Chase Freedom Unlimited 3% Offer Ends Abruptly
Chase released an amazing offer a few weeks ago for the Freedom Unlimited card. They were giving new cardmembers 3% back (3 Ultimate Reward points) on every dollar spent in lieu of a sign up bonus. For people like us this was a gold mine.
Why Did it Get Pulled so Soon?
People have speculated that this offer played a large part in the rumors of Chase ending pooling points. When you transfer the 3 points per dollar from the Freedom Unlimited card to a premium card that makes the CFU a 4.5% back on everything card. That made it the most powerful card on the market.
What follows is 100% speculation but it is fun 🙂
I think Chase felt like they could use this offer to compete with Discover but then realized how much value people could get from it. So they hatched up a plan to eliminate pooling to counteract their poor decision making. Once it was leaked that pooling could be ending there was a large amount of negative blow back so they decided to just pull the offer. Now they have to decide what to do next.
Hopefully they just swallow the loss on the new people and keep the pooling intact.
Either that or the offer was meant to be targeted and it went too public too quickly and they yanked it.
This was an amazing offer if you were able to jump on it. I am lol/24 so was not able to get this 5/24 card. But if you did get it be cautious with your spending on it for a little while. I have a feeling they will be watching these cards closely.
Why do you think the offer was pulled so quickly? Let me know in the comments section.
Hat Tip Doctor of Credit