Why is Freedom always rated ahead of Discover?

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CardAttack
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Re: Why is Freedom always rated ahead of Discover?

Postby CardAttack » Mon Dec 14, 2015 10:32 pm

yfan wrote:
Nixon wrote:
Question: Can someone with no UR card (e.g. only the Freedom) even access Chase's shopping portal? If not, on a 1:1 basis, that's another victory for Discover since all cardmembers have access to Discover Deals.


I have the Freedom only and have access to Shop Through Chase.
Amex BCP|Amex Hilton HHonors|AARP Visa|Chase Freedom |BofA BBR|BofA Cash Rewards | BofA Travel Rewards |Citi DC|Discover IT|US Bank Cash +|REI Visa


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CarefulBuilder14
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Re: Why is Freedom always rated ahead of Discover?

Postby CarefulBuilder14 » Tue Dec 15, 2015 12:18 am

CardAttack wrote:
CarefulBuilder14 wrote:Can you find any blogs or official notices that talk about the change? I looked briefly and didn't see anything.

One explanation is that an extremely popular card was nerfed and no one noticed (or no one decided to write about it).

Another explanation is that Chase wants to avoid clutter on the website. I'm thinking this is more likely.


Here's the Freedom benefits brochure. It shows that price protection is included.
https://www.chasebenefits.com/freedomVP1

I saw that earlier and thought it might (plausibly) be an out of date copy lingering on the Chase website, but my IHG and Hyatt cards (both opened in 2015) have the same 11/1/13 date on their benefits guides. Since those are still valid, it's very reasonable that Freedom's 11/1/13 edition is still valid.

CSP has a newer (2014) benefits guide after the auto rental insurance changes.

Hyatt's guide is for a "Visa Signature Preferred" card...not a term I've seen before.
Love: IHG, Platinum, Sallie Mae, AA Plat, CSP
Like: Discover, ED, BCE, Hyatt, Arrival, Freedom
Might drop: BrooksBros, Prestige (Costco PC?)
Might add: Proper business card, CSR, Ritz, Delta Gold
Letting new accounts cool off since May
Really not sure what I'll add next or when

kdm31091
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Re: Why is Freedom always rated ahead of Discover?

Postby kdm31091 » Tue Dec 15, 2015 7:40 am

CardAttack wrote:( Not sure if you've seen this, but I just checked the Freedom website and groceries will be Q2 2016 category.)


Glad to see them doing something broad in Q2.

kdm31091
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Re: Why is Freedom always rated ahead of Discover?

Postby kdm31091 » Tue Dec 15, 2015 8:44 am

https://creditcards.chase.com/freedom/calendarreminder

That's the rest of 2016 for Freedom. Groceries, then restaurants, then "holiday shopping" which I'm sure will end up being amazon.

Decent categories, essentially the same as Discover throughout the year, just on different quarters. The only Freedom advantage would be groceries, but that's covered with many other cards so most people aren't waiting for a rotating category for that.

I will say I hope this year for my sake that Discover doesn't repeat gas twice as that is a really boring bonus category for me (although for others it's great).

Vermonster
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Re: Why is Freedom always rated ahead of Discover?

Postby Vermonster » Tue Dec 15, 2015 9:06 am

kdm31091 wrote:https://creditcards.chase.com/freedom/calendarreminder

That's the rest of 2016 for Freedom. Groceries, then restaurants, then "holiday shopping" which I'm sure will end up being amazon.

Decent categories, essentially the same as Discover throughout the year, just on different quarters. The only Freedom advantage would be groceries, but that's covered with many other cards so most people aren't waiting for a rotating category for that.

I will say I hope this year for my sake that Discover doesn't repeat gas twice as that is a really boring bonus category for me (although for others it's great).


Not bad. But as you said, there are other cards that offer similar categories. When Freedom had the 10+10% bonus for having a checking, and the CSP had the 7% dividend it made it a no-brainer for all types of spending. 5.5% was close enough to the 6% of BCP that it wasn't worth the effort. The first year of using the Freedom I had a net 3.7% cash back, without a signup bonus. That is decent enough to not worry about squeezing a few percent here and there by using other cards.

I was honestly thinking Chase would do more in 2016 to compete with Discover. I was hoping they would continue the 10+10% in some way or another.
Chase Freedom $9k~~Chase Sapphire Preferred $6.5k~~Amex Blue Cash Preferred $12.4k~~Citi Double Cash $4.7k

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Re: Why is Freedom always rated ahead of Discover?

Postby CardAttack » Tue Dec 15, 2015 9:23 am

I can usually get good deals on gas by using Kroger fuel points or buying gift cards at Publix for $40 for $50 of gas.
Amex BCP|Amex Hilton HHonors|AARP Visa|Chase Freedom |BofA BBR|BofA Cash Rewards | BofA Travel Rewards |Citi DC|Discover IT|US Bank Cash +|REI Visa

kdm31091
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Re: Why is Freedom always rated ahead of Discover?

