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Just read the fine print on the 21K or 25K bonus offer when one opens a new Chase MP Visa card....says something that the bonus is for "first-time cardmembers with new accounts."
Was wondering if anyone has received their bonus with this new rule.:eek:
I was expecting some bonus miles to post.
Please share your experiences.
Thanks
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There are many posts about multiple accounts, both on this forum and on MilesBuzz!
Why do you think the rule is new?
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There are many posts about multiple accounts, both on this forum and on MilesBuzz!
Why do you think the rule is new?
I don't recall reading that in previous T&Cs when applying.
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From a PM I received today its unlikely that anyone will be getting multiple bonuses from now on.
If anyone is still going to try I suggest they document (and share via PM) their specifics of:
how many lifetime Chase apps you have submitted
how many apps you have submitted in the last 12 months to Chase
how many MP Chase apps you have submitted including the dates
when you receive (received) the new nasty letter (or email)
With this info we should be able to figure out the rate of new app submissions we can do. Anyone who helps is privy to any results.
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Can anyone post a copy of the nasty email or letter that Dudemon references in his above post? I'd be interested to read it. I've stopped applying to MP Visa's since the new change in terms.
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When did these change in terms occur?
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When did these change in terms occur?
I believe when the 21k and 25k offers came out that had the $250 prerequisite
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I had my latest UAL 25K card for a little over a month. I just paid my first statement that exceeded the $250 threshold to earn the 25K. However, today I receieved "the letter" indicating that I would not be entitled to the 25K bonus miles but they do "appreciate my business." I guess that's the end of that.
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I had my latest UAL 25K card for a little over a month. I just paid my first statement that exceeded the $250 threshold to earn the 25K. However, today I receieved "the letter" indicating that I would not be entitled to the 25K bonus miles but they do "appreciate my business." I guess that's the end of that.
Can you post the what the letter says?
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Reportedly, this is the letter:
You recently opened a new United Mileage Plus Visa account which offered bonus miles after completing your first purchase using your new card. The terms and conditions associated with your account specify that the bonus-mile offer is available only to new cardmembers. Our records indicate that you have taken advantage of this offer or a similar promotion in the past. Based on this information, your new account is not eligible to receive bonus miles associated with the first use of your card.
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duplicate post
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Reportedly, this is the letter:
You recently opened a new United Mileage Plus Visa account which offered bonus miles after completing your first purchase using your new card. The terms and conditions associated with your account specify that the bonus-mile offer is available only to new cardmembers. Our records indicate that you have taken advantage of this offer or a similar promotion in the past. Based on this information, your new account is not eligible to receive bonus miles associated with the first use of your card.
Yep - I got the same thing yesterday. Came as a surprise...I had indeed applied for a similar deal a few weeks before (the latest card I applied for was a business card). Got the card, but also got the letter (exactly as stated here). Guess that's one card I won't bother to activate.
Looks like the days of easy, generous, multiple sign-up bonuses may be ending?
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Yep - I got the same thing yesterday. Came as a surprise...I had indeed applied for a similar deal a few weeks before (the latest card I applied for was a business card). Got the card, but also got the letter (exactly as stated here). Guess that's one card I won't bother to activate.
Looks like the days of easy, generous, multiple sign-up bonuses may be ending?
Looks that way. I got the letter too. It's a sad day.
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Looks that way. I got the letter too. It's a sad day.
All good things must come to an end, I suppose. The only thing I have outstanding with them now is the bonus on my first MP business card. I guess (hope?) they've got to give me that one, even though I've previously obtained personal card bonuses.
Hopefully, Citi will let the good times roll a little longer.
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Just read the fine print on the 21K or 25K bonus offer when one opens a new Chase MP Visa card....says something that the bonus is for "first-time cardmembers with new accounts."
Was wondering if anyone has received their bonus with this new rule.:eek:
I was expecting some bonus miles to post.
Please share your experiences.
Thanks
where is the fine print located which states "first-time cardmembers with new accounts." I am trying to locate it on the online application and don't see this stated, but maybe I am looking in the wrong place.
