Reply
New Contributor
primechicken
Posts: 128
Registered: ‎03-28-2013
0

Banks get upset when you PC out of AF?

How badly is the relationship compromised between you and the issuer when, after the 11th month, you PC to a card of a lower tier from the one you apped for (so you could get the introductory sign-up bonus without getting stuck with the AF)? In particular I'm curious about Chase, Citibank, US Bank, and Barclays. Will any of them backlash by closing an account or CLDing or something? Seems like it could be frowned upon... but then again, maybe it's inconsequential. Any idea?

Amex BCE 6k; Amex Hhonors 4k; Quicksilver 3.5k; Chase Freedom 3k; Desert Schools 3k; Bank Americard 1.5k; Discover IT 1k; Sallie Mae 650
Lowe's 9k; Sam's Club 8.5k; Walmart 4k; Chevron 2k
Mega Contributor
LS2982
Posts: 15,434
Registered: ‎04-09-2011
0

Re: Banks get upset when you PC out of AF?

It is definitely frowned upon, but I do not think it would be something they would do AA on unless you constantly repeating this practice.



Silver Spade Garden Club Member - Last App 12/16/13 - Looking for a clean slate NO INQ's / Diamond Inspired!
Starting Score:
EX (PLUS) 583 EQ FICO 565 TU FICO 590 3/15/2011 / Goal Scores: 720
Current Score: EX FICO (PSECU) 671 (myFICO) N/A / EQ FICO 679 / TU08 FICO 678 / TU VS 706 3/6/2014
Valued Member
GangnamFICO
Posts: 87
Registered: ‎11-28-2012
0

Re: Banks get upset when you PC out of AF?

It's a really bad idea.

 

They have no interest whatsover about building a relationship with you, they want your money now!

 

They see every trick in the book on a daily basis, you'll be thrown out with the trash.

Walmart TU Score 740
Chase Freedom($5000); CitiThankYou Preferred($5000); GEWM Discover($3500); Walmart Store($1300); AMEX Gold; AMEX BCE($6000); GE Discount Tire($1500); Mor Furniture ($4700);Cap1($750)
New Contributor
primechicken
Posts: 128
Registered: ‎03-28-2013
0

Re: Banks get upset when you PC out of AF?


GangnamFICO wrote:

It's a really bad idea.

 

They have no interest whatsover about building a relationship with you, they want your money now!

 

They see every trick in the book on a daily basis, you'll be thrown out with the trash.


Well, the idea...

 

About a year or so from now, if the cards are still available with the offers they have now, or something comparable, I would like to apply for...

 

Arrival World MasterCard (Barclays)

Chase Sapphire Preferred

US Bank FlexPerks Travel Rewards

 

...not necessarily all at the same time, but before the year mark I'd like to PC em to the non-AF versions (if you will) of the cards. This way I can maximize the sign-up bonuses without getting stuck paying em back over time.

 

Bad move????

Amex BCE 6k; Amex Hhonors 4k; Quicksilver 3.5k; Chase Freedom 3k; Desert Schools 3k; Bank Americard 1.5k; Discover IT 1k; Sallie Mae 650
Lowe's 9k; Sam's Club 8.5k; Walmart 4k; Chevron 2k
Valued Member
GangnamFICO
Posts: 87
Registered: ‎11-28-2012
0

Re: Banks get upset when you PC out of AF?

You want someone to tell you "go for it"?

 

Go for it.

Walmart TU Score 740
Chase Freedom($5000); CitiThankYou Preferred($5000); GEWM Discover($3500); Walmart Store($1300); AMEX Gold; AMEX BCE($6000); GE Discount Tire($1500); Mor Furniture ($4700);Cap1($750)
Super Contributor
enharu
Posts: 7,132
Registered: ‎02-27-2013
0

Re: Banks get upset when you PC out of AF?

if you do it once or twice with a lender, you probably will get away with it without anything happening to you. If this is your 1st or 2nd time doing it in the past decade, go ahead. you will be fine.

 

If this becomes a pattern though, then you'll get into trouble. 

