Mar 31, 2016, 12:02 pm
Last edit by: mia
5x for first year at Grocery Stores. Capped at 12K in spend:
Key points:
- $200 (20K UR) sign up bonus
- Does not seem to be possible to generate referrals for this offer
It earns Ultimate Rewards points which may be redeemed for cash.
Freedom, Freedom Unlimited, Sapphire, Sapphire Preferred, all versions of Ink, JPM Select, JPM Palladium all earn Ultimate Rewards points. Ultimate Rewards points earned with any of these cards may be redeemed for cash at the rate 1 point = $0.01.
Chase markets Freedom, Unlimited, and Ink Cash as cash rewards, the others as points cards. The difference is in the marketing, not the rewards.
Travel and purchase protection benefits
Visa Signature
Visa Platinum
For general info, see Applying for Chase Credit Cards, 2017 onward.
Chase Freedom Unlimited.
Feb 28, 2016, 9:09 am
#1
Original Poster
Join Date: Mar 2011
Programs: AA Platinum Pro, Hilton Diamond, Hyatt Exploralist, Marriot Silver
Posts: 2,065
Chase Freedom Unlimited.
Reported by a blog:
http://angelinatravels.boardingarea....675.1455857797
1.5% cash back on all purchases
No annual fee
No rotating categories
Not clear if transferable to Ultimate Rewards
Discuss...
http://angelinatravels.boardingarea....675.1455857797
1.5% cash back on all purchases
No annual fee
No rotating categories
Not clear if transferable to Ultimate Rewards
Discuss...
Feb 28, 2016, 10:19 am
#4
Join Date: May 2014
Posts: 69
1.5% cash back does not mean it is UR earning. Cash back is cash back.
If it is 1.5 UR per dollar then this immediately becomes the best credit card for all unbonused spend - amazing for anyone with high business/personal spend.
If it's just 1.5% cash back then it's useless.
If it is 1.5 UR per dollar then this immediately becomes the best credit card for all unbonused spend - amazing for anyone with high business/personal spend.
If it's just 1.5% cash back then it's useless.
Feb 28, 2016, 12:18 pm
#5
Join Date: Apr 2014
Posts: 83
1.5% cash back does not mean it is UR earning. Cash back is cash back.
If it is 1.5 UR per dollar then this immediately becomes the best credit card for all unbonused spend - amazing for anyone with high business/personal spend.
If it's just 1.5% cash back then it's useless.
If it is 1.5 UR per dollar then this immediately becomes the best credit card for all unbonused spend - amazing for anyone with high business/personal spend.
If it's just 1.5% cash back then it's useless.
Feb 28, 2016, 1:36 pm
#6
Join Date: Jan 2016
Posts: 880
1.5% cash back does not mean it is UR earning. Cash back is cash back.
If it is 1.5 UR per dollar then this immediately becomes the best credit card for all unbonused spend - amazing for anyone with high business/personal spend.
If it's just 1.5% cash back then it's useless.
If it is 1.5 UR per dollar then this immediately becomes the best credit card for all unbonused spend - amazing for anyone with high business/personal spend.
If it's just 1.5% cash back then it's useless.
Feb 28, 2016, 3:16 pm
#7
Suspended
Join Date: Aug 2005
Location: BOS
Posts: 15,027
Feb 28, 2016, 3:49 pm
#8
Join Date: Sep 2005
Programs: Northwest, United
Posts: 3,256
1.5% cash back does not mean it is UR earning. Cash back is cash back.
If it is 1.5 UR per dollar then this immediately becomes the best credit card for all unbonused spend - amazing for anyone with high business/personal spend.
If it's just 1.5% cash back then it's useless.
If it is 1.5 UR per dollar then this immediately becomes the best credit card for all unbonused spend - amazing for anyone with high business/personal spend.
If it's just 1.5% cash back then it's useless.
Why would Chase do this?
If it's just 1.5X which generates UR, then yeah, that would be awesome - for us - but it would be extremely costly for Chase. Do you think Chase would be foolish enough to do that? Look at their track record with other cards. Look at their recent (and increasing) restrictions on CC signup bonuses. They know all about this "hobby." Does it seem likely they would expose themselves to that? Why would they provide such a big potential benefit for a no-fee card?
Ideally, this would be considered a new product (so one could get a bonus for signing up), and the "Classic" Freedom would retained/grandfathered forever, with it's current benefits. That's what I'd love to see. But I highly doubt that's what'll happen - that seems like it would run completely counter to Chase's track record as well as its recent behavior.
I'll remain hopeful until we know more. But I got a bad feeling about this...
Feb 28, 2016, 4:20 pm
#9
Join Date: Feb 2016
Posts: 292
Agree with all the above. However, this seems very worrisome.
Why would Chase do this?
If it's just 1.5X which generates UR, then yeah, that would be awesome - for us - but it would be extremely costly for Chase. Do you think Chase would be foolish enough to do that? Look at their track record with other cards. Look at their recent (and increasing) restrictions on CC signup bonuses. They know all about this "hobby." Does it seem likely they would expose themselves to that? Why would they provide such a big potential benefit for a no-fee card?
Ideally, this would be considered a new product (so one could get a bonus for signing up), and the "Classic" Freedom would retained/grandfathered forever, with it's current benefits. That's what I'd love to see. But I highly doubt that's what'll happen - that seems like it would run completely counter to Chase's track record as well as its recent behavior.
I'll remain hopeful until we know more. But I got a bad feeling about this...