I myself received the 25k and have several cards, but my Mom applied and she received the letter stating she is not eligible for the bounus becasue she has aleady received bonuses. Anyhow, I just wanted to see for myself where this is stated about first-time accounts only being eligible and I am not finding it. Can anyone direct me, thanks.
NEVER MIND, I found where this was stated.
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On a positive note, I guess this means that my FICO score may begin to rise, as a reult of a reduction in card applications and hard-pulls.
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hmm. why would they keep sending me applications if i already have one then??
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hmm. why would they keep sending me applications if i already have one then??Because it takes too much effort to compare a mailing list against a list of cardholders.
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hmm. why would they keep sending me applications if i already have one then??
Just a few days ago I received an invitation to get the business card. I don't recall the wording, but it stated that I have the personal card, and now I am pre-qualified for a business card and receive a 16,000 mile bonus. So here, they know I have a personal card and offering me bonus miles to get an additional card, the business card. I was not going to apply since if I were to have my credit pulled, that I should save it for a bonus of 20k or 25k. But if this is no longer possible, then perhaps the 16k is not a bad option. However, I don't think I get the 1st year free. So if after I get the bonus miles, and desire to cancel, I wonder if they will take the miles back? I've just read elsewhere on the United thread that this is being threatened.
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On a positive note, I guess this means that my FICO score may begin to rise, as a reult of a reduction in card applications and hard-pulls.
:D Right, this is what I was thinking. I have received many pm's now and lot's of us here at FT are getting the letter so it looks like the UA churn is over. I'll miss it, jeez, I may actually have to pay for flights!:td:
The reality is Chase was foolish not to do this from the start like Amex. It was obviously something they could control. I would expect this to quickly migrate to all of the Chase products too. Citi will no doubt follow shortly.
At least I can say I was a "pudding guy" with this, more then 1mm from this easily.
Time to find the "next" new thing, any ideas?
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How I have been doing this is to open the MP Visa account, hold the card for not quite a year, close the account and then re-apply 60 days later. Does this mean I can not do this anymore?
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At least I can say I was a "pudding guy" with this, more then 1mm from this easily.
1 million miles from UA Visa churn? That's a great run. I am going to finish just over 100k (if I get 25k for my first ever Business card).
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On a positive note, I guess this means that my FICO score may begin to rise, as a reult of a reduction in card applications and hard-pulls.
Be grateful for little things. :)
I suspect there will still be plenty of cards to get, though. Just perhaps not multiple versions of the SAME card.
This was, of course, getting completely out-of-hand. As I mentioned in an earlier post, it was getting to be hard work keeping track of the cards. A little cooling wouldn't be a bad thing. Greed and frequent flyer programs don't mix.
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Yeah, I got the same letter. It's really sad. :td:
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How I have been doing this is to open the MP Visa account, hold the card for not quite a year, close the account and then re-apply 60 days later. Does this mean I can not do this anymore?
Here's the answer: No more bonus miles for additional Chase Visa (http://www.flyertalk.com/forum/showthread.php?t=637575) ;)
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random thought:
Anybody have working links to old applications with old T&C's?
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random thought:
Anybody have working links to old applications with old T&C's?
Maybe this one, let me know what you think.
http://www.firstusa.com/cgi-bin/webcgi/webserve.cgi?partner_dir_name=united_signature_175 k_1styrfree&page=cont&mkid=6X9D&MSC=Z0049062
https://app.firstusa.com/ICBatch/?PID=MPB1&SPID=66ZX&CELL=6W8X&AFFID=&CLICK=&CID=&PROMO=DF01&MSC=Z0049053#
https://app.firstusa.com/ICBatch/?PID=UAB1&SPID=3H4G&CELL=6W8W&AFFID=&CLICK=&CID=&PROMO=DF01&MSC=Z0049052
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Oh Geez. I *just* applied for my parents at the end of Nov, and they only received the bonus once before (last Nov). Does this mean they are going to get "the letter" after they slowly spend the required $250? They have not had a statement closing yet. They are going to kill me for opening another UAL card for them.
where is the fine print located which states "first-time cardmembers with new accounts." I am trying to locate it on the online application and don't see this stated, but maybe I am looking in the wrong place.
