More Money Thursday roundup: The frugal rich & tax breaks for car buyers

Personal finance from around the web: Chase unveiled changes to the rewards program on its Freedom card this week. Now customers will be able to earn 5%, instead of just 3%, cash back on certain spending categories. [Chase, eCreditDaily] Meanwhile, Chase is also sending out new cardmember agreements stating that "your account may be in default if [...]

Personal finance from around the web:

• Chase unveiled changes to the rewards program on its Freedom card this week. Now customers will be able to earn 5%, instead of just 3%, cash back on certain spending categories. [Chase, eCreditDaily]

• Meanwhile, Chase is also sending out new cardmember agreements stating that "your account may be in default if any of the following applies:  . . . we obtain information that causes us to believe that you may be unwilling or unable to pay your debts to us or to others on time." That may not be the dreaded "universal default," but it's still pretty grim for the cardholder.[Credit Slips]

• Is being frugal the new trend among the nation's wealthiest? A Schwab study says yes, but one blogger doesn't buy it. [Bankrate.com]

• This month, MONEY wrote about the best money websites, including ones that can help you with health care decisions. WalletPop highlights a few more useful health destinations on the web. [WalletPop]

• If you bought a new car in 2009, take advantage of these breaks to to trim your tax bill. [AP]

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