Hello,
I am looking for some second opinions on the best way to tackle this. I have been playing the churning game for a few years and got a TON of rewards and it has been great. Now, however, managing all these cards is becoming more of a chore than the hobby that it once was. Where I would like to start this consolidation is with Chase, but only if I can keep all/most of my existing credit.
Cards in Question:
Chase Freedom - $23,100
Chase Sapphire Reserve - $25,900
The way I see it I have two options:
Option 1: When my Reserve annual fee is getting ready to hit in a few more months, I call Chase and ask to move my existing CSR credit over to my Freedom account and then cancel my CSR.
- This will undoubtedly require a hard inquiry (Which I am OK with if it works...)
- I am concerned that there is some hard limit Chase puts on their Freedom accounts and I will not be able to keep all or most of that $25,900 and waste a Hard Inquiry.
Option 2: I call and simply PC my Reserve to the Chase Freedom Unlimited to keep the credit limit (and the short AoA), but that still leaves me with an account I need to manage and feel that I need to spend on every few months. (I already charge my Netflix, Amazon, etc. to other accounts and have auto-payed as is a popular strategy)
So not to drag out my questions any longer:
-Has anyone had any luck with a higher than $24k limit on a Chasee Freedom account? I have read on other areas of the internet that people have found that to be more or less their "hard cap".
-Is there an option 3 that I have neglected to consider?
If needed, my Free TransUnion FICO Scores that they give you with some of these cards are sitting around 760-790. (Although when I just bought a house last month my 3 scores were Equifax 718, Experian 720, TransUnion 725 - not sure if mortgage companies do something differently?)
I also have about $33,000 worth of Credit Limits spread across 4 other cards/banks.
Thank you ahead of time for any feedback anyone might have to offer.
