topic Re: Tisk tisk Chase in Credit Cards

Tisk tisk Chase

Anonymous — Wed, 27 Jul 2016 16:23:14 GMT

We are making changes to the Chase Ultimate Rewards® Amazon Shop with Points1 program.
• Beginning September 1, the Amazon.com redemption value for $1 is changing from 100 points to 125 points.
• Your points will no longer be deducted when your purchase ships; they will be debited at the time your order is placed.
These changes do not impact your other Chase Ultimate Rewards redemption options including cash back, gift cards, travel and more.
Visit Ultimate Rewards today to learn more.

Thank you for choosing Chase.

Re: Tisk tisk Chase

Anonymous — Wed, 27 Jul 2016 16:26:01 GMT

@Anonymous wrote:
We are making changes to the Chase Ultimate Rewards® Amazon Shop with Points1 program.
• Beginning September 1, the Amazon.com redemption value for $1 is changing from 100 points to 125 points.
• Your points will no longer be deducted when your purchase ships; they will be debited at the time your order is placed.
These changes do not impact your other Chase Ultimate Rewards redemption options including cash back, gift cards, travel and more.
Visit Ultimate Rewards today to learn more.

Thank you for choosing Chase.

Interesting, obviously hoping to save money that way! Given you can cash out at 1c per UR, using Shop with Points will be stupid

Re: Tisk tisk Chase

CMoore515 — Wed, 27 Jul 2016 16:47:06 GMT

Eh, just gives me more reason to pay mine off and close it. I don't use it for daily spend anyway.

Re: Tisk tisk Chase

Anonymous — Wed, 27 Jul 2016 16:52:55 GMT

@CMoore515 wrote:
Eh, just gives me more reason to pay mine off and close it. I don't use it for daily spend anyway.

CLose what? This is any Chase UR card, not the Chase Amazon

Re: Tisk tisk Chase

Anonymous — Wed, 27 Jul 2016 17:02:03 GMT

this is disappointing - and I hope not a sign of UR being devalued like TYpoints were.

Re: Tisk tisk Chase

Anonymous — Wed, 27 Jul 2016 17:06:42 GMT

@Anonymous wrote:
this is disappointing - and I hope not a sign of UR being devalued like TYpoints were.

When were they devalued?

Re: Tisk tisk Chase

gdale6 — Wed, 27 Jul 2016 17:10:01 GMT

With 3.7B shares outstanding and a 2nd quarter profit of 1.55 a share I see no reason for them to be devaluing anything, most unfortunate they have decided to do this.

Re: Tisk tisk Chase

CMoore515 — Wed, 27 Jul 2016 17:16:14 GMT

@Anonymous wrote:
@CMoore515 wrote:
Eh, just gives me more reason to pay mine off and close it. I don't use it for daily spend anyway.
CLose what? This is any Chase UR card, not the Chase Amazon

My Freedom card.

Re: Tisk tisk Chase

Anonymous — Wed, 27 Jul 2016 17:17:38 GMT

@Anonymous wrote:
@Anonymous wrote:
this is disappointing - and I hope not a sign of UR being devalued like TYpoints were.
When were they devalued?

Before my time, from reading here on the forums. I didn't have a Thankyou card until last July, but read some posts that seemed to indicate they were worth more in the past than they are now in general.

I would imagine that for people with airline transfer-capable Thankyou cards, the impact is greater now that AA is not an option.

Re: Tisk tisk Chase

Anonymous — Wed, 27 Jul 2016 17:27:10 GMT

@Anonymous wrote:
@Anonymous wrote:
@Anonymous wrote:
this is disappointing - and I hope not a sign of UR being devalued like TYpoints were.
When were they devalued?
Before my time, from reading here on the forums. I didn't have a Thankyou card until last July, but read some posts that seemed to indicate they were worth more in the past than they are now in general.

I would imagine that for people with airline transfer-capable Thankyou cards, the impact is greater now that AA is not an option.

I don't remember any reductions but it's possible. Not sure what you mean by 'now that AA is not an option'. You could never transfer TYP to American Airlines. The only thing that is changing (and yes it is a big loss to some) is the redemption rate that you get when redeeming TYP for AA flights. It's still available but ties from 1.6 cents to 1.25 cents per point. Keep in mind that these changes don't go into effect for a year.

Re: Tisk tisk Chase

Anonymous — Wed, 27 Jul 2016 17:29:46 GMT

Cashed 30 bux in this week with Amazon. Still a bummer. I use freedom for only 5% so its still adds up. I don't travel so I just keep the $$

Re: Tisk tisk Chase

Anonymous — Wed, 27 Jul 2016 17:30:03 GMT

According to e.g., http://viewfromthewing.boardingarea.com/2013/07/15/is-citi-thank-you-premier-getting-devalued-again/, you used to be able to buy business class tickets at up to 3c per TYP. So certainly devalued from there (this is without transferring, just straight pay with points)

Re: Tisk tisk Chase

Anonymous — Wed, 27 Jul 2016 17:37:01 GMT

Wait, just so I'm clear, does this at all affect my Chase Amazon credit card? Since this is my daily I have a TON of points stacked up. If they're going to be devalued, I want to cash out TODAY!

