Citi ThankYou vs Chase Freedom

Discuss the Visa & MasterCard payment networks as well as cards that operate through them.
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Dylan1982
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Citi ThankYou vs Chase Freedom

Postby Dylan1982 » Thu Aug 02, 2012 4:43 am

(Updated 2013) As some of you are aware, my close followers lol, I just recently paid off my GM Card, got approved for Citi Thank You Preferred and DP cards with limits on both of $4,600. Then I was thinking what about a Chase Freedom card?

What is so beneficial about the Freedom vs. Thank You Card? I am using my TY card as if it is my debit card, so it is used for everything. That is how I am getting my points. Balance will be paid off each billing cycle in FULL!!! No balance FTW!!

Thank I was thinking, instead of points, why not get cash back from Chase?

Thoughts anyone??

Thanks!
Chase Freedom - $12,500 (2/2013)
GM Card - $7,700 (7/2002)
CitiBank (Thank You Preferred) - $6,400 (6/2012)
CitiBank (Diamond Preferred) - $4,600 (6/2012)
Rogers & Hollands - $3,300 (3/2006)
Target REDcard - $3,000 (11/2014)
BestBuy - $1,600 (9/2003)
Discount Tires - $1,000 (2/2004)
Kohl's - $300 (4/2012)


trumpet-205
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Postby trumpet-205 » Thu Aug 02, 2012 11:48 am

With TYP, cashback redemption means less than 1% return. Freedom guarantees 1% return and has 5% rotating category. Plus in general the UR Mall from Chase offers more return than Citi ThankYou portal.

As a side note, if you have a Chase checking account you will get 10 + 0.1% pts on every transaction on Freedom. With Citi a checking account + billpay gets you ~400 bonus TYP per month.

Freedom beats TYP.
In My Wallet:
Citi Forward (12/2010) | Citi TY Preferred (05/2011) | Chase Freedom (11/2011) | GECRB/PayPal (05/2012)
Discover it (07/2012) | AMEX BCP (09/2012) | TD/Target REDCard (10/2012) | Chase Ink Classic (11/2012)
BofA BBR (04/2013) | FNBO/Overstock.com (02/2014) | Barclaycard Arrival (04/2014) | FIA/Fidelity AMEX (04/2014)

Money card
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Postby Money card » Fri Aug 03, 2012 12:08 am

well Dylan since you use your card for everything do you shop? the gap, J crew, Armani exchange, American eagle?

it's up to you the chase freedom like the Discover more is considered a shoppers card, while the Thank you card is a travel card.

I know people use these cards for dining , getting gas and going to the grocery stores. But if chase sends there customers coupons
it's for stores. while the Thankyou card is is a travel card I'm not in every place all the time but i'm sure there are people who use the Thank you card for getting there car oiled and greased, eating at there local restaurants, shopping at the Mall, But I never see anybody use this card 2 weeks ago maybe 3 I saw somebody at Garden state plaza at Jc Pennys use there chase Freedom, I saw somebody use
it a Bagel boys , I saw somebody use it at Burger king at 1 of my malls. so as you can see for local places you see a lot of people use this card.

but when it comes to the Thank you card you see it being used for business use. I actually see more people using the american airlines card than the thank you.

so Dylan it's up to you do you want a cash back card or a travel card?

the Freedom is more of personal shopping card while the Thank you card is more executive looking, like I have the Capital1 venture card
it's geared more for sales people who do, traveling but some people like that kind of card, that's why I have it.

it's up to you I have no thoughts, just what I wrote.

hematino
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Postby hematino » Fri Aug 03, 2012 12:19 am

Freedom all the way man, the redemption is better so 1 Thank You Point definitely does not equal 1 Ultimate Reward Point. It's really up to you but there really aren't very many rewards cards without an annual fee that can top Freedom, let alone stand shoulder to shoulder with it.
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Dylan1982
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Postby Dylan1982 » Fri Aug 03, 2012 2:48 am

You can buy Thank You points.. You can by 1,000 TY points for $25. Why can I not figure dollar to point ratio lol..
Chase Freedom - $12,500 (2/2013)
GM Card - $7,700 (7/2002)
CitiBank (Thank You Preferred) - $6,400 (6/2012)
CitiBank (Diamond Preferred) - $4,600 (6/2012)
Rogers & Hollands - $3,300 (3/2006)
Target REDcard - $3,000 (11/2014)
BestBuy - $1,600 (9/2003)
Discount Tires - $1,000 (2/2004)
Kohl's - $300 (4/2012)

Dylan1982
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Postby Dylan1982 » Fri Aug 03, 2012 2:53 am

Right now, I am using my TY card as if it was my debit card. So I use it for gas, fast food, some groceries, and what ever else I buy during the month and through out the course of the year.

