Credit Card Forum
+ Reply to Thread
Page 1 of 4 1 2 3 ... LastLast
 
  1. #1
    Centurion Member
    Join Date
    Mar 2012
    Location
    Chicago
    Posts
    280

    Question I Think I Am Going To Apply For Freedom

    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?
    Chase Freedom - $8,000 (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 - $3,250 (3/2006)
    BestBuy - $1,600 (9/2003)
    Discount Tires - $1,000 (2/2004)
    Kohl's - $300 (4/2012)
    Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiTweet this Post!
    Reply With Quote Reply With Quote

  2. #2
    Centurion Member
    Join Date
    Mar 2012
    Location
    Chicago
    Posts
    280

    Default

    Well I just applied for the Chase Freedom, and here is the message that I received.... Should I call the recon number??

    Does anyone have the recon number fir Chase?

    Thank you for applying. Your application requires further review before making a decision.

    Here's what you can expect:

    •Our goal is to notify you in writing within 10 days; however, in some circumstances it may take up to 30 days.
    •If you are approved, you will receive your card and other important information in the mail.
    •Please do not resubmit this application.



    Thought's as to why? I have 100% ontime payments, my CU is 12% and my credit score form crdit karma is 676 (trans union) and credit sesame is 756 (experian)
    Chase Freedom - $8,000 (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 - $3,250 (3/2006)
    BestBuy - $1,600 (9/2003)
    Discount Tires - $1,000 (2/2004)
    Kohl's - $300 (4/2012)
    Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiTweet this Post!
    Reply With Quote Reply With Quote

  3. #3
    Centurion Member
    Join Date
    Mar 2012
    Location
    Chicago
    Posts
    280

    Default

    I found the recon number for chase jsut doing a simple search here on the forum. Should I call them later today, or wait 24 hrs?
    Chase Freedom - $8,000 (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 - $3,250 (3/2006)
    BestBuy - $1,600 (9/2003)
    Discount Tires - $1,000 (2/2004)
    Kohl's - $300 (4/2012)
    Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiTweet this Post!
    Reply With Quote Reply With Quote

  4. Green Member
    Join Date
    Jan 2013
    Location
    NC
    Posts
    15

    Default

    go ahead and call now. I called immediately after I got a notice just like that and all I had to do was verify a couple questions they had. Approved at the end of the conversation.
    Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiTweet this Post!
    Reply With Quote Reply With Quote

  5. #5
    Centurion Member
    Join Date
    Sep 2012
    Location
    Los Angeles, CA
    Posts
    345

    Default

    Quote Originally Posted by Dylan1982 View Post
    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?
    Nothing will happen to your TY points and you will not get any points for transferring a balance from your Citi card to your Chase card. You only get points on new purchases.
    Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiTweet this Post!
    Reply With Quote Reply With Quote

  6. #6
    Centurion Member
    Join Date
    Mar 2012
    Location
    Chicago
    Posts
    280

    Default

    Just got off the phone with the recon dept. Very fast response, everyone spoke english well and had NO problems.

    They just had ask me a couple of questions and verify my answers.

    I got instant approved for $3,500 CL I was hoping for a larger amount b/c my GM Card is $7,700 and my TY card is $4,600.

    I called and asked for CLI already LOL (another inquiry ) and I asked for a CL of $5000. My inquiry for the app went into pending status where a credit analysis will need to look at it.. Wish me luck!

    All in all very happy, got worried about the initial response, then called the recon and got instant approved!
    Chase Freedom - $8,000 (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 - $3,250 (3/2006)
    BestBuy - $1,600 (9/2003)
    Discount Tires - $1,000 (2/2004)
    Kohl's - $300 (4/2012)
    Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiTweet this Post!
    Reply With Quote Reply With Quote

  7. #7
    Centurion Member
    Join Date
    Mar 2012
    Location
    Chicago
    Posts
    280

    Default

    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?
    Chase Freedom - $8,000 (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 - $3,250 (3/2006)
    BestBuy - $1,600 (9/2003)
    Discount Tires - $1,000 (2/2004)
    Kohl's - $300 (4/2012)
    Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiTweet this Post!
    Reply With Quote Reply With Quote

  8. Centurion Member
    Join Date
    Jan 2013
    Location
    United States
    Posts
    524

    Default

    Yup, that's pretty much how it works. My wife and I are kicking ourselves too since we figure that we can save up to $1000 a year on stuff we're doing already.
    Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiTweet this Post!
    Reply With Quote Reply With Quote

  9. #9
    Centurion Member
    Join Date
    Aug 2011
    Location
    Phoenix
    Posts
    935

    Default

    Quote Originally Posted by Dylan1982 View Post
    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?
    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.
    Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiTweet this Post!
    Reply With Quote Reply With Quote

  10. #10
    Centurion Member
    Join Date
    Sep 2012
    Location
    Los Angeles, CA
    Posts
    345

    Default

    Quote Originally Posted by CC Deville View Post
    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.
    He meant $0.01=1 UR point.
    Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiTweet this Post!
    Reply With Quote Reply With Quote

+ Reply to Thread
Page 1 of 4 1 2 3 ... LastLast
 
These forum posts are not provided or commissioned by the bank advertiser. Posts have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.
Advertiser Disclosure: The credit card offers that appear on this site are from credit card issuers from which CreditCardForum.com receives compensation. This compensation may impact how and where products appear on this site, including the order in which they may appear within listing categories. CreditCardForum.com does not include all credit card offers that might be available to consumers in the marketplace.