FlyerTalk Forums - 21,000 onepass for checking account

FlyerTalk Forums (https://www.flyertalk.com/forum/index.php)

- MilesBuzz (https://www.flyertalk.com/forum/milesbuzz-370/)

- - 21,000 onepass for checking account (https://www.flyertalk.com/forum/milesbuzz/907024-21-000-onepass-checking-account.html)

Hi, I signed up for the personal checking account about 2 1/2 months ago. Received 10K and 12.5K last month, but still haven't seen the last 2.5K bonus. How long does it usually take for the last part of the miles to post? Should I call in and check? Thx

How do I go about cancelling the account? Phone, in person, email?

Quote:

Originally Posted by Mintman10 (Post 15462447)

How do I go about cancelling the account? Phone, in person, email?

Phone works fine for both business and personal.

I think Chase probably won't extend this offer into 2011 due to the fact that Chase is moving away from rewards debit cards.

1. I no longer see a "Upgrade debit card" in chase.com's "Customer Service" section. It used to be there and you can upgrade your debit card to UA/CO, etc Miles/Cashback card.

2. When you open a personal or business checking account now, it seems you can't pick the UA/CO, etc rewards debit card directly, you'll just get the plain Chase Debit card. Then you have to call or let banker help you to upgrade.

Unless Chase still has huge amount of CO miles, I'm wondering why Chase is pushing the CO credit card so hard suddenly?

can open only Personal, or Biz checking

In Nov 2009 I opened up a personal and business account. Got 25k for each. Canceled the accounts 6 months ago.

In Nov2010, I opened a personal, and I should be on my way to another 25k. I went to a branch today with a completely different coupon- not using the same coupon used for the personal account- and the Chase banker's system is saying only one per customer and that I have already used a coupon to open an account. Now, it does say one per customer in the T/C but I thought maybe personally, I am a customer (with my SSN) and my business (with its EIN) would be different customer.

Has anyone had this issue come up and been able to work around it?

(I do not have the coupon from Nov2009 to see if the T/C are different and more explicit about this 'one per customer' point.)

Quote:

Originally Posted by detony (Post 15463436)

In Nov2010, I opened a personal, and I should be on my way to another 25k. I went to a branch today with a completely different coupon- not using the same coupon used for the personal account- and the Chase banker's system is saying only one per customer and that I have already used a coupon to open an account. Now, it does say one per customer in the T/C but I thought maybe personally, I am a customer (with my SSN) and my business (with its EIN) would be different customer.

Has anyone had this issue come up and been able to work around it?

Assume you opened a "personal" checking in November. Were you trying to open a "personal" or Business checking with the EIN and, if it was a Business checking, was the coupon good for the Business account?

The coupon I used for the personal account was obtained by clicking the 'personal' account button on Chase's website (the links are in this thread). The business coupon was a coupon specifically for a Chase business account.

The coupons are specific to the type of account I was opening. It seemed that the business account I was trying to open, still required my SSN, even though we all knew I was trying to open a business account, and maybe that is what trips up the system.

I might just try another branch. The person I was working with seemed a little new.

I did get both personal and business. Applied about a week apart. Personal was credit for the 10K and 12.5K within 30 days but the extra 2500 didn't post for another 3-4 weeks. I think they do a run on that once a month.

The business took longer and a few emails calls because the person that helped me with the business account did not do the back office paper work correctly. Her VP/Mgr got it straightened out. The wierd thing was the 2500 on that account posted first and then the 10K and 12.5K posted after.

It just seems that all my acquisition of miles lately has involved a lot of followup. Very annoying.

Cheers

Quote:

Originally Posted by detony (Post 15463761)

There are 2 series of courpons identified by the first 7 or 10 digits. Go back about 2 to 3 months on this thread to find the details of this - you need to get a coupon that starts with a DIFFERENT first serial digits in order to be able to do it again.

Chase has apparently explicitly said that they're going to discontinue rewards debit cards in February. I expect this round to be the last for this gravy train.

Quote:

Originally Posted by MrPink (Post 15468717)

Chase has apparently explicitly said that they're going to discontinue rewards debit cards in February. I expect this round to be the last for this gravy train.

