Seems to me that the OP jumped to a conclusion and there's no major issues here.

Despite the in-depth research of Happy, and what others think, here in Ga. the rules have changed...here is some documentation and a disclaimer from chase website "Products and services described as well as associated fees, charges, interest rates and balance requirements may differ among different geographic locations. Not all products and services are offered at all locations."
so maybe in your state its different, but here in Ga. what my bankers told me is correct... I also dug up the PDF off of Chase's site, just to prove I haven't jumped to conclusions or hallucinated these changes...notice in the detailed requirements that 5 swipes of a debit card is no longer mentioned anywhere.....if this is happening in Ga., it's just a matter of time before they spread the new requirements and fees to the rest of the country. (just a prediction)

these are the new fees and requirements as of 2/6/2011 in GA.
https://apply.chase.com/oao/Disclosu...NGX0VORy5mZGY=

I also found info on the Business accounts in my zip 30041
https://www.chase.com/index.jsp?pg_n...nessselect_nib
notice that there is a way to keep it free without 5k balance, by linking it to a qualifying personal account, but the personal accounts are changing names and are new types that just started being offered...once again, nowhere does it mention 5 swipes as a way to remain fee free.
You are smart to call and check with your banker, and things may remain the same for your accounts (for the time being). I did not jump to conclusions or get bad info from my bankers....I would have rather kept the accounts open, because they never minded coin deposits, and they are the closest bank to my house.

Personally, I wouldn't be concerned unless the bank has given notice of changes. Banks cannot make changes without notifying the account holder, expecially when it concerns fees. If you haven't received notice, you aren't going to get terms of a new contract effected before the bank even brings it to your knowledge.

Dear docr775,

Thank you for contacting Chase.

We understand your concern regarding your rewards account.

Please be advised that as of February 6, 2011, Chase will
no longer offer Ultimate Rewards, RealCash, United,
Continental, or Disney rewards debit cards. However, this
does not impact existing debit reward card holders. You
will continue to earn rewards as usual.

In addition, Ultimate Rewards, RealCash, Disney,
Continental, and United customers will continue to earn
rewards until July 2011.

As of this time, we do not have an exact date, however,
you will be receiving a communication letter regarding
additional updates on our rewards program.

We hope that the above information has been helpful. We
value you as a customer and wish for your experience with
Chase to be one of satisfaction and ease.

If you require further assistance, please e-mail us via
the Secure Message Center or contact Chase By Phone at
1-800-935-9935.

Thank you,


Gina Jane M Saquing
Internet Service Center

want to get rid of my co pref. debit. what's the best way to cancel a chase checking? there is no chase in my area.

Online w/Secure Message. Send a message. You'll get a check in the mail if you have a balance.

Thank you, Phil.

just went on contienental site to check something under credit/debit and now chase will no longer give miles on debit cards

important information about changes to the Chase Continental Airlines� Debit Card program

Congress recently enacted a new law known as the Durbin Amendment that significantly impacts debit cards. As a result of this law, Chase will be changing the Chase Continental Airlines Debit Card program.

After July 12, 2011, cardholders will no longer earn Continental OnePass� miles when using the Chase Continental Airlines Debit Card. All OnePass miles you earn with your debit card until July 12, 2011 will be automatically deposited directly into your Continental OnePass account.

If you have questions about changes to the Chase Continental Airlines Debit Card program, please stop by any Chase branch or call us at 1-877-611-3062.


I actually like using the card for their shopping portal, crap guess 50000 sign up bonus here I come

Very dissapointed in Chase. Had this card for 3 years now, it is a good way to accrue miles for people with not so hot credit. They blame the gov't yet there is a yearly fee for the card to begin with.

The annual fee is irrelevant. Have you not seen anything in the news about what the new interchange price-control would do to bank's revenue?? Try googling debit card interchange fees. For even a relatively small bank like TCF, they would lose up to $89M of the total $104M in interchange revenue it earned in 2010! That's an 86% decline! So since the brilliant Congress passed this law, then yes, Chase is correct to "blame the gov't."

