Friday, May 15, 2009

Credit Card News: Chase Freedom, Advanta And Statefarm Gift Cards

Chase Freedom Card:
It seems, that as of June 30th, Chase Freedom will no longer be offering $250 when you reach $200 in spending, in essence cutting the cashback down from 1.25% to just 1%. Also, they will no longer offer 3% on your top spending categories (actually 3.75%). I currently use the Chase Freedom card for most of my non-Amex purchases. Perhaps now I will get the Charles Schwabb Visa, which offers a flat 2% cashback on all purchases.


Advanta is closing down! You won't be able to use their credit card anymore as of June 10th.
Lots of my readers have benefited from their 0% APR offers, so I figured I'll let you know its over. If you already have the card, you shouldn't have a problem waiting to pay back the money till the 15 months are up though.

Statefarm Gift Cards:
Oh well. It looks like Statefarm no longer accepts Citi cards when purchasing Statefarm gift cards. I wrote about how it's an easy way to spend the required $750 on Citi AA cards, without actually spending it. Now it seems that Statefarm caught on. So, the US Mint seems like the best place to spend that $750 for now.

My latest gift card purchase was interesting. I bought two $500 Statefarm gift cards on a Citi AA card. The charge went through for $1,009.90, then I was refunded twice $500. So I ended up being charged $9.90. Once the statement closed I was pleasantly surprised to see that the 25,000 signup bonus still posted, even though I only got 10 AA miles for the $10 charge.

It would be nice to know if other refunded purchases qualify for the $750 you need to spend before receiving the sign up bonus...

And once we're talking about Citicards: Be careful when you use your Citi card overseas, you will be charged an extra 3%, even if the actual charge is in US dollars.


Anonymous said...

does it still work with chase cards?
(a la the 100,000 mile BA Visa)

Anonymous said...

does STATEFARM still work with chase visa?

levi said...

im not sure but i dont think their allowing you to unload the card into bank accounts anymore.... :( said...

Why do you say that? Did they stop you from unloading the money?

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