@Anonymous wrote:
@Ghoshida wrote:
I'm not sure another app is a good idea. OP's credit profile doesn't look very strong, else Chase wouldn't have given $500 limit. Also, remember Chase has a 5/24 rule. If you have got more than 5 cards in the last 24 months then a new app with them will result in a straight denial.
OP, have you used the Slate at all? Chase used to have a policy of moving the entire limit out if (a) the balance is $0 and (b) no transaction has happened for the last 30 days. It has been a while for me. But if you satisfy those two criteria then you should send them a secure message saying you satisfy those two criteria and that they should let you merge the full account.
If they still don't budge (which they can if they recently changed their policies), you might have to wait to get a CLI on the card.
Actually, my credit profile is much stronger than it was when Chase gave me a $2000 CL with Freedom in September. And I was expecting a similar limit on the Slate, which was the only reason I applied - was intending to do some balance transfers. When I saw that $500 limit, I knew it would not help me, so I app'd right away, the same day again with Wells Fargo and got instantly approved for $3500. So I don't think my credit is the issue. I think that Chase is being weird! And no, I *just* got it in the mail and have not used it.
Got it. They might want you to activate it in the first place.
Anyway when I merged my $1k Slate to my then $1k Freedom, I had the Slate open for little less than 6 months and had no transactions for a bit over a month, I think. That was good enough for them to move all of my Slate to the Freedom. You might want to send them an SM asking for clarification on the "X-no of days, no transactions" rule.
As another poster mentioned, it is probably 90 days now. Given that $500 is pretty much worthless to you on a standalone card, it's not going to be difficult to SD it for a while. For whatever reason, Chase doesn't want to extend you a larger line, so asking for either a CLI or a new card (you're right about waiting for CSP) won't get anything.
