Amazon 4% on Everything Else Offer

[Anonymous]

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@Anonymous wrote:

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@UncleB wrote:

I've had the card since January 2017 and I've never received an offer. 

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Amateur. I have the card since January 2005 and never got an offer.

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Oh, johnny-come-lately, I got mine in May 2004.   On the other hand, I have received offers, just never any interesting ones.

[Anonymous]

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@sarge12 wrote:

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@SouthJamaica wrote:

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@Anonymous wrote:

Hi All

I wanted to share this. Looks like I'll be using this card

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Wow. That is pretty amazing.

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I recieved the offer, but reading the fine print, it indicated I would have to open a chase checking or savings account to get the promo. It was in the details after clicking on the offer. I have no desire or need to have another checking or savings account.

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Can you post the fine print?  I haven't seen this mentioned and it would be a big drawback.

[DeschutesMyVaronis]

Here is the fine print. I think sarge12 misread about need for Chase checking and savings account. It looks like it's just language saying you need any checking/saving to redeem the cash back. I personally just do a statement credit then PIF the difference. See below, made the relevant text bold.

TERMS AND CONDITIONS

1 During the promotional period, earn a total of 4% Back on the purchases made with your Amazon Rewards Visa Signature card that normally earn 2% and 1% Back. That's an extra 3% Back in addition to the 1% Back you earn on the purchases in the 1% Back category and an extra 2% Back in addition to the 2% Back you earn on purchases in the 2% Back category. To be eligible for this offer, you must log on to the website referenced in this offer and activate by 09/22/20, 11:59 PM ET. All purchases eligible to earn the extra % Back during the promotional period 08/11/2020 to 02/11/2021, including those that occurred during the promotional period prior to meeting the offer requirements, will automatically earn the extra % Back and be reflected on a future billing statement. The extra points earned for this promotion during the applicable monthly billing cycle are generally available to be used at the beginning of the next billing cycle; bonus points earned on purchases made near the end of a billing cycle may take up to one additional billing cycle to become available. To qualify for this promotional offer, your account must be open and not in default at the time of fulfillment. This promotional offer is non-transferable. For more information about your rewards program, see your Rewards Program Agreement.

2 "% Back rewards" are the rewards you earn under the program. % Back rewards are tracked as points and each $1 in % Back rewards earned is equal to 100 points. You may simply see "% Back" in marketing materials when referring to the rewards you earn. There is no minimum number of points needed to redeem for cash back (card account statement credit or electronic deposit into an eligible checking or savings account held by a financial institution located in the United States). You can use your points to redeem for any available reward options. Options may include: eligible purchases at Amazon.com, travel, cash, and gift cards. When you use points to redeem for eligible purchases at Amazon.com, travel, cash, and gift cards, each point is worth $.01 (one cent), which means that 100 points equals $1 in redemption value. Redemption values for other reward options may be worth more or less than that. See Rewards Program Agreement for details on earning and redeeming points. If you are a Chase Online customer, your Rewards Program Agreement is available after logging in to chase.com. For more information about Chase rewards categories, see chase.com/RewardsCategoryFAQs.

[sarge12]

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@Anonymous wrote:

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@sarge12 wrote:

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@SouthJamaica wrote:

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@Anonymous wrote:

Hi All

I wanted to share this. Looks like I'll be using this card

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Wow. That is pretty amazing.

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I recieved the offer, but reading the fine print, it indicated I would have to open a chase checking or savings account to get the promo. It was in the details after clicking on the offer. I have no desire or need to have another checking or savings account.

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Can you post the fine print?  I haven't seen this mentioned and it would be a big drawback.

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No, it does not come back up, and the terms from my offer were different than what is posted here. My offer explicitly required an open  Chase checking or savings account, and even required eft direct deposits to the account. Apparently it is just not the same offer mentioned here. The offer I received was a straight up incentive to lure me into becoming a checking or savings customer for Chase. It was a popup when I either was logging on, or off of my chase credit card account...not an e-mail. This offer described here, with the terms shown has not been offered to me. It even spelled out that I would start receiving the increased rewards after the first direct deposit from an employer or social security or retirement account, but I think it was offering 4% for 18 months. In any case, I declined after carefully reading the terms. PS:: Even in the terms shown here it appears to require an open checking or savings account somewhere...Why? I always redeem via statement credit or use points toward Amazon purchases. Why would an eligible account anywhere be needed for that?

[SarahJo]

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@DeschutesMyVaronis wrote:

Here is the fine print. I think sarge12 misread about need for Chase checking and savings account. It looks like it's just language saying you need any checking/saving to redeem the cash back. I personally just do a statement credit then PIF the difference. See below, made the relevant text bold.

