Chase Prorates Annual Fee for Mileage Debit Cards

Apr 1, 2011

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I recently wrote about Chase’s decision to no longer award miles for debit card purchases. This is a shame because I know a lot of people who leverage debit cards to earn miles – whether they don’t believe in credit or simply can’t get a credit card, at least debit cards were an option.

A letter I received from Chase yesterday confirms the change. After July 12 I will, “no longer earn Continental OnePass miles when I use my Chase Continental Airlines Debit Card” – I’ll even get a $13.75 deposit for a prorated refund of my annual fee on April 19, 2011.

I haven’t gotten any notice from Bank of America, but I’m sure the time is coming on their co-branded debit cards. I never use my US Airways debit card anyway – it was just to get “hits” in the uber-lucrative Grand Slam promotion.

While this isn’t shocking, it is a reminder to make sure you have plans after July 12 since not earning miles and points on your spending isn’t an option! For a list of top credit card deals, check out the Top Deals page. Feel free to suggest any options if you feel I’ve made a glaring omission.

Chase Sapphire Preferred® Card

WELCOME OFFER: 80,000 Points


CARD HIGHLIGHTS: 3X points on dining and 2x points on travel, points transferrable to over a dozen travel partners

*Bonus value is an estimated value calculated by TPG and not the card issuer. View our latest valuations here.

Apply Now
More Things to Know
  • Earn 80,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $1,000 when you redeem through Chase Ultimate Rewards®.
  • Enjoy benefits such as a $50 annual Ultimate Rewards Hotel Credit, 5x on travel purchased through Chase Ultimate Rewards®, 3x on dining and 2x on all other travel purchases, plus more.
  • Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards®. For example, 80,000 points are worth $1,000 toward travel.
  • With Pay Yourself Back℠, your points are worth 25% more during the current offer when you redeem them for statement credits against existing purchases in select, rotating categories
  • Count on Trip Cancellation/Interruption Insurance, Auto Rental Collision Damage Waiver, Lost Luggage Insurance and more.
Regular APR
16.24% - 23.24% Variable
Annual Fee
Balance Transfer Fee
Either $5 or 5% of the amount of each transfer, whichever is greater.
Recommended Credit

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