Originally Posted by
747FC
I still don't understand: AF = 450 - 300 for 2016 = 150 cost of card (not bad for 100k points).
In 2017, you get another $300 credit, obtained before next AF, so net benefit is +$150.
Can you tell me what I am missing?
Applying in mid September (when CSR was first available) means 90 days later (the deadline to cancel a CSR and get an AF refund) is only mid December 2016. On a side note: Chase now tells people they only have 30 days after the billing statement in which their AF posts for them to cancel and receive a full refund.
Originally Posted by
Need
Maybe he got more than $300 back on the annual fee prorated refund?
I actually just checked and I got the full AF back. Go figure.
Originally Posted by
Critterlynn
Maybe you should not have applied so quickly. Had you waited, you could have pushed that 90 day window into 2017 and got another $300 travel credit.
I mean if you're going to screw Chase over and risk getting blacklisted, screw them good and hard.
Not everyone is like you and applies for cards with the intention of, "screw[ing]," over issuers. JP Morgan was always trying to get me to sign up for Private Banking due to knowledge of my assets from when they were involved in M&A for the sale of one of my companies. Originally in August, I was only a CPC and applied for a Palladium card. The CSR's earning structure was a perfect compliment to the Palladium's.
Last month or so, I finally bit the bullet and decided to park some assets over with JPM PB and in the process they converted my Palladium into a JP Morgan Reserve card. Obviously, that card is a better version of the Sapphire Reserve, so there was no real reason for me to hold onto the CSR anymore.
In the middle of last week, I decided to call up Chase and see what could be done about the CSR. I asked if I could PC it to Freedom and they did it right away.
My datapoint was really just to highlight that product changes are possible even if a card is less than a year old and subject to the CARD Act. I went through the regular phone system and not through my private banker.