This might explain why:

JPMorgan reportedly weighs $50 debit card cap
By CNN
Posted today at 10:49 a.m.

Your debit card may soon be denied for purchases greater than $100 � or even as little as $50.

JPMorgan Chase, one of the nation�s largest banks, is considering capping debit card transactions at $50 or $100, according to a source with knowledge of the proposal.

Why? Because of interchange fees.
Right now, every time you swipe your debit card, your bank charges the retailer an average of 44 cents, which it shares with its partners. Those fees, however, add up to about $16 billion per year, according to 2009 data from the Federal Reserve.

But as part of the Wall Street reform passed last year, these fees are being slashed. The Fed is proposing rules that would cap interchange fees at 12 cents, starting in July.

That could cost Chase more than $1 billion a year. And Chase may not be alone. Other major issuers are also projecting huge losses from the interchange fee cap.

Joe Price, president of consumer banking for Bank of America, said in an e-mailed statement that the lower fee wouldn�t fairly compensate the bank for the infrastructure and services it provides to retailers.

And consumers would feel the pain when Bank of America is forced to recoup the difference by �increasing the cost of their everyday debit card transactions, limiting their payment choices and impacting industry innovation,� according to the e-mail.

Aside from considering a limit on transaction amounts, Chase is testing $3 monthly fees on debit cards and $15 fees on checking accounts in certain states. Additionally, the bank announced in November that it has stopped issuing debit rewards cards.

A Chase spokesman declined comment on this story.

The revenue banks get from interchange fees helps offset money lost from fraudulent transactions. So banks argue they won�t have the money to protect themselves against fraud with the Fed�s proposed cap in place.

�If banks cannot recapture their fraud-prevention costs, it is likely that a lower percentage of transactions at the point of sale would be approved,� Price said. �If the final rules that are issued in April look like the draft, there�s no question that it will impact how we and other issuers price deposit and payment services and what features and benefits are included.�

But a Bank of America spokesman declined to comment on whether the bank would cap debit card purchases at $50 or $100.

Representatives from Wells Fargo and HSBC declined to comment on their plans, while a spokeswoman from Citi said the bank isn�t making any changes at this time.

If a cap does make its way into accounts, consumers would be forced to write checks, withdraw cash from ATMs or put their spending on credit cards.

�The whole model on the debit card side is in flux because of Dodd-Frank,� said Brian Riley, senior research director at financial services consulting firm TowerGroup. �The unfortunate thing is that the people who will really get hurt on this are the people who need the most help.�

Many consumers with bad credit can�t qualify for credit cards � and when they do, it�s often with hefty rates and fees. Additionally, ATMs typically dole out only a limited amount of money at a time and checking accounts are being loaded with fees.

Yesterday, my nephew (born in Russia) commented about the banking industry in this county. He probably was speaking for many Russians who have, as he, emigrated to USA and, maybe more than natives, really notice some things different about this country from theirs.

"In Russia, the country owns the banks, in USA, the banks own the country."

(I laughed)

Chase has been a complete disappointment to me as compared to Wamu. Lost deposits, holds on semi-significant deposits that they even admitted to holding for a overly-prolonged period (and a complaint that they back-dated the funds available date to cover the error, subsequent responses from them addressing every issue BUT the one in the complaint), local branch that states a lost check may have been lost because I endorsed it with a red pen (true story).... just customer unfriendly all around....


...and a reminder that they will not close your account until all funds are transferred out and that takes a few days, plan ahead to avoid fees. I did it over the phone (on a Sunday) without issue, except the delay. Quick and easy.

Is Chase going to refund or partially refund the annual fee for the CO debit cards if they will stop earning miles in July?

I spoke to a Chase CSR this past week and she said that the annual fee will be prorated in July. She was a supervisor, so I am assuming what she told me was correct.

My anniversary is in 40 days, so plan to close my account before then.