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Frequent Contributor
2011beginnings
Posts: 286
Registered: ‎02-01-2013

Chase craziness

Last week, I applied for a CSP. Today, I received the regular Sapphire. I was completely shocked.

I called in to see if perhaps I could just upgrade. Unfortunately, I couldn't so I just applied for the CSP.

Got the message staring thank you for applying but it didnt congratulate me. I called the application status line and heard I had two apps - both with $5,000 limits. I had to replay the message.

The customer service rep said I could transfer the $5,000 from the CS to the CSP once I get the CSP and have a total credit limit of $10,000.

I'm shocked. $10,000 and I only have a $2,500 BofA and a Gold AMEX.

Only 24 and I applied after researching this forum for the past month.

Should I have $10,000 on the CSP? Or should I put $5,000 on a Chase Freedom for example?
PenFed AMEX: $5500 | AMEX BCE: $6000 | BofA BBR: $5000 | Discover It: $3000 | CS: $5000 | CSP: $5000 | Citi Dividend Platinum Select: $4300 | BofA CR: $7500

TU: 722 / EX: 763 / EQ: 735
Regular Contributor
Tryon2improve
Posts: 201
Registered: ‎12-04-2011

Re: Chase craziness

Personally I would keep both open for a while.  Two cards at $5k each is better than 1 at 10K IMO at this time in your credit building stage.  If you had several other cards and TLs then I would say move it to CSP.  Just my opinion though.

 

CONGRATULATIONS as well on getting both.



Established Contributor
LesWH
Posts: 608
Registered: ‎10-11-2012

Re: Chase craziness

I'd get the Freedom because of the rotating categories and keep the CSP.  The UR points will add up quickly!


NFCU Signature Visa Cash Rewards, NavChek, Citi AA AMEX, Cap1 Cash Rewards, Discover IT, Home Depot, Sears, Walmart, Chase Freedom, AMEX Green, Lowe's, AMEX BCE, Chase Sapphire Preferred, AMEX Hilton Honors Surpass, PayPal Extras MC, PenFed Platinum Cash Rewards, AMEX Platinum

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Regular Contributor
McArthur
Posts: 249
Registered: ‎12-24-2012

Re: Chase craziness

I agree with Tryon2improve.  Two $5k limits look good on a thin file.  Garden them and after a year or less you'll have the other begging to give you a CLI.

Frequent Contributor
2011beginnings
Posts: 286
Registered: ‎02-01-2013

Re: Chase craziness

So I should keep both accounts even though one is a Chase Sapphire ($5,000) and one is a Chase Sapphire Preferred ($5,000)?
PenFed AMEX: $5500 | AMEX BCE: $6000 | BofA BBR: $5000 | Discover It: $3000 | CS: $5000 | CSP: $5000 | Citi Dividend Platinum Select: $4300 | BofA CR: $7500

TU: 722 / EX: 763 / EQ: 735
Valued Contributor
Epcot
Posts: 2,760
Registered: ‎10-10-2012

Re: Chase craziness

Congats on both approvals!

Starting Score: EQ 717 EX 724 TU 736
Current Score: EQ 780 EX 770 TU 774
App free since 4/11/13
Frequent Contributor
Jake0215
Posts: 260
Registered: ‎11-10-2011

Re: Chase craziness

[ Edited ]

2011beginnings wrote:
Last week, I applied for a CSP. Today, I received the regular Sapphire. I was completely shocked.

I called in to see if perhaps I could just upgrade. Unfortunately, I couldn't so I just applied for the CSP.

Got the message staring thank you for applying but it didnt congratulate me. I called the application status line and heard I had two apps - both with $5,000 limits. I had to replay the message.

The customer service rep said I could transfer the $5,000 from the CS to the CSP once I get the CSP and have a total credit limit of $10,000.

I'm shocked. $10,000 and I only have a $2,500 BofA and a Gold AMEX.

Only 24 and I applied after researching this forum for the past month.

Should I have $10,000 on the CSP? Or should I put $5,000 on a Chase Freedom for example?

I am pretty sure chase wants the account to be inactive for 90 days with a zero balance before they allow you to transfer the entire limit. However, a partial trasnfer is available.

 


Starting Score: 617 EQ 10-17-11
Current Score: EQ 767 TU 769 EX 749 (all FICO but who really knows?)
Goal Score: 800


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Established Contributor
shakalaka
Posts: 546
Registered: ‎09-10-2012

Re: Chase craziness

Congrats - keep both


Amex Platinum (NPSL) | Amex BCE (25,000) | Chase Sapphire Preferred (17,400) | Discover IT (11,200) | Chase Freedom (4,800) | Walmart (4,500) | CapOne (1,500) | Alliant CU Visa | Gone for good: CapOne secured (thx for getting me started) | Amex Zync (thx for getting me into AX)

FICO: TU 754 (1/18) EQ 731 (1/26) EX 748 (12/5)

Valued Contributor
boomhower
Posts: 1,862
Registered: ‎09-20-2011

Re: Chase craziness

I'd see if they'd change the Sapphire to a Freedom card.  The regular Sapphire is mediocre at best and pretty pointless with CSP.  Congrats on the cards though. 

Frequent Contributor
js0319
Posts: 304
Registered: ‎02-27-2012

Re: Chase craziness

Wow, these are good problems to be dealing with. Congrats - and I would go with CSP and move the CS to Freedom.

Starting Score: EQ FICO 544 (2/21/12)
Current Score: EQ FICO 629 (9/6/2013) EX 656 EQ 620 TU 678 (Lender Pull - 5/30/13) USAA FAKO's: EQ 630 EX 643 TU 599 (3/19/2013)
Goal Score: EQ 700

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