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So it appears that with the "Plus" version, you get an extra $50 just for making your first purchase. This seems to make up for the rewards fee for an additional year, plus 2/3 of the following year's fee. Meaning you effectively get to carry the card fee-free for two years instead of one, and the third year would only be an extra $10 (it would actually be $30, but only $10 would come out of your pocket since you got an extra $50 with the first purchase).
During that three-year period, you get the benefit of no caps on your 3% rewards and you get that rate in the top six categories instead of the top three.
If someone were planning to apply for Chase Freedom anyway, is there any reason not to give the Chase Freedom Plus a try for at least the first three years?
FretlessMayhem wrote:
That's an excellent catch. Even after the first year with the $30 fee assessed, if I ran all of my purchases through that card all year, I think we're talking some serious cash back.
I might have to call and see if they can switch me. However, I do stress that the normal Freedom card is an awesome credit card and I highly recommend it.
psychic wrote:
The Chase Freedom Plus card appears to be the best choice for an individual applying for a new Chase account.If you're an existing Chase cardholder, and wish to do a product change to the Chase Freedom card, you'd have to weigh the costs and benefits between the regular Chase Freedom and the Chase Freedom Plus cards. When I changed my Chase Free Cash Rewards card to the regular Chase Freedom card, I wasn't offered any new account holder incentives, such as a $50 credit after my first purchase, etc. I'm uncertain if Chase would waive the Plus version's $30 annual fee for the first year for existing Chase cardholders wishing to do a product change.However, if I wanted to apply for a new Chase Freedom account, I certainly would choose the Chase Freedom Plus, and give it a try for at least 3 years!
Message Edited by psychic on 07-07-2008 02:54 AM
rbbyrbsn wrote:
I've herd that now you can have 6 just by having a checking account with them
@Anonymous wrote:
@Anonymous wrote:
I've herd that now you can have 6 just by having a checking account with themAre you saying that that you can get 3% cash back on your top six categories if you have a standard Chase Freedom account along with a checking account with Chase ?Those rewards are probably still capped, though, right?
Message Edited by cheddar on 07-07-2008 06:19 AM