[Disclosure: I get a referral for the links to the cards in the post. Emily and I are always grateful for your support!]
In my first post on this change, I wrote “I personally wouldn’t go out an apply for the card in anticipation of a decrease in the sign-up bonus next week.”
And on Saturday, I wrote “I’d even bet 40,000 Ultimate Rewards points that the changes will be slightly positive!”
Well it turns out that I’m not losing 40,000 Ultimate Rewards points this time!
The sign-up bonus is still 40,000 points, but the minimum spending is now $2,000 (instead of $3,000) within 3 months.
I explained, in my weekend post on why the American Express Starwood card is overrated, but still worth the 30,000 point sign-up bonus, the combination of the fee-free Chase Freedom and any one of the transferable Chase Ultimate Rewards cards (Chase Sapphire Preferred, Chase Ink Bold, Chase Ink Plus, or JP Morgan Select) is a better choice for the average American who is not a Big Spender.
That’s because you can earn 5X Ultimate Rewards points on the Chase Freedom (a no annual fee card) which can be transferred to airlines or hotels, get additional Ultimate Rewards points through the Ultimate Rewards shopping portal, and pay no foreign exchange transaction fee on any one of the transferable Ultimate Rewards cards (Chase Sapphire Preferred, Chase Ink Bold, Chase Ink Plus, or JP Morgan Select).
Perhaps there will be more good news from the banks as the year comes to an end.
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