Chase is converting some Mastercards to Visa
 

Was told by a CSR yesterday that Chase is converting ALL Mastercards to Visas by the end of next year - no exceptions. :(

doesn't make any difference to me! Unless of course they start treating the Visa's as new products from the Mastercards.. which I thought I heard that they were for the Ink products.

CSRs have been known to be wrong. I hope that is the case here.

Hopefully, one of the bloggers or others with inside sources at the upper levels of Chase can confirm or deny this. I applied for a CSP MC in May before they stopped offering them. If this is true, I would cancel this card before they could issue me a Visa in the hope I could get the bonus again by applying for a CSP Visa.

Thanks for the heads up!

This.

MasterCard is a public company. I expect there would be some announcement if their relationship with JP Morgan Chase were ending, because of the adverse affect on MasterCard's earnings.

This is not news. Chase and Visa announced a partnership a few months ago that outlined, among other news, a significant shift of card volume to Visa.

From Marketwatch:

Chase has also signaled that its MasterCard-issued business cards, such as the Ink line, will transition to Visa cards. When a MC Ink card expires, it will be reissued as a Visa card.

In this case, I believe that the CSR was on the money.

I agree with augustus21, my guess is that this would be for new accounts only by the end of the year. Re-issuing all existing MC cards at the same time would be expensive for Chase. I bet they wait until the card expires.

I have been wrong before, though. :confused:

I have an explorer MC... This might make shopping at Sam's a PITA

I just went over to the MC site, and there weren't any Chase cards listed in the searches for personal or business cards.

Actually, I didn't see any Citi cards listed, either. I have a Citi AA MC. Interesting.

I mainly saw Barclays cards.

Almost all my Citi cards are Mastercard, Preferred, and Premier. I just got replacements on both in the last 30 days with chips in the cards. So it looks like they plan on keeping the ones they have? The only Visa I have is a Forward card and it's the oldest. Now my Chase cards are almost completely reversed only 1 Mastercard out of 5. So yes Visa seems to have Chase on board. lol

FYI, I sent an SM to Chase to ask about this. Their website says they will respond in 4 hours. It is well past that point now, with no response.

I basically just said that I really liked having a CSP MC. Then I asked for confirmation one way or the other on whether I would be able to keep it as a MC.

Maybe they are researching it.

Well, ZontarTheThingFromVenus, you were right all along! I was hoping the agent you spoke with was mistaken, but I got the response below from Chase today. Thank you so much for the heads up! I really appreciate it!

I have 3 Chase MC accounts: CSP, Ink Plus and Ink Bold. I wonder if I should try to downgrade or cancel before the switch. Can an Ink Plus or Bold be downgraded to a Ink Classic or Cash if the account has been open less than a year?

Thanks.


Dear Jeanie,

Thank you for contacting Chase about your account ending
in xxxx.

I would like to inform you that your account is not yet
changed to a Visa card. However, it will be changed to a
Visa credit card. You will be notified about it prior to
this change.

If you have any further questions, please reply using the
Secure Message Center.

Thank you,

Well this brings for an interesting discussion. I assume if they change us to an Ink Visa from Ink MC we won't receive the bonus, however I've heard previous rumors (and confirmation) of people getting a second sign up bonus for Ink when it was the Visa and they previously had the MC.

Well, in my first SM to Chase I asked if my CSP MC would be converted to Visa in the next few weeks. I posted the reply a couple of posts up, and they ignored the timing aspect of the conversion in the response. So I asked again. It took 2 days to get a reply this time. There was no real answer given this time, either.


Dear Jeanie,

Thank you for taking the time to contact us again in
regards to your inquiry about the switch from Mastercard
to Visa.

Please be advised that the change from Mastercard to Visa
is account specific, and we are unable to confirm any
particular date range when it will be effective on your
account.

I would like to reiterate that if your account is going to
be switched to the Visa card you will be notified prior to
the change.

If you have any further questions, please reply using the
Secure Message Center.

Sincerely,

I hope my Amtrak MC won't be converted.