5 Things to Know About Getting a Chase Ink Retention Offer

If you’re a frequent user of your Chase Ink credit card, and you’re a customer in good standing, you may be able to get a retention offer from Chase. Retention offers are less valuable than they used to be, but they can still be a good way to get bonus points with your credit card – especially if you’re seriously considering switching cards, anyway. Before you call Chase, though, understand these 5 things about your typical Chase Ink retention offer:

Business Credit Cards Chase.com

1. It’s probably dependent on spending

It used to be that banks would periodically offer customers retention offers. Or they might just give you bonus points for threatening to cancel your card. Once you got the points, you could cancel the account, anyway.

But it didn’t take long for banks to catch on to this strategy. So most retention offers today are spending-dependent – just like many bonus offers.

Some sources, including RunningwithMiles and Fishing4Deals have noted that Chase typically offers around 10,000 bonus points for something like $5,000 of spending over 90 days.

Bottom line: if you aren’t willing to spend, you probably won’t qualify for a bonus offer.

2. You should call after you get hit with the annual fee

You might try to call Chase before you’re charged that year’s annual fee. After all, the goal is to avoid the fee. You can always threaten to drop the card if they don’t give you a decent retention offer.

But you’ll probably get better results if you call after the annual fee has hit your account. Chase may agree to refund part of the fee, or may give you rewards that will wind up canceling out the fee all together. But you’ll have more luck if you call just after the fee hits, instead of before.

3. What you see is probably what you get

Bloggers familiar with this territory note that with Chase, the customer service reps are given an offer that they can offer you, and that’s that. You may be able to escalate the call to a supervisor, but chances are that the first deal you’re offered is the best deal you’ll get. It never hurts to ask, but it’s good to know this going in.

4. Your offers may vary

The offers you get on your Chase Ink card will vary, depending on how much you’ve spent, your current balance, and more. If you spend a lot of money on this card, you could get a really great offer. Spend a moderate amount, and you probably won’t get as many bonus points or as big a statement credit.

5. It’s not necessary to threaten to cancel the card

It may seem like a good idea to threaten to cancel your Chase Ink card if you don’t get a good retention offer. But this probably won’t do you any good. Instead, just be honest with the representative.

If you really are considering canceling the card because of its relatively high fees, then say so. But if you just want to see if you can get a good deal, say that, too. The offer that’s attached to your account should pop up the same either way, and could save you some money whether you’re ready to cancel your account or not.

Before you call, do some consideration on your part. Is the Chase Ink card right for you at the moment? Are the everyday rewards attached to your card enough? If so, just ask for a retention offer. If not, consider shopping around for another business card that might have a great introductory deal for you.

Chase Freedom 5% Categories for 2019

With each new quarter we get to look forward to new rotating categories for the Chase Freedom card. Each quarter the Chase Freedom 5% categories change, so it’s important you stay up-to-date on what the changes are. Before we get to the categories, let’s first review how the 5% cash back works.

Chase Freedom 5% Cash Back

Here’s a quick overview:

  • You earn 5% in categories that change each quarter.
  • Earn 1% on everything else outside of the rotating categories.

You’ll earn 5% cash back on up to $1,500 spent each quarter. This is equivalent to $75 of free money. Each quarter the categories in which you can earn the 5% change, but regardless of category, you always get 5% back. Keep in mind, you always earn a full 1% cash back on all your other purchases that fall outside of the categories. After you spend $1,500 in the rotating categories you then start earning 1%.

Chase Freedom 5% Categories for 2019

Here are the 5% rotating categories for January to March, 2019:

  • gas stations
  • drugstores
  • tolls

In order to be eligible you must activate these categories by March 14, 2019. This will allow you to get the 5% back for your gas and restaurant purchases. If you don’t register then you don’t get to participate. You can register by accessing your online account. This is basically free money, so be sure to register.

If you want to get into the cash back action then take a look at Chase Freedom card.

How About $500 Worth of Gift Cards?

UPDATE – This offer is no longer available.
Citi Cards recently launching a new credit card offer that gives new cardmembers up to $500 in gift cards. The Citi ThankYou Preferred Rewards Card – Up to $500 in Gift Cards offer gives 25,000 bonus ThankYou Points after you make $5,000 in purchases within the first 6 months. Earn an additional 25,000 bonus points after you spend $5,000 in purchases within the next 6 months. That’s a total of 50,000 bonus points in the first 12 months and you can cash that in for $500 in gift cards! Here are more of the details for this offer:

Applying for this offer is quick and easy. We’ve provided a link below that will take you to the Citi ThankYou Preferred Rewards Card – Up to $500 in Gift Cards application. The application takes just a few minutes to complete, and they will even notify you about the outcome of your application.

To get started, visit the Citi ThankYou Preferred Rewards Card – Up to $500 in Gift Cards official website.

Reedming Your Points

When it comes to redeeming your ThankYou Points you can do so for just about anything. You can choose from a large selection of gift cards including dining, entertainment and retail – to a huge selection of valuable rewards such as electronics, travel rewards, home goods, books and media, charitable donations or even cash. Redeeming is easy and you can either visit thankyou.com where you can do everything online, or you can redeem points by calling 1-800-THANKYOU (1-800-842-6596).

Rewards start at just 100 points, so you can start reaping the benefits in no time. When you shop through the ThankYou Bonus Center, a network of 600+ retailers, you get to earn extra points.

ThankYou Rewards App

There an app just about for anything these days, including your ThankYou Rewards. The app can help you quickly redeem your points for Best Buy products. If you are a Best Buy fan then you are going to love the way this app works. You can use the app to browse Best Buy products and then use your points to make the purchase. From there all you have to do is pick up your purchase from the store and you are all set. In addition, if you are in a Best Buy store you can scan the item of choice, pay with you points and pick your purchase up at the customer service counter.

This is an easy way to redeem your ThankYou points and you can save a few bucks on the shipping cost. This app is currently available for the iPhone and Android phones. Just search for “ThankYou Citi Rewards” of go to the Citi website and download the app from there.