Comments on: Credit Cards Cutting Reward Programs http://www.bankaholic.com/credit-cards-cutting-reward-programs-too/ Compare the Best CD (Certificate of Deposit) Rates, Highest Money Market Rates, Best Savings Accounts, Bank Deals, Interest Rates and Bank Reviews! Thu, 09 Feb 2012 15:54:17 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Peggy Miller http://www.bankaholic.com/credit-cards-cutting-reward-programs-too/comment-page-1/#comment-175503 Peggy Miller Mon, 02 Nov 2009 17:41:40 +0000 http://www.bankaholic.com/?p=4840#comment-175503 I've had the same with Chase. Fortunately I read the mail they sent to me in September notifying me that as of October 31, I would not get the $50 bonus for $200 in rewards. I put a lot of my daily purchases: drug store, groceries, etc on the card for my October billing. I was able to get my rewards up to $200 before the end of the month, then called them to cash it in and received the $50 bonus. They are also only paying the 3% rewards quarterly on revolving categories, instead of the top monthly purchases. Of course, they haven't told me what the categories they are for this quarter...... I’ve had the same with Chase. Fortunately I read the mail they sent to me in September notifying me that as of October 31, I would not get the $50 bonus for $200 in rewards. I put a lot of my daily purchases: drug store, groceries, etc on the card for my October billing. I was able to get my rewards up to $200 before the end of the month, then called them to cash it in and received the $50 bonus. They are also only paying the 3% rewards quarterly on revolving categories, instead of the top monthly purchases. Of course, they haven’t told me what the categories they are for this quarter……

]]> By: mark http://www.bankaholic.com/credit-cards-cutting-reward-programs-too/comment-page-1/#comment-175348 mark Wed, 28 Oct 2009 05:00:03 +0000 http://www.bankaholic.com/?p=4840#comment-175348 Chase Freedom Visa is doing the same song & dance by eliminating the $250 bonus on $200 in earned rewards (extra $50) which was the absolute best return ever. Then, as of Oct. 2009 they scrapped the dollar rewards for a complicated and misleading point system (get out your slide rule & calculator...) that actually works out to just 1% cash back, after all is said and done. Unfortunately, they have gone from the best to the worst in the 4-5 years they've been marketing that card. Confusion is what they are hoping for, and I refuse to participate. Going to Amex/Fidelity Rewards where the return is a flat 2% on everything with no limits or restrictions. It is simple, straight forward and clear. Do not encourage dishonesty. Vote with your spending choices. Avoid Chase Freedom Visa's game of mis-direction. Chase Freedom Visa is doing the same song & dance by eliminating the $250 bonus on $200 in earned rewards (extra $50) which was the absolute best return ever.
Then, as of Oct. 2009 they scrapped the dollar rewards for a complicated and misleading point system (get out your slide rule & calculator…) that actually works out to just 1% cash back, after all is said and done.
Unfortunately, they have gone from the best to the worst in the 4-5 years they’ve been marketing that card.
Confusion is what they are hoping for, and I refuse to participate.
Going to Amex/Fidelity Rewards where the return is a flat 2% on everything with no limits or restrictions.
It is simple, straight forward and clear.

Do not encourage dishonesty.
Vote with your spending choices.
Avoid Chase Freedom Visa’s game of mis-direction.

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