Leak: Chase may end Ultimate Rewards pooling

[MrDisco99]

Inconsiderate to whom exactly?

This is business.  We do our best to gain the most advantage on the banks, and they do the same right back to us.  They have done their best to get rid of any obstacles to amoral neoliberal capitalism.  I say let's give it to them.  They're being inconsiderate if they don't expect it.

[Anonymous]

Pooling points between the Freedom cards or one household member  cards to your account is in no way abusing the system.  I find that notion ridiculous.  Chase created the UR system, the sign up and monthly bonuses and  the ability to combine points. If  they didn’t think people would intelligently pool them, then they are idiots.  They may have decided that it’s too costly but there is nothing wrong for consumers to do so.  In fact if you don’t then you’re the idiot. 

[Anonymous]

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@simplynoir wrote:

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@simplynoir wrote:

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@Anonymous wrote:

Just checked my g/f's account to transfer her points to mine and noticed that my account isn't there to combine points like it has for the last year and half.  Now I can add it add on her account again but seems strange that it was removed at all.

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Interesting. I'll find out myself for another datapoint when I transfer my GF's points to my CSR when I get back home.

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Update: transfers went fine. No hiccups on my end over here.

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Hmmm, I still get the ‘unexpected error’ message.  Did you have to add your credit card number again to be able to transfer them or was it still there from previous transfers?

[simplynoir]

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@Anonymous wrote:

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@simplynoir wrote:

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@simplynoir wrote:

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@Anonymous wrote:

Just checked my g/f's account to transfer her points to mine and noticed that my account isn't there to combine points like it has for the last year and half.  Now I can add it add on her account again but seems strange that it was removed at all.

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Interesting. I'll find out myself for another datapoint when I transfer my GF's points to my CSR when I get back home.

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Update: transfers went fine. No hiccups on my end over here.

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Hmmm, I still get the ‘unexpected error’ message.  Did you have to add your credit card number again to be able to transfer them or was it still there from previous transfers?

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Had to add it again. It was there before to do the transfers but there was no "rush" persay til now so technically this is the first transfer done.

[Anonymous]

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@redpat wrote:

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@UpperNwGuy wrote:

Hey redpat!  This is what I was talking about earlier today.

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I didn’t see that coming.  Well if I can’t transfer my ink+ to CSR, goodbye chase and hello Amex for all my personal and business spend.  I dumped my SPG points and I’ll do the same with my UR points. 

I did close my FU card and put that spend on my EDP card.

Citi nerfs and now chase pooling issue, Amex might be the last one standing.  The tortis wins all the time.

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You called? 

Seriously, I hope, hope, hope this one doesn’t come true. Was pretty at peace with my Chase Quad. Glad I didn’t have DH app for an FU earlier this week when I heard about the 3% first year. Was planning to do that this weekend. Not now. 

ETA: I successfully transferred from my F and Fu to my CSR and also from my Ink+ (different log in) to CSR as well. As others have said, I’ll just do it at each statement close now. 

I was was trying NOT to spread my points out, trying to clear out MR and accumulate (on two different accounts: DH and mine which obviously can’t be pooled) and trying to amass UR. Now I’m thinking that as long as I will have to potentially rethink things I may go for an Altitude Reserve at least for a year. Love the 3x Apple Pay.

[Anonymous]

As a newcomer to Chase, I don't have enough experience with any of their point systems to say whetehr it will be good or bad. And while I cannot say that this move will cause me to close my account, it will weigh heavily on my thoughts on whether I app for any other products they offer. Namely the Freedom. Maybe when they first structured the ability to combine points, they never though it would be utilized as much.

[Anonymous]

@longtime lurker - I'd argue that getting multiple insightcards is not inconsiderate. 2 things: 1. Insight isn't a CC, it's a prepaid card that, unless you use it as I was, functions to do nothing but fleece the cardholder. 2. I was not churning, nor as far as I could tell innately violating a policy. If I was not meant to have more than 1 insight card, then their card request system should not have approved me for 2 more cards. I've read of several people getting 2 or more insight cards - it's not the same as churning subs. For one thing I have to hold money in the account to earn interest, which of course im sure they're then loaning the money out for a profit on interest. For another thing I'm looking at $250 in a year for putting and holding $5k in there - not a $150 bonus for spending $500 in 3 months or less, then closing and reopening the card to do it again and again as many times as you can.

Was my approach towards Insight taking advantage of it? Sure. But it doesn't even slightly compare to the exploitative nature of churning sign-up bonuses repeatedly, and unlike Chase, the entire basis of insights offering relies upon charging ridiculous fees for things like making purchases and checking your balance at an ATM and calling a customer service rep. So quite frankly as far as I'm concerned, by offering that 5% savings account (which no doubt is just a draw to lure people in so they can start paying ridiculous fees), Insight is practically begging for people to take advantage of the savings account.

[Anonymous]

@MrDisco99 inconsiderate to other perspective customers. Taking advantage of the banks offerings is one thing, but churning SUBs excessively - to the point where if a substantial amount of (but really not all that many) people do it to that degree - ya gotta know that that's gonna lead to nerfing which is inconsiderate to other/future card members.

[Anonymous]

Chase talking about eliminating the ability to pool your points to a single card isn't abusive, but it is still a way that Chase is ultimately looking to save money on the UR program. So you're right this isn't abusive, but it goes to contextualize what degree of expense would prompt Chase to nerf their program: this isn't even about people manipulating their system, it's simply people utilizing a nice perk of the system...turns out that perk is costing Chase a lot of money apparently.

[red259]

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@Anonymous wrote:
Chase talking about eliminating the ability to pool your points to a single card isn't abusive, but it is still a way that Chase is ultimately looking to save money on the UR program. So you're right this isn't abusive, but it goes to contextualize what degree of expense would prompt Chase to nerf their program: this isn't even about people manipulating their system, it's simply people utilizing a nice perk of the system...turns out that perk is costing Chase a lot of money apparently.

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Last year I believe Chase had the most profitable year in the history of banking. So when I hear about something costing Chase money I play the world's smallest violin just for Chase. Chase is not struggling. They are nickel and diming their customers, because its all greed driven.