Goodbye Chase Trifecta

Years ago I called having a Chase Freedom card, a Chase Sapphire Preferred card, and a Chase checking account the Chase Trifecta.

Back then by having all 3 you could
-Earn 10 points every time you used your Freedom card
-Earn a 10% bonus on Freedom base spending
-Earn 5 points per dollar in rotating Freedom categories.
-Earn 2.14 points per dollar on airfare, dining, car rentals, hotels, and more with Sapphire Preferred.
-Transfer the Freedom points to your Sapphire card to allow those points to be used for lucrative airline and hotel currencies.

I guess that was all too generous. The Freedom card first got rid of the 10+10% program (though some people still have it until today) though they actually improved the 10% by allowing it to count on bonus points. That made the quarterly rotating 5 point categories actually worth 5.5 points per dollar.
However now they announced the 10% will be going away altogether with the final annual bonus posting in 2016 for 2015 spending.  The same applies to Sapphire Preferred with the 7% annual bonus ending at the same time.

The good news is that the 10% language is still on the Freedom application, so you can apply now and still take advantage of that for 2014 and 2015 spending before its phased out.

I always thought it was a clever way to get people to bank with Chase, but the problem for Chase is that it was a hard benefit to communicate.

For now my old Ink Bold card still has its incredible exclusives benefits. Anyone care to guess when that will be phased out?

At any rate, Freedom and Sapphire remain a killer combo thanks to the 2 and 5 point bonus categories and Sapphire’s ability to transfer Freedom points to airlines and hotels (though Ink Plus and Ink Bold can do that as well). Come 2016 and it won’t be as lucrative as it once was.

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26 Responses to “Goodbye Chase Trifecta”

  1. AR Says:
    1

    Anybody else willing to speak the unspeakable-that the constant stream of bad news from the “points industry” is due to an explosion of available knowledge about it due to too many bloggers making too many bucks off it?

    ReplyReply
  2. Dan Says:
    2

    @AR:
    Don’t see the connection.

    The trifecta was far more lucrative than the competition and even without the trifecta it’s still more lucrative.

    What does that have to do with bloggers?

    As far as bad news, that’s what happens when industries realize they will make big profits either way. When there’s an economic downturn then more enticing offers return.

    ReplyReply
  3. freedom late comer Says:
    3

    I have now freedom (new , thanks to dan) and ink bold. no checking. I was told I can transfer UR from freedom to bold. correct?
    do i get any 10%? need to open checking? what type?
    Thanks

    ReplyReply
  4. Dan Says:
    4

    @freedom late comer:
    Correct.
    You need to open a checking account to get the 10%.

    ReplyReply
  5. JoshBee Says:
    5

    Not only the 10% is what they are discontinuing, the post gives you a whole list of things. #Chase

    ReplyReply
  6. Dan Says:
    6

    @JoshBee:
    Nothing else important.

    ReplyReply
  7. Timmy Says:
    7

    I got in the mail about the chase sapphire having changes sometime in September. Is that the same thing ?

    ReplyReply
  8. Dan Says:
    8

    @Timmy:
    http://www.dansdeals.com/archives/47902

    ReplyReply
  9. sara Says:
    9

    So is it still worthwhile to have a chase checking account.
    I have other banks available that don’t require monthly direct deposit to avoid monthly fee.
    Any reason to keep account open now?

    ReplyReply
  10. AR Says:
    10

    @Dan: With all due respect, you can dismiss each individual case as having nothing to do with it, but I tend to think even you yourself would admit the “industry” has been souring on us for some time and things aren’t getting better. You’re failing to see (or to admit to) the big picture-that things are getting tougher, and that the more people know about things the tougher the industry gets. I think many observers can easily tell that things have been getting much harder recently-and simple intellectual honesty dictates that it’s at least partly due to the widespread publication of all sorts of these “tricks” by bloggers after financial gain.

    ReplyReply
  11. Lonely Says:
    11

    Sounds like the 10 points per charge still stays. So 25 ¢ for the muni meter still gives you 11 points.

    ReplyReply
  12. meshugener Says:
    12

    Hello Chase

    My wife’s Freedom still gets 10×10!

    ReplyReply
  13. Timmy Says:
    13

    @Dan: It wasn’t that. It was about changes to UR points for travel.

    ReplyReply
  14. Eli Says:
    14

    @AR: @AR:
    +1

    ReplyReply
  15. Dan Says:
    15

    @AR:
    It’s great that you found a scapegoat, but it’s not nearly that simple.

    The travel hacking folks (bloggers and their readers) are a miniscule percentage of the country.

    Program changes that Delta and United are making are due to:
    1. Industry consolidation.
    2. Improved economic conditions and packed places.

    Meanwhile credit card companies have some of the richest offers they’ve ever had. However as 99% of the public had no idea they were getting the 10% exclusives it was a pointless benefit as far as Chase is concerned.

    If anything there aren’t enough bloggers talking about the obscure benefits of the card to keep it alive.

    I’m not saying bloggers don’t effect any change, but to blame this kind of stuff on the boogie man bloggers is naive.

