For Everyone Looking For Multiple Chase Freedoms: This Is The Order Of Cards You Need To Sign...

Chasing The Points

Chasing The Points

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I have been a long time Chase customer, since at least 2006 and as a Washington Mutual customer before that. During the financial crisis, JP Morgan Chase purchased many of Washington Mutual’s assets. I used to have a WaMu MasterCard and during the Chase and WaMu integration, the WaMu card converted into a generic Chase card earning non Ultimate Rewards points. I was fortunate that I was able to product change and convert the points into another Freedom and Ultimate Rewards. At the time, that led me to have 2 Freedoms, one Visa and one MasterCard. Now they’re both Visa’s following the Chase transition of moving from MasterCard.

Anyway, a couple of weeks ago I said I’m ditching the Chase Sapphire Preferred. I did it. Here’s a couple of quick things that occurred:

  • Annual fee was assessed in October, I was able to get a full refund.
  • Product changed Sapphire Preferred immediately became a Freedom and the CSR immediately activated the bonus categories
  • Same credit card number from the Sapphire Preferred is now the Freedom
So I probably have the fanciest mislabeled Freedom card around and this brings me to a total of three Chase Freedom cards issued in my name.

What beginners should do:


If you want more than one Chase Freedom card for the 5x quarterly bonuses this is what I suggest you do. Even if you aren’t a beginner, you could still follow this advice to grab more than one Freedom. You must sign up for the Chase Freedom before doing a product change.

This is the order of signing up for cards I would propose if you are starting off:

  • Chase Freedom
  • A comfortable time frame afterwards, like 6 months, apply for the Chase Sapphire Preferred
  • When you’re ready, product change the Sapphire Preferred into Freedom
If you’re already on your way of having many cards, but don’t have a Freedom, I suggest swapping the cards step 1 and 2. So it would look like this:

  • You already have the Chase Sapphire Preferred
  • A comfortable time frame afterwards, like 6 months, apply for the Chase Freedom
  • When you’re ready, product change the Sapphire Preferred into Freedom
At the end, you will now have two Chase Freedoms issued in your name.

Other Products:


Remember how I posted about the three options you can convert into with the Sapphire Preferred? They are:

  • Chase Freedom
  • Chase Sapphire
  • Chase Slate
I believe it is possible to sign up for a Slate and then product change into a Freedom. Here is some evidence:

Based on what I read on the “NO” and the “YES” it sounds like Chase is unable to product change an original WaMu card that became a Slate into a Chase Freedom.

Conclusion:


I love Chase Ultimate Rewards earning credit cards and you should too. The Freedom quarterly bonuses are awesome and this is one way of making it really easy to earn points. Yes, you’re limited to $1,500 per quarter, but if you are like me, I can now do $4,500 per quarter. This means if you can maximize all four quarters, you can look at making a really easy 90,000 points.

Also to note, Chase is not like Citi. It seems like Citi lets you product change anything to anything. What I mean is, it could be a co-branded Citi card and you can change into some other Citi card. Chase is not like that. They will not allow you to product change a Chase United Mileageplus Explorer into a Chase Freedom. Chase will only product change cards that are their own proprietary issued cards.

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