Do I shop, no not really. I really don't go to clothing stores on a normal basis just to shop. I will occassionaly go to American Eagle, Express or Kohl's for clothes, but again not on a normal basis.

Do I travel, no not really. But I do love to travel. It is jsut hard coming up with money for plane tickets and what not.
Chase Freedom - $12,500 (2/2013)
GM Card - $7,700 (7/2002)
CitiBank (Thank You Preferred) - $6,400 (6/2012)
CitiBank (Diamond Preferred) - $4,600 (6/2012)
Rogers & Hollands - $3,300 (3/2006)
Target REDcard - $3,000 (11/2014)
BestBuy - $1,600 (9/2003)
Discount Tires - $1,000 (2/2004)
Kohl's - $300 (4/2012)

trumpet-205
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Postby trumpet-205 » Fri Aug 03, 2012 1:28 pm

Dylan1982 wrote:You can buy Thank You points.. You can by 1,000 TY points for $25. Why can I not figure dollar to point ratio lol..


Worst way to get TY points. Assuming you redeem it for gift card, 1,000 TY points yield $10 gift card.

Does it really make sense to spend $25 on something that is worth $10?
In My Wallet:
Citi Forward (12/2010) | Citi TY Preferred (05/2011) | Chase Freedom (11/2011) | GECRB/PayPal (05/2012)
Discover it (07/2012) | AMEX BCP (09/2012) | TD/Target REDCard (10/2012) | Chase Ink Classic (11/2012)
BofA BBR (04/2013) | FNBO/Overstock.com (02/2014) | Barclaycard Arrival (04/2014) | FIA/Fidelity AMEX (04/2014)

Dylan1982
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Location: Chicago

Postby Dylan1982 » Fri Aug 03, 2012 3:33 pm

trumpet-205 wrote:Worst way to get TY points. Assuming you redeem it for gift card, 1,000 TY points yield $10 gift card.

Does it really make sense to spend $25 on something that is worth $10?

Ohh no I wasn't gonna go that route, I was jsut implying that you can buy points.
Chase Freedom - $12,500 (2/2013)
GM Card - $7,700 (7/2002)
CitiBank (Thank You Preferred) - $6,400 (6/2012)
CitiBank (Diamond Preferred) - $4,600 (6/2012)
Rogers & Hollands - $3,300 (3/2006)
Target REDcard - $3,000 (11/2014)
BestBuy - $1,600 (9/2003)
Discount Tires - $1,000 (2/2004)
Kohl's - $300 (4/2012)

American
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Postby American » Fri Aug 03, 2012 5:18 pm

TY points value depends. Usually, you gauge value on how you're going to redeem. TY points are frankly awful for cash at 1 pt = .006, so 100 points is 60 cents. TY points are equally bad at account credit at .007 or 100 points = 70 cents. They're decent at gift cards as 1 pt = .01 or 100 points is $1 of gift cards. If you have student loans, they also have a redemption option that equates to a penny per point on those, which ain't bad. If you have a Citi ThankYou Premier, travel is has the highest redemption at 1 pt = .0133, but from what I've read you do not nor do you wish to travel frequently.

Chase shines in cash redemption because it's one of the few, not even Amex Membership Rewards, that allows you to get 1 pt for a penny. That's why the Chase Freedom is an awesome card with .05 back at popular categories. Plus they have great benefits if you have checking with +10 pts per transaction and +10% on all transactions, so it's .051% + 10 pts on all category purchases or .011% + 10 points at all non-category purchases. That's why Chase will forever be on my iTunes account. 99 cent purchases are ridiculous when you break up purchases. I always love getting $1 apps, and thinking that I'm basically getting 11.1 points per $1, effectively making every app or song 88 cents. I don't know where else you can get a little more than 11% back from a credit card.

Chase Freedom with a Chase Checking account will always be one of the best combos in the credit rewards world.

The other thing that is good about Chase is with a Chase Sapphire Preferred. The combo of Chase Freedom + Checking is even better. You can take that 11 points per transaction to a redemption of .012 on travel or put those 11 points into a loyalty program that gets you more than .01, so in effect you're getting a higher reward rate than 11% back.
American Express '02: Platinum, Blue Cash Preferred 6k, SPG 2k, Delta Gold 1k
Barclaycard '11: Apple Financing Card 2.5k
Citi: Diamond Rewards 1.5k
Chase: Freedom 500
Discover '12: Discover IT 1.5k

Pworld10
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Postby Pworld10 » Fri Aug 24, 2012 5:12 pm

On the Chase Freedom, do you have to call in or go online to link it with your chase checking? I have a chase checking and just got a notice i got approved for the freedom, This card and my new discover card will be having a death match in my wallet.
Amex Zync + Amex Green = MR maximized through packs | Discover More | Chase Freedom
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