I myself received the 25k and have several cards, but my Mom applied and she received the letter stating she is not eligible for the bounus becasue she has aleady received bonuses. Anyhow, I just wanted to see for myself where this is stated about first-time accounts only being eligible and I am not finding it. Can anyone direct me, thanks.
NEVER MIND, I found where this was stated.
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My husband and I applied for separate cards on Oct 23. We both had one UAL card previously. These were closed in the fall of 2005. We didn't know about the new rule of having to spend $250 before the bonus points until after our first billing cycle.
My husband's second billing cycle closed a few days before mine, and he still hasn't received his 25K. I have received mine, however. So far, he hasn't received the dreaded letter either. I'm wondering if the new rule is being applied arbitrarily since our histories are pretty much identical.
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When did you receive the bonus miles? The "dreaded letter" problem seems to have started around Dec 15.
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Usually the sign on bonus miles posted the same day as the statement closing date. I have several chase UA cards and applied the latest one in October. The sign on bonus miles was posted in early November statement closing day.
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My husband and I applied for separate cards on Oct 23. We both had one UAL card previously. These were closed in the fall of 2005. We didn't know about the new rule of having to spend $250 before the bonus points until after our first billing cycle.
My husband's second billing cycle closed a few days before mine, and he still hasn't received his 25K. I have received mine, however. So far, he hasn't received the dreaded letter either. I'm wondering if the new rule is being applied arbitrarily since our histories are pretty much identical. Check the stmt. IF on the stmt, check to make sure the correct M+ is on the card.
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My husband and I applied for separate cards on Oct 23. We both had one UAL card previously. These were closed in the fall of 2005. We didn't know about the new rule of having to spend $250 before the bonus points until after our first billing cycle.
Wonder if it is because you closed out the prior cards over a year ago? Chase may figure that once a person has closed all of their accounts for some time that it is worth the miles to get them back as a customer.
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When did you receive the bonus miles? The "dreaded letter" problem seems to have started around Dec 15.
They posted around the time my second statement closed. I just received my bill a few days ago. I didn't qualify during the first billing cycle, as I didn't spend $250 on the card.
My husband's statement only lists the miles he earned by charging, so I don't think they opened a new frequent flyer account. I'll probably ask him to call and double check at some point, though.
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What date did your second statement close? How close to Dec 15?
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What date did your second statement close? How close to Dec 15?
Mine closed 12/22. My husband's closed 12/20.
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When did you receive the bonus miles? The "dreaded letter" problem seems to have started around Dec 15.
Not really. No bonus despite meeting the spending requirement on the first statement dd 11/18. Then received the first letter dd 12/10, followed by yet another letter dd 12/20 on the same card for the same denial of bonus.
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Maybe this one, let me know what you think.
http://www.firstusa.com/cgi-bin/webcgi/webserve.cgi?partner_dir_name=united_signature_175 k_1styrfree&page=cont&mkid=6X9D&MSC=Z0049062
https://app.firstusa.com/ICBatch/?PID=MPB1&SPID=66ZX&CELL=6W8X&AFFID=&CLICK=&CID=&PROMO=DF01&MSC=Z0049053#
https://app.firstusa.com/ICBatch/?PID=UAB1&SPID=3H4G&CELL=6W8W&AFFID=&CLICK=&CID=&PROMO=DF01&MSC=Z0049052
Is anyone going to try and use these old T&C links and report back?
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Not really. No bonus despite meeting the spending requirement on the first statement dd 11/18. Then received the first letter dd 12/10, followed by yet another letter dd 12/20 on the same card for the same denial of bonus.
I also received duplicate letters. One contained a November date and the otehr contained a December date.
