topic Re: Product Changed Freedom Unlimited to Sapphire Reserve! in Credit Cards

Product Changed Freedom Unlimited to Sapphire Reserve!

Creditaddict — Mon, 22 Aug 2016 15:00:25 GMT

My partner was able to successfully product change his Freedom Unlimited card into the new Sapphire Reserve!

He is over 5/24 and all credit is locked so didn't want to even bother applying for new card.

The one bonus I wasn't expecting is they are currently saying no change in APR and our Freedom APR is currently 10.24% I believe.

Re: Product Changed Freedom Unlimited to Sapphire Reserve!

Anonymous — Mon, 22 Aug 2016 15:03:42 GMT

Sweet. Congrats to your partner getting that PC. Was his current credit line on his freedom 10k and above? I was told in order to PC to the CSR it has to be at that limit or higher.

Re: Product Changed Freedom Unlimited to Sapphire Reserve!

CreditCuriosity — Mon, 22 Aug 2016 15:08:28 GMT

If you PC a card are you giving up the bonus for another 24 months? Or just if say one was to dip under 5/24 one can apply again and get the bonus? If that makes sense. I don't forsee converting any of my cards such as CSP to the CSR as don't want to pay that AF unless I get the 100k UR's. Although the 3x on food/Travel and 300 travel credit is nice.. Since it appears 5/24 is in effect I don't forsee myself having this card for say 22 more months lol. I was hoping with the AF they would overlook this rule kinda like the Ritz, but apparently not

Re: Product Changed Freedom Unlimited to Sapphire Reserve!

joltdude — Mon, 22 Aug 2016 15:11:04 GMT

Damn I wish i had 10.24 on my Chase Freedom..

Re: Product Changed Freedom Unlimited to Sapphire Reserve!

Creditaddict — Mon, 22 Aug 2016 15:11:11 GMT

@Anonymous wrote:
Sweet. Congrats to your partner getting that PC. Was his current credit line on his freedom 10k and above? I was told in order to PC to the CSR it has to be at that limit or higher.

$32,500

Re: Product Changed Freedom Unlimited to Sapphire Reserve!

Creditaddict — Mon, 22 Aug 2016 15:13:43 GMT

@joltdude wrote:
Damn I wish i had 10.24 on my Chase Freedom..

Just logged into his account and it already shows the Reserve.

His APR is 10.49% after checking!

Re: Product Changed Freedom Unlimited to Sapphire Reserve!

Anonymous — Mon, 22 Aug 2016 15:13:58 GMT

@CreditCuriousity wrote:
If you PC a card are you giving up the bonus for another 24 months? Or just if say one was to dip under 5/24 one can apply again and get the bonus? If that makes sense. I don't forsee converting any of my cards such as CSP to the CSR as don't want to pay that AF unless I get the 100k UR's. Although the 3x on food/Travel and 300 travel credit is nice.. Since it appears 5/24 is in effect I don't forsee myself having this card for say 22 more months lol. I was hoping with the AF they would overlook this rule kinda like the Ritz, but apparently not

That is my concern. Nothing that I have read indicates that you are giving up the bonus for 24 months but I'm not sure I trust Chase enough not to try to say that down the road.

Re: Product Changed Freedom Unlimited to Sapphire Reserve!

baller4life — Mon, 22 Aug 2016 15:14:11 GMT

@CreditCuriousity wrote:
If you PC a card are you giving up the bonus for another 24 months? Or just if say one was to dip under 5/24 one can apply again and get the bonus? If that makes sense. I don't forsee converting any of my cards such as CSP to the CSR as don't want to pay that AF unless I get the 100k UR's. Although the 3x on food/Travel and 300 travel credit is nice.. Since it appears 5/24 is in effect I don't forsee myself having this card for say 22 more months lol. I was hoping with the AF they would overlook this rule kinda like the Ritz, but apparently not

I'm reading if you PC CSP to Reserve,once you are under 5/24 you can downgrade back to CSP,app C$R and get whatever bonus is available at the time. Then combine CSP limit to C$R and close.

Re: Product Changed Freedom Unlimited to Sapphire Reserve!

redpat — Mon, 22 Aug 2016 15:18:52 GMT

Keeping my 25K FU the 1.50x UR it works better on none catagory spend for me and no AF. For the moment all travel and dining is on Prestige for 1.60 AA redemption.

The Ritz is looking better now anyway.

Re: Product Changed Freedom Unlimited to Sapphire Reserve!

Anonymous — Mon, 22 Aug 2016 15:30:40 GMT

Congrats to your partner on the PC!

Re: Product Changed Freedom Unlimited to Sapphire Reserve!

redpat — Mon, 22 Aug 2016 15:39:43 GMT

@Anonymous wrote:
@CreditCuriousity wrote:
If you PC a card are you giving up the bonus for another 24 months? Or just if say one was to dip under 5/24 one can apply again and get the bonus? If that makes sense. I don't forsee converting any of my cards such as CSP to the CSR as don't want to pay that AF unless I get the 100k UR's. Although the 3x on food/Travel and 300 travel credit is nice.. Since it appears 5/24 is in effect I don't forsee myself having this card for say 22 more months lol. I was hoping with the AF they would overlook this rule kinda like the Ritz, but apparently not
That is my concern. Nothing that I have read indicates that you are giving up the bonus for 24 months but I'm not sure I trust Chase enough not to try to say that down the road.

It looks like Chase did their math, offer a 100k that no one can really get "5/24" and then pull the rug out in 2-3 months with a lower sign-up bonus as time passes for those coming off 5/24. Cheesy roll-out of a new card that doesn't offer that much other than a huge sign-up bonus.

Re: Product Changed Freedom Unlimited to Sapphire Reserve!

Anonymous — Mon, 22 Aug 2016 15:58:22 GMT

@Creditaddict wrote:
My partner was able to successfully product change his Freedom Unlimited card into the new Sapphire Reserve!
He is over 5/24 and all credit is locked so didn't want to even bother applying for new card.
The one bonus I wasn't expecting is they are currently saying no change in APR and our Freedom APR is currently 10.24% I believe.

I think this is nearly always the case, when you PC CL and APR remain the same. Happened on all my Citi cards for example.

Re: Product Changed Freedom Unlimited to Sapphire Reserve!

northface28 — Tue, 23 Aug 2016 03:03:52 GMT

For $450 AF I bet they let you switch,

Re: Product Changed Freedom Unlimited to Sapphire Reserve!

Anonymous — Tue, 23 Aug 2016 03:50:48 GMT

Congrats on the PC. I like to read this site but I cured my credit app'ing addiction. I wonder if Ron1 got shut down by Comenity. I remember he went through the entire list, even the cards that can be used at 5 different sites, he had all 5. He kinda disappeared. The only annual fee card I have is the CSP and it's not as attractive as it once was. The bottom is about to drop out on our economy. Banks were giving out credit like candy before the Great Depression. The big banks were given an assurance they would be bailed out under George W Bush so they don't care how much money they lend to others.