Chase Freedom Card is being downgraded in: Subjects › Discussion |
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This is the first I've heard of it but it looks like the Chase Freedom card is the next rewards card on the chopping block. Rewards are going from 3% down to 1% and they are changing their bonus rewards program to something like what Discover does (quarterly bonus categories). Bummer, as this is the card I use most... http://www.thecreditcarder.com/rip-chase-freedom-rewards-card/ |
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Ways to get Chase Freedom Non-Downgraded version: 1. Chase Freedom Plus, $30 annual fee (waived first year) 2. Freedom Chase Exclusives, for Chase Checking Account holders
Mailer Status open question - does having a chase/wamu account have any bearing? Card (Date) - Chase Relationship - Mailer Received? (Date) |
wow, good that I didn't convert my cash plus card...it will be interesting to see which card lasts longer. |
Any confirmation from chase if they will be downgrading current customers... |
I haven't gotten anything...yet. But I've found in the past that they usually send a letter in the mail within six months to a year of downgrading/getting rid of a card informing you of the 'exciting new changes' to your card/account. |
Guess ill have to go back to my citi professional card if its true |
here are two conflicting offers |
This is terrible news, hopefully existing customers get locked in. Else going to be looking for a new card. |
TenYearsGone: It looks like Chase is right in the middle of the switchover and that's why both offers are available at the same time. I wouldn't be surprised if the old Chase Freedom application disappears soon though! |
mag72 said:TenYearsGone: It looks like Chase is right in the middle of the switchover and that's why both offers are available at the same time. I wouldn't be surprised if the old Chase Freedom application disappears soon though! definitely and I was about to switch to Chase Freedom Plus, so far the chase website doesn't show its rewards as 'butchered' yet |
Damn shame. Is it that they are not making enough on the higher APRs they charge for Freedom? Then again, since I pay it off in full, it has never been an issue for me. Prob. the same for most FWers. But, I mean, come on. |
Gotta pay for that WaMu purchase somehow. |
I don't know if it's been mentioned, but a few weeks ago I got a letter in the mail about my Freedom Business card, basically outlining some of its benefits. I believe the letter said something about getting a $1000 check after you've accrued $900 in rewards, which is signifantly worse than the $250 check for $200 that they currently offer. I don't think I've seen anything backing that up on their rewards redemption site for now, but maybe they're getting rid of the $250 for $200 bonus too. |
Who wouldn't expect this coming? This is what mergers do after gobbling up competitors. Higher fees, higher rates, lower rewards. Economics 101... |
Is there a Chase card type worth switching to once this change is made to the Freedom card? I'm about to get my first $250 CashBack check and then plan to stop using the card. |
qcumber: glad it's working out great for you! haha lurker: I was wondering the same thing. The only card I can find that kind of resembles the Freedom card is the Chase Business Rebates card (listed at the bottom here) with 3% Cash Back on gas, office supplies, remodeling stores, hardware stores, and restaurants. 1% on everything else. Wouldn't be surprised if they soon did away with that card as well though... |
http://www.chaseinformation.com/freedomplus/?cell=6h8x&MSC=&AFFID=yLvEEQQAcjs-KJ2_cO0Q08SWbWTPvHd_WQ
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Yah, it would be if I didn't have to pay the $30 annual fee. Some may not mind but I avoid those cards like the plague (except when I get a free first year AND a nice bonus for signing up...like a free plane ticket or something...and even then I cancel before the initial year is up to avoid the annual fee). |
leedsutd67 said:http://www.chaseinformation.com/freedomplus/?cell=6h8x&MSC=&AFFID=yLvEEQQAcjs-KJ2_cO0Q08SWbWTPvHd_WQ I read the fineprint but it's a bit ambiguous: Purchases not eligible to receive the 2 bonus miles include, but are not limited to, purchases made at superstores, warehouse clubs, and discount stores. Online and catalog purchases are not eligible to receive the bonus miles unless the merchants have correctly identified and billed the transactions. We do not determine whether merchants correctly identify and bill transactions as being made in each particular category. However, we do reserve the right to determine which purchases qualify for the 2 bonus miles. How will you know exactly if you will earn 3 points or 1 point? I spend a lot of money on buying supplies/inventory for my business and this can easily exceed $20,000/mo. Some suppliers are manufacturers of material and I can't seem to place them in any specific category. Is Home Depot and Lowes considered to be "superstores"? What's considered a "discount" store? |
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