Chase Freedom Officially Sucks as of June 30

[Shawnee]

[GEORGE]

TRADE CARDS there are 100's of them

 

http://creditboards.com/forums/index.php?showtopic=394863

Edited May 11, 2009 by GEORGE

[Shawnee]

TRADE CARDS there are 100's of them

 

http://creditboards.com/forums/index.php?showtopic=394863

 

And they're cutting the rewards on all of them. Chase, meet my sockdrawer.

[wanabe]

TRADE CARDS there are 100's of them

 

http://creditboards.com/forums/index.php?showtopic=394863

 

There is no card that was like that one to trade.

[wanabe]

I hope the change is not for the Plus card too.

Hopefully I will get my last $250 check if they ever update my

rewards. I knew something was happening. I called to see if

I could request my check over the phone and was told I have

to wait until my rewards udate. I am sitting with $200.03 in

rewards waiting to hit the button.

[shaft]

NO!!!!!!!!!!!!!!!!!!!!!!!!!!

It can't be true!

This officially sucks royal gluteus maximus.

[TrevorHere]

Why?

[TrevorHere]

TRADE CARDS there are 100's of them

 

http://creditboards.com/forums/index.php?showtopic=394863

 

And they're cutting the rewards on all of them. Chase, meet my sockdrawer.

 

How do you know?

 

I hope not...

[athensgaguy]

I decided the BP Visa was the best Chase card I could get.

[hdporter]

Is the $30 Freedom Plus upgrade (first year fee waived) still available to retain the rebate structure?

[GEORGE]

I decided the BP Visa was the best Chase card I could get.

No BP here...

[TrevorHere]

Is the $30 Freedom Plus upgrade (first year fee waived) still available to retain the rebate structure?

 

If this is the direction they are going, I wouldn't count on it. Bad biz decison...

[Shawnee]

TRADE CARDS there are 100's of them

 

http://creditboards.com/forums/index.php?showtopic=394863

 

And they're cutting the rewards on all of them. Chase, meet my sockdrawer.

 

How do you know?

 

I hope not...

 

It has been reported in several news stories. Their credit card division had a net loss last year for the first time, IIRC around a $560 million loss.

[shaft]

There aren't any other good options with Chase to choose from.

I might just combine the limit with my Amazon.

[GEORGE]

I have CHASE UNITED VISA and FLEXIBLE (was WAMU)

 

When the FLEXIBLE BT (carry over from WAMU) is PIF I will probably do a 2 into 1 and close FLEXIBLE

Edited May 11, 2009 by GEORGE

[Shawnee]

By the way, I love how Chase sticks to their usual MO of deception masquerading a rewards cut as some sort of new benefit. On the outside of the envelope was this promising statement:

 

GOOD THINGS ARE COMING FROM CHASE FREEDOM

 

I don't call a cut from 3% to 1% a "good thing".

[wanabe]

Is the $30 Freedom Plus upgrade (first year fee waived) still available to retain the rebate structure?

 

I hope my pick of that one keep me in a little while longer.

[shaft]

AND they lowered the cash back % in Chase Rewards Plus.

[GEORGE]

By the way, I love how Chase sticks to their usual MO of deception masquerading a rewards cut as some sort of new benefit. On the outside of the envelope was this promising statement:

 

GOOD THINGS ARE COMING FROM CHASE FREEDOM

 

I don't call a cut from 3% to 1% a "good thing".

Don't want to pull out the "P" word...but that was what they did with some funding for schools (more than a few years ago)

 

$10,000,000 increase from the prior year "CUT" to only $8,000,000 increase ($2,000,000 "CUT")

 

 

AMEX dumped "ALWAYS DOUBLE MILES" on 01/01/2009

 

That helped HOW???

Edited May 11, 2009 by GEORGE

[wanabe]

AND they lowered the cash back % in Chase Rewards Plus.

 

Details?

[TrevorHere]

So let me get this straight, Chase believes they are going to reverse their losses by butchering the rewards on credit cards?

 

This will encourage more business from their customers?

 

This reasoning contributes as to why they are in the sewer to begin with...

Edited May 11, 2009 by TrevorHere

[Shawnee]

So let me get this straight, Chase believes they are going to reverse their losses by butchering the rewards on credit cards?

 

This will encourage more business from their customers?

 

This reasoning contributes as to why they are in the sewer to begin with...

 

Same mentality that goes on with the RJing. BofA recently butchered World Points and we all know how Citi has butchered several good rewards cards. What's next, the return of annual fees for most cards?

[GEORGE]

So let me get this straight, Chase believes they are going to reverse their losses by butchering the rewards on credit cards?

 

This will encourage more business from their customers?

 

This reasoning contributes as to why they are in the sewer to begin with...

Like FR/CLD/TOTAL CLOSURE/APR JACKAGE helped AMEX

 

 

Ooops forgot AMEX can do no wrong

[jlp58]

There aren't any other good options with Chase to choose from.

I might just combine the limit with my Amazon.

 

(possible) +1

 

I was just about to convert my non-rewards Chase VISA to a Freedom card but now am thinking seriously about combining it with my Amazon VISA, instead.

[ademas]

I would love to play the credit card version of "Rock, Scissors, Paper" with George.