Re: Tisk tisk Chase

Anonymous — Wed, 27 Jul 2016 17:40:03 GMT

@Anonymous wrote:
According to e.g., http://viewfromthewing.boardingarea.com/2013/07/15/is-citi-thank-you-premier-getting-devalued-again/, you used to be able to buy business class tickets at up to 3c per TYP. So certainly devalued from there (this is without transferring, just straight pay with points)

Didn't know that, wish that were still the case.

Re: Tisk tisk Chase

Anonymous — Wed, 27 Jul 2016 17:42:00 GMT

@Anonymous wrote:
I don't remember any reductions but it's possible. Not sure what you mean by 'now that AA is not an option'. You could never transfer TYP to American Airlines. The only thing that is changing (and yes it is a big loss to some) is the redemption rate that you get when redeeming TYP for AA flights. It's still available but ties from 1.6 cents to 1.25 cents per point. Keep in mind that these changes don't go into effect for a year.

if you search you'll find the same things I found.

As you specify, my use of the word "devalued" can extend beyond just direct point transfer.

I don't personally care about the AA changes because I don't ever fly AA, and have been able to get in a Delta or PP lounge everwhere I go (with Amex Platinum), but the reason this worries me is more that it seems that Citi is putting this card on a downward trend. That is primarily what is causing me to think more about applying via the old 50k bonus link.

I may just wait for this supposed Chase competitor card next month in hopes that it is a better fit, as I am happy with UR.

Re: Tisk tisk Chase

Anonymous — Wed, 27 Jul 2016 18:01:11 GMT

@Anonymous wrote:
@Anonymous wrote:
I don't remember any reductions but it's possible. Not sure what you mean by 'now that AA is not an option'. You could never transfer TYP to American Airlines. The only thing that is changing (and yes it is a big loss to some) is the redemption rate that you get when redeeming TYP for AA flights. It's still available but ties from 1.6 cents to 1.25 cents per point. Keep in mind that these changes don't go into effect for a year.
if you search you'll find the same things I found.

As you specify, my use of the word "devalued" can extend beyond just direct point transfer.

I don't personally care about the AA changes because I don't ever fly AA, and have been able to get in a Delta or PP lounge everwhere I go (with Amex Platinum), but the reason this worries me is more that it seems that Citi is putting this card on a downward trend. That is primarily what is causing me to think more about applying via the old 50k bonus link.

I may just wait for this supposed Chase competitor card next month in hopes that it is a better fit, as I am happy with UR.

As I have posted elsewhere I think you can't go wrong with the card especially if you get it now (preferably in branch) and then decide in a year. Of course the real value in the card is if you stay in hotels for 4 nights or more. If you do then it's a no brainer.

Re: Tisk tisk Chase

Anonymous — Wed, 27 Jul 2016 18:33:25 GMT

@Anonymous wrote:
Wait, just so I'm clear, does this at all affect my Chase Amazon credit card? Since this is my daily I have a TON of points stacked up. If they're going to be devalued, I want to cash out TODAY!

At least currently, this applies to just UR cards, so your Amazon points are OK. Actually, I can imagine this being used to boost the Amazon card, as you can use those points 1:1 (But as you can cash out URs 1:1 as well, no real difference)

Re: Tisk tisk Chase

JagerBombs89 — Wed, 27 Jul 2016 18:43:54 GMT

1) Make purchase on Amazon with Chase Card instead of points

2) Receive 1% cash back on purchase

3) Use UR to pay off purchase

4) Enjoy

Re: Tisk tisk Chase

Anonymous — Wed, 27 Jul 2016 22:31:35 GMT

This is a pretty huge nerf from my perspective. I rarely use my freedom card. Only for 5% categories. With the $20 redemption threshold it might take me a long time to accumulate 2000 points.

With amazon redemption it gave me an avenue to escape that redemption threshold and be able to get immediate use of my points. Now that the value is nerfed of course I won't be redeeming that way anymore.

I'll be ok for the rest of the year with Costco. Getting to 2000pts will be quite easy for the rest of the year. Next year I'm probably going to fully sd this card during non attractive quarters. The heavy use quarters I'll probably use and then make one redemption at the end of the quarter. In the past I have tried to use this card every month to keep it active and try to spur a CLI. This nerf pisses me off to a point where I won't be doing that anymore. I honestly don't care if they close my card for inactivity. Continued barriers to redemption, no CLI. My freedom card continues to disappoint.

Re: Tisk tisk Chase

Imperfectfuture — Thu, 28 Jul 2016 00:31:01 GMT

Where do you find this information? I can not find it. However, as noted above, you get more cash back if you purchase the item directly on Amazon, and then use points to pay off with Chase (especially useful during the Amazon Quarter, personally, shop with points saves Amazon swipe fees. Definitely wait for cash build up).

Personal opinion, if you are not getting enough cash back to warrant 20 at least twice a year, I suggest close card, and move limit. My freedom is not used that often as well, but when is active, jump more than $8 per month, easy to reach 20 in three months.