Comments on: Chase Freedom Cranks Up Rewards to 5% Cash Back

By: Aaron

Aaron — Thu, 15 Jul 2010 21:25:26 +0000

Actually, Chase clearly mentions the rebate caps online. And sorry Charlie, but the current 5% category has not an $800 cap, but a $1,500 cap, which would yield $75 in total rewards if maximized. The cap might change next quarter for all I know, but $1,500 is what it is for the July-September quarter.

Still, if you don’t want the $160, I’ll gladly take it off your hands.

By: Martin S.

Martin S. — Tue, 25 May 2010 15:53:28 +0000

Thank you Charlie.. I knew there was a catch given that Chase does not mention the rebate caps online, but then asks customers to refer the mailing for offer details.. That’s pretty scummy in my opinion, especially when most customers are coming to the card via web offers/advertising as opposed to actual mailings. Personally, I would stick to American Express which at least has the reputation for standing by their customers, as opposed to treating them like idiots..

By: Charlie

Charlie — Thu, 20 May 2010 03:06:56 +0000

Guess what? Your max savings with this card is $160/year as far as the 5% program. Thats because you only get 5% back on the FIRST $800 OF ELIGIBLE PURCHASES IN A 3 MONTH PERIOD. Do the math. This is a 1% back card. The 5% back is FALSE ADVERTISING

By: Earn Cash Now

Earn Cash Now — Mon, 29 Mar 2010 20:51:36 +0000

I am so glad there is a better card out there than the ones I keep getting in the mail. Most of the cards suck now days

By: Money Reasons

Money Reasons — Wed, 17 Mar 2010 01:20:45 +0000

Thanks for the info! I’ve been looking for a new high payback credit card!!!

By: Budgeting in the Fun Stuff

Budgeting in the Fun Stuff — Tue, 16 Mar 2010 17:09:40 +0000

The Discover More card has been doing this for years already (5% in rotating popular categories and 1% on everything else). They also have an automatic extended warranty policy (double up to 1 year), an automatic theft protection, a travel protection, discount gift cards as an option as well as cash back (I LOVE these), a $69.95 road-side service option, and awesome customer service (I’ve only had to use them once, but they made the accidental double-charge by my mechanic easy to remove). I’ve been with Discover for 9 years and am a very happy customer.

I mention this since Discover has been doing this for years. I’ve also had customer service problems with Chase when I was switched over from WAMU. They double-charged my account for my mortgage payment and it took 4 weeks to resolve completely.

Hope this helps.