Credit Cards Center Credit cards from our partners
Reply
Established Member
Posts: 16
Registered: ‎06-09-2010
0

Chase freedom to Chase Sapphire question

Hi all,

 

I have achase freedom CL$3000 and Chase sapphire $6000. Can I trabsfer the credit line from freedom to sapphire and close my freedom card.

 

Also, can you make car payments with credit cards? 

Frequent Contributor
Posts: 367
Registered: ‎06-02-2008
0

Re: Chase freedom to Chase Sapphire question

[ Edited ]

You absolutely can transfer your LOC from one card to another.  Just call them.  However the revolving points on the Freedom makes it handy to keep around.  That is, if you're a point chaser like me.

 

As far as car payments go, you can't make payments directly using a credit card.

 

HOWEVER, you can use a payment processor such as chargesmart which will charge you a small fee and THEY will pay your car payment for you and you collect the points.  I've been using sites like chargesmart and williampaid for my car payment and rent to maximize my point accumulation.  I take a small hit, but the returns outweigh the costs.


AmEx PRG (NPSL) | AmEx Costco ($8.2K) | AmEx Delta Gold ($19.3K) | AmEx BCE ($5K) | Chase United Explorer ($10K) | Chase Sapphire Preferred ($7.5K) | Chase Freedom ($8.2K) | Discover it ($3K) | Capital One Quicksilver ($2.5K) | PayPal Extras ($2.5K) | Lowes ($3.3K) | Walmart ($4.3K) | Amazon ($2.5K) | Restoration Hardware ($8.8K) | Crate & Barrel ($8.3K)
--
Homeowner since 05/29/13
Frequent Contributor
Posts: 299
Registered: ‎05-28-2012
0

Re: Chase freedom to Chase Sapphire question

How small a fee? Like a percentage?

Starting Score: 492 02/12
Current Score: TU: 668 (FICO), EQ: 668 (FICO). EX: 651(lender pull 9/27/12)
Goal Score: 660



Valued Contributor
Posts: 2,512
Registered: ‎11-11-2010
0

Re: Chase freedom to Chase Sapphire question

[ Edited ]

somnipotent wrote:

HOWEVER, you can use a payment processor such as chargesmart which will charge you a small fee and THEY will pay your car payment for you and you collect the points.  I've been using sites like chargesmart and williampaid for my car payment and rent to maximize my point accumulation.  I take a small hit, but the returns outweigh the costs.


Actually, many times cost outweighs the return.

 

Chargesmart typically charges large amount of fee that negates any credit card reward values. For auto payment Chargesmart charges $9.95+ fee, which means you need to spend $995+ to break even on your credit card.

 

Williampaid is almost a useless service. Williampaid only reports your payment information to PRBC, a credit bureau that is almost never used (even useless than Innovis, which is mostly used in mortgage application). Like Chargesmart, its fee typically outweighs credit card reward values.

In My Wallet:
Citi Forward (12/2010) | Citi Dividend (05/2011) | Chase Freedom (11/2011) | GECRB/PayPal (05/2012)
Discover it (07/2012) | AMEX BCP (09/2012) | TD/Target REDCard (10/2012) | Chase Ink Classic (11/2012)
BofA BBR (04/2013) | FNBO/Overstock.com (02/2014) | Barclaycard Arrival (04/2014) | FIA/Fidelity AMEX (04/2014)
Established Member
Posts: 16
Registered: ‎06-09-2010
0

Re: Chase freedom to Chase Sapphire question

thanks for you response. So I can transfer the netire line correct? I want o lcose freedom coz i forget to sign up for the quartely 5% back and don't us eit often, so I am thinking might as well combine and increase the credit line for sappahire and jst use that card.

 

Is it a bad idea?

Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
† Credit cards for FICO Score ranges: The score ranges are guidelines based on actual applicant approvals and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.