topic Re: Chase Mastercards Changing to VISA in Credit Cards

Chase Mastercards Changing to VISA

CribDuchess — Sat, 12 Apr 2014 18:06:43 GMT

Last night I checked my mail box and had three different letters from Chase. One letter was notifying me that my Freedom Mastercard was being changed to a Visa and that my replacement Visa card would arrive by June 14th. The letter states that my account number is changing (obviously since it will now be a Visa).

The back of the letter has some FAQs and the last one reads as follows:

Question: I have another Mastercard credit card with Chase. Will that be replaced with a Visa card too?

Answer: As part of our expanded relationship with Visa, we expect to replace more Mastercard cards with Visa cards.

Anyone else get this letter regarding a Chase Mastercard product?

Re: Chase Mastercards Changing to VISA

Anonymous — Mon, 14 Apr 2014 18:54:50 GMT

Thanks for the info. This depresses me! My desire is for the MasterCard as I have more than enough Visa cards. A question to all... what is available in the market place that equals a good reliable Mastercard that has rewards and CLs above $5K? Still depressed as I called JP Morgan Chase Freedom Cards and they confirmed that all of the Chase Freedom Mastercards would be converted to Chase Freedom Visas in waves. After the conversion the Master Card number will remain active for 60 days to allow for transitioning auto-billers. There will be no exceptions to the change. I tried to find a loop hole but Chase has the right to change based on business decisions with Visa. Interesting how the Chase IHG can be either a Visa Signature or a Chase IHG World Master Card (must be the co-branded affinity relationship). Oh, Chase explained that they were being sensitive to the differences between the Visa and Master Card benefits and would match or exceed the MC benefits.

Re: Chase Mastercards Changing to VISA

CribDuchess — Sat, 12 Apr 2014 18:45:03 GMT

@Anonymous wrote:
Thanks for the info. This depresses me! My desire is for the MasterCard as I have more than enough Visa cards. A question to all... what is available in the market place that equals a good reliable Mastercard that has rewards and CLs above $5K?

Yeah, it depresses me as well. I only have two Mastercards and I had specifically applied for the Freedom Mastercard so that I would have a MC (it was my first!). So now I'll be left with just one Mastercard - Barclays Sallie Mae.

I would recommend the Barclays Salle Mae Mastercard - it has rewards of 5% for gas & grocery (max of $250 spend each month in each category, then reverts to 1%) and 5% for bookstores (includes Amazon), (max $750 spend per month, then reverts to 1%). And, it has an initial purchase bonus of $25.00. I made my initial purchase at Amazon where I spent about $60.00 and I ended up only having to pay about $32.00 after applying my rewards to my statement.

Re: Chase Mastercards Changing to VISA

CribDuchess — Sat, 12 Apr 2014 20:42:04 GMT

Posting a copy of the letter and FAQ as per a PM request.

Re: Chase Mastercards Changing to VISA

mxp114 — Sat, 12 Apr 2014 20:45:53 GMT

Thanks Duchess for posting it so quickly.

Re: Chase Mastercards Changing to VISA

newhis — Sat, 12 Apr 2014 20:55:12 GMT

@CribDuchess wrote:
Last night I checked my mail box and had three different letters from Chase. One letter was notifying me that my Freedom Mastercard was being changed to a Visa and that my replacement Visa card would arrive by June 14th. The letter states that my account number is changing (obviously since it will now be a Visa).

The back of the letter has some FAQs and the last one reads as follows:

Question: I have another Mastercard credit card with Chase. Will that be replaced with a Visa card too?

Answer: As part of our expanded relationship with Visa, we expect to replace more Mastercard cards with Visa cards.

Anyone else get this letter regarding a Chase Mastercard product?

They changed my Debit Mastercard for a Debit Visa little over a month ago.

Re: Chase Mastercards Changing to VISA

CribDuchess — Sat, 12 Apr 2014 21:03:14 GMT

@newhis wrote:

Anyone else get this letter regarding a Chase Mastercard product?

