Reply
Established Contributor
Posts: 540
Registered: ‎06-07-2008
0

Chase: switching rewards type.

I have a chase freedom card that rewards me with 3X points on top 3 category. I saw the option that I can switch the rewards type from points to cash.

 

My questions is, will there be an inq for switching the rewards type? 

Will the existing points be converted to cash rewards?

 

Thanks in advance. 

-void
Valued Contributor
Posts: 2,205
Registered: ‎12-06-2007
0

Re: Chase: switching rewards type.

Since you are not requesting additional credit, I don't see why they would do an inquiry. I spoke with a CSR about the rewards being switched, many months ago and he said it was simple to do. The points would convert to the cash equivalent.

 

I have seen the button to ask to switch although I have not used it myself. I suppose you could call and speak with someone to be sure.

Valued Contributor
Posts: 1,126
Registered: ‎03-25-2008
0

Re: Chase: switching rewards type.

If I remember correctly it is an easy switch but not a 1 cent per point switch. Its been awhile since I looked into the Freedom card though.

 

Goodluck!

Established Contributor
Posts: 540
Registered: ‎06-07-2008
0

Re: Chase: switching rewards type.


stef37 wrote:

Since you are not requesting additional credit, I don't see why they would do an inquiry. I spoke with a CSR about the rewards being switched, many months ago and he said it was simple to do. The points would convert to the cash equivalent.

 

I have seen the button to ask to switch although I have not used it myself. I suppose you could call and speak with someone to be sure.


 

Swtiched from points to cash.  No problem should get a confirmation letter about the swtich soon. 

-void
Senior Contributor
Posts: 3,017
Registered: ‎06-03-2008
0

Re: Chase: switching rewards type.

I have also seen the button to switch on their website. I'm already at cash and have no intention of switching, but for others that may be interested, it looks pretty easy.

 

Glad you were able to get your rewards converted easily, voidman.

Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
† Credit cards for FICO Score ranges: The score ranges are guidelines based on actual applicant approvals and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.