Chase Double Cash Back Offer

[KLEXH25]

Has anyone else seen this? I've been thinking about applying for either the Chase Freedom Flex or Unlimited to complement my CSP card, and then I got an email from TPG about a Double Cash Back offer from Chase. Here's the description: "Special Offer: Unlimited Matched Cash Back. Use your card for all your purchases and at the end of your first year, Chase will automatically match all the cash back you earned! There is no limit to how much you can earn. Every dollar in cash back rewards you earn is a dollar Chase will match."

So instead of the $200 SUB + 5% grocery and gas for a year, they will double all of the cash back you earned at the end of your first year. So, 5% travel portal spend becomes 10%, 3% on dining and drugstores becomes 6%, and the 1.5% on everything else becomes 3%. Honestly, I was leaning more heavily towards CFF than CFU, but this offer makes me reconsider (at least for the short term). Any thoughts about this?? Pros? Cons?

[SouthJamaica]

Looks great to me. I would grab it.

[GZG]

It's a math question, AskSebby has a calculator so you can do the math for your spend

Also consider the opportunity cost of not being able to open other cards for subs without losing value

[Savage225]

Seems to be a good offer if no plan on other SUBs for a little

[JoeRockhead]

It's already a good card, and sounds like a really nice offer.  

[CreditCuriosity]

All about simple math really.  Depends on spend and value of a UR.  Min 1CPP amd possibly could be worth more.

[KLEXH25]

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@GZG wrote:

It's a math question, AskSebby has a calculator so you can do the math for your spend

Also consider the opportunity cost of not being able to open other cards for subs without losing value

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This is exactly what I was thinking. I need to do the math, because I don't see getting much use out of the drugstore or portal spend. But I could just make it an every day spend card for 3%.

Thanks for sharing the calculator - I'll check it out.

[Blender]

I would check out this offer on DoC, there are a few posts with the math already broken down for you, this offer vs standard SUB. For me and my spend, the $200 SUB ends up being a better offer than the double cash back

[ptatohed]

That's a nice benefit but giving up an easy $200 would be tough.  

Let's just say that with the double CB offer, you averaged 4% CB for the first year.

With the regular freedom Unlimited offer, you averaged 2% CB.

.04 x $X = $200 + .02 x $X, solve for $X (1st year spend with 2x you'd need to meet just to break even with $200 offer)

$X = $10,000 

Of course the 2% and 4% are just guesses for the example but you can see it does take quite a bit of spend to make the 2x CB offer come out better than the $200 welcome offer.  

[CreditCuriosity]

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@ptatohed wrote:

That's a nice benefit but giving up an easy $200 would be tough.  

Let's just say that with the double CB offer, you averaged 4% CB for the first year.

With the regular freedom Unlimited offer, you averaged 2% CB.

.04 x $X = $200 + .02 x $X, solve for $X (1st year spend with 2x you'd need to meet just to break even with $200 offer)

$X = $10,000 

Of course the 2% and 4% are just guesses for the example but you can see it does take quite a bit of spend to make the 2x CB offer come out better than the $200 welcome offer.  

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Ya did some napkin math earlier and believe it came out to 13kish assuming 1.5cpp(being the double part) to start beating the $200 bonus.  So spend would deffinetly have to be up there or just be more simple to go for the normal $200 bonus.  My math could be incorrect, but most simple scenario.  Someone please correct me if I am wrong as certainly could be.