Reply
Blogger
FrugalRican
Posts: 2,876
Registered: ‎02-02-2012
0

Is Chase Freedom worth it in 2014?

Yes, 2014.

 

With all the talk of the 10-10 being "discontinued" by the end of 2013, I have been deliberating between applying for the CSP or not.

I'll be traveling a lot more starting after this summer. I currently possess a Chase Freedom 10-10 and a Chase Hyatt VISA. Right now it makes 0 sense for me to spend on the Hyatt card because it'd take me forever to even get a free room. Yet, with the Freedom, I could get a Cat 1 room in less than 2 months, IF I had a CSP to go with it.

 

Yet, I don't want to just apply for the CSP only to reap the benefits for 9 months of taking advantage of the UR transfer.

 

Will the 10-10 program be gone altogether, or will some other iteration of it still exist after 2013?

I just don't want my Freedom to turn into my Discover card, where I simply use it for the 5% Categories and nothing else.

Follow my financial journey: http://www.frugalrican.com


EQ FICO (01/16/2012): 656 - EQ FICO (02/16/2012): 743 - EQ (02/24/2012): 760 - EX (04/28/2012): 739 - GOAL 2013: 800+

AMEX BCE (0/10K) --- BOA 1-2-3 (0/15.9K) --- Discover More (0/6K) --- Chase Freedom Visa (0/1.4K) -- Hyatt Visa Sign. (0/5.8K) -- Barclay's NFL Card (0/7.5K) -- Chase Sapphire Preferred (0/5K)

Established Contributor
FutureBillionaire
Posts: 644
Registered: ‎12-12-2012
0

Re: Is Chase Freedom worth it in 2014?


FrugalRican wrote:

Yes, 2014.

 

With all the talk of the 10-10 being "discontinued" by the end of 2013, I have been deliberating between applying for the CSP or not.

I'll be traveling a lot more starting after this summer. I currently possess a Chase Freedom 10-10 and a Chase Hyatt VISA. Right now it makes 0 sense for me to spend on the Hyatt card because it'd take me forever to even get a free room. Yet, with the Freedom, I could get a Cat 1 room in less than 2 months, IF I had a CSP to go with it.

 

Yet, I don't want to just apply for the CSP only to reap the benefits for 9 months of taking advantage of the UR transfer.

 

Will the 10-10 program be gone altogether, or will some other iteration of it still exist after 2013?

I just don't want my Freedom to turn into my Discover card, where I simply use it for the 5% Categories and nothing else.


They have a pretty good rewards mall, so it isn't a total loss.  It's still a great combination and better than using the Freedom solo. 

Gas: Discover It, Penfed Platinum Rewards x2, Chase freedom, Citi TYP
Plane tickets: CSP
Groceries: AMEX BCP, Penfed Platinum Rewards,Citi TYP
Clothes: Express, Amex BCP, Discover IT
Amazon: Citi Forward, Cash +
Restaurants: Citi Forward, Chase Freedom, Discover IT, CSP
Hotels and other travel: Discover Escape, CSP
Movies: BofA travel rewards visa signature(fandango), Discover IT, Citi Forward, Freedom
Bars, clubs, tomfoolery: CSP, Citi Forward, Discover IT, Freedom
Balance transfers: Kroger 123 rewards
Bill Pay: Chase Ink Plus, Citi Forward,
Everyday spending: Bofa Accelerated cash rewards amex, Discover Escape
Valued Contributor
bribro
Posts: 1,367
Registered: ‎04-20-2012
0

Re: Is Chase Freedom worth it in 2014?

Even if/when the 10 points per swipe bonus goes away, Freedom will likely remain my everyday spending card. It will still earn 1.1% (with the Chase Exclusives bonus) and with transferring to United or Hyatt, I'll be getting at least 3% in value. The 5% bonus categories will of course continue to be valuable. The loss of the 10 points will change my behavior slightly though: any dining or travel expense will go on my CSP, whereas right now dining and travel expenses have to be >$10 to go on CSP.

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
searchingfor67
Posts: 668
Registered: ‎08-02-2011
0

Re: Is Chase Freedom worth it in 2014?

The UR mall + 5% categories + 10% annual dividends will still make Chase Freedom a very attractive card. As Bribro previously mentioned, it will remain my everyday card as well.
TU FICO: 772 (Discover) • Exp FICO: 772 (Citi)

Amex BCP $13K | Amex Costco TE $10.4K | Amex SPG $10.1K | Chase Freedom Visa Signature $15K | Chase Sapphire Preferred Visa Signature $15K | Chase Ink Plus World Elite MC $5K | Citi TY Preferred World MC $10.1K | Citi Forward $10K | Discover IT $9K | JP Morgan Chase Select Visa Signature $9.2K | NFCU Flagship Visa Signature $25K | NFCU LOC $15K | NFL Visa Signature (Saints) $8.1K | USAA Amex $10K | USAA World MC $9K
Established Contributor
distantarray
Posts: 2,112
Registered: ‎09-25-2011
0

Re: Is Chase Freedom worth it in 2014?

10% will always remain +10 is going away it seems but few got grandfathered in for a while, but regardless since 5% for Chase is always 

 

Chase > Discover  since Discover is just cash back, and Chase points are MUCH more valuable since it has the flexibility that Discover doesn't have. For my purposes

 

Chase Freedom is like a 25% cash back category since each point gets me 4 cent redemption every year flying United from Tampa to Asia. (65k = $2,800 ticket high season) 4.3 cents per point in this case.


total credit limits $108,400 Credit scores Ex 728 EQ 738 TU 758
Blogger
FrugalRican
Posts: 2,876
Registered: ‎02-02-2012
0

Re: Is Chase Freedom worth it in 2014?

Thanks guys. I still think the Freedom ---> CSP ---> Hyatt might still be worth it.

I'd have to spend about $2,500 in dining to even get a category 1 hotel for one night.

For much less in overall spending, I could do the same, that's why I ask. I'm still thinking about going and applying at a branch.

Follow my financial journey: http://www.frugalrican.com


EQ FICO (01/16/2012): 656 - EQ FICO (02/16/2012): 743 - EQ (02/24/2012): 760 - EX (04/28/2012): 739 - GOAL 2013: 800+

AMEX BCE (0/10K) --- BOA 1-2-3 (0/15.9K) --- Discover More (0/6K) --- Chase Freedom Visa (0/1.4K) -- Hyatt Visa Sign. (0/5.8K) -- Barclay's NFL Card (0/7.5K) -- Chase Sapphire Preferred (0/5K)


myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.

>> About myFICO
FICO Score - The Score that matters
Click to Verify - This site chose VeriSign SSL for secure e-commerce and confidential communications.
Fair Isaac Corporation is a BBB Accredited Financial Service in San Rafael, CA
FOLLOW US Social Media Facebook Twitter Pinterest Google+
}