Author Topic: Rumored Chase Points Valuation Changes  (Read 6089 times)

Offline jack2act

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Rumored Chase Points Valuation Changes
« on: July 17, 2017, 08:15:38 AM »
I copied this from Dr of Credit and find his info quite reliable;

Chase Sends Out Survey Regarding Possible Changes To Transferring Chase UR Points For 1.5¢ Travel Redemptions
Reddit user msd2179 completed a Chase Customer Panel survey regarding the ability to transfer Chase Ultimate Rewards points to the Chase Sapphire Reserve to take advantage of the 1.5¢ per point value you get when redeeming for travel through the Chase travel portal. They wanted to know how users would feel about the following options:
1.   “When you combine the Ultimate Rewards points on eligible Chase Cards they would retain their original redemption value – that is, when transferred the points would retain the redemption value of the product they were initially earned on. For example you would not earn a travel redemption bonus if your transfer from a no fee card to a Fee card.”
2.   “You can only combine Ultimate Reward points between no-annual fee cards or between annual fee cards. You cannot combine Ultimate Rewards points between a no-annual fee card and an annual fee card.”
3.   “You can combine Ultimate Rewards points on eligible Chase cards at a 3:2 conversion ratio. For example if you would like to transfer 15,000 points from your Freedom Unlimited card to your Sapphire Reserve account, your Sapphire Reserve would be credited with 10,000 points (a 3:2 ratio). The transferred points would be granted the redemption value and options of the account to which they are transferred into.”
All three of these options are terrible and significantly devalue the current value you can get from the Chase Freedom Unlimited (1.5x Chase UR on all purchases) and the Chase Freedom (5x Chase UR on rotating categories). If they made these changes I assume they would also affect your ability to transfer the points to Chase’s travel partners as well. Obviously this is just a preliminary survey to see how customers would feel about these changes, but it isn’t good to see Chase even considering these types of negative changes.
If you received this survey, make sure you complete it so Chase knows how terrible these changes would be for cardholders. Might as well transfer over any points you have just in case as well.
Small Update: A number of months back, we heard a rumor from an insider that this kind of change was being looked at.
« Last Edit: July 17, 2017, 09:31:49 AM by Dan »

Offline rr1

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Re: Chase Points Valuation Changes
« Reply #1 on: July 17, 2017, 08:19:23 AM »
Just combined all accounts last night to Reserve including DW
Was nervous they may actually do this

Offline rr1

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Re: Chase Points Valuation Changes
« Reply #2 on: July 17, 2017, 08:20:11 AM »
I would change the title to "potential"

Offline foseph

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Re: Chase Points Valuation Changes
« Reply #3 on: July 17, 2017, 08:22:24 AM »
I would change the title to "potential"
+1, kinda got freaked out

Just combined all accounts last night to Reserve including DW
Was nervous they may actually do this
just did mine as well

Offline Dan

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Re: Chase Points Valuation Changes
« Reply #4 on: July 17, 2017, 08:35:30 AM »
They have done surveys like this for years and most of the time nothing comes of them.
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Offline JACKBLUE

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Re: Chase Points Valuation Changes
« Reply #5 on: July 17, 2017, 09:30:15 AM »
They have done surveys like this for years and most of the time nothing comes of them.
Nichamtuni Dan nichamtuni!!

Offline S209

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Re: Chase Points Valuation Changes
« Reply #6 on: July 17, 2017, 01:41:18 PM »
They have done surveys like this for years and most of the time nothing comes of them.
I really really really hope.. They'd totally kill off all the people using FUs for their regular purchases..
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Offline elit

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Re: Rumored Chase Points Valuation Changes
« Reply #7 on: July 17, 2017, 02:24:54 PM »


I copied this from Dr of Credit and find his info quite reliable;

Chase Sends Out Survey Regarding Possible Changes To Transferring Chase UR Points For 1.5¢ Travel Redemptions
Reddit user msd2179 completed a Chase Customer Panel survey regarding the ability to transfer Chase Ultimate Rewards points to the Chase Sapphire Reserve to take advantage of the 1.5¢ per point value you get when redeeming for travel through the Chase travel portal. They wanted to know how users would feel about the following options:
.


repost

Offline rr1

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Re: Rumored Chase Points Valuation Changes
« Reply #8 on: July 18, 2017, 12:48:29 AM »
When trying to transfer from one account to a family member I get a message on the screen "an error has occurred "
Any ideas?

