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Grandfathered Chase Canada Credit Cards Being Shut Down

The news that the discontinued, but grandfathered, Chase Marriott Rewards Premier Visa and Chase Amazon.ca Rewards Visa cards will be terminated has been circulating for a few days now. I have been waiting for my letter in the mail for confirmation, but still have yet to receive it. But some of my family members already received it, so I thought I’d share what the letter looks like sooner rather than later.

Chase Amazon.ca Rewards Visa

Avery, from DCTA, already reported about the closure of the Amazon.ca Rewards card. He mentioned that it may make more sense to close the credit card prior to them cancelling it for credit reporting purposes. This makes perfect sense, the only catch is to ensure that you receive the remaining balance of your cash back, if you did not reach the $20 milestone yet. However, you may not want to apply this approach with the Chase Marriott card, which I will explain below. For now, below are the highlights of the Amazon.ca closure:

  • Important change to the Amazon.ca Rewards Visa Card program
    • As of March 15, 2018, Chase will be closing all Amazon.ca Rewards Visa Card accounts. Please update your credit card information for your Amazon.ca account and for any pre-authorized payments before this date.
      You will continue to receive your monthly statements until any outstanding balance is paid.
      The terms and conditions set out in the Cardmember Agreement for your account will still apply, and the annual interest rate on unpaid balances will not change once the account is closed.
      These changes will not impact accounts that have already been closed.
      You may have received a letter to notify you of this change.
  • What will happen to my Amazon.ca Rewards Visa Card cash back?
    • As your account will be closed as of March 15, 2018, you will no longer earn cash back on your Amazon.ca Rewards Visa Card account after March 14, 2018. If you had unredeemed cash back points on your account prior to closure, we will apply a statement credit to your account for the cash back amount.

Chase Marriott Rewards Premier Visa

Below is the letter for the Chase Marriott Rewards Premier Visa Card:

They key points in the letter are:

  • As of January 1, 2018, no annual fees will be charged to your account, regardless of when you signed up for it
  • All cards will be closed on March 15, 2018
  • A free night will be awarded to your Marriott Rewards account after March 15, 2018 (which is why we may not want to cancel our cards ahead of time, to ensure that we receive the free night)

Conclusion

One of the popular features of both cards is that they waived foreign transaction fees. I recently wrote a post (Best Credit Cards for Foreign Purchases) about other options instead.

I am extremely sad to see both cards being terminated completed, not even grandfathered. But even worse, this marks the end of Chase in Canada. They tried, but did not survive, which means one less competitor in the industry, which is rarely good for consumers.

Moreover, I do hope that another credit card company picks up Marriott Rewards as a partner, as the full integration of SPG continues. As for the Amazon partnership, I doubt we will see another co-branded partnership. But maybe someone can offer a multiplier bonus for making purchases on Amazon?

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Pointshogger aims to provide analysis and updates on earning loyalty reward points and maximizing the value of your points. We hope to inspire our readers to experience the joy of travel and make the most out of what they've already got!

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