Dylan1982 wrote:I have about 8k TY points that I have no use for. I like the quaterly catergories that chase has to offer and I really like the cash back.
Couple of questions. If I do a B/T transfer to the Freedom card, what will happen to my TY points? Also doing a B/T to the Freedom card, that won't get me any points or anyhting correct, only get points on new purchases in their sepcified catergories?
Dylan1982 wrote:So let me get this right.. With the Freedom card, you get 1% cash back on all purchases (excluding the bouns catergories each quarter).. So say I just $1,000 on regular purchases not the items in the bonus catergory, then I would get $10 back to me? And then the items in the bonus catergory I would get 5% back to me? So say I spend $500 in gas (that is current bonus) then I would get $25 back to me?
If this is the case, why the heck didn't I sign up for this a LONG time ago??
One more question, with the cash back, how do I redeem this? Will Chase mail me a check, or will I need a Chase checking acct with them?
CC Deville wrote:Yes, that is correct. The way Chase explains it is that you earn 1% on every purchase and then you get an extra 4% (1+4=5) on the rotating bonus catagories.
The way Chase works the "cash back" is actually something they call Ultimate Rewards points. So, after you've racked up 2,000 Ultimate Rewards points you go to the Ulitmate Rewards website and you can either redeem them for cash ($1 = 1 UR point) or you can get gift cards or use them for travel etc. I have always requested mine in the form of a check and they mailed it to my billing address.
And if Thank You points are not your thing, you could always ask to be PC'ed to Citibank's Dividend card. It isn't nearly as good as the other cashback cards out there but you never know if they will have a 5% catagory that will strike your fancy. *Just be sure to use up your Thank You points first as they will not convert to cash back.