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Chase freedom Important Changes to Your Rewards Program

snigam78 40 54 August 25, 2016 at 07:37 AM in Finance
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Just got an email.

We are making changes to the Chase Ultimate Rewards® Amazon Shop with Points1 program.
• Beginning September 1, the Amazon.com redemption value for $1 is changing from 100 points to 125 points. This change does not impact the Amazon.com Rewards Visa card.
• Your points will no longer be deducted when your purchase ships; they will be debited at the time your order is placed.
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6 Comments

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#2
#lame
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Joined Oct 2009
If It's Free, It's for Me
1,486 Posts
359 Reputation
#3
Old news bruh, but helpful to those who are didnt know.
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#4
I heard this awhile back and it makes no sense. Who would ever redeem for an amazon card now?
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#5
Made no sense at 100 pts = $1 since redeeming for statement credit was better than redeeming for amazon purchases and not getting points for these purchases.

My guess for moving to 125 pts = $1 is that they just wanted to make it more obvious that you were not supposed to redeem these points for amazon credit.

Either way, a bad conversion option getting worse... nothing to see. Move on.
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Joined Nov 2009
Such deal. Much savings.
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#6
I wonder if they have metrics (I'm sure they do internally) on how many people convert points towards purchases. A sucker's game at 1:1, at 1:1.25 it's just mind boggling.
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Joined Mar 2005
L5 Space Station Citizen
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#7
Thumbs down not for the post, but for the change Frown

Thanks I didn't know this. I'll shift my spending to another CC
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