topic Re: Chase is bad with math =) in Credit Cards

Chase is bad with math =)

distantarray — Mon, 17 Dec 2012 09:52:19 GMT

Get 20% off travel redemptions—with no restrictions or blackout dates—when booked through Ultimate Rewards. For example, 50,000 points is worth $625 in travel rewards.

Anyone ever notice this? places online state 20% or 25% travel bonus. but this is from Chase.com directly.

they state 20% but 50,000 x 1.25 = $625 20% would only equal $600

Also they got pictures stating 20% more for travel! that's $1934 in travel on my rewards page, yet that's really 25% more not 20%

and here I thought banks were smarter than that

Re: Chase is bad with math =)

OhioCPA — Mon, 17 Dec 2012 10:00:46 GMT

The savings on a $625 purchase is 20% ( 20% of 625 is $125). It depends on how you want to spin it.

Re: Chase is bad with math =)

maiden_girl — Mon, 17 Dec 2012 12:23:01 GMT

I'm still not getting my extra 10% bonus points for being a Chase checking customer. I'll have to call them up again and see what the deal is. Last time they had to go back and credit my rewards balance.

Re: Chase is bad with math =)

Anonymous — Mon, 17 Dec 2012 14:17:06 GMT

depends how you are reading it. a 20% discount is the same as a 25% bonus-inverse relationship

UR mall is is a 20% discount on travel with CSP. IE what normally cost 500, subtract 20%, which is 100, costs 400.

Inversely, you have 400 points, add 25%, which is 100, and that equals 500.

So they can say either 1) save 20% on travel booked through Ultimate Rewards or 2) 40,000 points(worth 500 dollars towards travel-IE 25% bonus) and both are correct statements.

Re: Chase is bad with math =)

SwiftTone — Mon, 17 Dec 2012 14:32:14 GMT

@maiden_girl wrote:
I'm still not getting my extra 10% bonus points for being a Chase checking customer. I'll have to call them up again and see what the deal is. Last time they had to go back and credit my rewards balance.

When I go into your Freedom account, under Rewards, there is a Rewards Program Details link I can click and it'll bring me to the detail for the 10 & 10 program that states

"As a Chase Checking customer, you get even more exclusive benefits.

Earn 10% extra pointson every $1 you spend
Plus 10 bonus points on every purchase"

I'd check if you have this.

Re: Chase is bad with math =)

Anonymous — Mon, 17 Dec 2012 16:55:13 GMT

@maiden_girl wrote:
I'm still not getting my extra 10% bonus points for being a Chase checking customer. I'll have to call them up again and see what the deal is. Last time they had to go back and credit my rewards balance.

Did you get both your Freedom card and Chase checking account before they discontinued the old 10 & 10 program?

Re: Chase is bad with math =)

Duncanrr — Mon, 17 Dec 2012 19:33:36 GMT

Is there anyway to get an itemized list by transaction of reward pts earned?

Re: Chase is bad with math =)

Anonymous — Mon, 17 Dec 2012 19:36:40 GMT

@Duncanrr wrote:
Is there anyway to get an itemized list by transaction of reward pts earned?

Not that I'm aware of. Just the monthly statements from Ultimate Rewards. They itemize how the points are earned, but the transactions are aggregated.

Re: Chase is bad with math =)

SwiftTone — Mon, 17 Dec 2012 19:55:38 GMT

@Anonymous wrote:
@Duncanrr wrote:
Is there anyway to get an itemized list by transaction of reward pts earned?
Not that I'm aware of. Just the monthly statements from Ultimate Rewards. They itemize how the points are earned, but the transactions are aggregated.

Thats what my impression is also. Really bad system in my opinion

Re: Chase is bad with math =)

Anonymous — Mon, 17 Dec 2012 20:07:16 GMT

@SwiftTone wrote:
@Anonymous wrote:
@Duncanrr wrote:
Is there anyway to get an itemized list by transaction of reward pts earned?
Not that I'm aware of. Just the monthly statements from Ultimate Rewards. They itemize how the points are earned, but the transactions are aggregated.
Thats what my impression is also. Really bad system in my opinion

What would be nice would be if that put the merchant categorization next to each transaction in your activity/transaction log, like AmEx does. I can usually figure out if something is amiss with my points, but it involves creating a spreadsheet and manually going through things.

Re: Chase is bad with math =)

Anonymous — Mon, 17 Dec 2012 20:11:22 GMT

you can use the blueprint feature. It doesn't always work 100% perfectly because blueprint categories don't necessarily break down the way the MCC codes do, but it can give you a good idea.

Re: Chase is bad with math =)

Anonymous — Mon, 17 Dec 2012 20:14:53 GMT

@Anonymous wrote:
you can use the blueprint feature. It doesn't always work 100% perfectly because blueprint categories don't necessarily break down the way the MCC codes do, but it can give you a good idea.

Yeah, that's what I end up using if I can't figure things out by process of elimination. It's a pain though and since the fix is so simple, I'm not sure why Chase hasn't done it yet.