Credit Card Offer from Chase

---

CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!

---

Post subject: Credit Card Offer from Chase

N. Sullivan
Date: 2/2/2001 3:54 pm CDT

Just want express disapproval of the discontinuance (effective 5/15/01) of the Rewards Check feature of the Verizon Credit Card from Chase Bank. The perk could be applied to the owner's Verizon phone bill and was good for about $20 per month when the card was used at a rate of $1000 per month. Since I paid the credit balance in full, it was a great way to lower my phone bills, and give me a pretty good record of my primary credit spending all in one Credit card file.

To my way of thinking this was a poor move on Verizon/Chase Bank's part.

Also, don't be taken in by Chase Bank which offer a "Cash
back" or "cash builder" card. The Bank offers cash back only if the user maintains a revolving credit balance of over $500. Big deal: give the user 1% on his monthly purchases, and let the bank have a steady finance charge
on at least $500 each and every month.

---

CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!

---

Tony Falcone
Date: 2/2/2001 11:45 pm CDT

I wholeheartedly agree with you. I am very disappointed in their ending of the rewards program. I hope Chase knows that I'll be shopping for another rewards card, and it will hopefully not be with them.

-Tony

---

CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!

---

Ira Stoller
Date: 2/3/2001 0:58 am CDT

This comes on the heels of Bank of America cancelling their rebate program with the Sunoco Master Card. I used to get mabe $30.00 a month in cash rebates. I will surely miss it. Do you think this is the start of a trend to discontinue rewards cards and all other types of incentives?

---

CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!

---

Board Monitor - CA
Date: 2/3/2001 8:44 am CDT

Ira,

When will the Sunoco card cease being issued? I would to include an update on our site about this. I didn't find any info. on BofA.com.

I don't think this represents a trend. Rebate cards seem to come and go with frequency. I am surprised the Sunoco program lasted as long as it did. There are new reward card programs that seem to "spring up" almost on a daily basis. So much so, that it is hard for us to keep up with all of them.

Best Regards,
Curtis Arnold
CFCCT P.R. Dir.
http://www.cardratings.org

---

CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!

---

Eugene
Date: 2/3/2001 9:10 am CDT

There are new reward card programs that seem to "spring up" almost on a daily basis.

Yeah, I agree.
I think reward programs in general are not going anywhere because they are an excellent tool of attracting customers for CCCs. Too bad that individually, they don't seem to last long. The more customers leave issuers after a reward program is discontinued, the sooner CCCs start offering more stable programs.

---

CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!

---

Ira Stoller
Date: 2/3/2001 6:30 pm CDT

Curtis,

I posted a msg about this several weeks ago. I received an undated notice from Bank of America as follows:

"We appreciate your participation in the Sunoco MasterCard program from Bank of America.

"Since 1994, when the program was introduced, we have rewarded our loyal cardholders with millions of dollars in rebates for Free Gasoline. As one of our customers, we want you to be among the first to know that this program will be ending on May 18, 2001. Additional details or new opportunities will be provided prior to that date.

"In Summary:

"CREDIT PRIVLEGES will continue. Use your Sunoco MasterCard for all your gasoline purchases and other shopping needs. You will be receiving a replacement card at a later date.

"REBATES will continue to be earned through your March 2001 billing statement, after which no rebates will be credited. All earned rebates will be issued in your March 2001 billing statement and may be redeemed through June 30, 2001.

"No action is required on your part. P{lease continue using your credit card until you receive your replacement. Additional details will be provided in the coming months.

"Again, thank you for your business, and support of this program.

James R. Sebo
Senior Vice President
Bank of America"

I have no idea what the significance of the May 18th date might be or how it ives with the other dates, but that's all the information I have at this time. Hope this helps.

---

CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!

---