Several readers & reddit user zXFDz have reported receiving a survey from Chase regarding 5x Chase Ultimate Rewards points on all purchases made using a mobile wallet on the Chase Freedom card. The survey had two statements:
- Get cash back from your mobile wallet every day. Make Chase Freedom your default payment to earn 5% cash back on every purchase and get the full earning potential of your Chase Freedom card.
- Enjoy the convenience, security, and earning power of Chase Freedom in your mobile wallet. Enroll your card and earn 5% cash back on every purchase
Survey respondents were asked the following for each statement:
- How clear do you find this statement?
- Overall, how appealing do you find this statement?
- Would you make Freedom your default mobile wallet payment based on the statement below?
Chase is already offering 5x points per $1 spent as a rotating category for mobile wallet purchases in Q1, so I suspect they will use data from that when making a decision as well. If they do add mobile wallet purchases as an ongoing offer, I still expect it to fall under the $1,500 spending cap that the rotating categories currently offer. It’s also possible that this would replace those categories as well, although I think they would still want to compete directly with the Discover it.
Personally I don’t see Chase introducing this, what’s more realistic is them introducing this but limiting it to Chase Pay mobile payments only. I also haven’t heard anything from my normal Chase sources, but I wouldn’t expect any sort of formal announcement or even decision until after the end of Q1 anyway.
I would consider dropping my altitude card if I got 5% on all apple pay payments form freedom. Altitude gives me 4.5% travel credit on all app purchases with no limit.
Samsung Pay users will get $0.20 per transaction each time they use Samsung Pay + 5% cashback from Chase. The $0.20 per transaction reward already paid for my used Galaxy S6!
my brand new s8 plus has already paid for itself with samsung promos alone. tons of referrals gift cards for amazon, u name it.
My guess is that Samsung Pay is giving them a run for their money
They might just do something like $10 off as what they did for VISA checkout. 5% doesn’t sound realistic to me.
No way 5% UR points without limitations. That reward will crush any competitors.
If this comes true I’ll only shop at places that take Apple Pay!
Agreed!!!
They’re probably just ironing out their advertising for the upcoming quarter.
Coin flip. IF I have a choice of the traditional plastic CC vs Chase pay both being the same 5x reward rate, I choose plastic. I have used Chase Pay recently because it paid over and above the current quarter’s plastic CC reward limits.
Hopefully they won’t shut people down for buy gift cards 😂
I concur. Purchased 2 gift cards through Samsung pay as Christmas gifts with US Bank Altitude Reserve VISA and they shut down my account. They said I breached Cardmember agreement and that the two $40=$50 Gift cards were “patterned or excessive.” This was out of nearly 50+ transactions totaling over $6000. Needless to say I closed every account with them. Hope Chase takes whatever customers they have left!