To add insult to injury, the monstrous JP Morgan Chase bank which contributed in causing our economy to virtually implode, are now eliminating all rewards on the card they themselves refer to as ... get this "Chase Ultimate Rewards". Their Senior Vice President, Billy Sheley blames the move on the Federal Government -- specifically... the Durbin Amendment.
Further, Chase isn't offsetting this loss to their customers in any manner. You still have to live with all the other terms and conditions of this debit card. So, Bill's value add is to eliminate all the rewards from his Ultimate Rewards card and not provide any offset. Now, there is a real marketing and customer service genius.
What's Really Behind This