Product Change from Slate to Freedom -- very easy/BofA uses TU

[Anonymous]

Just thought I'd share this information with the community. I called Chase this a.m. to inquire about a product change from my Slate Chase card to the Freedom card. The woman on the phone said she could do it for me right then and there -- no hard pull. My CL stayed the same. So that was nice--and easy.

However, despite giving me the Chase Freedom card (which, by all information on this board, is a card reserved for those with good credit) they said I do not qualify for an APR decrease (it's currently at 27%).  Figure that one out.

Bank of America added an annual fee to my MBNA account in May after doing a periodic review of my credit report (unbeknownst to me). They pulled TU, the one report in which I am below 700.

Those are my two credit cards. I'm very irked about the annual fee BofA slapped on my card, which was 11 years old and a card that did not have a SINGLE late payment over its entire history. But it doesn't matter to them, apparently. The woman on the phone actually seemed to feel sorry for me, but she said all I could do was apply for a different no-fee card and close this one. Not sure what to do as I would like to stick it to them by closing the account, but given that would cut down my available debt, I don't want to.

May still close it, apply for a new Citi card with no fee and be done with it. Just not sure.

[Anonymous]

I'm glad you were able to do the product change. I've been trying to PC from Slate to Freedom for each of the 3 months I've had my new card. I don't know if its because I'm only 20 or because I've only had the account open for 3 months, but NO ONE will do it. I've called CS many times and even tried the backdoor number. Everyone tells me I'm ineligible and will not give me a reason.

[MagicShot]

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@Anonymous wrote:

I'm glad you were able to do the product change. I've been trying to PC from Slate to Freedom for each of the 3 months I've had my new card. I don't know if its because I'm only 20 or because I've only had the account open for 3 months, but NO ONE will do it. I've called CS many times and even tried the backdoor number. Everyone tells me I'm ineligible and will not give me a reason.

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Do you know your fico scores?

[CreditMuppet]

Yes agreed if you are eligible they make it very easy, I was recently able to PC both my old flexible rewards cards to Freedom, however the accounts were pretty old (around 9 years old), took less than 5 minutes to get the account swapped.  

Bank of America added AF's to a specific percentage of its customer base in May, I dont think it was anything specific to your account, it was covered in the media pretty heavily, I believe this was related to the CARD act. I also had an old account which they added an AF to around that time, I am pretty much keeping that account open for AAOA.

[Anonymous]

when I applied for the Slate card, they sent me a letter stating my EQ fico score was a 684. I don't know about the rest of them though. I do know I have numerous credit inquiries which is certainly hurting my score. I am no longer applying for any more credit for a while.

[john398]

I personally think Chase is being more flexable with the Freedom card since they can no long make money off there debit cards....

[Anonymous]

My Chase Slate card account was 9 years old and in good standing. Maybe the account history had something to do with it.

[MagicShot]

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@Anonymous wrote:

My Chase Slate card account was 9 years old and in good standing. Maybe the account history had something to do with it.

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My Chase card was brought over from MaMu and it has decreased in CL and they wont convert it either. its been 3 years since they took MaMu assets and still they treet me and my DW like crap.

[CreditMuppet]

Which Chase card do you have MagicShot ?  I know many of the Wamu cards were subprime and maybe that makes a difference when you are trying to PC down the line.

[MagicShot]

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@CreditMuppet wrote:

Which Chase card do you have ErinW43?  I know many of the Wamu cards were subprime and maybe that makes a difference when you are trying to PC down the line.

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I had a good interest rate and like 4 times the CL with MaMu, its also one of my older card, is the only reason I have been keeping it open.