Chase Making More Benefit Cuts: No More Price Protection
In a never ending spree of Chase devaluations, the latest out of Chase is the removal of Price Protection across it’s branded cards. Let’s be clear, the DiscoverIt Card, which has rotating 5% categories and no annual fee has a superior benefit to the “Premier” rewards card with a $450 Annual Fee. This is not a shock since we reported rumors about a month ago about price protection and a few other negative changes. This is unfortunate in light of the brand new card that went live today, Chase Ink Business Unlimited Credit Card Review – Best Everyday Business Card on the Market?
There is some suggestion that an app called Earny, which automatically monitors your account for price drops and files claims on your behalf is a potential cause of the removal. So let’s get this straight: Benefits are yours until you make use of them and get an actual benefit? Not cool.
Related: Chase Ultimate Rewards Points Guide: Earning, Redeeming and Sapphire, Freedom and Ink Brands
Here’s just a recent list of negative related posts:
- Chase Adds Restrictions to Personal Southwest Cards
- A Devaluation is Likely Coming to the Chase Sapphire Reserve… But is it Really a Big Deal?
- Chase Sends Out IHG Premier Upgrade Offer & It’s Amazing (ly bad)! Need More Data Points
- Stealth Credit Card Devaluations: Is This the New Normal?
- What Would Chase Eliminating Ultimate Rewards Transfers Mean? I Take A Look at Each Card
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When Will It End
It seems like one thing after another lately with Chase making small changes that reduce the value we’re getting from our partnership with them. Ultimate Rewards is a great program, but the Chase Sapphire Reserve is not the only card that earns them, so you may want to think twice before paying your annual fee next year. It’s not as offensive when benefits are removed from cards with lower annual fees since you’re not providing as much value to the issuer in those cases.
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Price protection is a ridiculous assertion in a market based economy!
Ok, you bought the newest 4K Smart TV ,oh yes, you forgot to do your homework…..sorry it was priced way above market conditions.
and get a good price reduction….except when it becomes too costly to sustain the market fluctuations. It wasnt supposed to work, it wont work!
Stop playing games Mr CC and Mr Banks. Bait and switch gimmicks arent profitable sometimes. We arent dumb!
Want price protection? well move to a socialist economy with fixed prices. Oh, with no credit card bankers either!
Now that is consumer protection!
Yes, benefits are cost Chase money. When it becomes too easy to “use” them, they go away. Look at how long Amazon offered price protection before Paribus came along? Once it became too expensive they got rid of it, and the same with price protection which very few used, but Earny made it too easy to use price protection and thus killed it.
Old news…
Discover Card removed price protection, purchase protection and extended warranty back in February, so most Visa, MasterCard and Amex cards are superior in this regard.
NO…. they removed Extended Product Warranty, Return Guarantee, Purchase Protection. Price protection remains. https://www.discover.com/credit-cards/member-benefits/value.html
If point pooling/transfers end, my wife and I cancel our CSR. Using the 1.5 cents per point for travel spending via their travel agency is the only reason we retain the card.
Agreed!