They changed my Debit Mastercard for a Debit Visa little over a month ago.

Thanks for that bit of info, as that reminds me that I do have a debit Mastercard with my Chase checking account. Haven't received a notice about that one yet, but I suppose it's coming.

I'm guessing that those who have a World Mastercard will be given a Visa Signature?

Re: Chase Mastercards Changing to VISA

kevinjjc — Sat, 12 Apr 2014 21:22:44 GMT

Thanks for the heads up.

Re: Chase Mastercards Changing to VISA

ways2go — Sat, 12 Apr 2014 21:28:20 GMT

They are changing the IHG visa to a mastercard though.

Re: Chase Mastercards Changing to VISA

Imua — Sat, 12 Apr 2014 21:59:23 GMT

i just received my freedom MC statement in the mail this morning... no mention of changing to VISA

i went to my acct on chase website, and no mention of changing to VISA

freedom is my only MC

well, as long as no UR points are lost, i guess i can live with it

Re: Chase Mastercards Changing to VISA

Ron1 — Sun, 13 Apr 2014 04:32:49 GMT

Thanks for the info. I haven't reveived mine. It will be here next week.

Ron.

Re: Chase Mastercards Changing to VISA

H4LO — Sun, 13 Apr 2014 06:40:11 GMT

Another blow. I have too many VISA's. Debit or Credit.

My DMV doesn't even take VISA! Only Mastercard or check.

Had to go back home and get my Barclay card as I had no checks

Re: Chase Mastercards Changing to VISA

lakerfan2011 — Sun, 13 Apr 2014 15:32:22 GMT

i hope they dont change the united president plus card anyone know about that becuase i dont want to lose my avis presidentail stautus like the people with the united club card did with the visa benefits.

Re: Chase Mastercards Changing to VISA

anderl — Mon, 14 Apr 2014 00:45:02 GMT

Hmmm.....I wonder how Chase will convert my Pres. Plus World Elite MC to a Visa

Re: Chase Mastercards Changing to VISA

CreditScholar — Mon, 14 Apr 2014 02:16:41 GMT

@anderl wrote:
Hmmm.....I wonder how Chase will convert my Pres. Plus World Elite MC to a Visa

+1. I'm concerned about this as well. I was able to keep mine as a WEMC when I changed it from the PP, but if they change it over to Visa I won't have any MCs left.

Re: Chase Mastercards Changing to VISA

yudeology101 — Mon, 14 Apr 2014 03:07:41 GMT

@H4LO wrote:
Another blow. I have too many VISA's. Debit or Credit.
My DMV doesn't even take VISA! Only Mastercard or check.
Had to go back home and get my Barclay card as I had no checks

Yup me too until my recent two Barclays MC cards....before that it was Visa 16/ MC 1 = Visa Win.

Re: Chase Mastercards Changing to VISA

sexy_kitten7 — Mon, 14 Apr 2014 07:31:32 GMT

@Imua wrote:
i just received my freedom MC statement in the mail this morning... no mention of changing to VISA

All in-house Chase products (Freedom, CSP, etc) will be exclusively Visa. This does not include cobranded products (e.g. IHG), which may be either.

Source: I spoke to the EO back in Feb 2014.

Re: Chase Mastercards Changing to VISA

takeshi74 — Mon, 14 Apr 2014 12:51:44 GMT

@CribDuchess wrote:
Anyone else get this letter regarding a Chase Mastercard product?

I haven't but it's been known on the credit discussion sites that this is underway. I went ahead and converted my CSP.

Re: Chase Mastercards Changing to VISA

Anonymous — Wed, 16 Apr 2014 20:28:18 GMT

ive been waiting for chase to get an official notice out. thanks for sharing!

Re: Chase Mastercards Changing to VISA

Blackbeauty212 — Wed, 16 Apr 2014 20:48:19 GMT

I guess the Amtrak Guest Rewards will remain as Chase's sole MC offering.