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irobot
- Senior Member - 1K
rated:
posted: Nov. 9, 2008 @ 9:12a 
Whoa, that's bad news! I've still got a Chase Rewards Plus card that hasn't been converted over from the 5% grocery/drugs/gas yet (although I hit the max rebate amount back in October, and I didn't realize it, so I lost some there). I've also got a Perfect card that I never use anymore. It's possible that I'll end up cancelling ALL my Chase cards. Edit
It's ironic that both of the possible alternatives listed in the OP's link are AMEX cards (I already have the SimplyCash card). AMEX cards used to be pretty worthless AFAIK; now some at least are competitive in terms of reward structure. |
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nkling
- Member
rated:
posted: Nov. 9, 2008 @ 9:40a
I hope it will wait until I accumulate enough for the 250 reward... |
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jlgrandam
- Addicted Member
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posted: Nov. 9, 2008 @ 9:51a
nkling said:I hope it will wait until I accumulate enough for the 250 reward... Same here! Only $40 more to go |
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TJ665
- Thrifty Member
rated:
posted: Nov. 9, 2008 @ 10:53a
Ugh, this is my primary card for groceries and drug stores purchases. I've shifted gas to my AMEX Costco Business Card getting 5%. I use Citi MtvU Visa for 5 points per dollar on restaurants and Amazon (classed as a bookstore) purchases. Need to look for a replacement... |
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dolmar
- Senior Member - 4K
rated:
posted: Nov. 9, 2008 @ 11:11a
Great another thread for our favorite person to fear monger in by telling us his CSR told him everyone will be converted by X date and those dates will come and go just like they did on the other Chase cards without everyone being converted. |
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irobot
- Senior Member - 1K
rated:
posted: Nov. 9, 2008 @ 12:22p
dolmar said:Great another thread for our favorite person to fear monger in by telling us his CSR told him everyone will be converted by X date and those dates will come and go just like they did on the other Chase cards without everyone being converted.It's true that the only thing I've seen in this thread so far seems to be hearsay. I don't think anybody has personally been downgraded yet, right? Maybe it won't go down like the rumor. On the other hand, the Chase Reward Plus discontinuation news started out as a rumor, too. One thing is not necessarily a proof of the other, though. |
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markkundinger
- Senior Member - 2K
rated:
posted: Nov. 9, 2008 @ 12:35p
Wow, the "new" Freedom looks to be a pretty poor card. Not *horrible*, because it's still at least 1% CashBack, and a user might accidentally get 3% back in a revolving bonus category. But even Discover does 5% back in their bonus categories). I wonder how narrow the new categories will be? Probably stuff like "cobblers, haberdashers, and chimney sweeps". |
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cfeifei
- Senior Member
rated:
posted: Nov. 9, 2008 @ 12:42p
mag72 said: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). When I click "apply", it show annual fee is "none". |
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TYTBUDGET
- Ancient Member
rated:
posted: Nov. 9, 2008 @ 2:04p
Hanging on for dear life to my Associated 5% Grocery card. Can't be long now tsk.  TYTBUDGET |
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comptalk
- Thrifty Member
rated:
posted: Nov. 9, 2008 @ 2:39p
Here's what I use: AMEX Blue for just about everything (1.5% back)
Chase Freedom Plus or Citi Professional - Restaurants only
Amazon Chase Platinum Plus - Amazon orders only (3 points per dollar) Have others, just really do not use them... |
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mathman6
- Member
rated:
posted: Nov. 9, 2008 @ 3:18p
yeah, the new card definitely a lot worse. i called them this morning: the new card started on the 4th, and Freedom Plus is not changing. they said my card is still under the old rewards structure. i'm curious as to why they haven't fully converted those Rewards Plus cards from 2+ years ago. it makes me wonder what their transition process is. i wouldn't be surprised the conversion is an AA. |
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Smooth
- Senior Member
rated:
posted: Nov. 9, 2008 @ 7:54p
I have this upgraded card and it works out well--no caps on rewards, etc. CSR explained however, that this card does not benefit at all from using the Chase Rewards Plus+ online mall. leedsutd67 said:http://www.chaseinformation.com/freedomplus/?cell=6h8x&MSC=&AFFID=yLvEEQQAcjs-KJ2_cO0Q08SWbWTPvHd_WQ
...