    ReplyReply
  16. Anonymous Says:
    16

    i know not the right place for this but with the big delta bonus for amex out there and people wanting to max out the bonuses on perhaps 2-3 cards i have this question: is it still possible to do 2bm with amex ? i tried twice for me and another to apply with 2bm and it didnt work. the first try one card got put(for five full days , then was approved-that was the amex gold business) on hold and the other(personal delta platinum)was approved right away. the second time both were put on hold (i think because i did it on two computers and pressed both submits together where as the other try i pressed the submit button a few seconds later)i spoke with amex about it they told me that when a to apps are submitted on same day they will not get instant approval.

    ReplyReply
  17. lobbel Says:
    17

    Hi Dan
    I just got aproved for the united explorer card, today i got a email from united to aply for the explorer card, can i apply again ?

    ReplyReply
  18. puzzlefighter Says:
    18

    Boo. Chase Freedom’s rewards used to be the best by a mile. Now, they are essentially just another Discover card with rotating categories. Thankfully they still allow transfer of Chase UR points, so its 5% categories will remain of value. Sadly, for my day-to-day shopping on things that don’t meet the criteria for one of the other 2+% CB category cards I have, I can’t see me using the Freedom any longer. The 1.1 points + their value to transfer to a Sapphire Preferred/Ink Plus UR account was enough to keep me from looking for a higher return card. I still like the Chase online banking system more than any other I have used, but it is a bummer that I won’t get the 10% side-benefit.

    ReplyReply
  19. AR Says:
    19

    @Dan: “Credit card companies have some of the richest offers they’ve ever had”. Really? What about AMEX’s new policy of restricting bonuses to once per lifetime? Do you not see that that is clearly the result of the info becoming widespread? If, for example, only 1,000 people a year were “abusing” the program with constant sign ups AMEX would not have bothered changing their program rules. Obviously, sometime in the past year or so the number of people abusing it (like you’ve seen in frum papers ads for free and fast money off this) has reached a point at which AMEX could no longer ignore it. Do you not admit that that is solely the result of bloggers disseminating the info and too many people (and many with lacking sechel)getting hold of it and using it to make fast cash?
    Furthermore, do you not see that this has become a general trend with the news getting worse and worse? How long do you really think this can last for given that this stuff is common knowledge in the frum world, which is wasn’t just a few years ago? My point being that more and more people are learning about this and blogs like this are their main source.

    ReplyReply
  20. Rich Says:
    20

    Dan is it still possible to apply for 3 Chase cards using 3 different browsers and only getting 1 hard pull? Thanks for your help.

    ReplyReply
  21. Anonymous Says:
    21

    @AR: @AR: so whats your point of all this? you want dan to stop sharing info/knowledge with us? btw if he does shut things down which he will prob never do -whats to say another person will step in and take his place? we cant control what the cc companies are doing now or what are they are going to be doing in the future and anything that dan or other bloggers do wont change anything!

    ReplyReply
  22. Mishka Says:
    22

    AR is right. Dan is wrong. Natural to be defensive if it’s what you do.

    ReplyReply
  23. DP7 Says:
    23

    Wow, just realized I am still getting 10 points per purchase on my freedom card, thought it was supposed to end a long time ago.

    ReplyReply
  24. DP 7Q Says:
    24

    Q, do new cards get 10 points per swipe?
    any reason now to open anew chase bank account? what would be the benefit?

    Thank you

    ReplyReply
  25. NWTPM Says:
    25

    @AR: I almost agree with you about whats going on. Where I think you are off base is that you are blaming the bloggers. The problem is not with the ones who disseminate the info to the masses. They serve a useful purpose to all parties. The problem is with the ones who abuse the system. The banks give out perks to serve their own interest. By attracting customers they hope to foster loyalty and generate business (obvious). But when people get greedy and squeeze everything they can out of the system and give nothing back the banks will cut programs to stem the bleeding. Look what happened to SMS, a prime example of an incentive to generate some business. But instead of being happy to enjoy a new toy or a good time – with subsidy – people try and game the system to get something for nothing. So they cut it to $10 and soon it may go away. Likewise AMEX killed churning because people abused the system. They just do what they have to to get the miles and then dump the card. How long will the banks let that go on as those numbers grow? I feel like it’s a shame because I can’t be the only one that just enjoys racking up some bonus miles to enjoy free travel and other perks but I still lead a productive life and T”G I make a living. The people who use churning cards as their main source of income remind me of the fable of the goose who laid the golden egg. Google it if you are not familiar.

    ReplyReply
  26. samuel Says:
    26

    @AR

    Well! Looks like you are suffering just like me from the points being worth for less then it used to be. But i think that me and you and everyone on dansdeals should first acknowledge that the way you got to own some points was through him. Without dansdeals you wouldnt have so many points so instead of teasing and blaming him, you should thank him.
    Next! You blame him for the “point bas news”? I think the fault is totally on the PEOPLE WHO BUY AND PAY FOR POINTS. They are the guys asking everyone to open cards. I just saw yesterday an ad frop a milage buyer who advertises you can get 5k for hiving him your ss. He opens, spends, and pays you. THATS what makes points being worth less!

    ReplyReply

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