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{ 11 comments… read them below or add one }
This happened to me! A lot of purchases I made at restaurants in Manhattan, as well as on various Airline tickets were mis-categorized and I got jipped out of my rewards.
I was converted to the Chase Freedom Plus card a while ago and it seems to still be a good card. It works on the top 6 bins without bin caps that they implemented a while back. There's an annual fee of $40-50 but in my case, I easily recouped that in a month or two on rewards "gains" from the extra bins and cap removal. I seem to still have the $250 check option as well which is the entire reason I got this card to begin with. For those interested, this seemed to be worth it if you were spending around $1200 /mo. on the card. As a long time user, I have to say I've been extremely annoyed at all the changes that have gone on with this program but it still seems like the best card for me with the Plus version.
It also asked $30 reward fee/year.
Yes, they are now asking for a $30/yr reward fee on my card too. But I have switched to their non-cash rewards card (which supposedly you can still redeem for cash) which has no annual fee. Someone at NerdWallet needs to update their annual feels for that card.
Yep, the $30 annual fee is a reward fee for the "Plus" version of the card which offers a slightly better reward earn rate (otherwise known as the Chase Freedom Ultimate Rewards Plus card). We don't list this version of the card because it is only offered to existing Chase checking customers. This is also why you won't find it on the Chase website.
The standard version of this card that we have listed here has no annual fee.
How do you get the cash? Direct deposit, credit to your account or a check? Do you have to ask for it? Or it is automatic?
Hi Jennifer, this is another reason we find this card to be kind of annoying. They claim it is a "cash back" card, but unlike other cash back cards, you don't get the money direct deposited or automatically applied to your statement. You have to go to their rewards portal and actively redeem your points.
In this way, they will try to persuade you to exchange your points for things like vacations or gadgets where the point value will be significantly lower, but you can also choose to redeem for checks and gift cards at a reasonable valuation.
Thanks for your quick reply.
I just applied for one, though. I guess I will have to cancel it when I get the card, because straight & simple is the No. 1 priority for me. If it is cash back card, it should be a cash back card. No vacation or gadgets or persuation. I will make my own decision what to do with the cash.
The reason I am searching for a good simple cash back card is that I have been fed up with my current card reward issues. On the face of card, it is Banana Republic visa card, actually it is a GE Money Bank card. The two do not speak the same language when the rewards are concerned. You have to call both sides, multiple times, for a simple reward quesion. And by the the end of the day, the problem still stays unsolved. I want to get rid this card as soon as possible and find a better one. Any suggestions? I heard about Citi Dividend card. Does nerdwallet have any comment on this card?
I wouldn't recommend that you cancel the Freedom if you've already applied. Applying for and canceling too many cards will leave a negative mark on your credit history. Plus, you can exchange your Freedom rewards for cash (I believe they'll mail a check), which is why they call it a "cash back" card, it's just not automated for you.
If you really don't want to deal with that, we have plenty more cash back cards here: http://www.nerdwallet.com/cash-rewards-credit-car....
The Citi Dividend is a student credit card you can find here: http://www.nerdwallet.com/card-details/card-name/...
Thanks for your advice. I have been great.
I think I will use Freedom for a couple of months and see how it goes.
Glad to help. Best of luck!