Chase Targets Students and the Elderly for APR Increases

Chase has made changes to the following card offers:

• Raised purchase APR on the Chase AARP Rewards Card from a range of prime rate plus 5.99%-14.99% to a range of prime rate plus 9.99%-15.99%. Chase also raised cash advance APR from prime plus 15.99% to prime plus 20.99%.
• Raised purchase APR on the Chase Student +1 Card from a range of prime rate plus 9.99%-14.99% to a range of prime rate plus 13.99%-17.99%.  Chase also raised cash advance APR from prime plus 15.99% to prime plus 20.99%, and default APR from prime plus 23.99% to 29.99%.
• Chase Sapphire signing bonus was reduced from 25,000 points to 10,000 points
• Chase Borders 321 Visa signing bonus was reduced from 3,000 points to 1,000 points

Chase has added several new travel cards:

• Chase Southwest Airlines Rapid Rewards Card, featuring a sign on bonus of half a domestic roundtrip ticket, plus another half if you are approved for a balance transfer
• Chase Slate, which is a generic card with no rewards, and some useless tools to monitor which parts of your statements you are not paying off
• Chase Marriott Rewards Signature Card, which rank well because of their generous sign on bonus of 20,000 points + a free night’s stay. The more exclusive Chase Marriott Rewards Premiere Card offers 2x points at restaurants as well, but has a higher annual fee.
• Chase Priority Club Rewards Signature is a hotel card for InterContinental, Crowne Plaza, Hotel Indigo, Holiday Inn, Staybridge Suites, and Candlewood Suites. The card offers a 10,000 point bonus each year when you spend more than $15,000, on top of the 1 point per $1 spent you earn on a normal basis. The card receives 3x points when used at the aforementioned Priority Club Hotels.