July 14, 2009
Chase Freedom “Upgrades” Some, Downgrades Others
Written by: KyleIf you like this post, please subscribe to our Email Subscription to read our new posts in your email.
As my daily spender, I use the Chase Freedom credit card. It earns me 3% on many of the things I buy most. Without warning, I received two shiny new cards in the mail stating now I have the Chase Exclusives Freedom card. Upon further investigation, I found there is almost no difference between my old chase freedom card and my new one…except the chase exclusives does not report a credit limit – which may hurt your FICO score.
Not all cardholders got the same deal. It seems because I had a Chase checking account, I received the exclusives card. Those that didn’t have a chase checking account got “upgraded” to a version of the card with an annual fee. If people were smart enough to use this card as their daily spender because it offered just about the best benefits around, they’re probably smart enough to change their card or cancel it all together before the annual fee is charged. They have a while to decide to keep the card, however. The annual fee is waived for the first year.
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