Chase Sapphire Reserve℠

Chase to Discontinue Miles for Debit Cards July 12, 2011

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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®

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  • 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 from account opening on purchases and balance transfers, then 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, and wholesale clubs
  • Cash Back rewards do not expire as long as your account is open
  • No Annual Fee
Intro APR Regular APR Annual Fee Foreign Transaction Fee Credit Rating
0% for 15 months 14.24%-23.24% Variable $0 3.00% Excellent/Good