Chase MasterCard Rumors

Discuss the Visa & MasterCard payment networks as well as cards that operate through them.
5 posts
CC Deville
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Chase MasterCard Rumors

Postby CC Deville » Tue Feb 11, 2014 1:44 pm

Late last year the credit forums were lighting up like a Christmas tree regarding Chase's decision to no longer offer MasterCard's to new customers and even changing existing MasterCard's to Visa. Many speculated that the changes would be happening at the beginning of the new year and that requesting a product change or a replacement card could trigger the change.

Well, my Slate MasterCard expiration date was 3/14 and in the mail today was my replacement Slate MasterCard. Not a Visa. They even did me a solid and sent me the normal horizontal Slate instead of that stupid vertical design. The new card expires 3/17.

So...either the conversion has been postponed or they have received enough complaints that they will keep existing MasterCard's as MasterCard's. I can confirm that if you do want to upgrade (Sapphire/Sapphire Preferred and even Freedom) they will require the change to Visa.


FutureBillionaire
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Postby FutureBillionaire » Tue Feb 11, 2014 3:09 pm

I think it may be coming later this year. I don't care either way.
Gas: Discover It, Penfed Platinum Rewards x2, Chase freedom, Citi TYP
Plane tickets: CSP
Groceries: AMEX BCP, Penfed Platinum Rewards,Citi TYP
Clothes: Express, Amex BCP, Discover IT
Amazon: Citi Forward, Cash +
Restaurants: Citi Forward, Chase Freedom, Discover IT, CSP
Hotels and other travel: Discover Escape, CSP
Movies: BofA travel rewards visa signature(fandango), Discover IT, Citi Forward, Freedom
Bars, clubs, tomfoolery: CSP, Citi Forward, Discover IT, Freedom
Balance transfers: Kroger 123 rewards
Bill Pay: Chase Ink Plus, Citi Forward
Everyday spending: Bofa Accelerated cash rewards amex, Discover Escape

websteth
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Postby websteth » Wed Feb 12, 2014 8:35 am

I've had other banks that have moved from MasterCard to Visa. They typically will do all of them at once. Like FutureBillionaire said, they will probably do a big reprint later this year. I don't know if this will also lead to new account numbers as well since the first 4 numbers tell you if it's a Visa, MasterCard or American Express.
American Express: Platinum, Zync, Platinum Delta SkyMiles, Blue, Starwood Preferred Guest
Barclaycard US: iTunes Reward Visa, US Airways Premier World MasterCard
Chase: Sapphire Preferred Visa Signature, Freedom Visa
Citi Bank: Hilton HHonors Visa Signature, AAdvantage Platinum Select World Elite MasterCard
Bank of America Virgin Atlantic World Elite MasterCard
Discover: Discover it
Other:Macy's Star Rewards, Target REDCard

benhollberg
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Postby benhollberg » Wed Feb 12, 2014 11:27 am

In November when I called to ask to get EMV in my MasterCard CSP they said they weren't offering it for the MC version and if I wanted it I would have to switch to Visa. They also told me that starting that month they would begin a two-year process of switching everyone to Visa. I haven't heard anything since and I still have my WMC version of CSP. I am too afraid to call again and ask what the deal is because I don't need another Visa Signature card and don't want to be switch over.
American Express Platinum Card
American Express TrueEarnings Card from Costco
Marriott Rewards Premier Visa Signature Card
Chase Sapphire Preferred World MasterCard
Discover It

CC Deville
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Postby CC Deville » Wed Feb 12, 2014 5:41 pm

Oh two year process. That makes sense then. Other people made it sound like it would start happening in January 2014. Besides the account history (almost 13 years old) the fact that it was a real Chase Manhattan account number (Chase and Bank One merged in 2004 with Bank One's First USA essentially taking over the credit card business under the Chase name) have been the only reasons I have kept the account. It does not earn rewards (Slate) and they jacked my APR from 7.99% fixed to 14.24% variable. Once they change it to a Visa I will be closing the account and transferring the credit line to my Freedom.



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