Credit Cards

[KLGFCG]

My Chase Sapphire's annual fee just hit, and in reviewing the past year, I'm just not using this card enough to make the fee worthwhile. So, much as I like the card, I've come to the conclusion that it needs to go. 

I would prefer not to lose the credit line from the Sapphire, however. I currently have 3 other cards through Chase: Freedom, Amazon, and AARP. Does Chase typically allow reallocation of a credit line to other cards? If so, should I ask for the reallocation first, then bring up closing the Sapphire after the money is moved, or is okay to do it all at once?

On the other hand, a balance transfer card would be of use right now, so would I be better served by trying to obtain the Slate? If so, should I try to PC (would a PC still get the no BT fee, 0% for 15 mos?), or should I close the Sapphire and try a new app for the Slate?

Any advice is appreciated, this will be the first card I've closed and I want to do it without losing too much. I'm bummed that the card didn't turn out to be as useful for me as I'd hoped it would, but closing it just seems like the best option.  

[baronofthenorth]

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KLGFCG wrote:

My Chase Sapphire's annual fee just hit, and in reviewing the past year, I'm just not using this card enough to make the fee worthwhile. So, much as I like the card, I've come to the conclusion that it needs to go. 

I would prefer not to lose the credit line from the Sapphire, however. I currently have 3 other cards through Chase: Freedom, Amazon, and AARP. Does Chase typically allow reallocation of a credit line to other cards? If so, should I ask for the reallocation first, then bring up closing the Sapphire after the money is moved, or is okay to do it all at once?

On the other hand, a balance transfer card would be of use right now, so would I be better served by trying to obtain the Slate? If so, should I try to PC (would a PC still get the no BT fee, 0% for 15 mos?), or should I close the Sapphire and try a new app for the Slate?

Any advice is appreciated, this will be the first card I've closed and I want to do it without losing too much. I'm bummed that the card didn't turn out to be as useful for me as I'd hoped it would, but closing it just seems like the best option.  

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Chase is often quite good about combining and shifting CL's from one credit card account to another.  Never hurts to ask, and they have been very accomodating in my personal experience.

[adavis425]

+1

You should have no problem. Chase doesn't mind doing this at all and I've even had them suggest it. So yeah, I'd go for it.

[FrugalRican]

Why not downgrade to the Non-Preferred version and keep the CL?