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It's confirmed. My mom, who only had 1 prior UAL Visa in her life (opened Nov 2005 for 21K bonus miles, closed May 2006), did *NOT* get the bonus miles again for a card I opened for her in Nov 2006. I have heard of people who opened their accounts as late as October 2006 who got the bonus a 2nd time. So my guess is that starting sometime in Nov 2006 (maybe Nov 1, 2006), Chase UAL Visa is denying any "new" UAL Visa accounts bonus miles if you've ever earned them before (as long as it's in their computer system, which is probably 1-3 years, depending). So my mom is officially going to kill me for opening a Chase UAL Visa for her again.
Oh Geez. I *just* applied for my parents at the end of Nov, and they only received the bonus once before (last Nov). Does this mean they are going to get "the letter" after they slowly spend the required $250? They have not had a statement closing yet. They are going to kill me for opening another UAL card for them.
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Is anyone going to try and use these old T&C links and report back?
I don't think I should try.. I already tested one idea/experience for myself/flyertalk and right after I get two cards in the mail on the same day(applied for 21k & 25k on same day) and this latest development comes out and I get no bonus miles for either of them. I'm bad luck.
The latter two of those don't state what the sign-up bonus is for those. The first is an offer that has previously been used for churning but does specifically state "This offer is valid for first time United Mileage Plus cardmembers only." So I think it's pretty unlikely to work. But if someone is up for trying, more power to them.
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I also received duplicate letters. One contained a November date and the otehr contained a December date.
Me three. Guess they felt like rubbing it in with the duplicate letters. It hurts. I successfully churned ZERO cards but have 3.(1 bonus, and I picked the 17.5/$60 signup option then, urgh!) And I only got the letter once for the other card I got at the same time. Maybe they thought it would be funny to send multiple letters to those who've asked for multiple cards over the last few years. Chase gets the last laugh with that, haha.
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Don't forget the Business Card. It should be processed through a different dept. and allow you the 20>25K miles. I'm still waiting for mine. I applied for my first (in 2 years) business card on Oct. 19th and still no miles. :( Called a CSR four days ago and asked about my miles. She said she would request my miles from UA. Keep your fingers crossed.
Phil
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Called a CSR four days ago and asked about my miles. She said she would request my miles from UA. Keep your fingers crossed. Phil
If the agent you spoke to said she would request your miles, then you should get them, or should have received them. However, from my experience, this takes less than 24 hrs to receive. Therefore, if you've waited 4 days and don't have them yet, I'd call again. If you don't have them by now, after 4 days, I wouldn't wait any longer, call again. Inforrm them you were told you would get them, but that it's not happend yet. Ask them to check for documentation written by the person who told you they would contact United. Although there may not be any, it doesn't hurt to reinforce you were told you'd get them. Good luck.
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I just received my second statement and no bonus points. As such, I phoned customer service and was told that I was not entitled to the offer again. I asked if a business card application would allow me to receive the enrollment bonus and the rep. indicated that I could not not receieve the bonus on a business appl. becuase my name would be matched. She did; however, say that I could receive an enrollment bonus for the gold class account. I politely cancelled the card with little hassle.
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Oh, boy. If business card route is not going work, it seems like this sign-up-bonus-bonanaza is officially over. :mad:
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something tells me they are letting you apply for it and do the rules of spending a certain amount and THEN they send you the letter saying, oh thanks but no miles for you!
that's sorta shifty on their part, eh?
but I bet THEY think WE scam them!
not everyone does! they really need to, as one other poster suggested in a related thread, become more able to deal with case-by-case, individual situations! Instead, they create this blanket ruling and just sorta kill off the excitement here! As I said in another related thread, it makes ME not even want to do business with them. I was gonna have family members apply for their FIRST card with Chase and now I will recommend we take our business elsewhere. Their loss maybe.
there's somethin to fire back at 'em!
;)MM
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ttt103, what kind of card do you currently have that would allow you to get a bonus with the "gold class" card that the CSR referenced? Are you saying that you were told you could have got a second bonus on a Chase card (gold) even though you already had one? That would seem contrary to all the other evidence in this thread.