Offline JACKBLUE

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Re: Rumored Chase Points Valuation Changes
« Reply #9 on: July 18, 2017, 12:50:22 AM »
When trying to transfer from one account to a family member I get a message on the screen "an error has occurred "
Any ideas?
happens some times try calling in

Offline rr1

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Re: Rumored Chase Points Valuation Changes
« Reply #10 on: July 18, 2017, 12:50:52 AM »
Thx

Offline yoshapiro

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Re: Rumored Chase Points Valuation Changes
« Reply #11 on: July 18, 2017, 02:32:49 PM »
I mean this could also be a very beneficial ratio if it work the other way around. For example I spend 10k on travel with the Sapphire reserve. That's 30k points. I then transfer it over to the freedom, that would be 45k points. I then would transfer that over to a travel partner. If I would have done 10k spend of travel on the freedom unlimited I would only have 15k points to transfer over.  So I could take advantage of this in terms of transferring over to travel partners, assuming those ratios will remain the same.

Offline foseph

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Re: Rumored Chase Points Valuation Changes
« Reply #12 on: July 18, 2017, 02:36:24 PM »
I mean this could also be a very beneficial ratio if it work the other way around. For example I spend 10k on travel with the Sapphire reserve. That's 30k points. I then transfer it over to the freedom, that would be 45k points. I then would transfer that over to a travel partner. If I would have done 10k spend of travel on the freedom unlimited I would only have 15k points to transfer over.  So I could take advantage of this in terms of transferring over to travel partners, assuming those ratios will remain the same.
except freedom doesnt allow u to transfer to travel partners

Offline yitzgar

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Re: Rumored Chase Points Valuation Changes
« Reply #13 on: July 18, 2017, 02:36:44 PM »
I mean this could also be a very beneficial ratio if it work the other way around. For example I spend 10k on travel with the Sapphire reserve. That's 30k points. I then transfer it over to the freedom, that would be 45k points. I then would transfer that over to a travel partner. If I would have done 10k spend of travel on the freedom unlimited I would only have 15k points to transfer over.  So I could take advantage of this in terms of transferring over to travel partners, assuming those ratios will remain the same.
The idea would be that you can't transfer from freedom to travel partners. It would just be cash back

Offline doctorofcredit

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Re: Chase Points Valuation Changes
« Reply #14 on: July 18, 2017, 07:34:51 PM »
They have done surveys like this for years and most of the time nothing comes of them.

Dan keep in mind that one of our Chase insiders said they were considering these changes and how to implement them a few months ago as well. Obviously nothing has been decided for sure but this is more than just a survey.
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Offline JACKBLUE

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Re: Chase Points Valuation Changes
« Reply #15 on: July 18, 2017, 08:24:12 PM »

Offline Dan

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Re: Rumored Chase Points Valuation Changes
« Reply #16 on: July 19, 2017, 02:18:20 AM »
I heard from Chase head of UR products in 2011 about trying to make changes to the Chase Trifecta as I called it back then to stop Freedom+Sapphire Preferred games.

Wake me up when something is confirmed, but life's too short for rumors :)
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Offline incendia

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Re: Rumored Chase Points Valuation Changes
« Reply #17 on: July 19, 2017, 09:05:03 AM »
I heard from Chase head of UR products in 2011 about trying to make changes to the Chase Trifecta as I called it back then to stop Freedom+Sapphire Preferred games.

Wake me up when something is confirmed, but life's too short for rumors :)

https://www.dansdeals.com/credit-cards/goodbye-chase-trifecta/

Offline mmgfarb

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Re: Rumored Chase Points Valuation Changes
« Reply #18 on: July 19, 2017, 10:29:56 AM »
I mean this could also be a very beneficial ratio if it work the other way around. For example I spend 10k on travel with the Sapphire reserve. That's 30k points. I then transfer it over to the freedom, that would be 45k points. I then would transfer that over to a travel partner. If I would have done 10k spend of travel on the freedom unlimited I would only have 15k points to transfer over.  So I could take advantage of this in terms of transferring over to travel partners, assuming those ratios will remain the same.
So many things wrong with this, do some research.
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