Fairmont Chase Signature Card
#1861
Join Date: May 2003
Posts: 6,359
I agree it is admirable, but I think that really was their only option based on the promises they made when we opened our Chase Fairmont Visas. There would have been a class-action (or thousands of arbitration claims) against Chase if they tried to stiff us out of the free night that we already spent $12k to earn.
#1862
Join Date: May 2003
Posts: 6,359
They are Chase Ultimate Rewards pts, and in fact they are worth at least 25-50% MORE (depending on if you have the Chase Sapphire Reserved card and/or transfer your UR pts into Hyatt/UAL pts) than the Fairmont/Chase "Funny Money" pts, that were really only worth 1% back. They charged you the $95 annual fee because they are converting you into another Chase card with an identical $95 annual fee. I would assume if you don't want the Sapphire Preferred then you can probably get a refund of your annual fee (or at least a pro-rated refund).
#1863
Join Date: Aug 2015
Posts: 324
So if we have never had the Sapphire Preferred card, will we be eligible to get the 50k points with a $4k spend as if we applied for it through regular channels? (https://creditcards.chase.com/credit...hire-preferred) If not, wouldn't I be better off canceling the Fairmont card now and applying separately for CSP?
#1864
A FlyerTalk Posting Legend
Join Date: Apr 2004
Location: GVA (Greater Vancouver Area)
Programs: DREAD Gold; UA 1.035MM; Bonvoy Au-197; PCC Elite+; CCC Elite+; MSC C-12; CWC Au-197; WoH Dis
Posts: 52,134
#1865
Join Date: May 2015
Location: LAX, BUR
Programs: AS,AA,JB, HH Gold, Starriott Titanium Elite, Hyatt Explorist, Global Entry
Posts: 1,933
#1866
Join Date: Aug 2015
Posts: 324
Hmmm. So I just applied for CSP and got a mail decision. Not sure if this has something to do with the Fairmont card stuff or the fact that I recently received a Hyatt card (not expecting Fairmont to go bye bye). I have excellent credit and have a high income. What happens if I get the letter stating they are converting my Fairmont to CSP in the meantime?
#1867
Join Date: Apr 2002
Posts: 2,946
Hmmm. So I just applied for CSP and got a mail decision. Not sure if this has something to do with the Fairmont card stuff or the fact that I recently received a Hyatt card (not expecting Fairmont to go bye bye). I have excellent credit and have a high income. What happens if I get the letter stating they are converting my Fairmont to CSP in the meantime?
#1868
Join Date: Apr 2002
Posts: 2,946
The only caveat is that I would call to make sure that you would be entitled to another certificate if you meet the August spending requirement.
#1869
Join Date: Mar 2004
Location: Atl
Posts: 253
Ok, so this is embarrassing but I cannot see anywhere on the Fairmont site how many Fairmont points I have. Where should i be looking?
Also-if we use free nights after card expires, do the dining certs still apply?
Thanks
Also-if we use free nights after card expires, do the dining certs still apply?
Thanks
#1870
Join Date: Jun 2012
Posts: 493
Then you can click on "Redeem Rewards" and you can play around with what you can get under the current program. Not all that impressive. Thinking I'm better off with Chase Ultimate Rewards since I have a Sapphire Reserve and can get 1.5X for this Fairmont points after the card exchange.
However, I'm still annoyed about them giving me a Sapphire Preferred, since I really wanted to get those 50K bonus points by applying myself.
Curious to see what happens if you just apply for the Sapphire Preferred separately.
Personally, I think this sucks.
#1871
Join Date: Dec 2012
Location: YVR, HNL
Programs: AS 75k, UA peon, BA Bronze, AC E50k, Marriott Plat, HH Diamond, Fairmont Plat (RIP)
Posts: 7,832
I'm going to have to call, I guess. I don't want the Preferred, at least not without the sign up bonus. And I don't have another UR card so I can't hold any UR points if they convert. This just blows.
#1872
Join Date: Dec 2012
Location: YVR, HNL
Programs: AS 75k, UA peon, BA Bronze, AC E50k, Marriott Plat, HH Diamond, Fairmont Plat (RIP)
Posts: 7,832
I'm going to have to call, I guess. I don't want the Preferred, at least not without the sign up bonus, which I had planned to get next year. And I don't have another UR card so I can't hold any UR points if they convert. This just blows.
#1873
Join Date: Mar 2004
Location: Atl
Posts: 253
You can downgrade to a Freedom card and use the UR points.
#1874
Join Date: Dec 2012
Location: YVR, HNL
Programs: AS 75k, UA peon, BA Bronze, AC E50k, Marriott Plat, HH Diamond, Fairmont Plat (RIP)
Posts: 7,832
I know little about the UR cards so I will have to do some serious reading today. From what you've said, I wonder if they will convert my Fairmont card to a Freedom instead of a CSP? I'm sure I'll miss out on a sign up bonus there as well but at least I won't lose the UR points.