Comments on: Chase Freedom Card: No More 3% Rewards?

By: Credit Cards That Let You Invest Cash Back

Credit Cards That Let You Invest Cash Back — Fri, 29 May 2009 18:28:25 +0000

[...] follow what I am doing on Twitter Thanks for stopping by!I have heard some rumors that Chase no longer gives 3% cash back to Freedom Card holders for shopping at gas stations and grocery stores. I haven’t got the notice from Chase myself [...]

By: Daniel

Daniel — Thu, 14 May 2009 19:23:36 +0000

Steve, I’m on the same boat. Except CapitalOne jacked my interest from something like 1.9% to like 29.4% I couldn’t help but laugh, and didn’t care much because I never used the card. It was MEANT for emergencies because I got it for the low rate… but oh well…

As for Chase… It was eventually going to happen, luckily I have already hit my $200 rewards and got my $250, now i’m in the process of phasing out using credit cards and going more of a cash only approach. I think the only credit card I still actively use is the card I set for business expenses, all the others carry a $0 balance.

Which I have to admit I am digging the Schwab Credit Card… seeing money going into my Brokerage account is a sweet deal

By: Steve

Steve — Thu, 14 May 2009 18:34:07 +0000

Just got a letter in the mail that states:

“Note: The $50 bonus when redeeming $200 in Cash Back Rewards will no longer be available after June 30th.”

Lame. Between CapitalOne jacking my interest rate on my rewards card from 8.9% fixed to 18.99% and Chase killing their rewards, there’s just not much to look forward to anymore.

By: SunFinancial (Suns Financial Diary)

SunFinancial (Suns Financial Diary) — Wed, 13 May 2009 01:22:11 +0000

@FMFblog Yes, that actually happened quite some time ago http://is.gd/ghcw

By: Will

Will — Tue, 12 May 2009 18:08:34 +0000

They must be slowly phasing this in, or only targetting customers who get too much back – I just got my notification yesterday that I’m losing my top three and the $50 bonus

By: Pay Taxes With Credit Cards: Worth It Or Not?

Pay Taxes With Credit Cards: Worth It Or Not? — Wed, 08 Apr 2009 15:18:24 +0000

[...] 2.49% convenient fee as penalty). Sure, I have credit cards that give me 3% cashback (such as the Chase Freedom card), but the cashback is tied to certain categories (like gas and groceries) and tax isn’t one [...]

By: AMEX Costco TrueEarnings Card 3% Rebate On Gas Up To $3,000 [Card Reviews]

AMEX Costco TrueEarnings Card 3% Rebate On Gas Up To $3,000 [Card Reviews] — Sat, 28 Mar 2009 03:46:35 +0000

[...] is just about to change, like what we have seen with other credit card rewards programs (such as Chase Freedom Card). Starting March 31, 2009, the TrueEarnings Credit Card will only give 3% cashback on the first [...]

By: $250 Chase Freedom Card Cash Check Requested

$250 Chase Freedom Card Cash Check Requested — Thu, 15 Jan 2009 03:31:13 +0000

[...] with the card, if judged by cash backs they receive. In early November, I talked about the revised Freedom rewards program for new card members. Basically, the changes limit 3% rewards for only the first six months after a [...]

By: Carnival of Personal Finance #179 - Smile Edition | Credit Card Information

Carnival of Personal Finance #179 - Smile Edition | Credit Card Information — Mon, 17 Nov 2008 10:33:31 +0000

[...] The Sun’s Financial Diary presents Chase Freedom Card: No More 3% Rewards? [...]

By: Sun

Sun — Thu, 13 Nov 2008 19:36:34 +0000

I am very close to the line (more than $180 already). I have to check if that $200 for $250 is still available. Hopefully, it is

By: Daniel

Daniel — Thu, 13 Nov 2008 19:20:50 +0000

Sun: I couldn’t agree more, Unfortunately I am trying to get to their magical $200 rewards line so I can earn that extra $50 (taking forever, curse my frugality). Unless they cut that too, then I’m going to cry -=(

By: Chase Freedom Card Switches to Rewards Points

Chase Freedom Card Switches to Rewards Points — Thu, 13 Nov 2008 18:46:38 +0000

[...] Check out the latest update on Chase Freedom Card and other signup bonus offers. If you found information on this Diary helpful, please consider [...]

By: Sun

Sun — Thu, 13 Nov 2008 18:35:33 +0000

Daniel: The reason I don’t plan to use the card any more if the rewards indeed go down to 1% is all the cards have 1% rewards on everything, so there will be nothing special with Chase Freedom. So I’d rather use a card that gives me 1% in the first place than using one that downgrades the rewards from 3% to 1%. I just don’t like it, no matter how good the card used to be.

By: Daniel

Daniel — Thu, 13 Nov 2008 18:29:01 +0000

I seriously hope I do keep my rewards, the 3% in the top category was a major plus to me. Which is the reason why I began using the card for my daily purchases, instead of my atm card or cash. Even if it is only 1% per dollar, I guess I would still use it, because I don’t see any point migrating to another card if that company ends of changing their reward program.

Regardless, I really do love chase’s web interface and customer support.

By: Roundup of Available Referral or Signup Bonuses

Roundup of Available Referral or Signup Bonuses — Tue, 11 Nov 2008 19:33:02 +0000

[...] Chase Freedom Card $50 bonus: Open a Chase Freedom Card and get $50 bonus after the first purchase. [...]

By: Sun

Sun — Mon, 10 Nov 2008 18:10:17 +0000

Yes, it didn’t surprise when I saw the rewards program got downgraded, though I really hate it because I use the card a lot. It seems to be a general trend that card issuers scale back their rewards programs and increase their interest rates. Right now, credit card companies don’t have the desire to offer above-the-average rewards because everybody is cutting back.

By: Justin McHenry

Justin McHenry — Mon, 10 Nov 2008 12:09:52 +0000

You’re right, Sun, but like you said, Chase isn’t the only one pulling back on the rewards. Almost every major card company has reduced rewards, either pulling cards off the market entirely or changing the terms for new customers. It’s all a reflection of the bigger economic problems, and especially all the problems banks are having right now with defaulting customers.