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Major Chase Freedom Revamp - Effective 9/15/20

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Super Contributor

Re: Major Chase Freedom Revamp - Effective 9/15/20

3x on dining is nice, though a lot of people with an AF UR card already pay for a dining category. I already have better dining cards, even with no FTF.

 

I don't MS, so not much interest in a drugstore category. I hate drugstores. Long lines, limited selection, and price gouging. I'll go with Costco, Walmart, or waiting 36 hours for Amazon.

 

BofA's online shpping category is pretty broad. Going the Preferred Rewards route is also an option.

Spend: BofA PR + WWFCR, BBP, Schwab Platinum, Freedom x 2, Costco, Discover
Perks: IHG49, Hyatt75, Delta Platinum, "Old" SPG95
SD/AAoA Ballast: Arrival, CFU, DC
Upgrade/downgrade games: BCE, EDP
Mostly earning MRs and cash back as I use up hotel and airline points spread across several programs.
Message 11 of 445
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Valued Contributor

Re: Major Chase Freedom Revamp - Effective 9/15/20

Interesting...

 

If you have the CSP, you get 2x on dining and travel. With the FU, you'll get 3x on dining and 5x on travel via Chase Ultimate Rewards. Granted the CSP gives free Doordash Pass, but that doesn't offset the higher value in the FU on dining. If the Freedom cards are changing, watch the Sapphire cards since they will need to add value. The FU cash back can be turned into UR on a 1:1 basis, so I wouldn't be surprised to see a change on the CSP and CSR if the FU is changing, especially if travel is going to be in the shape it's in now for the next year or two. 

There's gold in them thar spades!
Message 12 of 445
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Super Contributor

Re: Major Chase Freedom Revamp - Effective 9/15/20


@SouthJamaica wrote:

@Saeren wrote:

This sounds too good to be true. Would make the Freedom Flex (I really don't like that name) one of the most valuable cards around. There's gotta be some kind of nerfing coming...


True that this sounds too good to be true. But I think it's true Smiley Happy

 

For the past 2 years I have been completely satisfied with my present roster of rewards cards, and had decided that I wasn't going to add any. A year or two ago I even had an in-branch prequalification for the Freedom, but didn't bite.

 

But this news definitely has me thinking.  If a prequalification came along now, I don't think I'd be able to resist.


I mean I would go for it if they pop an offer on Credit Journey but I'm still I-don't-know-how-many/24 and won't be 4/24 until 10/2021 so it's probably a moot point for me anyway. 

One casualty of this change is in-store usage at Costco. 

I had my eyes on the OG Freedom for quite some time now so the new benefits are just a bonus on a card I already wanted. 




Message 13 of 445
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Regular Contributor

Re: Major Chase Freedom Revamp - Effective 9/15/20

While interesting, I am now scared that UR ecosystem will be nerfed heavily, or some other catch. Hopefully they come out with it soon if so.

Message 14 of 445
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Established Contributor

Re: Major Chase Freedom Revamp - Effective 9/15/20

5% CB on travel portal is also a big game changer.

 

Right now I'm putting non-Hyatt travel spend on my AMEX Green for the 3x MR. At 5x UR I'd feel fairly compelled to spend through the UR travel portal because that is like 10% at 2.0 ccp per UR.

 

That would be about the same as AMEX Green at 3x MR and then another 3x airplane miles through a shopping portal.

 

Right now this is the best airline mile offerings from the third party travel portals.

 

Booking.com 4x miles (American Airlines)

Expedia.com 2x miles (United Airlines)

Hotels.com 2x miles (British Airways)

 

Given that Booking.com tends to have higher prices and that is only for AA it probably does make sense just to do the CFU or CFF and get an easy 10% value. That is assuming if the points will continue to be transferrable to a CSP which I think it will so they can make consumers pick up all of the cards. CSP however might become a different card with a gas benefit or something.

