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Contributor
Posts: 98
Registered: ‎03-21-2007
0

Is a Chase CC good?

Any opinions?  I have a BT offer that may be good, but I wanted to hear from you folks before I spend the time to analyze it.

Established Contributor
Posts: 618
Registered: ‎09-16-2008
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Re: Is a Chase CC good?

I love my Chase Freedom cards!  Highest limits, best rewards!  Only downside is the hard inquiry every time you want a CLI.  Chase Toys R Us card has a $30K limit after just over a year and I just took a BT offer of 3.99% for the life of balance (apparently that's about 2 years, but still very good!) to pay off my 9.24% Chase Auto Loan.
Wife's FICO Scores, 7/10/09: TU:??? EQ:634 EX: ???
Wife's FICO Scores, 2/13/09: TU:??? EQ:604 EX: 630
Wife's FICO Scores, 2/05/09: TU:??? EQ:592 EX: 630
My FICO Scores, 6/19/09: TU:757 EQ:744 EX:758 (all from MB; EQ Agrees)
My FICO Scores, 3/29/09: TU:755 EQ:746 EX: ???
My FICO Scores, 2/05/09: TU:??? EQ:730 EX: 720
Senior Contributor
Posts: 3,279
Registered: ‎08-03-2007
0

Re: Is a Chase CC good?


Mike14 wrote:
I love my Chase Freedom cards!  Highest limits, best rewards!  Only downside is the hard inquiry every time you want a CLI

 

I agree completely. However, there has been a little bit of rumblings on the forum recently about them restructuring the rewards program, so you might want to look into that. 

Here we go again...
Super Contributor
Posts: 8,173
Registered: ‎03-25-2007

Re: Is a Chase CC good?

Depends what you mean by good!

 

National card, prime, so good from that point of view.  Good CS as far as I am concerned.

 

If you want rewards, then it is a matter of what card gives you most of what you want.

The slide from grace is really more like gliding
And I've found the trick is not to stop the sliding
But to find a graceful way of staying slid
Established Contributor
Posts: 618
Registered: ‎09-16-2008
0

Re: Is a Chase CC good?


FretlessMayhem wrote:

Mike14 wrote:
I love my Chase Freedom cards!  Highest limits, best rewards!  Only downside is the hard inquiry every time you want a CLI

 

I agree completely. However, there has been a little bit of rumblings on the forum recently about them restructuring the rewards program, so you might want to look into that. 


 

 

Good point, the rewards for new accounts are being changed to be more like the Discover More card (bonus cash back in different quartlerly categories) instead of in the top 3 of 15 categories.  That's what makes them so good:  I have one Freedom card that I use for gas, groceries, and drugstores, getting 3% back on everything in that card, and another for everything else, getting 3% back on the 3 highest categories and 1% back on everything else!

 

There is also talk about Chase changing the minimum payment due to 5% and charging a $10 monthly charge, but this, it seems, will not be affecting me. 

Wife's FICO Scores, 7/10/09: TU:??? EQ:634 EX: ???
Wife's FICO Scores, 2/13/09: TU:??? EQ:604 EX: 630
Wife's FICO Scores, 2/05/09: TU:??? EQ:592 EX: 630
My FICO Scores, 6/19/09: TU:757 EQ:744 EX:758 (all from MB; EQ Agrees)
My FICO Scores, 3/29/09: TU:755 EQ:746 EX: ???
My FICO Scores, 2/05/09: TU:??? EQ:730 EX: 720
Valued Contributor
Posts: 1,754
Registered: ‎11-03-2007

Re: Is a Chase CC good?

The main disadvantage of Chace CC, IMHO, is Chase's eagerness to pull hard for CLI.
IN VINO VERITAS.
Senior Contributor
Posts: 3,635
Registered: ‎01-10-2008
0

Re: Is a Chase CC good?

i thought i had also seen some recent discussion about Chase inventing a monthly account maintenance fee on some of their accounts.
FICOS:
06/13 EX 765 (PSECU) EQ 771 (DCU) TU 779 (Barclays)
Contributor
Posts: 98
Registered: ‎03-21-2007
0

Re: Is a Chase CC good?

Hmmm, maybe I'll pass then.  I'm not really buying much - i'm trying to paydown.  It may not be worth it if they've added fees.
Established Contributor
Posts: 721
Registered: ‎03-15-2008

Re: Is a Chase CC good?

Those fees are not universal and appear to be only on a select set of cards.  So I wouldn't make that the only reason I declined a good BT offer to paydown some debt. 

 

My Chase Platinum has helped me over the last 13 months by being 0% on my BT's and purchases, I will be sad in February when that 0% goes away.

4/16/09: TU: 775, EQ: 805
2/11/09: TU: 773, EQ: 790, EX:790
11/16/08: TU: 773, EQ: 785, EX: 780
Goals for 2009: 0 Credit Card Debt & 0% Util (achieved 2/6/09), Mortgage! (achieved 11/2/09), getting closer to 800 scores (I crossed this earlier this year, but I'm sure I'm not there anymore!)
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