topic Re: Chase Credit Card Changes in Credit Cards

Chase Credit Card Changes

UpperNwGuy — Sun, 06 May 2018 00:37:55 GMT

Doctor of Credit is reporting this evening that Chase is making some changes to both its business and personal credit cards. On the personal side, the Chase Sapphire Reserve will no longer earn 3x UR points for those charges that count towards the $300 travel credit. There are also changes to the Priority Pass benefit. On the business side, a new 1.5x UR points-on-everything Ink card is being introduced, but it is unclear if this card replaces the current 5x UR points-on-categories Chase Ink Cash card.

Re: Chase Credit Card Changes

Anonymous — Sun, 06 May 2018 00:59:44 GMT

@UpperNwGuy wrote:
Doctor of Credit is reporting this evening that Chase is making some changes to both its business and personal credit cards. On the personal side, the Chase Sapphire Reserve will no longer earn 3x UR points for those charges that count towards the $300 travel credit. There are also changes to the Priority Pass benefit. On the business side, a new 1.5x UR points-on-everything Ink card is being introduced, but it is unclear if this card replaces the current 5x UR points-on-categories Chase Ink Cash card.

Thanks for the heads up. Guess all good things eventually come to an end.

Re: Chase Credit Card Changes

Anonymous — Sun, 06 May 2018 11:35:23 GMT

With changes to the CSR like this, it makes the USBank Altitude card a more and more superior choice. And if, as rumored, Chase stops allowing transfer of URP to CSR, that will really be the fatal nerf.

Chris.

Re: Chase Credit Card Changes

Anonymous — Sun, 06 May 2018 12:10:54 GMT

The changes to the CSR also include what we already knew was going to happen, the loss of price protection. The PP will now limit you to 2 free guests and it will be $27 for any additional guest. The latter change isn't surprising to me as this was a feature that was often abused where large groups would enter on one card and ‘devour’ the place. Similar what the Ritz Carlton’s had to in limiting guests that could accompany you into their Club level facilities. I would expect to the RC credit card to follow suit in limiting the number of free PP guests.

The loss of 900 UR points translates to about $20. Not great changes but I don’t think it will affect the card’s overall desirability

Moderator note - If people want to discuss the new business card coming then please start a new thread in the business credit forum. Thank you for your understanding and cooperation.

Re: Chase Credit Card Changes

redpat — Sun, 06 May 2018 13:01:08 GMT

CCC are handing out PP like chicklets.

The UR points I saw coming but Amex still gives MR points.

Re: Chase Credit Card Changes

imaximous — Sun, 06 May 2018 13:31:21 GMT

A couple of the changes on the CSR aren't unreasonable to me:

- Purchases towards the $300 credit never should've qualified for points to begin with. It's kinda like when you use miles for a plane ticket. You just don't get the miles for the flight. Hotel stays on points or when you pay for your annual fee.

- Limiting PP to fewer guests may affect large groups or families, but again, airline clubs limit this benefit too.

I actually consider Price Protection more of a loss than the 2 other benefits.

Re: Chase Credit Card Changes

iheartwings — Sun, 06 May 2018 13:33:02 GMT

@Anonymous

The loss of 900 UR points translates to about $20. Not great changes but I don’t think it will affect the card’s overall desirability

I guess what is not clear to me is if they are not giving points at all, or just not 3x points, with items covered by the travel credit.

CSR is quite liberal in what they consider travel, and as such, I haven't had to do much work in getting the travel credit. To me, that still makes the card quite valuable, even with the loss of 3x points with the credit.

Re: Chase Credit Card Changes

Anonymous — Sun, 06 May 2018 13:54:05 GMT

@iheartwings wrote:
@Anonymous

The loss of 900 UR points translates to about $20. Not great changes but I don’t think it will affect the card’s overall desirability

I guess what is not clear to me is if they are not giving points at all, or just not 3x points, with items covered by the travel credit.

CSR is quite liberal in what they consider travel, and as such, I haven't had to do much work in getting the travel credit. To me, that still makes the card quite valuable, even with the loss of 3x points with the credit.

Apparently no points at all for those purchases covered by the travel credit

Re: Chase Credit Card Changes

Anonymous — Sun, 06 May 2018 14:55:20 GMT

@UpperNwGuy wrote:
Doctor of Credit is reporting this evening that Chase is making some changes to both its business and personal credit cards. On the personal side, the Chase Sapphire Reserve will no longer earn 3x UR points for those charges that count towards the $300 travel credit. There are also changes to the Priority Pass benefit. On the business side, a new 1.5x UR points-on-everything Ink card is being introduced, but it is unclear if this card replaces the current 5x UR points-on-categories Chase Ink Cash card.

Thanks for the not good news! Noticed it might be time for you to go to bed The Chase Ink Cash Card has been mine for many years and has served me well and faithfully. Should we be required to migrate (yes like ducks) to this new card it's only value to me is the business hidden trade line. There are many better cards for earnings in my herd. This could be the start of a sad day!

Re: Chase Credit Card Changes

K-in-Boston — Sun, 06 May 2018 14:58:49 GMT

I’m actually happy about the limit on guests. That’s going to really only affect families of 4 or more (as a family of 4, how many times are you really traveling where paying for the extra person is going to bankrupt you? Besides DH or DW can always get it with an AU card bringing the total to 6) and those who were abusing it anyway by bringing the entire office in.

As I am about to PC to the CSR, I would like clarification on the no points part, though. I’m okay if $300 doesn’t earn 3 URs or even 1 UR, but does that mean that, for example, a $1000 airline charge will only earn points on $700, or does that mean that no portion of any charge that qualifies for reimbursement (even if only partially) will earn points?

Re: Chase Credit Card Changes

simplynoir — Sun, 06 May 2018 15:11:22 GMT

@K-in-Boston wrote:
As I am about to PC to the CSR, I would like clarification on the no points part, though. I’m okay if $300 doesn’t earn 3 URs or even 1 UR, but does that mean that, for example, a $1000 airline charge will only earn points on $700, or does that mean that no portion of any charge that qualifies for reimbursement (even if only partially) will earn points?

Best guess without SM-ing Chase is the first $300 will earn no rewards at all and once that credit is used up it's business as usual. They'll probably do it where the credit applied will just take back the points earned when the $300 credit is applied like a negative clawback.

Re: Chase Credit Card Changes

Saleen099 — Mon, 07 May 2018 14:09:51 GMT

Re: Chase Credit Card Changes

digitek — Mon, 07 May 2018 14:48:10 GMT

My math is saying that no more UR for the $300 credit is going to cost customers about $13.50 per year ( ( 300 x 3 ) x 1.5 ) = 13.5

Priority Pass change doesn't bother me at all.

Price Protection was nice to have although I never used it.

Re: Chase Credit Card Changes

iced — Mon, 07 May 2018 16:41:15 GMT

@digitek wrote:
My math is saying that no more UR for the $300 credit is going to cost customers about $13.50 per year ( ( 300 x 3 ) x 1.5 ) = 13.5

Priority Pass change doesn't bother me at all.

Price Protection was nice to have although I never used it.

I'm pretty much in agreement with this. The loss of 900 UR points is insignificant in the grand scheme of things, I only activated my PP last week by stumbling on to it on the Chase page (and plan on never using it), and not once used price protection on any credit card, nevermind the CSR which only ever sees dining/travel spend.