Earlier this year Chase removed applications for the Fairmont card and now the dreaded notice has come.
My wife and I both have the card, and have not yet received the letter.
- Conversion happens August 15, 2017
- All Fairmont cards converting to Chase Sapphire Preferred
- Points earned until last statement date prior to August 15, will be in the card’s Fairmont rewards program
- Fairmont points can be redeemed until August 15, 2017; primary rewards are free night certificates
- Points will be converted to Ultimate Rewards on August 15, 2017, at an unspecified ratio, presumably 1:1
- If you have spent $12,000 in your cardmember year, you will get the 1 night certificate on your anniversary or 8-10 weeks from August 15, 2017, whichever is sooner
- Those who do not have a full-year to spend the $12,000 on their cardmember year will get a courtesy anniversary good to February 28, 2017 if they spend $6,000 by August 15, 2017, exact anniversary date eligible not specified (and you cannot get more than 1 free night certificate in this year)
I doubt any Fairmont card holders will be happy about this. Other than honoring the free night for spend for this year, all the great benefits of the card are going away.
Nothing is being offered in the move to what is now a rather pedestrian card. I need a card with ability to transfer Ultimate Rewards to airlines and hotels, otherwise I have no use for a Chase Sapphire Preferred.
I will try for retention offers from Chase and then see how fast I can upgrade to a Chase Sapphire Reserve or downgrade to a Freedom.
Readers, will you use your Fairmont points for free night certificates or let them convert to Ultimate Rewards?