In really extreme scenarios they'll even close all your accounts and blacklist you. However for this extreme scenario to happen, it will take quite a bit of abusing on your end to make it happen.

JPMorgan Palladium (100k), AmEx Platinum (NPSL), AmEx SPG (46k), AmEx BCP (42k), Chase Sapphire Preferred (47k), Citi Prestige (31k), Citi Thank You Preferred (27k), Citi Executive AAdvantage (25k), JPMorgan Ritz-Carlton (21k), Merrill+ (15k), US Bank Cash+ (22.5k), Wells Fargo (12k), Bloomingdale’s (12.4k), Chase Freedom (5k), Discover IT (5k).
Valued Contributor
SnackTrader
Posts: 1,566
Registered: ‎09-15-2012
0

Re: Banks get upset when you PC out of AF?

If it helps, I plan on doing the same thing with the Arrival World MasterCard. And with that card, the no AF version is basically useless when compared to many other cards out there, so who cares if they get mad and throw you out?

But I doubt it would happen. They offer both cards, you tried one and now you think you prefer the other. If they didn't want you to have a no AF card, they wouldn't offer it. Believe me, banks make money one way or another, the AF has very little bearing on that.

In My Wallet: Amex BCP (12/12) $22.200, Cap1 Quicksilver (6/12) $14,000, Chase CSP (4/14) $12,000, Barclaycard Rewards (5/13) $10,500, Citi Forward (12/12) $9,600, Chase Freedom (12/12) $5,000

Last App: April 2, 2014
Senior Contributor
drkaje
Posts: 3,491
Registered: ‎07-25-2008
0

Re: Banks get upset when you PC out of AF?

Worry about you, not them.

 

I only have one AF card and it's worth it. If things change, I'll downgrade or cancel their product.


Starting Score: 675
Current Score: EX 753 FICO, EQ 737FICO, TU 738
Goal Score: 776 FICO


Take the FICO Fitness Challenge
Valued Contributor
navigatethis12
Posts: 1,952
Registered: ‎01-24-2012
0

Re: Banks get upset when you PC out of AF?


drkaje wrote:

Worry about you, not them.

 

I only have one AF card and it's worth it. If things change, I'll downgrade or cancel their product.


I couldnt' agree more. I would find it ridiculous if any lender took adverse action against such a thing. Sign up bonuses and cancelling, yes, but not just downgrading from an annual fee card.

Valued Contributor
jamesdwi
Posts: 1,947
Registered: ‎09-16-2011
0

Re: Banks get upset when you PC out of AF?

[ Edited ]

 Banks aren't just the 10-12 faces you see in the branch, there are analsyts that do nothing but plan cards and features, that basicly want to sell you the card you like so you will pay the fee and keep you as a customer or gain your business They care about you keeping the cards and being happy but they have no power over your CL,  APR, future approvals or anything else about your card. Those are all handled by the underwriters that only see you as a credit report and numbers on a form untill you call them, they can care less about your AF, or the type of card you have it efffects there job very little it may contribute factors like what your initial CL is and what is the max CL can be, but the rest is just numbers on a page. Whether you have a CSP or plain Saphire doesn't change there job all that much.

 

 


Cards: Chase Southwest 20k & CSP 10k & Freedom 6.6k & Amtrak 4.6k, FNBO DISC 14.9k Oregon Duck 5k, & AMEX BCP 15k & Hilton Surpass 7.5k & Zync NPSL, Sams Club MC 10k, Paypal Extras MC 6k, CapOne QS 2.5k, QS 750, Amazon 3.9k, Walmart 4.5k, Citi Simplicity 7k, HHonors Gold 1k (moved 5k CL to Simplicity), Discover IT 6.5k and a nice stack of store cards.
Last APP 4/26//2014 no plans for new credit I think I have enough.

myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.

>> About myFICO
FICO Score - The Score that matters
Click to Verify - This site chose VeriSign SSL for secure e-commerce and confidential communications.
Fair Isaac Corporation is a BBB Accredited Financial Service in San Rafael, CA
FOLLOW US Social Media Facebook Twitter Pinterest Google+
}