Chase to Discontinue Miles for Debit Cards July 12, 2011

by on March 20, 2011 · 12 comments

in Chase, Continental

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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!

Disclaimer: The responses below are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.

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  • Miles

    ingy reports (in the comments section of his blog) that the “rumblings” of an amazing new offer have quit. He says the proposed new offer will not happen. Dang!

  • Alex

    Unfortunately, it seems like debit cards co-branded by airlines are diminishing :(. I had even considered going for the Chase continental, but instead I opted for the USAir BoA check card. Granted I didn’t get a lucrative offer at the time, but I still get miles for charges.

  • The Points Guy

    @miles- I’m hoping my deal is different!
    @ Alex- debit card laws were changed recently so I knew they’d die down sooner or later. Time for the next deal! :-)

  • SC

    The announcement mentions only changes to the Continental Airlines Debit Card so is it only the Continental one being terminated or does the Durbin Amendment cover the United Mileage Plus Debit card from United?

  • noel

    so, any hints as to the rumblings you’re hearing?

    all this mysterious talk is making me hold off my applications. Am I safe applying for the SPG card? or do they sometimes offer better enrollment bonuses than the current 25,000 with $15,000 spend?

  • The Points Guy

    @Noel- it wasn’t an Amex offer, so you are fine to go for the Starwood card. Last summer they offered 30k points for a relatively small amount in spend (maybe $1-$3k), but I’m not sure that will ever come back. 25k is pretty solid if you can hit the spend requirement

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  • Gerry

    Does anyone know if this affects a flight I bought from June to August, would I still get double miles if I booked it with my card before the end date?

  • The Points Guy

    You get the bonus miles the month the payment is purchased, so you should be fine.

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