I just received my second statement and no bonus points. As such, I phoned customer service and was told that I was not entitled to the offer again. I asked if a business card application would allow me to receive the enrollment bonus and the rep. indicated that I could not not receieve the bonus on a business appl. becuase my name would be matched. She did; however, say that I could receive an enrollment bonus for the gold class account. I politely cancelled the card with little hassle.
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I have the UAL Visa Signature card (no fee first year and 20K enrollment bonus). The CSR inidcated that the only way to earn additional enrollment miles is to upgrade to a Gold Class card. I believe she indicated that the additional bonus would be 15K miles, with a $60 annual fee.
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deleted
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I'm afraid the first few lines of the T&C state that the bonus is available only to first time United Plus Visa cardmembers. :td:
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No luck here.
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Has Anyone tried (applied for card) to get bonus miles on first time application for UAL Business card, but got a letter saying that you won't get any because of new terms & conditions.
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I asked if a business card application would allow me to receive the enrollment bonus and the rep. indicated that I could not not receieve the bonus on a business appl. becuase my name would be matched. She did; however, say that I could receive an enrollment bonus for the gold class account. I politely cancelled the card with little hassle.
Is there a link or any documentation on Chase or United web site that indicates that you can get 15K miles for upgrading to old Class.
If you are short on miles for some trip, $60 for 15K miles might be worth spending.
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If you are short on miles for some trip, $60 for 15K miles might be worth spending.
According to the United site, the fee is $85 with 20K miles. However, the Gold Class card also contains the statement: "The 20,000 bonus Choices or miles, One-way, 1,000 mile, One-class Upgrade Certificate, and United Discount Travel Certificate are only available to first time United Mileage Plus cardmembers."
I suspect you would not get the miles.
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Chase is giving out 25k choices instead 25k miles. These choices can be redeemed for $250 credit. If someone churn every 90 days, Chase would be losing $1k. It's not difficult to see why chase ended this.
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Chase is giving out 25k choices instead 25k miles. These choices can be redeemed for $250 credit. If someone churn every 90 days, Chase would be losing $1k. It's not difficult to see why chase ended this.
Choice or Mile makes no difference in terms of cost to Chase.
25K = $250 per the metric used here by many many FTers. When actually using it, 25K miles certainly worth more than $250 as one hardly can get a domestic ticket cheaper than $250 if it is not a promo fare.
100K miles easily worth more than $1K cash when redeemed as premium cabin travel.
United would much rather you redeem Choice than Miles.
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Oh, boy. If business card route is not going work, it seems like this sign-up-bonus-bonanaza is officially over. :mad:
The business card does work! I got 25K bonus. I applied after Chase was sending out all the letters stating no additional bonuses. You just have to be smart about it.
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You just have to be smart about it.
Can you elaborate? Thanks.
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Can you elaborate? Thanks.
You really wouldn't want me to do that on this forum, would you? All I can say is that you do need a legitimate business with FEIN number, it seems that sole-proprietors with a business name the same as their own are being denied.
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You really wouldn't want me to do that on this forum, would you? All I can say is that you do need a legitimate business with FEIN number, it seems that sole-proprietors with a business name the same as their own are being denied.
Denied cards or denied bonus?
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Denied cards or denied bonus?
Bonus.
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Some have stated that you need to wait a certain number of days before applying for additional Chase cards.
Not in my experience.
In the last month, I’ve applied for and gotten three cards. I got the $150 credit with a Sony card, the 25K United card, and one other that had 0% interest for 18 months.
From the info in this thread and others, it is in doubt whether I’ll get the 25K miles.
That would be too bad, but I’ll then cancel it and move on.
I applied for the card, and got it in the mail within a week, with an absurdly high credit limit. If I get the miles, I’ll let the forum know.
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Choice or Mile makes no difference in terms of cost to Chase.
25K = $250 per the metric used here by many many FTers. When actually using it, 25K miles certainly worth more than $250 as one hardly can get a domestic ticket cheaper than $250 if it is not a promo fare.
