topic Re: Chase AARP Visa Question in Credit Cards

Chase AARP Visa Question

Aim_High — Tue, 30 Jul 2019 22:08:16 GMT

Chase AARP Visa earns Unlimited 3 percent Cash Back rewards on restaurant and gas station purchases and 1 percent Cash Back rewards on all other purchases.

Question: Can cash-back be converted into Ultimate Rewards points on the Chase Sapphire Reserve (50% bonus), thereby earning unlimited 4.5% back on gasoline when redeemed for travel?

This would be almost as good as the other unlimited or generous +/- 5% gas options, like:

Fort Knox FCU Platinum Visa

(Unlimited 5% on gas)

First Bankcard/FNBO NRA or Ducks Unlimited

(Unlimited 5% on gas)

PenFed Platinum Rewards Visa

(Unlimited 5 points per dollar; 5 points to equal 4.25% back on gas)

Synchrony-Sams Club Mastercard

(5% on up to $6K per year PLUS -up to- additional 2% as Select Plus member)

*Sam's Club membership required. Additional Fee for 2% Select Plus membership.

CITI-Costco Visa

(4% on up to $7K per year PLUS flat 2% bonus for Executive members)

*Costco membership required. Additional Fee for Executive membership.

Bank of America Cash Rewards with Platinum Honors Preferred Rewards status

(3% x 1.75% bonus = 5.25% on up to $10K per year @ $2500 limit per quarter)

*Platinum Honors status requires $100K in banking and investment accounts*

Bank of America Cash Rewards with Platinum Preferred Rewards status

(3% x 1.5% bonus = 4.50% on up to $10K per year @ $2500 limit per quarter )

*Platinum status requires $50K in banking and investment accounts

Re: Chase AARP Visa Question

kdm31091 — Tue, 30 Jul 2019 22:10:40 GMT

Sorry but no. The AARP earns its own points, which are not Ultimate Rewards and can't be combined with any Ultimate Reward program points.

Re: Chase AARP Visa Question

odd_dog — Tue, 30 Jul 2019 22:13:49 GMT

@Aim_High wrote:
Chase AARP Visa earns Unlimited 3 percent Cash Back rewards on restaurant and gas station purchases and 1 percent Cash Back rewards on all other purchases.

Question: Can cash-back be converted into Ultimate Rewards points on the Chase Sapphire Reserve (50% bonus), thereby earning unlimited 4.5% back on gasoline when redeemed for travel?

This would be almost as good as the other unlimited or generous +/- 5% gas options, like:

    Fort Knox FCU Platinum Visa
          (Unlimited 5% on gas)

    First Bankcard/FNBO NRA or Ducks Unlimited
          (Unlimited 5% on gas)

    PenFed Platinum Rewards Visa
          (Unlimited 5 points per dollar; 5 points to equal 4.25% back on gas)

    Synchrony-Sams Club Mastercard
          (5% on up to $6K per year PLUS -up to- additional 2% as Select Plus member)
          *Sam's Club membership required. Additional Fee for 2% Select Plus membership.

    CITI-Costco Visa
          (4% on up to $7K per year PLUS flat 2% bonus for Executive members)
          *Costco membership required. Additional Fee for Executive membership.

    Bank of America Cash Rewards with Platinum Honors Preferred Rewards status
          (3% x 1.75% bonus = 5.25% on up to $10K per year @ $2500 limit per quarter)
          *Platinum Honors status requires $100K in banking and investment accounts*

    Bank of America Cash Rewards with Platinum Preferred Rewards status
           (3% x 1.5% bonus = 4.50% on up to $10K per year @ $2500 limit per quarter )
           *Platinum status requires $50K in banking and investment accounts

Not the best in math but where are you getting 5.25% from 3 + 1.75? am I missing something or is your math off?

Re: Chase AARP Visa Question

wasCB14 — Tue, 30 Jul 2019 22:22:19 GMT

@odd_dog wrote:
Not the best in math but where are you getting 5.25% from 3 + 1.75? am I missing something or is your math off?

It's "x" not "+".

OP is correct about the 5.25% and 4.5%. 3% cash back with a 150% or 175% status multiplier.

Re: Chase AARP Visa Question

Aim_High — Tue, 30 Jul 2019 22:31:46 GMT

@odd_dog wrote:
@Aim_High wrote:
    Bank of America Cash Rewards with Platinum Honors Preferred Rewards status
          (3% x 1.75% bonus = 5.25% on up to $10K per year @ $2500 limit per quarter)
    Bank of America Cash Rewards with Platinum Preferred Rewards status
           (3% x 1.5% bonus = 4.50% on up to $10K per year @ $2500 limit per quarter )

Not the best in math but where are you getting 5.25% from 3 + 1.75? am I missing something or is your math off?

That is not a (+); it is a (x). Multiply, not add.

Bank of America gives bonuses on their credit card cash back if you have large investment or banking accounts with them.

It starts at $20K (25% bonus); goes up to 50% bonus at $50K and 75% bonus at $100K.

So for any of their credit card programs, you can multiply whatever the published reward rate x 1.25, 1.50 or 1.75 to get the new rate.

3% is maximum basic reward on the Cash Back card and would go up to 3.75, 4.50 or 5.25% respectively.

You would also get 2.5, 3.0, or 3.5% on the "2%" categories like groceries and whole sale clubs or Premium Rewards card Travel/Dining.

If you had the Travel Rewards or Premium rewards cards that get 1.5% back on everything, you'd also earn 1.875, 2.25 or 2.625% instead of 1.5% on everything you buy.

Re: Chase AARP Visa Question

odd_dog — Tue, 30 Jul 2019 23:34:56 GMT

@Aim_High wrote:
@odd_dog wrote:
@Aim_High wrote:
    Bank of America Cash Rewards with Platinum Honors Preferred Rewards status
          (3% x 1.75% bonus = 5.25% on up to $10K per year @ $2500 limit per quarter)
    Bank of America Cash Rewards with Platinum Preferred Rewards status
           (3% x 1.5% bonus = 4.50% on up to $10K per year @ $2500 limit per quarter )

Not the best in math but where are you getting 5.25% from 3 + 1.75? am I missing something or is your math off?
That is not a (+); it is a (x). Multiply, not add.
Bank of America gives bonuses on their credit card cash back if you have large investment or banking accounts with them.
It starts at $20K (25% bonus); goes up to 50% bonus at $50K and 75% bonus at $100K.
So for any of their credit card programs, you can multiply whatever the published reward rate x 1.25, 1.50 or 1.75 to get the new rate.
3% is maximum basic reward on the Cash Back card and would go up to 3.75, 4.50 or 5.25% respectively.
You would also get 2.5, 3.0, or 3.5% on the "2%" categories like groceries and whole sale clubs or Premium Rewards card Travel/Dining.
If you had the Travel Rewards or Premium rewards cards that get 1.5% back on everything, you'd also earn 1.875, 2.25 or 2.625% instead of 1.5% on everything you buy.

Thanks, even I did not think I made that much on these cards....LOL I told you I suck in math!!!!!

Re: Chase AARP Visa Question

Aim_High — Wed, 31 Jul 2019 03:25:40 GMT

@odd_dog wrote:
Thanks, even I did not think I made that much on these cards....LOL I told you I suck in math!!!!!

Important point here. If you do have the account balances and you do have the Bank of America cards, you must still ENROLL and be accepted into the Preferred Rewards program to get those rates. It is not automatic. So you may qualify but miss out on the rewards if you don't enroll!