Yeah, especially if the new Fed proposal goes through. There's no way in hell that they're going to offer 50k.

Quote:

Originally Posted by abcx (Post 15470259)

Yeah, especially if the new Fed proposal goes through. There's no way in hell that they're going to offer 50k.

Got a link that doesn't require registration?

Quote:

Originally Posted by ArizonaGuy (Post 15470496)

Got a link that doesn't require registration?

The gist of it is, the transaction fee on debit card transaction is limited up to 12 cents per transaction.

EU already eliminates transaction fee on debit cards effective 2011.

Go to Yahoo Finance, plug in MA (for Mastercard) or V (for Visa) to get a quote - the news items are listed below the quote. You can see how MA and V fell big yesterday the moment this proposal was announced by looking at the Interactive 5-day chart.

Come to think about it, the transaction fee is a convenience fee because you are using your own money anyway... Instead of getting cash out from your bank account then go buy stuff with that cash, you are now letting the merchants directly deduct the purchases from your bank account - a convenience to you, but not to the merchant, yet the merchant is charged a transaction fee which the merchant would pass back to you in the form of cost calculation on items sold...

Quote:

Originally Posted by ArizonaGuy (Post 15470496)

Got a link that doesn't require registration?

I thought 5 articles a month were free for non-subscribers but here you go:

Quote:

Originally Posted by FT

Card fee cut hits Visa and MasterCard

By Suzanne Kapner in New York

Published: December 17 2010 01:25 | Last updated: December 17 2010 01:25

Visa and MasterCard shares plunged after the Federal Reserve proposed rules to eliminate billions of dollars in debit card fees.

The new rules, which could still change before they are finalised early next year, are a huge win for large retailers like Walmart and Target, but represent a significant setback for card-issuing banks such as JPMorgan and Bank of America, as well as for Visa and MasterCard, which operate the debit card networks.

The fees are fixed by Visa and MasterCard and paid by merchants to card-issuing banks to cover the cost of processing transactions.

Under the first of two proposals, card issuers would be required to charge merchants no more than their actual costs, which the Fed estimates at 7 cents a transaction. The second proposal would cap the fees at 12 cents a transaction.

That is far less than the 63 cents a transaction that issuers currently charge retailers and represents a reduction in debt-card fees of roughly $10bn, or more than 80 per cent, according to the Merchants Payment Coalition.

“Today’s draft rule from the Federal Reserve makes it clear that big bank interchange rules overcharge businesses and consumers,” said Senator Dick Durbin, who authored an amendment to the Dodd-Frank Wall Street reform act that required the Fed to write new rules capping the fees.

“The changes we had to enforce by law in the US are being voluntarily implemented by mega-banks and card giants in Europe and other countries,” Mr Durbin added.

The European Commission has reached deals with MasterCard and Visa Europe to reduce interchange fees to 0.2 per cent on cross-border debit card transactions in Europe.

The Fed proposal may also loosen the grip of Visa and MasterCard on the debit market by requiring that all cards use at least two networks.

Visa and MasterCard on Thursday fell 12.7 per cent and 10.3 per cent, respectively, “due to interchange being lowered more than expected”, Adam Frisch, of Morgan Stanley, wrote in a note to clients.

Mr Frisch estimated that the fee restrictions will reduce 2012 earnings for Bank of America by 4 cents a share and JPMorgan by 6 cents a share.

Banks said any attempt to set rates would lead to higher costs for consumers. Analysts expect banks to react to the new rules by eliminating other services such as reward programmes.

“The rules proposed by the Federal Reserve today will have a dramatic impact on the cost of banking services for consumers nationwide,” said Edward Yingling, chief executive of the American Bankers Association.

Visa said, “Visa also has concerns that the Federal Reserve’s proposal includes artificial caps on debit interchange that do not realistically reflect the value of card acceptance and do not reflect the actual costs of running a secure, reliable and efficient debit network.”

Quote:

Originally Posted by glu800 (Post 15462419)

I signed up for the account in late October, got the 22.5K in November, and just noticed that my CO account has been credited the final 2.5K.. It should be any day now..