Chase Freedom Card Received but Not as Good as Thought

About two weeks ago, I applied and approved for a new Chase Freedom card. The main reason for me to apply the card is the advertised $250 bonus after first purchase, though I can still use the 3% cashback on grocery store, gas, and fast food restaurant purchases. What could be better than $250 free money? That’s what I thought I would get as the terms & conditions of the offer says

You will receive $200 in bonus rebates which can be redeemed for a $250 check. Please allow 6 to 8 weeks after your first purchase for bonus rebates to post to your account.

I don’t know exactly how to read this condition. From what I understand, it tells me I will get $200 in bonus rebate in 6 to 8 weeks after I make my first purchase, regardless the amount (otherwise I would have to spend nearly $6700 just to earn $200 cashbacks). Anyway, the Freedom card arrived yesterday and here’s what appears on the carrier:

Redeem $50 in rewards for a $250 check or save up to $200 in rewards for a $250 check.

Different from the original offer, but not totally unacceptable. In this case, I will need to charge $1667 on the card to earn $50 rewards. That’s a lot of groceries we have to buy!

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8 Responses to “Chase Freedom Card Received but Not as Good as Thought”

  1. Michael |  Apr 01, 2007 at 3:04 pm

    I also got my Chase Freedom Card in the mail this past week. I was going for the $250 check as well. This was a very deceptive move on Chase’s part, and false advertising all the way. I decided that we will use the card as a gas card only, since we can earn 3% back on gas purchases, or is that a scam too? Does anyone recommend a certain card for gas? Is there anything better than 3%??

  2. The Sun |  Apr 01, 2007 at 3:36 pm

    I was also going for the bonus and it turned out to be quite misleading, to the least. But I think I can use the 3% rebate on gas and grocery. So far the most rebate I got is 2%. But is it for real? I don’t know. However, I think since it’s printed on the card carrier, it’s probably real. As for 5% cashback on gas, I think now only Discover has a similar offer. These days, this kind of generous offer is rare.

  3. Finance Guide 101 |  Apr 02, 2007 at 9:31 am

    Well I have read some information about chase freedom card…and there was an alert about card…and now here is your experience…


  4. The Sun |  Apr 03, 2007 at 5:28 pm

    Indeed Chase played a little trick here to make the terms vague and I bet many people had signed up for $250 bonus. But again, the new term is not clear either. I will have to wait till I have that $50 rewards to see what exactly they are offering.

  5. Mark J Smith |  Nov 28, 2007 at 8:52 pm

    That rebate is only half the problem. Did anyone note that Kmart, Walmart and Meijers DO NOT QUALIFY for the 3% rebate! That is absolutely correct, they are classified as “Discount Stores”. I did not find this out until I scanned my card activity and saw that they had “(Other)” after each transaction instead of “Department Store” which is what I was expecting. In fine print on the back of the letter it says “Discount Stores” do not qualify for the additional 2% rebate. The 3 largest store chains in the world and they do not qualify? I had to call Chase 3 times to get this answer and they already knew my question (very quick answer!).
    This is extremely misleading advertising.