11-30-2012 04:58 PM - edited 11-30-2012 05:11 PM
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
11-30-2012 05:15 PM
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!!!
11-30-2012 05:24 PM
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.
IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions based on Experian or Equifax data (additional FICO® Score versions based on TransUnion data are not currently available on myFICO.com). 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.