This looks to be a better card for you heavy hitters |
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Frolet
- Senior Member
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posted: Nov. 10, 2008 @ 9:01a
any good replacements? I just got the $250 check, so I'm back to the beginning. I had the 6% Citi card for 3 mos, which was awesome (got like $300 bucks off that bad boy)... any other good ones out there currently to exploit? Even temporary bonus rewards are good. |
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craig10x
- Senior Member - 3K
rated:
posted: Nov. 10, 2008 @ 9:20a
the thing is that while new Freedom Cards are being downgraded, it doesn't mean those who are already holding the card will be downgraded that quickly...if you observe how slow they have been about reducing the Cash Plus and Rewards Plus customers from the 5% to 3%, you would know that Chase is "turtle slow" when it comes to these kind of changes....While certain "persons" here think i am going to give predictions on when this could happen to you (a deadline) i wouldn't even begin to imagine..... My "sense" of this is that Chase's ultimate goal is to reduce all their cards to the standard 1% rewards, however with the way Chase operates, it could take several years before everyone is changed over....So, i don't think there is any rush to be looking for a "replacement card"..... |
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guruganesha
- Member
rated:
posted: Nov. 10, 2008 @ 11:22a
Bah! Chase Freedom has been my favorite card given my small purchasing needs. I redeemed my first $100 2 months ago. I currently have $32 in rewards and wonder how long it will now take to charge another $600 to get that $50? Baaaaaah! |
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VanceWade
- Senior Member
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posted: Nov. 10, 2008 @ 8:24p
I will wait until I hear from the company that I'm being downgraded. It is a great card, other than their frustrating inability to report a high balance or credit limit to the bureaus in my case, so I hope they leave it alone. |
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mag72
- Thrifty Member
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posted: Nov. 10, 2008 @ 11:05p
leedsutd67 said:http://www.chaseinformation.com/freedomplus/?cell=6h8x&MSC=&AFFID=yLvEEQQAcjs-KJ2_cO0Q08SWbWTPvHd_WQ 10000 bonus miles can transfer to points or cash Chase Freedom PlusSM Credit Card Features: Earn 3 miles per dollar in the 6 bonus categories you spend the most each month Earn 1 mile on all other purchases Annual Program Fee is Waived for first year -- that's a $30 value! No Rewards Expiration and Unlimited Earning This looks to be a better card for you heavy hitters 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? Yes, that is pretty normal as far as category-based rewards cards go. It's tough to find one that rewards you at all of the stores that you SHOULD be rewarded at. |
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mag72
- Thrifty Member
rated:
posted: Nov. 10, 2008 @ 11:08p
irobot said:Whoa, that's bad news! I've still got a Chase Rewards Plus card that hasn't been converted over from the 5% grocery/drugs/gas yet (although I hit the max rebate amount back in October, and I didn't realize it, so I lost some there). I've also got a Perfect card that I never use anymore. It's possible that I'll end up cancelling ALL my Chase cards.
Edit
It's ironic that both of the possible alternatives listed in the OP's link are AMEX cards (I already have the SimplyCash card). AMEX cards used to be pretty worthless AFAIK; now some at least are competitive in terms of reward structure. My Chase Rewards Plus card was downgraded to 3%/1% at the end of October. I received a letter in the mail around August or so informing me of the changes. I would call Chase and check on the status of your rewards if I were you! |
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mag72
- Thrifty Member
rated:
posted: Nov. 10, 2008 @ 11:09p
cfeifei said:mag72 said: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).
When I click "apply", it show annual fee is "none". It says $30 annual fee for me, waived for the first year... |
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