No EMV on Chase Sapphire Preferred MasterCard?

[Sevenfeet]

I asked Chase about this today.  It's confirmed that all Chase branded Mastercards (Freedom, Sapphires, Slates, etc) will be moving to Visa cards by early next year due to an "expanded arrangement with Visa".  So there is no reason for you to turn down the EMV-chipped Visa card since you'll be swapped to a Visa card anyway in the next few months.

For me, the Chase Freedom I have is one of the rare Mastercard versions (upgraded from a Slate card that was Mastercard years ago).  When Chase transitions me, that will leave my BofA Cash Rewards as the sole Mastercard in my wallet (3 personal Amex, soon to be 5 Visas and 1 Discover).

[GeneralCucumbre]

I actually called Chase today as well and spoke with a nice gentlemen who told me that Chase is indeed looking at converting all Chase-branded cards (not partner cards like United, GM, etc.) to Visa to keep all of them "streamlined" as, he put it, in terms of benefits, better service, etc. for their customers.  He did however, tell me that Chase does not have any plans to convert my current CSP MasterCard into a Visa and that the only way it would convert is by customer request.  What he did confirm is that Chase is no longer currently issuing new accounts (Slate, Freedom, Sapphire) under the MasterCard brand, even if a customer calls in to request a change to MasterCard.  

Basically, what it sounded like he told me was that Chase has no current plans to convert any account to Visa that currently is a MasterCard.  So, if anybody out there prefers to keep their Chase credit card account a MasterCard like I do...don't change anything.  In the future you may be one of the few people who has a Chase MasterCard.

[mxp114]

That nice gentlemen is wrong, someone leaked a screenshot of the internal memo that stated very clearly all would be issued as Visa in 2014 but not to tell customers about this change until they receive notice. Off memory the timeline was by summer.

[sjt]

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@mxp114 wrote:

That nice gentlemen is wrong, someone leaked a screenshot of the internal memo that stated very clearly all would be issued as Visa in 2014 but not to tell customers about this change until they receive notice. Off memory the timeline was by summer.

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So my Ink Bold World Elite MasterCard will be converted to a Visa Signature?

[mxp114]

Yes at some point in the future, one site says upon card expiry but the memo mentioned other triggers such as requesting a replacement card that could set off the conversion sooner. I didn't pay attention to the details because I don't have a Chase MC but I did find an article about it, http://thepointsguy.com/2013/09/chase-ink-visa-signature-changeover-what-it-means-for-you/

[FinStar]

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@mxp114 wrote:

That nice gentlemen is wrong, someone leaked a screenshot of the internal memo that stated very clearly all would be issued as Visa in 2014 but not to tell customers about this change until they receive notice. Off memory the timeline was by summer.

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+1

An item to keep in mind GeneralCucumbre, that gentleman you spoke with would likely not be priviledged to any upcoming strategy decisions that are usually made at the top.  While he may have general knowledge of what is in current state, he ultimately would not know until most changes are due to occur.  Therefore, what mxp114 mentioned above is in line with the changes that are foreseeable for 2014 as they expand their Visa relationship with their mainline, non-cobranded cards.

[Anam]

Chase just told me that the CSP Mastercards will be switched to Visa around December 16th and mailed out shortly thereafter. The old MC cards will still work untill January.

[370Z]

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@Anam wrote:

Chase just told me that the CSP Mastercards will be switched to Visa around December 16th and mailed out shortly thereafter. The old MC cards will still work untill January.

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Well, ain't that a stinky poo. Even sooner than expected.

[LoveCardPerks]

I'd suggest doing what I did, I emailed [MOD CUT] directly expressing my discontent.  Got a phone call from the executive office a day later.  Customers should voice their concens...

To:  MOD CUT

I was notified that Chase is in the process of ending the relationship with Mastercard, and my Chase Sapphire Preferred card will have to be 'converted' to a VISA.

I want to express my discontent of Chase limiting my consumer choice, and forcing me to switch my card products all to VISA.

I already have 2 VISA cards with Chase, having a Mastercard gave me opportunities to attend Mastercard-only events, and purchase from Master-card only vendors.  Now Chase is limiting my ability, and as a result will have to close this account and open a Mastercard with another bank.

Posting personal names /email address-Lexie, myFICO Moderator

[GeneralCucumbre]

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@LoveCardPerks wrote:

I'd suggest doing what I did, I emailed mod cut. directly expressing my discontent.  Got a phone call from the executive office a day later.  Customers should voice their concens...

 MOD CUT

I was notified that Chase is in the process of ending the relationship with Mastercard, and my Chase Sapphire Preferred card will have to be 'converted' to a VISA.

I want to express my discontent of Chase limiting my consumer choice, and forcing me to switch my card products all to VISA.

I already have 2 VISA cards with Chase, having a Mastercard gave me opportunities to attend Mastercard-only events, and purchase from Master-card only vendors.  Now Chase is limiting my ability, and as a result will have to close this account and open a Mastercard with another bank.

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I have yet to get any notification from Chase that my CSP is being converted.

edit-personal name/email address