2 "% Back rewards" are the rewards you earn under the program. % Back rewards are tracked as points and each $1 in % Back rewards earned is equal to 100 points. You may simply see "% Back" in marketing materials when referring to the rewards you earn. There is no minimum number of points needed to redeem for cash back (card account statement credit or electronic deposit into an eligible checking or savings account held by a financial institution located in the United States). You can use your points to redeem for any available reward options. Options may include: eligible purchases at Amazon.com, travel, cash, and gift cards. When you use points to redeem for eligible purchases at Amazon.com, travel, cash, and gift cards, each point is worth $.01 (one cent), which means that 100 points equals $1 in redemption value. Redemption values for other reward options may be worth more or less than that. See Rewards Program Agreement for details on earning and redeeming points. If you are a Chase Online customer, your Rewards Program Agreement is available after logging in to chase.com. For more information about Chase rewards categories, see chase.com/RewardsCategoryFAQs.

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Agreed that it is just saying your Isle of Man account isn't an option for CB deposit ;-)

[A-B]

Wow.  This is a really nice offer for those who received it.  

I did not receive an offer, so I sent a secure message to Chase asking about it. 

I'm fully expecting to get some kind of generic, corporate answer... But at least I tried.   

Some DP on my account...  

Opened: May 2006. 

Current CL: $14K.   

Current balance:  About $2250. 

2019 spending:  About $520/month.  

Account is usually PIF monthly.  However, current balance is on 0% financing promotion. 

[randomguy1]

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@A-B wrote:

Wow.  This is a really nice offer for those who received it.  

I did not receive an offer, so I sent a secure message to Chase asking about it. 

I'm fully expecting to get some kind of generic, corporate answer... But at least I tried.   

Some DP on my account...  

Opened: May 2006. 

Current CL: $14K.   

Current balance:  About $2250. 

2019 spending:  About $520/month.  

Account is usually PIF monthly.  However, current balance is on 0% financing promotion. 

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You might be able to check it here:

https://www.chase.com/mybonus

[sarge12]

Why would customers need to activate an offer to increase the rewards if there are no additional requirements at all? Why would Chase even make such an offer? It does appear this offer just says that rewards can not be redeemed to a foreign or ineligible account? So that is very different than the offer I received, and who would not opt in to increased rewards with no requirements. If Chase is just offering it to reward loyal customers, why not just make a statement that until Feb 11, 2021 they are increasing the rewards if the account is in good standing? They do not have to receive customer approval for a rewards bonus do they? What is Chase getting out of this offer? It seems every offer I have ever gotten required something to qualify, increased card use to satisfy a minimum spend, doing a balance transfer, or something? I am having a hard time seeing how this offer could benefit Chase, unless it is targeting those who carry balances and pay interest only. Then perhaps they are wanting the interest you would otherwise be paying others to be paid to them. I often receive mor enticing offers to open a savings or checking account. The offer I got also offered a cash incentive of, I think 50 dollars if I deposited xxx number of dollars in direct deposits in  addition to the 4% cash back on the card for, I think 18 billing cycles. Just a totally different offer.

[A-B]

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@randomguy1 wrote:

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You might be able to check it here:

https://www.chase.com/mybonus

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Thank you.  I did not know about this site.  

"Thank You.  The offer you are attempting to access is not available for the card account you entered. If you have another account, please try signing in using that card's information."  

[Anonymous]

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@sarge12 wrote:

Why would customers need to activate an offer to increase the rewards if there are no additional requirements at all? Why would Chase even make such an offer? It does appear this offer just says that rewards can not be redeemed to a foreign or ineligible account? So that is very different than the offer I received, and who would not opt in to increased rewards with no requirements. If Chase is just offering it to reward loyal customers, why not just make a statement that until Feb 11, 2021 they are increasing the rewards if the account is in good standing? They do not have to receive customer approval for a rewards bonus do they? What is Chase getting out of this offer? It seems every offer I have ever gotten required something to qualify, increased card use to satisfy a minimum spend, doing a balance transfer, or something? I am having a hard time seeing how this offer could benefit Chase, unless it is targeting those who carry balances and pay interest only. Then perhaps they are wanting the interest you would otherwise be paying others to be paid to them. I often receive mor enticing offers to open a savings or checking account. The offer I got also offered a cash incentive of, I think 50 dollars if I deposited xxx number of dollars in direct deposits in  addition to the 4% cash back on the card for, I think 18 billing cycles. Just a totally different offer.

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Why is this different than having to opt in to the 5% category for Freedom/Discover etc each quarter (which I have also railed against!)   Presumably there is the theory that opting in makes the consumer more aware and so will use the card (plus the breakage theory).

As to the long term benefit to Chase, this is just like a sub, and hopes that enough consumers will get in the habit of using the card, and continue use after the offer ends (especially if they aren't reward maximizers with lots of cards)