Chase to Discontinue Miles for Debit Cards July 12, 2011

This post contains references to products from one or more of our advertisers. We may receive compensation when you click on links to those products. For an explanation of our Advertising Policy, visit this page.

As a Chase banking customer, this announcement came as terrible news – they will discontinue awarding miles for debit card purchases as of July 12, 2011. But, at least there are a ton of other lucrative credit card offers out there (check my Top Deals page) and I’ve heard rumblings that there may be an amazing new offer coming soon (rest assured, I’ll announce it here if it happens to be true).

Since having good credit is a huge centerpiece in building a robust points and miles strategy, check out this post where wrote about ideas for improving your credit if you don’t have a good enough score to qualify for a credit card.

Anyway, this just goes to show that you need to get in on deals while the gettin’ is good! I earned over 100,000 Continental miles from signing up for $180 in debit cards (two sets of personal and business cards – each with a 25,000 miles bonus). I wrote about these offers extensively and I know many of you got in the action as well.

While I mourned the loss of the debit option for a quick second, it’s on to the next deal for me. That’s the way you have to be as a serious points and mile hound!

Chase Freedom®

Apply Now
  • Earn a $150 Bonus after you spend $500 on purchases in your first 3 months from account opening
  • Earn 5% cash back on up to $1,500 in combined purchases in bonus categories each quarter you activate
  • Unlimited 1% cash back on all other purchases — it's automatic
  • 0% Intro APR for 15 months on purchases and balance transfers. After the intro period, a variable APR of 14.24-23.24%. Balance transfer fee is 5% of the amount transferred, $5 minimum
  • Enjoy new 5% categories every 3 months like gas stations, restaurants, select grocery stores, and wholesale clubs
  • Cash Back rewards never expire as long as your account is open
  • No Annual Fee
Intro APR Regular APR Annual Fee Balance Transfer Credit Rating
0% for 15 months 14.24%-23.24% Variable $0 See Terms Excellent/Good