Chase Military Free Cash Rewards Cardholders To Be Converted To Chase Freedom Unlimited On August 15th

Chase has officially discontinued the Military Free Cash Rewards card (also known as Air Force Club Mastercard and I’m sure other names) and will be forcibly converting current cardholders to the Chase Freedom Unlimited on August 15th. Current cardholders should have received a mail out about this back in June, if not here’s me letting you know! The Military Free Cash Rewards had the following benefits:

  • 2% back on purchases at the Commissary, the Exchange & FSS/MWR activities
  • 1% cash back on all other purchases
  • No annual fee

Chase Freedom Unlimited has the following structure:

  • 1.5x on all purchases
  • No annual fee
  • These points can be transferred to travel partners if you have a premium Chase card (Chase Ink Plus/Preferred, Chase Sapphire Preferred or Chase Sapphire Reserve)

 

Once the card has been converted to the Chase Freedom Unlimited you can convert it to any other Chase branded personal card such as:

 

Thanks to reader Big Purple Wasp for sending this through and also for the image of the letter. If you’re in the military or know somebody is make sure you read through our post on SCRA and other related benefits. August 15th is also the same date that Chase Fairmont cardholders will be converted to Chase Sapphire Preferred.

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Lisa Marie
Lisa Marie (@guest_458189)
August 13, 2017 23:18

I already have a Chase Freedom with them, but I’m seeing the Unlimited is a different card. Right now I’m carrying about a 6k balance on my Military Chase (had to handle some things that I was unprepared for) and my credit has recently taken a big dive, down into the mid-upper 500s. BUT, I currently have the Freedom card, $1500 limit, 0 balance, this military one, 6000 limit, 5800 limit, and a United Chase card, 7900 limit, 0 balance. (I also have some card with a 500 limit that I got in basic training that I have never used, but they keep open, that’s only good at the officer’s club at Ft. Jackson). Overall, I’m using about 50% of my available credit across all lines, and have never missed a payment in the 15 years I’ve had credit.

So what does “As long as you continue to meet our credit criteria” mean exactly? Is it possible that they can not send me a new card and just close the account? This is one of my oldest accounts and I would hate to see what would happen if this were to get closed, especially while its almost maxed. Any idea? I’m afraid to call and ask because every time I try to do something with them, they want to do a credit review and I’m sure they’re gonna downgrade me.

Frank
Frank (@guest_444635)
July 22, 2017 13:39

That old card seemed like a non starter as limitless usaa is 2.5% cash back on just about everything.

Darvin Ray
Darvin Ray (@guest_448298)
July 28, 2017 02:19

Yup. But it was a good starter card for enlisted guys the just joined the military. It was a simple card that gave you 2% cash back on everything on-base, and 1% on everything else. And it was a great travel card as it had no FTF.
USAA’s Visa Limitless requires that you have an bank account with them as they want you to always have a direct deposit of at least $1000 a month.

Red
Red (@guest_444613)
July 22, 2017 13:09

List of premium Chase cards should read “Ink Plus/Preferred”, not “Ink Cash/Preferred”

Rob
Rob (@guest_444554)
July 22, 2017 10:40

The military cards do not have foreign transaction fees whereas the freedom unlimited does.

Darvin Ray
Darvin Ray (@guest_448289)
July 28, 2017 02:13

Rob is correct. The Military Free Cash Rewards card has no FTF regardless if you have SCRA or not. Chase only offers no FTF on its other cards that has annual fees. and only waives the FTF on its other cards if you fall under SCRA.
Example: You area already active duty, and you apply for chase freedom, you will have to pay FTF as you got the card while your already in the miltary. They will only waive it if you had the card BEFORE you joined active duty. BUT with the MIlitary Free Cash Rewards card, there is no FTF, period. You can honourably discharged or retired, and as long as you had the MIlitary Free Cash Rewards mastercard, you did not pay FTF.