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Chase is bad with math =)

Established Contributor

Chase is bad with math =)

Get 20% off travel redemptions—with no restrictions or blackout dates—when booked through Ultimate Rewards. For example, 50,000 points is worth $625 in travel rewards.

 

 

Anyone ever notice this? places online state 20% or 25% travel bonus. but this is from Chase.com directly. 

 

they state 20% but 50,000 x 1.25 = $625  20% would only equal $600

 

Also they got pictures stating 20% more for travel! that's $1934 in travel on my rewards page, yet that's really 25% more not 20%

 

and here I thought banks were smarter than that Smiley Wink


total credit limits $108,400 Credit scores Ex 728 EQ 738 TU 758
11 REPLIES
Frequent Contributor

Re: Chase is bad with math =)

The savings on a $625 purchase is 20% ( 20% of 625 is $125). It depends on how you want to spin it.

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Valued Contributor

Re: Chase is bad with math =)

I'm still not getting my extra 10% bonus points for being a Chase checking customer. I'll have to call them up again and see what the deal is. Last time they had to go back and credit my rewards balance.

As of 2017, rebuilding...
Established Contributor

Re: Chase is bad with math =)

depends how you are reading it. a 20% discount is the same as a 25% bonus-inverse relationship

UR mall is is a 20% discount on travel with CSP. IE what normally cost 500, subtract 20%, which is 100, costs 400.

Inversely, you have 400 points, add 25%, which is 100, and that equals 500.

 

So they can say either 1) save 20% on travel booked through Ultimate Rewards or 2) 40,000 points(worth 500 dollars towards travel-IE 25% bonus) and both are correct statements.

EQ-736(08/14) TU-752(09/14)
Newest to Oldest
Barc Sallie Mae 6K | Citi TY Pref 4.5K | US Bank Cash+ 10K | Chase Freedom 11.7K | Disc It 10.5K | Amazon Store 2.5K | BOA Cash Rewards 10.5K |

Closed Cards: 4 Oldest: 3yrs AAOA: 2yrs
Established Contributor

Re: Chase is bad with math =)


maiden_girl wrote:

I'm still not getting my extra 10% bonus points for being a Chase checking customer. I'll have to call them up again and see what the deal is. Last time they had to go back and credit my rewards balance.


When I go into your Freedom account, under Rewards, there is a Rewards Program Details link I can click and it'll bring me to the detail for the 10 & 10 program that states

 

"As a Chase Checking customer, you get even more exclusive benefits.

  • Earn 10% extra pointson every $1 you spend
  • Plus 10 bonus points on every purchase"

I'd check if you have this.

AMEX: $0/$25,000, CSP: $0/$6500, Chase Priority Club: $0/$3500, Freedom: $0/$6000, Barclays NFL: $0/$7000 Discover: $0/$14,000, Citi Dividend: $0/$3500

EQ FICO - 728
TU FICO - 743
EX FICO(AMEX) - 712
Valued Contributor

Re: Chase is bad with math =)


maiden_girl wrote:

I'm still not getting my extra 10% bonus points for being a Chase checking customer. I'll have to call them up again and see what the deal is. Last time they had to go back and credit my rewards balance.


Did you get both your Freedom card and Chase checking account before they discontinued the old 10 & 10 program?

TU FICO: 800 (2/1/14) | CK Score: 802 (2/1/14) | CS Score: 805 (2/1/14)

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Valued Contributor

Re: Chase is bad with math =)

Is there anyway to get an itemized list by transaction of reward pts earned?


Starting Score: EQ 551 TU 548 CK 607on 6/8/12, EX 542(AMEX pull 3/4/12)
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Valued Contributor

Re: Chase is bad with math =)


Duncanrr wrote:
Is there anyway to get an itemized list by transaction of reward pts earned?

Not that I'm aware of. Just the monthly statements from Ultimate Rewards. They itemize how the points are earned, but the transactions are aggregated.

TU FICO: 800 (2/1/14) | CK Score: 802 (2/1/14) | CS Score: 805 (2/1/14)

J.P. Morgan Palladium ($250k) | AmEx Platinum (NPSL) | AmEx SPG Personal/Business ($50k/$50k) | Citi Executive AAdvantage WEMC ($50k) | Citi Dividend WEMC ($50k) | Chase Sapphire Preferred VS ($50k) | Chase Ink Bold WEMC ($50k Flex) | Chase Ink Plus WEMC ($25k) | Chase Freedom VS ($25k) | Chase Freedom WMC ($25k) | Chase MileagePlus Explorer ($25k) | Chase Southwest RR Plus Business/Personal ($15k/$15k) | Barclays US Airways ($25k) | Barclays Hawaiian Airlines ($25k) | BofA Alaska Airlines ($10k) | Lexus Financial Services ($30k) | Mercedes-Benz Financial Services ($50k)
Established Contributor

Re: Chase is bad with math =)


bribro wrote:

Duncanrr wrote:
Is there anyway to get an itemized list by transaction of reward pts earned?

Not that I'm aware of. Just the monthly statements from Ultimate Rewards. They itemize how the points are earned, but the transactions are aggregated.


Thats what my impression is also. Really bad system in my opinion

AMEX: $0/$25,000, CSP: $0/$6500, Chase Priority Club: $0/$3500, Freedom: $0/$6000, Barclays NFL: $0/$7000 Discover: $0/$14,000, Citi Dividend: $0/$3500

EQ FICO - 728
TU FICO - 743
EX FICO(AMEX) - 712
Valued Contributor

Re: Chase is bad with math =)


SwiftTone wrote:

bribro wrote:

Duncanrr wrote:
Is there anyway to get an itemized list by transaction of reward pts earned?

Not that I'm aware of. Just the monthly statements from Ultimate Rewards. They itemize how the points are earned, but the transactions are aggregated.


Thats what my impression is also. Really bad system in my opinion


What would be nice would be if that put the merchant categorization next to each transaction in your activity/transaction log, like AmEx does. I can usually figure out if something is amiss with my points, but it involves creating a spreadsheet and manually going through things.

TU FICO: 800 (2/1/14) | CK Score: 802 (2/1/14) | CS Score: 805 (2/1/14)

J.P. Morgan Palladium ($250k) | AmEx Platinum (NPSL) | AmEx SPG Personal/Business ($50k/$50k) | Citi Executive AAdvantage WEMC ($50k) | Citi Dividend WEMC ($50k) | Chase Sapphire Preferred VS ($50k) | Chase Ink Bold WEMC ($50k Flex) | Chase Ink Plus WEMC ($25k) | Chase Freedom VS ($25k) | Chase Freedom WMC ($25k) | Chase MileagePlus Explorer ($25k) | Chase Southwest RR Plus Business/Personal ($15k/$15k) | Barclays US Airways ($25k) | Barclays Hawaiian Airlines ($25k) | BofA Alaska Airlines ($10k) | Lexus Financial Services ($30k) | Mercedes-Benz Financial Services ($50k)