Originally Posted by
sechs
The title is a little misleading.
Chase is only converting their own branded cards. The IHG card was converted the other way, as you experienced; the AGR card, a Mastercard, is staying that way.
Thank you. 7 pages of this and you explained it better in one sentence.
I have been given NO notification that my "Continental converted to United" MC is getting changed.
Originally Posted by
sechs
As I understand, Chase has an agreement with Visa for their cards, and IHG has an agreement with Mastercard.
It's all about the ducats.
Yup. From what I read, in the agreement Visa is giving Chase a bonus (in the form of a discount) after Chase gets a certain % of their card volume on the Visa system. A discount of even a small fraction of 1% can add up to big bucks.
If I had a bunch of autopays set up that I'd have to change, I'd be pretty unhappy that I had to re-setup those autopays just to pad Chase's bottom line.