Well I maxed the $300 annual reward limit on my Chase Cash plus rewards card and I was dissappointed to find out that you can no longer get the card online anymore. Well through a friend I found out that you can still get this card by going into the actual Chase branches. I did so this afternoon and have my 2nd Cash Plus Rewards card on the way.
The great thing about this card is that it pays 5% back on gas and groceries and 1% on everything else. What’s even better about this card is that it treats every single purchase at my local Super Walmart as Groceries and thus I get 5% back on all my Walmart purchases. Seeing as how I am already a Walmart junky this comes in very handy.Also when signing up for the card I tried to pin the guy down about the future of this card, and he assured me that while Chase may phase out offering this card in the near future it will grandfather me into my existing program and I will be able to keep using it under these terms even if they kibosh the program. I don’t believe a word he told me as credit card companies can change their terms and conditions any time they want and likely if they are killing the program it wasn’t very profitable for them and they really have very little reason to grandfather the rest of the people in.
I also asked about the initial balance transfer optoins, bt as far as balance transfers go this card really stinks. When the new card comes I will get 0% interest on all purchases for 12 months, but they charge you 3% on all balance transfers and they would only preapprove me with a $10k credit limit. So I guess I will just use my two cash plus rewards cards for all my spending, I should be able to get about $600 a year in free money doing this and if I decide to play the balance transfer game I will use a more friendly company like Citi to do that.
Anyway if you like this card you can still get it by stopping in at a local Chase bank, personally I would probably recommend the Citi cards due to their flexible terms and ease of use (like requesting balance transfer online through web page and no fees), but I do all my other banking with Chase so I had some motivation to try to make things work within the Chase world. Unfortunately Citi does not have any banks that I know of in my area.