Oh boy. This is the look my momma would give when one of us kids would—let her tell it—embarass her in public. You just knew the moment you got home, the switch was coming out. 😂🤣😆
The Amazon Visa card, Sapphire cards & their mortgage rates are pretty good.
The Freedom is knock off of the Discover IT & the Unlimited is pretty mediocore.
Freedom was launched in 2006 and had 5% categories certainly by 2012 (see the list https://millionmilesecrets.com/news/chase-freedom-categories-2012/)
Discover IT launched nationally 2013 (https://investorrelations.discover.com/newsroom/press-releases/press-release-details/2013/Discover-L...)
So not a knock off. + for those that can use URs, 5UR is very different than 5%
My experience with Chase is kind of counter to the norm, which I didn’t realize until recently (and perhaps too late).
The Freedom was my first ever card (and my only open revolver until recently). I can’t remember my SL, but I think it was around $4k. I received a generous auto-CLI (or two) to $10k within about a year. A couple years later, I ran up a large balance and got a CLD to $8500. Surprisingly though, they didn’t balance chase me and have been very lenient with my high util/balance carrying throughout grad school.
They recently approved me for the CSP even though my credit score isn’t where it should be. Now that I know about Chase’s reputation, I’m bracing myself for AA. So that obviously sucks. But if they let me keep my accounts I’ll be a very loyal customer. They helped me get my start in credit, and I like the flexibility of their rewards program.
Just like every other lender, how they treat you will depend on how you use them. Despite what you read here, they really don't mind you carrying a balance if you can show it isn't an issue and your balances aren't volatile.
I thought about staying away, but I don't want to miss this party.
Chase isn't all things to all people, but for some of us, they fit very nicely. My personal takes on why I like Chase as a credit bank:
1. They're accomodating to me. I've never been denied an application or a CLI with them. There was even a time or two when they asked why I wanted a $10,000 CLI and I was like "It's Tuesday, that's all I got." and they're like "Cool. Here you go."
2. They align with my travel partners. I'm heavy into *A flying, and there's really nowhere I can't book an award flight to that I can't use UR for.
3. Their app works well and my cards with them integrate easily into Apple Pay.
4. Transactionally, their system is one of the best. Failures are nearly non-existant, the fraud detection works very well, and I know they'll work no matter where in the world I am.
5. Support's no better or worse than the others. Like American Express, they love to blow sunshine up my backside when I call. Unlike American Express, they'll fulfill my requests rather than give me a runaround.
My take on the tension is if they didn't have 5/24, most of this forum would fawn over them, but because they tell churners to pound sand people get in a huff, cross their arms, and basically start justifying to themselves that either they're not all that or other people are irrational for liking them to make them feel better about their own rejection. It reminds me of how some men act when a woman turns down their advances.