Chase Slate product change HELP!!!!!

[fltireguy]

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@Bmn5940 wrote:
Also to add I'm an 18 year old student at Penn State University. So I buy groceries a lot but I use my 3% blue Amex for them and 2% back for gas. Also I find myself using my cap1 QS heavily on Amazon/Any other store I need stuff from. My citi thank you I use for going out because 2X points on dining and entertainment is nice. Now I have a choice with this chase card to be another 1.5% cashback or the freedom 1% and 5% if I get lucky with categories. I'm planning a lot of travel this summer international and domestic. These are pretty much my spending habits

Just looking at your pose.. a few questions:

IF you have heavy Amazon spend, why not a Chase Amazon Visa? (5%) - by using your QS1 on Amazon,  you are effectively throwing out 3.5% !!!!! Open an Amazon Visa, and if the SL is low, have them move some of the CL from your other card after you PC it.

Also, if you spend a lot on groceries, as you stte, you might be better off with an Amex BCP, as opposed to Blue - BCP gets you 6% up to $6K per year on groceries - een with the AF its still a good deal

[Anonymous]

This is the response I got back:

"Hello Leezzy,

We'd be happy to assist you with a card that better suits
your needs.

Let me share that you have the option of changing your
card to the Freedom Unlimited Visa Non Signature card.
Here's what you need to know:
- Your account number will not change.
- Annual Percentage Rate (APR) will not change
- Customers earn 1.5% cash back on every purchase with no
minimums to redeem for cash back.
- Your Freedom Unlimited card comes with Chase Ultimate
Rewards, our premier rewards program that lets you redeem
rewards for travel, gift cards, cash back and more.
- Product includes a 3.00% foreign transaction fee for any
transactions made in a foreign currency or made outside of
the United States of America, including some internet
transactions.

Please review the following information before we process
your request:
- Any promotional balances attached to the old account
will transfer to your new account based on terms of the
original promotion.
- If you have previously been excluded from receiving
solicitations, you will continue to be excluded going
forward.
- If any of the terms of your account have changed, you
will receive a letter in the mail explaining the changes
and your right to reject them.
- If you replace your Chase Slate account with a different
Chase product, access to your FICO Credit Score, monthly
history and other related features on Chase.com will no
longer be available for you to view.
- This reward product also has a shopping site where
you'll now earn even more rewards when you logon and shop
through chase.com
- Please note that your expiration date and signature
panel code will change. If you have automatic charges
billed to this account, you will want to inform those
merchants of the new expiration date once you receive your
new card.
- you are currently enrolled in a Digital Wallet, which
you may continue to use. If your account number is
changing, you will need to re-add the new card into your
wallet upon receipt.

If you wish to continue with this request, please reply to
this email. We're not able to process your request unless
we receive your confirmation.

We appreciate your business and thank you for choosing
Chase.

Thank you,"

[newhis]

My guess is that people use more the CFU than CF and Chase makes more money with CFU, that's why they push CFU. Some people think that Chase may close the regular Freedom in the future, at least for new apps.

[Bmn5940]

So can anyone shed some light on my best option would be? I wouldn't mind having another 1.5% cashback card although I thinks it's kinda dumb but at least I'll be earning money back, but those rotating 5% categories could come in handy. Also I'm not opening anymore cards as I'm content with what I have and want to stay under 5/24 rule for a CSP within the next year or later. Gardening and building my current cards

[K-in-Boston]

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@Bmn5940 wrote:
So can anyone shed some light on my best option would be? I wouldn't mind having another 1.5% cashback card although I thinks it's kinda dumb but at least I'll be earning money back, but those rotating 5% categories could come in handy. Also I'm not opening anymore cards as I'm content with what I have and want to stay under 5/24 rule for a CSP within the next year or later. Gardening and building my current cards

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If you think the 5% categories work for your spend and your goal is a CSP, then plain Freedom is the one to get.  It sounds like a lot of your spend would be dining and travel anyway, so once you get the CSP you'd be getting 5x on Freedom categories, 2x on dining and travel, and 1x on everything else.  Redeemed for travel through Chase, that's like 6.25%, 2.5% and 1.25%.  Obviously, to maximize UR points even more, you could consider adding the Freedom Unlimited later after you get the CSP to get 1.5% for non-travel/dining/category purchases, or 1.875% back for travel redemption.

[Bmn5940]

Yeah I think I'm going to ask to be changed to regular freedom instead of unlimited but the 1.875% on Travel is really testing me as I'm planning lots of trips this summer.

[K-in-Boston]

Keep in mind the 1.875% would only be if you transferred the UR points to a Chase Sapphire Preferred account and redeemed through the Chase UR portal.

[Poppa]

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@Bmn5940 wrote:
Yeah I originally wanted the regular freedom but if the FU is better than I'll stick with that. Does anyone have any opinions on what I should do? I want to respond to the SM tomorrow morning with a decision go for FU or ask for Freedom?

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If you want the freedom then you should get it. If it turns out you don't like it then you can change it to an unlimited. Or vice versa. Either way good job starting your credit early. Be careful with it.

[Anonymous]

Just an update.

When I first asked about changing Slate to a freedom card, they offered the Freedom Unlimited. But when I asked specifically about the original freedom, Chase replied with "an account that is open less than 12 months is not eligible to change to a different product." So YMMV. I guess I'm waiting til twelve months.

[Anonymous]

Update: After 3 or so messages back and forth, they changed my slate to a freedom unlimited. Professional APR will stay the same, etc, etc. They haven't responded yet...but I imagine i'll recieve a new card in a few weeks.