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No EMV on Chase Sapphire Preferred MasterCard?

Regular Contributor

No EMV on Chase Sapphire Preferred MasterCard?

I understand that many who have the Chase Sapphire Preferred have recently gotten EMV (Chip and Signature) versions of their cards and I just called in to request one on my account as it seems that we are transitioning to this new technology.  However, I was told by Chase that they are not offering the chip card to MasterCard accounts.  I was told that I had to convert my account to a Visa card in order to get the chip and signature feature.  I told the guy "thanks, but no thanks...I would rather keep my card as a MasterCard."

 

After some further research this seems to be valid.  Either way, has anybody with a CSP MasterCard been able to get a chip version?  I also understand that Chase seems to want to drop MasterCard completely and offer Visa products only...and that all current MasterCard account holders will eventually get Visa cards.  Is this true?  Can anybody shed some light?

AMEX Green Corporate - NPSL | AMEX Everyday - $50,000
Chase Sapphire Reserve Visa Infinite - $31,500 | Chase Freedom Visa Signature - $27,300
Best Buy (Citi) Card - $20,000 | USAA Platinum Visa - $26,000
Message 1 of 21
20 REPLIES
Regular Contributor

Re: No EMV on Chase Sapphire Preferred MasterCard?

It's hilarious, I actually got 5 non-emv cards in the mail after calling in multiple times and they didn't know why. They said they were going to completely drop Mastercard from some of their cards so I just converted to a Visa right there so I didn't have to deal with it in the future. So I should be getting an EMV card soon.

Message 2 of 21
Senior Contributor

Re: No EMV on Chase Sapphire Preferred MasterCard?

I think you can get the signup bonus again by applying for the Visa card.  At least you used to be able to.  That's what I'd be more concerned with.  And then you can get your EMV chip.


Starting Score: ~500 (12/01/2008)
Current Score: EQ 681 (04/05/13); TU 98 728 (01/06/12), TU 08? 760 (provided by Barclay 1/2/14), TU 04 728 (lender pull 01/12/12); EX 742 (lender pull 01/12/12)
Goal Score: 720


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Message 3 of 21
Frequent Contributor

Re: No EMV on Chase Sapphire Preferred MasterCard?

It's that time of the year where Visa is more popular than Mastercard, same thing is happening with Citi with their thankyou cards. Premier & Preferred now only come with Visa unless you were preselected for a MC.

 

EQ: 768 TU: 769 EXP: 805
CSP: 7K | Chase Freedom: 5.7K
MERRILL+® VS: 9K | BOA AMEX: 1K
BOA 123: 7K Discover IT: 6K | Discover Chrome 4K | Costco AMEX: 15K | AMEX PRG NPSL | AMEX BCE 15K | Barclay NFL: 4.9K | Citi TYP 7K | Amazon Chase 1.7K | Barclaycard Arrival Plus WEMC 5K | Citi DC 5K | FNBO AMEX 4.8K | CAP 1 QS 10K | U.S. Bank Cash+ VS 5K |U.S. Bank Perks+ VS 6K
Message 4 of 21
Regular Contributor

Re: No EMV on Chase Sapphire Preferred MasterCard?

Chase will be phasing out MasterCard by early next year. Co branded cards are to be the exclusion.
Message 5 of 21
Frequent Contributor

Re: No EMV on Chase Sapphire Preferred MasterCard?

I've been watching this recently too, and I am wondering what it means for Mastercard. Are the banks trying to phase it out as a payment network in the U.S. (at least the big ones)? I know oddball CUs, Capital One, and some other small issuers are decidedly Mastercard, but I keep seeing the big banks switching to Visa.
Cards I Carry
$7.5K $23K $5k $300(SEC) $500 $300 $1,500 $800 $800
Total Available Credit: $39.7k | FICOS: EX 659 | EQ 661 | TU 673
Message 6 of 21
Senior Contributor

Re: No EMV on Chase Sapphire Preferred MasterCard?


GeneralCucumbre wrote:

Either way, has anybody with a CSP MasterCard been able to get a chip version?


I haven't and was told the same thing -- after receiving a non-EMV replacement when I requested one with EMV.

Message 7 of 21
Valued Contributor

Re: No EMV on Chase Sapphire Preferred MasterCard?

As part of Chase expanding their relationship with Visa, they are moving all of the Chase branded products (Freedom, CS, CSP, Ink, Slate) to Visa. Existing MasterCard accounts will be issued a Visa or Visa Signature card beginning in 2014. Afaik you can no longer apply or convert into a MC version of the aforementioned products effective 11/1. This is what I was told via SM so take it with a grain of salt Smiley Wink

Message 8 of 21
Frequent Contributor

Re: No EMV on Chase Sapphire Preferred MasterCard?

I bet this was somewhat motivated by a desire to cut down on sign-up bonus chasers who applied for both Visa and MC versions of a card offering. It's too bad Visa won out though.

EQ 1: 792 (11/17) 2: 824 (11/17) EX 801 (11/17) TU 815 (11/17)
Chase Freedom VS - 5k - 13.99% - 2/13 ~ Chase Hyatt VS - 5k - 16.24% - 6/13 ~ Amex Hilton Surpass - 4.5k -14.99% - 8/13 ~ Chase IHG WMC - 5k - 16.24% - 1/14 ~ Chase Ink$ VS - 12k - 14.24% - 5/14 ~ NFCU $ VS - 25k - 10.65% - 12/14 ~ Amex ED - 30k - 13.99% - 1/16 ~ Citi AT&T WMC - 23k - 16.24% - 4/16 ~ Chase Sapphire Reserve VI - 10.6k - 16.99% - 8/16 ~ Chase FU V - 10.6k - 14.99% - 12/16 ~ Merrill+ VS - 10.1k - 13.99% - 2/17 ~ USAA Limitless VS - 20k - 17.9% - 8/17
Gone: CSP, AA x3, Ink+, TYP
Message 9 of 21
Senior Contributor

Re: No EMV on Chase Sapphire Preferred MasterCard?


370Z wrote:

I bet this was somewhat motivated by a desire to cut down on sign-up bonus chasers who applied for both Visa and MC versions of a card offering. It's too bad Visa won out though.


I doubt it.  I would imagine it has a lot more to do with getting a better deal from Visa on fees for using their payment network in exchange for moving over several card products.


Starting Score: ~500 (12/01/2008)
Current Score: EQ 681 (04/05/13); TU 98 728 (01/06/12), TU 08? 760 (provided by Barclay 1/2/14), TU 04 728 (lender pull 01/12/12); EX 742 (lender pull 01/12/12)
Goal Score: 720


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Message 10 of 21