topic Re: Chase Changes FU SUB in Credit Cards

Chase Changes FU SUB

rgate88 — Tue, 27 Aug 2019 16:20:12 GMT

Just saw that Chase has now changed the SUB on the FU from 3% for the first year on the first $20k, to now match the Freedom ($200 on $500 of spending).

Thoughts on this? I'm in the garden for now but was really hoping to get the FU and rack up that bonus. Such a shame.

Re: Chase Changes FU SUB

FinStar — Tue, 27 Aug 2019 16:28:24 GMT

Unfortunately, SUBs are subject to change at any time unless the lender has indicated a specific timeframe where the promotion expires.

Sites like DoC, for instance, are usually a good resource in the event that the SUB returns. So, all you can do is wait until it's offered again (if at all) or if you get targeted for it.

Re: Chase Changes FU SUB

delaney1 — Tue, 27 Aug 2019 17:53:03 GMT

@rgate88 wrote:
Just saw that Chase has now changed the SUB on the FU from 3% for the first year on the first $20k, to now match the Freedom ($200 on $500 of spending).

Thoughts on this? I'm in the garden for now but was really hoping to get the FU and rack up that bonus. Such a shame.

When I log into my account I still have the 3%/20k offer that I’m prequalified for. I guess the 3%/20k will now be a targeted to specific people just like the 4% offer.

Re: Chase Changes FU SUB

coreysw12 — Tue, 27 Aug 2019 18:11:05 GMT

That stinks... the 3%/20k SUB was pretty sweet. It was worth $300 (in addition to another $300 you'd get without the SUB).

The $200 SUB is FAR easier to get, because you only need to spend $500 instead of $20k... but for anyone who was going to spend $20k in the first year anyways, they're now missing out on a free $100

On the plus side, $100 isn't an earth-shattering loss. It's still a great card regardless.

Re: Chase Changes FU SUB

vic6string — Tue, 27 Aug 2019 18:28:34 GMT

Not a big surprise.... math and marketing don't mix. Getting back an extra 1% on 20k doesn't make the splash on the screen that "Get $200!" does for most people. Even the 4% deal probably draws less eyes than just the flat $200 from a marketing standpoint.

Re: Chase Changes FU SUB

rgate88 — Tue, 27 Aug 2019 20:06:35 GMT

@vic6string wrote:
Not a big surprise.... math and marketing don't mix. Getting back an extra 1% on 20k doesn't make the splash on the screen that "Get $200!" does for most people. Even the 4% deal probably draws less eyes than just the flat $200 from a marketing standpoint.

Right. People want quick and fast money, and this will certainly get you there. But there is value to be missed if you could max it out. I wonder if they'll send selected flyers for bigger SUB's like the FU 4% offer.

Re: Chase Changes FU SUB

CH-7-Mission-Accomplished — Tue, 27 Aug 2019 20:27:23 GMT

@rgate88 wrote:
Just saw that Chase has now changed the SUB on the FU from 3% for the first year on the first $20k, to now match the Freedom ($200 on $500 of spending).

Thoughts on this? I'm in the garden for now but was really hoping to get the FU and rack up that bonus. Such a shame.

I know this is off topic, but since I am locked out of Chase for probably the rest of my life (50K IIB), I just can't get past the Chase "FU" card. You know where my mind goes. And it's what Chase would tell me in a New York minute!

Good for those of you who can get these cards from Chase. For travel benefits, which is my thing, they are unsurpassed (except by AMEX, which I'm also locked out of).

Re: Chase Changes FU SUB

Anonymous — Tue, 27 Aug 2019 22:49:45 GMT

@coreysw12 wrote:
That stinks... the 3%/20k SUB was pretty sweet. It was worth $300 (in addition to another $300 you'd get without the SUB).

The $200 SUB is FAR easier to get, because you only need to spend $500 instead of $20k... but for anyone who was going to spend $20k in the first year anyways, they're now missing out on a free $100

Right but that on that additional $19.5K spend, you could get a few other sign-up bonuses far exceeding $100.

Re: Chase Changes FU SUB

coreysw12 — Tue, 27 Aug 2019 23:00:02 GMT

@Anonymous wrote:
@coreysw12 wrote:
That stinks... the 3%/20k SUB was pretty sweet. It was worth $300 (in addition to another $300 you'd get without the SUB).

The $200 SUB is FAR easier to get, because you only need to spend $500 instead of $20k... but for anyone who was going to spend $20k in the first year anyways, they're now missing out on a free $100

Right but that on that additional $19.5K spend, you could get a few other sign-up bonuses far exceeding $100.

For anyone who regularly churns cards for SUBs, Chase probably isn't a good option anyways

Re: Chase Changes FU SUB

NRB525 — Tue, 27 Aug 2019 23:49:17 GMT

On the bright side, you could put a large portion of the spend on your World of Hyatt card, and end up with another free night, plus all the points, including double points on dining, airfare, and gym fees. Most likely 3 nights, possibly 4 depending on the Hyatt destination. After you get the $200 SUB for the CFU.

Re: Chase Changes FU SUB

kdm31091 — Wed, 28 Aug 2019 01:06:39 GMT

@vic6string wrote:
Not a big surprise.... math and marketing don't mix. Getting back an extra 1% on 20k doesn't make the splash on the screen that "Get $200!" does for most people. Even the 4% deal probably draws less eyes than just the flat $200 from a marketing standpoint.

