This Card Is Disappearing for Good!

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Big changes are coming if you’re a Chase Fairmont cardmember!

Via reader IAD Gr8, Chase is converting the Fairmont credit card to the Chase Sapphire Preferred on August 15, 2017!

Chase stopped accepting new applications for the card earlier this year.  But plenty of folks still have the card!

This Card Is Disappearing For Good

You Can No Longer Apply for the Chase Fairmont Card – and Folks Who Already Have It Will Soon Receive a Chase Sapphire Preferred Replacement!

I’ll share what we know!  And help you decide what to do.

Chase Fairmont Converting to Chase Sapphire Preferred

Link:   Chase Letter to Fairmont Cardholders

Chase discontinued the Fairmont card back in January 2017.  And now, on August 15, 2017, Chase will convert existing Fairmont credit cards to the Chase Sapphire Preferred!

Here’s what you need to know:

  • Points earned up to your last statement prior to August 15, 2017, will continue to deposit into Fairmont’s rewards program.  Points earned after that statement will convert into Chase Ultimate Rewards points
  • You can redeem Fairmont points until August 15, 2017
  • Cardmembers who spend $12,000 in their current cardmember year will still receive a free Fairmont hotel night on their cardmember anniversary, or within 10 weeks after August 15, 2017, whichever is sooner

Because Chase is ending the card on August 15, 2017, many folks will NOT have a full year to spend $12,000 to receive their free night.  So Chase is giving them a complimentary Fairmont night (good through February 28, 2017) for spending $6,000 on the Chase Fairmont card.

Note:   The Fairmont elite status that comes with the Chase Fairmont card will likely last until 2018.

Team member Joseph has kept his Chase Fairmont because each year he’s received Fairmont certificates, like a free room upgrade, free suite upgrade, and free 3rd night.  So he’s sad to see it go.

What Should Chase Fairmont Cardholders Do?

Most folks in this hobby already have the Chase Sapphire Preferred.  So Chase Fairmont cardholders will probably NOT get a lot of use out of this conversion.

If this will be your second Chase Sapphire Preferred, I recommend downgrading it to a Chase Freedom or Chase Freedom Unlimited.  That way you won’t have to pay an annual fee.  And these cards can be a powerful combination with the Chase Sapphire Preferred.

The Chase Freedom has generous rotating quarterly bonus categories.  You can earn 5 Chase Ultimate Rewards points (5% cash back) per $1 spent on up to $1,500 in combined spending.  And the Chase Freedom Unlimited earns 1.5 Chase Ultimate Rewards points per $1 on everything.

This Card Is Disappearing For Good

You’ll Get 5 Chase Ultimate Rewards Points per $1 Between July and September When You Use Your Chase Freedom at Restaurants

I do NOT recommend upgrading a second Chase Sapphire Preferred to a Chase Sapphire Reserve, because there is no benefit to having both cards at the same time.  You should only have one or the other to avoid paying an unnecessary annual fee.

Note:   If you missed out on the Chase Fairmont card, there are still plenty of other Chase hotel cards that can give you Big Travel with Small Money, like:

Bottom Line

Chase is eliminating the Chase Fairmont card and converting it to the Chase Sapphire Preferred for all current cardholders.

I recommend downgrading the card if you already have the Chase Sapphire Preferred.

What do you plan to do after Chase replaces your Fairmont card?

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14 responses to “This Card Is Disappearing for Good!

  1. I have two fairmont cards and have 4 free nights accrued. Do I still receive those in the first year or do I need to use them before august?

    • I second your question, Steve. I have two free nights, and two upgrades. Do I need to plan a hotel stay before the August discontinuation date, or perhaps make a reservation before the August discontinuation date, even if it’s for a stay after August?

      • Many people are in this boat (me too). I think the question about when to plan the hotel stay (before or after August) is one for Fairmont, with confirmation from Chase. Mine don’t expire until next summer, and I am planning to use them then (as of today, anyway).

        • I just spoke with Carmen, at Fairmont Hotel reservations. She has assured me that the certificates that we hold are valid through their expiration dates. In my case, I received Fairmont credit card, and the free night certificates, on March 9, 2017. Carmen said that my certificates are valid through the stated expiry date, March 9, 2018.

          That said, I would love to hear corroborating posts from others.

  2. My wife has had the Fairmont card for several years, spending $12,000/year. She has spent the $12K this cardmember year, set to earn her free night when her year ends on 7/8/17. Will she then be eligible to earn one more free night by spending $6,000 between 7/9/17 and 8/15/17?

  3. Sorry for being totally off topic, but is that a picture from Salt Lick BBQ?

    And now I’m hungry for BBQ.

  4. Will Fairmont do a new card with a different bank? I hate that i missed getting it!

  5. I have the Fairmont card, but not the Chase Sapphire Preferred. In this case, do you recommend canceling the Fairmont card before the conversion, so you can get the 50k bonus points when applying for the Chase Sapphire Preferred?

  6. I’m staying at two Fairmont properties in Canada in July and then will cancel the card and take my credit line on it and transfer it to a different Chase card I already have. I don’t need another Sapphire and don’t want a downgraded card if I don’t earn a sign up bonus on it.

    Also, I thought the Ritz card was affected by 5/24, so reading that it’s not made me really happy!

  7. It’s good news for those of us who got blindsided by the 5/24 rule without a CSP in our wallets. Your description of how Fairmont points will be handled is unclear. Here’s what it says in the letter. “You’ll continue to earn points on purchases that post to your last statement before August 15. You’ll have until then to redeem points through the current Fairmont rewards program. Any unredeemed points will transfer to your Sapphire Preferred account.”

    I’m pretty sure that means that all unredeemed Fairmont points will become Ultimate Reward points no matter when they were earned. This is great news, since Fairmont points are pretty much useless. I’ve never redeemed any of mine. People get this card for the free nights and certificates, not for the points.

  8. I called Chase and was told it was not possible to switch to Chase Freedom Unlimited. Has anyone successfully does this?

  9. I had received an offer on a Chase Marriott card without any wording on 5/24 or anything that made me think it would be a bad idea to apply (been about four years since I had a Marriott card). So, I applied hoping to switch over to Marriott instead of Sapphire (since I have one). Turned down because of too many applications (probably the 5/24 rule kicking in), but mentioned on the reconsideration line about the Fairmont card going away and I wanted to switch over to Marriott since I do not need another Sapphire (and I have a Freedom card). Reconsideration person thought that was a good idea and sent me over to another person to talk to and they were 100% dialed in on the Sapphire card and that there were no other options, even if you already have one. Said if I do not want a second one, then I can cancel the second one when it switches over. May try to call and chat with someone else. Not impressed with Chase here- have had my Fairmont card for years and really did not want it to go away. Think they should be more flexible since I am not the one cancelling it.