Official travel point totals as of 6/20/20 (Goal Free Travel)
Chase Ultimate Rewards 174,345
AA Advantage 15,331
United MileagePlus 13,256
British Airways Avios 11,332
Expedia Points 2,763
NASA Platinum Rewards 1883
Southwest Rapid Rewards 1,000
Hilton Honors 481
AMEX Membership Rewards 310
Delta Sky Miles 123
World of Hyatt 4
Marriot Bonvoy 0
Hotels.com Rewards 6/10 ($135.99)

Official cashback as of 6/20/20 (Goal Fund Roth IRA)
Acorns 584.73
Retail Me Not 85.12
Top Cashback 39.08
DOSH App 35.72
PEI App 27.69
Raise Cash 27.49
Club Overstock 23.87
Mr. Rebates 14.65
NFCU Rewards 2.96
Discover 2.67

Other Point Category
Freebird 3,500
Samsung Rewards 2,796
Open Table 1,500
Message 15 of 445
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Valued Contributor

Re: Major Chase Freedom Revamp - Effective 9/15/20


@SouthJamaica wrote:

@Saeren wrote:

This sounds too good to be true. Would make the Freedom Flex (I really don't like that name) one of the most valuable cards around. There's gotta be some kind of nerfing coming...


True that this sounds too good to be true. But I think it's true Smiley Happy

 

For the past 2 years I have been completely satisfied with my present roster of rewards cards, and had decided that I wasn't going to add any. A year or two ago I even had an in-branch prequalification for the Freedom, but didn't bite.

 

But this news definitely has me thinking.  If a prequalification came along now, I don't think I'd be able to resist.


The CFU is getting the same benefits. So if the rotating categories don't make sense to you, still, as they don't for me. Then the CFU may be a better option.






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Message 16 of 445
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Frequent Contributor

Re: Major Chase Freedom Revamp - Effective 9/15/20

Sounds like a nice upgrade and kinda goes after the Propel (3% dining, travel, gas) and Altitude Go (4% dining) to an extent.

Like everyone else, wonder what sort of implications the change to Mastercard will have down the line.
6/24/20 (pre spree for 4 new CC, refi student loan)
9/11/20 (post spree with 4/4 new CC [except TU w 3/4] and refi reporting)
Current Cards:
Message 17 of 445
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Super Contributor

Re: Major Chase Freedom Revamp - Effective 9/15/20


@MyFault wrote:

@SouthJamaica wrote:

@Saeren wrote:

This sounds too good to be true. Would make the Freedom Flex (I really don't like that name) one of the most valuable cards around. There's gotta be some kind of nerfing coming...


True that this sounds too good to be true. But I think it's true Smiley Happy

 

For the past 2 years I have been completely satisfied with my present roster of rewards cards, and had decided that I wasn't going to add any. A year or two ago I even had an in-branch prequalification for the Freedom, but didn't bite.

 

But this news definitely has me thinking.  If a prequalification came along now, I don't think I'd be able to resist.


The CFU is getting the same benefits. So if the rotating categories don't make sense to you, still, as they don't for me. Then the CFU may be a better option.


I probably would go for the CFU over the CFF; I don't like to waste my few remaining brain cells on remembering fluctuating categories.


Total revolving limits 654000 (575000 reporting) FICO 8 EQ 714 TU 731 EX 713

Message 18 of 445
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Community Leader
Valued Contributor

Re: Major Chase Freedom Revamp - Effective 9/15/20

I was getting ready to roll my CFU into CF. I'll have to reconsider options. The 3% on dining is becoming the norm, I now have Saver One, Verizon, AOD, Apple, and promo on Amazon.

I'm going to have to rethink card spend.

Under construction ⛔️ ⚠️
Message 19 of 445
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Valued Contributor

Re: Major Chase Freedom Revamp - Effective 9/15/20

A couple of things we can summize regarding Freedom Flex:

  1. Dining will no longer be a rotating category
  2. Ordering through Postmates may be the most profittable way to earn points while ordering in.
    1. Freedom Flex has 3% back on dining and an added benefit of MC World Elite is:

      $5 off every purchase of $25 or more (not including delivery fees, tips and taxes). Postmates provides on-demand delivery from hundreds of thousands of restaurants and stores across the US.5

This is kind of interesting but it makes me kind of sad because dining is one of my bigger spend categories and I liked having 3% on my Marvel card and 5% during that quarter under Freedom. Now my Marvel card is basically getting SD'd except for a couple recurring entertaining purchases I have on it. 

"Show your thanks with action! Hit the "Kudos" button (the stripe with the star) for every post you find helpful to show your appreciation to the community of great individuals who help you on these forums" -Me

Active Cards: Chevron Texaco, Amex BCE, Barclays Ring, Chase Freedom, Chase Freedom Unlimited, Best Buy Visa, Marvel MC

Message 20 of 445
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