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I understand that many who have the Chase Sapphire Preferred have recently gotten EMV (Chip and Signature) versions of their cards and I just called in to request one on my account as it seems that we are transitioning to this new technology. However, I was told by Chase that they are not offering the chip card to MasterCard accounts. I was told that I had to convert my account to a Visa card in order to get the chip and signature feature. I told the guy "thanks, but no thanks...I would rather keep my card as a MasterCard."
After some further research this seems to be valid. Either way, has anybody with a CSP MasterCard been able to get a chip version? I also understand that Chase seems to want to drop MasterCard completely and offer Visa products only...and that all current MasterCard account holders will eventually get Visa cards. Is this true? Can anybody shed some light?
It's hilarious, I actually got 5 non-emv cards in the mail after calling in multiple times and they didn't know why. They said they were going to completely drop Mastercard from some of their cards so I just converted to a Visa right there so I didn't have to deal with it in the future. So I should be getting an EMV card soon.
I think you can get the signup bonus again by applying for the Visa card. At least you used to be able to. That's what I'd be more concerned with. And then you can get your EMV chip.
It's that time of the year where Visa is more popular than Mastercard, same thing is happening with Citi with their thankyou cards. Premier & Preferred now only come with Visa unless you were preselected for a MC.
@GeneralCucumbre wrote:Either way, has anybody with a CSP MasterCard been able to get a chip version?
I haven't and was told the same thing -- after receiving a non-EMV replacement when I requested one with EMV.
As part of Chase expanding their relationship with Visa, they are moving all of the Chase branded products (Freedom, CS, CSP, Ink, Slate) to Visa. Existing MasterCard accounts will be issued a Visa or Visa Signature card beginning in 2014. Afaik you can no longer apply or convert into a MC version of the aforementioned products effective 11/1. This is what I was told via SM so take it with a grain of salt
I bet this was somewhat motivated by a desire to cut down on sign-up bonus chasers who applied for both Visa and MC versions of a card offering. It's too bad Visa won out though.
@370Z wrote:I bet this was somewhat motivated by a desire to cut down on sign-up bonus chasers who applied for both Visa and MC versions of a card offering. It's too bad Visa won out though.
I doubt it. I would imagine it has a lot more to do with getting a better deal from Visa on fees for using their payment network in exchange for moving over several card products.