topic Re: Another blow to chase in Credit Cards

Changes with Chase...

Anonymous — Tue, 01 Sep 2015 17:31:08 GMT

They are converting a lot of their co-branded cards into Ink Cash or Freedom. So the Living Social, Amtrak and AZ Diamondbacks cards are amongst the group being converted.

Re: Changes with Chase...

CreditCuriosity — Tue, 01 Sep 2015 17:45:24 GMT

link?

Re: Changes with Chase...

MASTERNC — Tue, 01 Sep 2015 17:51:59 GMT

Amtrak: It has been noted here that Bank of America will be taking over the Amtrak co-branded relationship

http://ficoforums.myfico.com/t5/Credit-Cards/BOA-Amtrak-Guest-Rewards-9-2015/m-p/4207562#M1194536

LivingSocial: Not sure here, but can't believe it was that popular

Diamondbacks: I know Chase is a team sponsor, but I believe MLB cards are officially issued by Bank of America.

Another blow to chase

red259 — Tue, 01 Sep 2015 20:03:00 GMT

Chase will no longer be the issuer of amtrak credit cards. You can still transfer URs to amtrak, but I would not be surprised if there are changes made to that relationship as well. Isn't really a factor for me, but definitively not a positive change for chase.

Re: Another blow to chase

Anonymous — Tue, 01 Sep 2015 20:04:34 GMT

Who travels by train anyway? Lol.

Re: Another blow to chase

red259 — Tue, 01 Sep 2015 20:07:20 GMT

@Anonymous wrote:
Who travels by train anyway? Lol.

The northeast corridor is good. Connecting DC, NYC and Boston. Much nicer than driving or taking bus.

Re: Another blow to chase

red259 — Tue, 01 Sep 2015 20:10:32 GMT

By the way for people who do currently have the chase amtrak card it will be converted to a freedom at end of the month. Not sure how many people that will impact, but thought its important to know if they have the card already.

Re: Another blow to chase

Anonymous — Tue, 01 Sep 2015 20:12:58 GMT

Ah. I don't live there though.

Re: Another blow to chase

Anonymous — Tue, 01 Sep 2015 20:13:14 GMT

Might be nicer, but you definitely pay for it! Although I guess that's why you want to get rewards points in the first place...

Re: Another blow to chase

red259 — Tue, 01 Sep 2015 20:29:07 GMT

@Anonymous wrote:
Might be nicer, but you definitely pay for it! Although I guess that's why you want to get rewards points in the first place...

Yes its expensive to ride the train.

Re: Another blow to chase

Anonymous — Tue, 01 Sep 2015 20:31:28 GMT

I would ride a train if we had them out west for long distance (non leisure) travel. Has to average at least 120mph though or it is not worth it.

Re: Another blow to chase

Anonymous — Tue, 01 Sep 2015 20:35:29 GMT

I have never heard of anyone having a chase amtrak card. I think Chase will be just fine.

haha

Re: Another blow to chase

CreditCuriosity — Tue, 01 Sep 2015 20:34:36 GMT

Amtrak needs to either make a profit or go away, why are the taxpayers still subsidizing Amtrak is beyond me. Either make the business profitable or be gone. /endrant

Anyways, ya it is going to BofA.

Re: Another blow to chase

FinStar — Tue, 01 Sep 2015 20:34:52 GMT

So I fail to see how it's a "blow" for Chase... or not a step in the right direction given the relationship. For Chase shareholders this is a positive thing.

Re: Another blow to chase

Anonymous — Tue, 01 Sep 2015 20:39:26 GMT

Amtrak will not make a profit for as long as airlines are able to undercut them on cost and beat them out for destinations, never mind the speed of travel.

Re: Another blow to chase

CreditCuriosity — Tue, 01 Sep 2015 20:43:05 GMT

@Anonymous wrote:
Amtrak will not make a profit for as long as airlines are able to undercut them on cost and beat them out for destinations, never mind the speed of travel.

Then let it fold or for those that like taking amtrak pay more for your ticket so i don't have to subsidize it.

Might have ot exit this thread before I mis-guide this thread anymore

Re: Another blow to chase

red259 — Tue, 01 Sep 2015 20:43:35 GMT

@FinStar wrote:
So I fail to see how it's a "blow" for Chase... or not a step in the right direction given the relationship. For Chase shareholders this is a positive thing.

One less co-branded card to choose from? Maybe the loss of a UR partner down the line? Makes their card slightly less appealing, unless they add something back. I'm not referring to the perspective of shareholders, but looking at the cards from a consumer perspective.

Re: Another blow to chase

Anonymous — Tue, 01 Sep 2015 20:43:36 GMT

I agree wholeheartedly. The public has spoken obviously, Trains just don't work in 95% of this country even if 40% of the population lives in the 5% where they do/would.

Re: Another blow to chase

jsucool76 — Tue, 01 Sep 2015 20:49:41 GMT

amtrak is a super underrated program. the points are pretty valuable.

Re: Another blow to chase

Anonymous — Tue, 01 Sep 2015 20:50:30 GMT

If you live somewhere you can use it and have the time. 😏