Postby kdm31091 » Tue Dec 15, 2015 9:27 am

Vermonster wrote:
kdm31091 wrote:https://creditcards.chase.com/freedom/calendarreminder

That's the rest of 2016 for Freedom. Groceries, then restaurants, then "holiday shopping" which I'm sure will end up being amazon.

Decent categories, essentially the same as Discover throughout the year, just on different quarters. The only Freedom advantage would be groceries, but that's covered with many other cards so most people aren't waiting for a rotating category for that.

I will say I hope this year for my sake that Discover doesn't repeat gas twice as that is a really boring bonus category for me (although for others it's great).


Not bad. But as you said, there are other cards that offer similar categories. When Freedom had the 10+10% bonus for having a checking, and the CSP had the 7% dividend it made it a no-brainer for all types of spending. 5.5% was close enough to the 6% of BCP that it wasn't worth the effort. The first year of using the Freedom I had a net 3.7% cash back, without a signup bonus. That is decent enough to not worry about squeezing a few percent here and there by using other cards.

I was honestly thinking Chase would do more in 2016 to compete with Discover. I was hoping they would continue the 10+10% in some way or another.


Yeah still on a comparison to Discover, I think Discover still comes out ahead especially with the double promo this year. Chase has slowly taken away many of the extra benefits of the Freedom, such as the checking bonus, etc.

I wish Chase and Discover would stop offering ostensibly the same categories during the year, sometimes at different quarters and sometimes not. It's just plain boring. There are many other categories I could think of that could be utilized to be unique: hotels, airfare, home improvement, drugstores...these are categories you almost NEVER see and I don't get it. The 5% is capped, so their max payout is the same whether they give you crappy categories or good ones. As much as everyone blasts the Citi Dividend (no longer available), it seems Citi at least tries to give somewhat different categories, not just the usuals. Discover and Freedom have done more unique things in the past like theme parks in the summer, but it seems lately they just rest on their laurels and spit out the same categories every year, just in opposite quarters.

There's nothing "wrong" with groceries, gas, dining...but a 5% rotator should make a point to offer something unique or different because most people already have a designated gas/grocery/dining card. I don't need a handful of options for gas cards in my wallet. Give me something different, Discover! (And give Freedom cardholders something different!)

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Re: Why is Freedom always rated ahead of Discover?

Postby Vermonster » Tue Dec 15, 2015 9:45 am

Well I'm sure they see it from a swipe count perspective. If the cats are the same, chase cardholders aren't going to get a Disco (and vice versa). If they are different, then everyone will rush to get both, so swipe counts will be split. I'm sure they make a lot more off the 1% spending than the 5%.

But rather than different cats I'd like to see the move towards a Cash+ style of rewards. Each quarter can have some general cats, (grocery, gas, restaurants) or you could pick 2-3 specific stores (Amazon, Lowe's, Wal-Mart). Like the current system, you would have to "opt-in" and make your choice for the entire quarter. That might be too much though to ask for :)
Chase Freedom $9k~~Chase Sapphire Preferred $6.5k~~Amex Blue Cash Preferred $12.4k~~Citi Double Cash $4.7k

kdm31091
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Re: Why is Freedom always rated ahead of Discover?

Postby kdm31091 » Tue Dec 15, 2015 10:10 am

Vermonster wrote:Well I'm sure they see it from a swipe count perspective. If the cats are the same, chase cardholders aren't going to get a Disco (and vice versa). If they are different, then everyone will rush to get both, so swipe counts will be split. I'm sure they make a lot more off the 1% spending than the 5%.

But rather than different cats I'd like to see the move towards a Cash+ style of rewards. Each quarter can have some general cats, (grocery, gas, restaurants) or you could pick 2-3 specific stores (Amazon, Lowe's, Wal-Mart). Like the current system, you would have to "opt-in" and make your choice for the entire quarter. That might be too much though to ask for :)


That's true. They need to do something different, even an opt in system like you suggest. Again, everyone blasts the Cash+ for its niche categories and I admit they are fairly niche but where else will you find 5% on that furniture purchase or Best Buy purchase etc? You won't. So it has its place - just not so much for a "daily driver" but again everyone already has a general spend card so not sure what the big fuss is.

I just hope Freedom and Discover stop putting out the same thing quarter after quarter, year after year. I like the restaurant quarter since I can't get 5% on dining at the moment (though I do get 5% fast food). But gas is meh, groceries I already get 6% with a BCP anyway. Almost everyone already has a designated gas or grocery card is my point.

However, at the end of the day, it doesn't really matter how boring Discover makes their categories. It was my first "real" card, has a huge limit and respectable APR that they keep lowering for me so I'll likely keep it forever even if it becomes very niche use.

JonE
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Re: Why is Freedom always rated ahead of Discover?

Postby JonE » Tue Dec 15, 2015 10:19 am

I like Chase, they gave me my first non-store, non-Credit One card with the Freedom, but the Discover is going to get my use with the Double Cash back period until December 2016. Plus the deals on Discover Deals are better than the Chase UR Store (5% additional at the Apple Store as opposed to 2% with Chase).
Wallet: Chase Freedom, Discover IT
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