Reply
New Contributor
QuantumCredit
Posts: 64
Registered: ‎11-21-2012

Effect on relationship with Chase if I exploit their checking bonus offer?

[ Edited ]

I recently received an offer from Chase to get $200 if I open a checking account with them. That seems like a lot of money, so I am considering going for it, but I have no interest in keeping the account - it just needs to stay open for 6 months (or else I lose the bonus) and I'll keep $1500 in there to avoid the maintenance fees. You can actually do this once a year, which is kind of ridiculous.

 

The problem is that I currently have a Chase Slate that I am planning on calling the executive office soon to have upgraded to a Freedom, which I then hope to have the limit of raised over time as one does. So my question is - do you think if I exploit their offer - that is, open the checking account to get the $200 bonus and then close in 6 months - that will cause them to look unfavorably on my relationship with them and deny me (or slow down the proecess of getting) credit increases or PCs? Are their credit and banking units closely intertwined or are they largely indepednent?

 

Any advice is appreciated, thanks

Established Contributor
toppers555
Posts: 550
Registered: ‎09-28-2012

Re: Effect on relationship with Chase if I exploit their checking bonus offer?

I don't think they will allow you to do it for another account once you have open a checking account. Also it seems kinda petty tbh. 200 bucks is not alot of money. 



TU 715 No apps to 05/13 cash+ 5/13!!! 738 TU CSP April 13!!!CSP approved May 13!!!


Valued Contributor
navigatethis12
Posts: 1,881
Registered: ‎01-24-2012

Re: Effect on relationship with Chase if I exploit their checking bonus offer?

They do not care if you do this since you can only do it once per year. They only shut people down if you open multiple cards, collect the bonus, cancel, and do it over again.


myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.

>> About myFICO
FICO Score - The Score that matters
Fair Isaac Corporation is a BBB Accredited Financial Service in San Rafael, CA
FOLLOW US Social Media Facebook Twitter Pinterest Google+