Pretty much this. For the average consumer who will probably glance at CC ads for two seconds, an extra 1% reward just doesn't have the splash to draw their attention. "Get $200!" is much more straightforward.

Re: Chase Changes FU SUB

Aim_High — Wed, 28 Aug 2019 01:44:03 GMT

@rgate88 wrote:
Just saw that Chase has now changed the SUB on the FU from 3% for the first year on the first $20k, to now match the Freedom ($200 on $500 of spending).

I wasn't a player for this but a shame to see it go.

All good things must come to an end ...

There is a similar SUB that I have talked about here though that could actually be a better deal than the Freedom Unlimited. Discover is still offering to match bonuses paid in first year on their cards. The Discover IT MILES card earns 1.5% UNLIMITED back and Discover will match it at end of year one, so you could theoretically earn a lot more than $600 once you surpass the $20K spend. Their "miles" isn't like other travel cards in that you can redeem them for a flat 1cent/point cash back.

Re: Chase Changes FU SUB

Aim_High — Wed, 28 Aug 2019 01:38:31 GMT

@CH-7-Mission-Accomplished wrote:
I just can't get past the Chase "FU" card. You know where my mind goes. And it's what Chase would tell me in a New York minute!

Lmao

You realize we on My Fico are the only ones who commonly use and recognize that "FU" though with all our forum abbreviations. The general population would be thinking the same thing!

Re: Chase Changes FU SUB

Aim_High — Wed, 28 Aug 2019 01:43:11 GMT

@NRB525 wrote:
On the bright side, you could put a large portion of the spend on your World of Hyatt card, and end up with another free night, plus all the points, including double points on dining, airfare, and gym fees. Most likely 3 nights, possibly 4 depending on the Hyatt destination. After you get the $200 SUB for the CFU.

So many options with Chase. That's a good point.

I just got the Hyatt card. Great $850 value SUB. Moving my $30K SL to other Chase cards though, some of it moved already. I don't think I stay at Hyatt's enough to reap enough differential benefit from having a sole Hyatt card and will just concentrate my rewards on the CSR. Same for my Marriott Bonvoy Boundless. I like the flexibility I have with earning and redeeming on CSR. Latest valuation on UR points is 2.0 cents and WoH points is 1.7 cents, so about a wash. (The Points Guy website; August 2019.)

Re: Chase Changes FU SUB

coreysw12 — Wed, 28 Aug 2019 04:27:03 GMT

@Aim_High wrote:
@CH-7-Mission-Accomplished wrote:
I just can't get past the Chase "FU" card. You know where my mind goes. And it's what Chase would tell me in a New York minute!
Lmao

You realize we on My Fico are the only ones who commonly use and recognize that "FU" though with all our forum abbreviations. The general population would be thinking the same thing!

Whenever you get poor service somewhere, always make sure to pay the bill with your FU card

On an unrelated note, Alliant still has that nifty VS card that also offers 3% cashback for the first year, but with no cap. And even after the 1st year, it is good for 2.5%. There's a $95 AF, of course, but if you charge over $11k/yr on the card, the AF pays for itself. It's a really good "everyday spending" alternative to the FU - as even with that awesome 150% bonus if you pair the FU with a Sapphire Reserve, it's still only earning the equivalent of 2.25%. After my FU SUB has run its course, I'm hoping to switch my everyday spending to the Alliant VS if they'll give me one.

Re: Chase Changes FU SUB

M_Smart007 — Wed, 28 Aug 2019 04:45:46 GMT

@Aim_High wrote:
@CH-7-Mission-Accomplished wrote:
I just can't get past the Chase "FU" card. You know where my mind goes. And it's what Chase would tell me in a New York minute!
Lmao

You realize we on My Fico are the only ones who commonly use and recognize that "FU" though with all our forum abbreviations. The general population would be thinking the same thing!

I can see going into a Chase branch and saying .."Am I approved for the FU"

Re: Chase Changes FU SUB

SEAlifer — Wed, 28 Aug 2019 05:00:04 GMT

I mean, it’s more straightforward to the consumer who gets $200 vs 3% times whatever they’re gonna spend in x number of months. I was personally more enticed by the 3% for the 1st year than this.

Re: Chase Changes FU SUB

FieryDance — Wed, 28 Aug 2019 05:22:20 GMT

Darn! This was going to be my first card after I come out of the garden next Feb. I knew of all the 3% first year cards Chase would be first to end and here we go.

This garden really isn’t very pretty.

Re: Chase Changes FU SUB

SEAlifer — Wed, 28 Aug 2019 05:24:14 GMT

I just looked at my referral link on Credit Karma and the 3% offer for the first year up to $20K in spending is still on there.

Re: Chase Changes FU SUB

Anonymous — Wed, 28 Aug 2019 10:24:19 GMT

I got my FU end of July with the 3% offer, which is great, but $200 for $500 spend would have worked better for me. I'm not someone who's likely to put $20K through the card in a year no matter what kind of bonus they offer... I just can't afford it.

I'll just have to enjoy my 3% for the remainder of the year.