100K miles easily worth more than $1K cash when redeemed as premium cabin travel.
United would much rather you redeem Choice than Miles.
Choice or Mile does make a difference to Chase. The 25k miles =$250 is just a metric FTer use not Chase. Chase get miles in bulk from UA for less than 1 cent per mile as far as I can speculate. How you or any other FTers value miles is less of a concern for Chase.
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Don't forget the Business Card. It should be processed through a different dept. and allow you the 20>25K miles. I'm still waiting for mine. I applied for my first (in 2 years) business card on Oct. 19th and still no miles. :( Called a CSR four days ago and asked about my miles. She said she would request my miles from UA. Keep your fingers crossed.
Phil
Followup--I did receive the 25K miles for this Business card on 12/29 but they were put into a brand new acct. Just found out today when I called Chase. They will instruct UA to merge the two accts. BTW, it is a legit. business but I did not have to enter my EIN on the app.
Phil
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Choice or Mile does make a difference to Chase. The 25k miles =$250 is just a metric FTer use not Chase. Chase get miles in bulk from UA for less than 1 cent per mile as far as I can speculate. How you or any other FTers value miles is less of a concern for Chase.
As long as UA gives Choice the same value as Mile, i.e. one Choice = one mile, that to me means it is just another name for the mile - so now you have "Choice" on How would you like to use your mile.
It would be the same cost to Chase whether it is Choice or Mile - it is just the name game.
I doubt UA can sell Choice to Chase at a higher cost than Mile. On the other hand, UA would be all too happy that you and others would choose to use Choice for cash, than use miles the old fashion way.
Unless, UA said, 1 Choice = to 1+ mile, then, yes, Choice would cost Chase more. Until that happens, Choice or Mile, same thing in different name.
Frankly I am quite surprised why the Choice makes so many so confused. May be this is part of the purposes Chase/UA to introce such program.
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To follow-up on my previous posts, since I know you were all on pins and needles;) , my husband received his 25K miles after his THIRD statement. He never called to ask about them. I guess we squeaked in under the wire.
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As long as UA gives Choice the same value as Mile, i.e. one Choice = one mile, that to me means it is just another name for the mile - so now you have "Choice" on How would you like to use your mile.
It would be the same cost to Chase whether it is Choice or Mile - it is just the name game.
I doubt UA can sell Choice to Chase at a higher cost than Mile. On the other hand, UA would be all too happy that you and others would choose to use Choice for cash, than use miles the old fashion way.
Unless, UA said, 1 Choice = to 1+ mile, then, yes, Choice would cost Chase more. Until that happens, Choice or Mile, same thing in different name.
Frankly I am quite surprised why the Choice makes so many so confused. May be this is part of the purposes Chase/UA to introce such program.
Just give you a simple example, let's say it costs chase at 0.6 cent/miles or choices(just a speculated number but we know it's less than 1 cent/mile or choice). When you redeem them as miles before choices are introduced, it costs chase 0.6 cent per mile. Now when you redeem them as choices to get chase statement credit, it cost chase 1 cent/choice.
The point here is that it cost more for chase to give out 25k choices per card than 25k miles per card. Whatever UA says whether 1 choice=1 miles is irrelvant. UA might be happy that someone redeem 25k choices for $250 statement credit. Chase certainly isn't and that's the reason it's ending it.
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I believe you confuse who pays for the redemption - it is UA, not Chase - unless the two have an agreement to share the costs.
Some type of accounting 101 may help you understand.
Chase bought the mile or "choice" from UA. The pts/miles are booked at the asset side initially. It is just as simple as when you bought a TV, you spent your cash, in exchange for an asset.
Chase gave such as bonus, expenses incurred and booked, as expense item on the Income Statement side of accounting, the offsetting, same value is deducted from the asset account. Same way as if Chase spend cash to meet operating expenses. The transactions are finished, done with, from Chase accounting.
When the choice/miles deposit into your account, UA uses whatever value it attach to the choice and then book it as deferred liability - a balance sheet type of account. UA owes you something, however value it uses to book per pt/mile, we do not know.
