Chase Freedom’s Official Terms Might Be Good News for Some

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I was reviewing the Chase Freedom application today for their limited time increased bonus offer and noticed some different language in the terms and conditions.  

In the past, the terms indicated that folks who’d previously had 1 of their card products were NOT eligible to get the sign-up bonus again.

What’s New With the Chase Freedom?

Link:   Chase Freedom

The terms and conditions (click on “Offer Details) for the Chase Freedom card now say:

This new cardmember bonus offer is not available to either (i) current cardmembers of this consumer credit card, or (ii) previous cardmembers of this consumer credit card who received a new cardmember bonus for this consumer credit card within the last 24 months.

In the past, the language has always said that you can get the bonus only once.  This was unfair to folks who had the card many years ago (say your 1st card in college!), and had cancelled the card, but wanted to get the card again.

While Chase may be getting more relaxed with their policy, American Express recently began limiting folks from getting repeated credit card bonuses.  But now, it’s 1 bonus per card, per person, per lifetime!

Chase Freedom's Official Terms Might Be Good News For Some

You Can’t Cancel an AMEX Card and Get the Bonus Again Later

What About Other Chase Cards?

I checked the terms and conditions for the Chase Sapphire Preferred, Chase Ink Bold, Chase Ink Plus, Chase Southwest, Chase Hyatt and Chase IHG cards.  All have similar language (which hasn’t changed from previous offers):

This one-time bonus offer is valid only for first-time cardmembers with new accounts.  Previous and existing cardmembers/accounts are not eligible for this bonus offer.

I wonder if we’ll start seeing changes to the official Chase policy for these cards, too.

Bottom Line

Chase has changed the language on the terms and conditions for the Chase Freedom sign-up bonus offer.

Now, at least on the Chase Freedom, the terms say you can get a bonus again if you haven’t had the card in the previous 24 months.  But this change only seems to be on the Chase Freedom card and not yet on other Chase cards.

We’ll see if Chase changes its policy for other cards!  This is a very rational policy which prevents folks from abusing the card’s sign-up bonus, but still provides a way to get the bonus if you previously had the card.

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9 responses to “Chase Freedom’s Official Terms Might Be Good News for Some

  1. That’s good to hear, but the Freedom is the one card that I’m against churning. Hopefully they put 24 months in place on the Southwest cards, so my wife and I can juggle companion passes.

  2. This is now on at least some of the CSP applications as well.

    Under Offer Details:
    “40,000 Bonus Points After you spend $3,000 in the First 3 Months from Account Opening: This new cardmember bonus offer is not available to either (i) current cardmembers of this consumer credit card, or (ii) previous cardmembers of this consumer credit card who received a new cardmember bonus for this consumer credit card within the last 24 months.”

  3. Diamond Vargas

    Daraius, I think you might want to clarify your interpretation of Chase’s language here. The T&Cs exclude people “who received a new cardmember bonus for this consumer credit card within the last 24 months”, whereas you write that excluded are those who have “had the card in the previous 24 months.” Those are very different timing concepts — the first is effectively 24 months from hitting the initial minimum spend on one’s prior Freedom card, whereas your interpretation implies 24 months from closure of that prior Freedom card.

  4. Semi-related question. I have Ink Bold and Plus, and am working to get both sign-up bonuses within a small window of a few months. Is it okay to ask Chase to put them both under my one online account management username? Thanks!

  5. Also, is it okay if both Ink cards get assigned to one Ultimate Rewards account? I don’t even know if you can have two, or if it’s an issue, but asking that as well. Sorry, thx!

  6. Quick question, I signed up for the Chase Saphire Preferred and was approved about a 2 weeks ago. Can I sign up for a Chase Freedom card and if so, is there a grace period I need to wait in order to fill out an application? Thanks for help and you website is invaluable.

  7. Well I know for a fact that a couple can both cancel their Marriott cards and then apply for the 70000 point offer AGAIN immediately, even getting the yearly fee reversed in both cases all through the Secure Message Center. However, no free night immediately the second time around.

    • @Nick D – It wasn’t there when the post was written, but thanks for the update!

      @Diamond Vargas – In practice, folks sometimes get the bonus after closing the card for 2 years. But remains to be seen how these terms are implemented.

      @Scott – That’s fine and I have both cards under the same account.

      @Al – I would wait, but if you don’t have any other Chase cards it could be fine to apply.

  8. I currently have the freedom mastercard and heard chase is auto converting those to visas. So, this month, I’m going to cancel my freedom Mc and apply for the visa.

    Also, I will try to refer myself for 5000 point bonus.

    Will both steps work?