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Chase Freedom Card is being downgraded in: Subjects › Discussion

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awesome, they jacked the freedom card, it is no longer my holy grail of cards.
it is now even worse than my hsbc weekender card rofl with the 1% all the time and 2% weekend purchases.
guess i have no other card to "want" anymore.


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I've been pretty happy with PenFed's Platinum Rewards Visa, offering 5% on gas, 2% on groceries and 1.25% on everything else.

I suppose I could be more aggressive FWF-style and dig in to find what works best for me, but I do fine with this card, although Countrywide Visa (thanks, dmlavigne1), mentioned elsewhere recently, looks good, too.

And who knows? As a pretty conservative credit union, PenFed may well remain above the fray of at least some of the financial crisis, meaning it won't change the CC terms any time soon. Fingers crossed.


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Hm, just checked my two cards (I have a Freedom Signature and a Cash Plus), they're both still at the original rewards structures (3% everyday/1% and 5% GGG/1%, respectively).


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I had the Chase Perfectcard Mastercard (Blue) that pays 3% on gasoline purchases, and 1% anywhere else. They recently upgraded that to the Chase Rewards Platinum World Mastercard. It still has the exact same rewards programs as the old Perfectcard. Has anyone heard of any changes coming to this card?


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np3228 said:Hm, just checked my two cards (I have a Freedom Signature and a Cash Plus), they're both still at the original rewards structures (3% everyday/1% and 5% GGG/1%, respectively).

mine too... but the OP mentioned any new cardmembers will get the new rate.

I have no idea, nor does many others, know when current customers will be switched to the new plan. I hope its a while for the freedom, II still have my 5% rate on the Cash Plus card


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I just noticed the Freedom Business card no longer has the $250 check for $200 redemption option. It's still available for the personal card though.


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I think anyone that has the Freedom Business/Personal card doesn't have to worry for right now...it'll still be some time before they downgrade current cardholders. But it's never too early to start looking for a replacement card...although it seems like everything is being methodically downgraded these days.


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TenYearsGone said:here are two conflicting offers

Chase Freedom Application #1

Chase Freedom Application #2

One is the plain Chase Freedom card, the other is the Chase Freedom Visa Signature card. They are different cards (I have both).


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Just pulled this from my account from JPM Online:


Rewards Program Details


With Chase Freedom PlusSM, you now have the flexibility to earn Cash Back faster!

You earn 3% Cash Back automatically on purchases in the 6 everyday categories where you spend the most each month. There are 15 categories in all! Your spending habits may change from month to month — the triple rewards you earn for them will stay the same. You also earn 1% Cash Back on all other purchases. Here are the categories:

* Gas Stations & Convenience Stores
* Grocery Stores
* Quick Service & Fast Food Restaurants
* Utilities (Gas, Electric, etc.)
* Drugstores
* Cable/Satellite TV & Internet Providers
* Department Stores
* Pet Stores & Veterinarian
* Phone/Cell Phone Bills
* Movie Theatres
* Gym Memberships
* Beauty Salons & Spas
* Movie Rentals
* Dry Cleaners
* Local Commuting

You have a choice when it comes to rewarding yourself:

* Reach $50 in rewards and redeem for a $50 check, or
* Save up $200 in rewards and redeem for a $250 check – that's a $50 bonus!

With Chase Freedom Plus, you have the freedom to reward yourself the way you want to. There are no limits to the amount of rewards you can earn with Chase Freedom Plus. Switch between Cash Back, points, or miles and take your rewards with you. To switch, just click on the 'Switch My Rewards' link.


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Dopke said:One is the plain Chase Freedom card, the other is the Chase Freedom Visa Signature card. They are different cards (I have both).

I don't think this makes a difference because old one is offered both in Platinum and Signature forms. If what you say is true, I will upgrade my Platinum to Signature.


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any comments on Chase Freedom VISA Signature vs. Chase Freedom World MasterCard?


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Is it just me or does Chase have to come up with a less confusing naming-scheme for their wide array of credit cards?


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I just got my Chase Freedom card. It is 3% and 1%. I still have my cash reward card. It is supposed to go to 3% and 1% at the beginning of this month. I was think about switching over to the Freedom card and cancel the cash card. I guess I will keep both for now.


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What are the chances you can still signup for the original chase 3%/1% card?


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Applying for the freedom card in the branch hasnt changed at all yet. If you're still looking for the good version it still exists if you apply in the branch.


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I was going to convert my downgraded Cash Plus to Freedom to get the $250 for 200 redemption, but now I'm not so sure. It will take $2500 in purchases in the 3% Cash Plus categories to make up for the $50 I miss by not converting. I'm a Drugstore-freebie hound, but still I'm not sure about this. Nailbiter!


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mountainview said:3 pts on gas/grocery (BofA)

From the terms and conditions:

§§ For the first $500 in net retail purchases (eligible purchases less credits, returns and adjustments) made with your card at gas stations and grocery stores each calendar month, you will earn three (3) points per dollar (consisting of two (2) bonus points and one (1) base point) with a maximum earn of 1,000 bonus points during each calendar month. For each dollar in eligible gas and grocery purchases in excess of $500 each calendar month, you will earn (1) point. To be eligible for bonus points, your credit card account must be open with charging privileges and purchases or purchases must be made at an eligible merchant.
Eligible merchants and their associated merchant category codes (MCC) include: (a) Gas Stations (MCC codes 5541 and 5542), which are merchants that primarily sell fuel for consumer use; and (b) Grocery Stores (MCC codes 5411, 5422, 5441, 5451, 5462, and 5499), which are merchants that primarily sell perishable and non-perishable food and other general merchandise for consumer use.


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Chase Freedom is no longer listed on Visa.com as an available Signature tier card. I was going to switch my old Visa PerfectCard to Freedom just to get the Signature benefits with no annual fee and flexible rewards but now I'm hesitant because I am worried I will end up being sent either the new Freedom card, or the Freedom Plus with the $30 fee


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mountainview said:3 pts on gas/grocery (BofA)

how did you come across that application page? I can't find any BofA Worldpoints Mastercards with 3% on the BofA webpage...
Bank of America® WorldPoints® Platinum Plus® MasterCard® Credit Card application via BofA website

 

nice find though, I've been looking for a BofA card like that (>1%) for some time


Message edited by: TenYearsGone on 2008-11-20 22:57:44 CST
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