When you redeem your choice as cash, it is UA who gives you the $250 not Chase. Think of it like a banking transaction, Chase deposit Choice/Mile on your behalf. You withdraw it from UA, as the same way you withdraw your cash from the bank. You have different ways to withdraw it, getting cash equivalent is one of it, and the least costly way to UA (the bank).
When you redeem it as cash to buy ticket or to pay for your Chase credit card, the cost is paid by UA, and UA send the equivalent of $ to Chase to be credited to your statement. The transaction occurrs at UA side, the deferred liability is now erased. It has NOTHING to do with Chase when you redeem. It just so happened that paying your statement is one of the option to redeem your choice pts so UA can entice more people to redeem in cash instead of award seats. It is much easier and cheaper to record the deferred liability in the straight forward 1c per Choice format.
Unless Chase and UA has an agreement to somehow share the cost of redemption in some way, the redemption accounting has NOTHING to do with Chase.
What ends this, is the wide-spread, open discussions, about how to game the system and brag about it, in this and other popular websites. It gets out of hand, thus Chase finally decide to enforce rules.
Just give you a simple example, let's say it costs chase at 0.6 cent/miles or choices(just a speculated number but we know it's less than 1 cent/mile or choice). When you redeem them as miles before choices are introduced, it costs chase 0.6 cent per mile. Now when you redeem them as choices to get chase statement credit, it cost chase 1 cent/choice.
The point here is that it cost more for chase to give out 25k choices per card than 25k miles per card. Whatever UA says whether 1 choice=1 miles is irrelvant. UA might be happy that someone redeem 25k choices for $250 statement credit. Chase certainly isn't and that's the reason it's ending it.
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I don't think UA is very happy paying $250 to many people who perhaps never flew UA before.
The "choice" enchancement just attracted too many non FTers into this churning game. Non FTers are not interested in mile valuation when they can get paid $250 cash for getting a new Chase card every 90(?) days. It's not that difficult to see why it didn't last long once "choice" is introduced. Are there any other credit cards giving out multiple $250 as sign on bonus. Let's churn some cards for cash and buy WN DING fare.
I believe you confuse who pays for the redemption - it is UA, not Chase - unless the two have an agreement to share the costs.
Some type of accounting 101 may help you understand.
Chase bought the mile or "choice" from UA. The pts/miles are booked at the asset side initially. It is just as simple as when you bought a TV, you spent your cash, in exchange for an asset.
Chase gave such as bonus, expenses incurred and booked, as expense item on the Income Statement side of accounting, the offsetting, same value is deducted from the asset account. Same way as if Chase spend cash to meet operating expenses. The transactions are finished, done with, from Chase accounting.
When the choice/miles deposit into your account, UA uses whatever value it attach to the choice and then book it as deferred liability - a balance sheet type of account. UA owes you something, however value it uses to book per pt/mile, we do not know.
When you redeem your choice as cash, it is UA who gives you the $250 not Chase. Think of it like a banking transaction, Chase deposit Choice/Mile on your behalf. You withdraw it from UA, as the same way you withdraw your cash from the bank. You have different ways to withdraw it, getting cash equivalent is one of it, and the least costly way to UA (the bank).
When you redeem it as cash to buy ticket or to pay for your Chase credit card, the cost is paid by UA, and UA send the equivalent of $ to Chase to be credited to your statement. The transaction occurrs at UA side, the deferred liability is now erased. It has NOTHING to do with Chase when you redeem. It just so happened that paying your statement is one of the option to redeem your choice pts so UA can entice more people to redeem in cash instead of award seats. It is much easier and cheaper to record the deferred liability in the straight forward 1c per Choice format.
Unless Chase and UA has an agreement to somehow share the cost of redemption in some way, the redemption accounting has NOTHING to do with Chase.
What ends this, is the wide-spread, open discussions, about how to game the system and brag about it, in this and other popular websites. It gets out of hand, thus Chase finally decide to enforce rules.