Why would Chase do this?
If it's just 1.5X which generates UR, then yeah, that would be awesome - for us - but it would be extremely costly for Chase. Do you think Chase would be foolish enough to do that? Look at their track record with other cards. Look at their recent (and increasing) restrictions on CC signup bonuses. They know all about this "hobby." Does it seem likely they would expose themselves to that? Why would they provide such a big potential benefit for a no-fee card?
Ideally, this would be considered a new product (so one could get a bonus for signing up), and the "Classic" Freedom would retained/grandfathered forever, with it's current benefits. That's what I'd love to see. But I highly doubt that's what'll happen - that seems like it would run completely counter to Chase's track record as well as its recent behavior.
I'll remain hopeful until we know more. But I got a bad feeling about this...
Feb 28, 2016, 4:23 pm
#10
Join Date: May 2014
Posts: 69
Agree with all the above. However, this seems very worrisome.
Why would Chase do this?
If it's just 1.5X which generates UR, then yeah, that would be awesome - for us - but it would be extremely costly for Chase. Do you think Chase would be foolish enough to do that? Look at their track record with other cards. Look at their recent (and increasing) restrictions on CC signup bonuses. They know all about this "hobby." Does it seem likely they would expose themselves to that? Why would they provide such a big potential benefit for a no-fee card?
Ideally, this would be considered a new product (so one could get a bonus for signing up), and the "Classic" Freedom would retained/grandfathered forever, with it's current benefits. That's what I'd love to see. But I highly doubt that's what'll happen - that seems like it would run completely counter to Chase's track record as well as its recent behavior.
I'll remain hopeful until we know more. But I got a bad feeling about this...
Why would Chase do this?
If it's just 1.5X which generates UR, then yeah, that would be awesome - for us - but it would be extremely costly for Chase. Do you think Chase would be foolish enough to do that? Look at their track record with other cards. Look at their recent (and increasing) restrictions on CC signup bonuses. They know all about this "hobby." Does it seem likely they would expose themselves to that? Why would they provide such a big potential benefit for a no-fee card?
Ideally, this would be considered a new product (so one could get a bonus for signing up), and the "Classic" Freedom would retained/grandfathered forever, with it's current benefits. That's what I'd love to see. But I highly doubt that's what'll happen - that seems like it would run completely counter to Chase's track record as well as its recent behavior.
I'll remain hopeful until we know more. But I got a bad feeling about this...
I'm trying not to get my hopes up and I'm just assuming it's going to be 1.5% cash back only. Because 1.5 UR per dollar would be unbelievable for me with high spend.
Feb 28, 2016, 5:32 pm
#11
Moderator
Join Date: Jun 2003
Location: Miami, Mpls & London
Programs: AA & Marriott Perpetual Platinum; DL & HH Gold
Posts: 48,955
I think they chose 1.5% to better compete with Capital One & Discover.
I think they will allow the points to be transferred to other Ultimate Rewards accounts to again catch up with American Express. American Express issues three cards which offer more than 1 Membership Rewards point per dollar for general spending. The Chase product would appear to be simpler, which is what you need to do when you are offering a "me too" product.
The interesting aspect to me, is whether they will force convert existing Freedom cards to the new one. That's what they have done before, although it takes years to complete. If not, will they allow conversions to this product without an application, or will they loosen their 5 cards in 24 months policy for this card? New product introductions would seem to be hampered by this unpublished policy.
I think they will allow the points to be transferred to other Ultimate Rewards accounts to again catch up with American Express. American Express issues three cards which offer more than 1 Membership Rewards point per dollar for general spending. The Chase product would appear to be simpler, which is what you need to do when you are offering a "me too" product.
The interesting aspect to me, is whether they will force convert existing Freedom cards to the new one. That's what they have done before, although it takes years to complete. If not, will they allow conversions to this product without an application, or will they loosen their 5 cards in 24 months policy for this card? New product introductions would seem to be hampered by this unpublished policy.
Last edited by mia; Feb 28, 2016 at 5:44 pm
Feb 28, 2016, 5:51 pm
#12
FlyerTalk Evangelist
Join Date: Jul 2008
Location: IAH
Programs: DL DM, Hyatt Ist-iest, Stariott Platinum, Hilton Diamond
Posts: 12,790
Feb 28, 2016, 5:52 pm
#13
Join Date: Jan 2005
Programs: UA GOLD MM,WN CP A+list, HH Gold,MR LT Titanium
Posts: 2,184
The interesting aspect to me, is whether they will force convert existing Freedom cards to the new one. That's what they have done before, although it takes years to complete. If not, will they allow conversions to this product without an application, or will they loosen their 5 cards in 24 months policy for this card? New product introductions would seem to be hampered by this unpublished policy.
Feb 28, 2016, 5:54 pm
#14
Join Date: Jan 2005
Programs: UA GOLD MM,WN CP A+list, HH Gold,MR LT Titanium
Posts: 2,184
Feb 28, 2016, 6:01 pm
#15
Original Poster
Join Date: Mar 2011
Programs: AA Platinum Pro, Hilton Diamond, Hyatt Exploralist, Marriot Silver
Posts: 2,065
The interesting aspect to me, is whether they will force convert existing Freedom cards to the new one. That's what they have done before, although it takes years to complete. If not, will they allow conversions to this product without an application, or will they loosen their 5 cards in 24 months policy for this card? New product introductions would seem to be hampered by this unpublished policy.