MyCardBlog

Today I read a paper on busineesweek. The article is written by MADLEN READ (Associated Press). Title is “JPMorgan Chase ramps up rewards program”. According to this article, JPMrogan Chase issued more than 1.5 million Freedom Cards since it launched the product last year. Notice that JPMorgan Chase has issued more than 154 million credit cards totally, Freedom card is one of the most important card in chase credit card market. We can see freedom card on the national TV programs, magazines and newspapers. (no wonder why they didn’t let me close my account) So from the data we can smell something from Chase. Chase is trying to spread this card to the market. As the second credit card issuer in US, Chase is trying to attract more card holders. Thus they launch the dynamic rewards program for chase freedom card.

Before the cardholders can get 3 points for very dollar at gas stations, fast service restaurants and grocery stores. Now our card holder can get 3 points from 15 categories wherever they spent most each month. —The truth seems our card holders just sue this card and Chase will figure out how to maximize the rewards for us. Another important information we should note from this report is: in a recent conference call with analysts, JPMorgan Chase CEO Jamie Dimon said the company was cutting back on teaser rates and balance transfers and looking instead to profit from greater growth in existing accounts. I really expect that you can get a Freedom card with limited credit history. If you can’t get instant approval, maybe they need get the verification by a credit analyst. I believe you can get the card.

BTW: From my previous posts, we can get either $50 or $100 sign up bonus from Chase Freedom card.