Credit Card Center Advertiser Disclosure†
02-04-2013 09:08 PM
02-04-2013 09:12 PM
Welcome to the boards, first of all. Secondly, I would take the higher interest one, I think that you said it was at 18ish, and ask to product change it to the Chase sapphire preferred. Kick these rewards into the next level with the Chase 1-2 punch.
02-04-2013 09:13 PM
Do you carry a balance in long periods of time? Have you called Chase to ask for a interest rate reduction?
If you close you Chase from 2006 it will still report as good history.
I would call Chase to ask if you are able to combine accounts first in order to make the determination.
But if you dont carry a balance and PIF then I would transfer your newest Freedom to your old Freedom.
02-04-2013 09:18 PM
are the both the same 'flavor' (ie MC, VISA)?
if different, i would keep them both (but maybe try to get APR for #1 reduced to match APR of #2)
if the same, i would ask for the CLs to be combined and close #1 (higher APR) and ask if you can keep the 'card member date' of #1 ... but only keep #2 open.
can't hurt to ask
well, maybe a HP, but it would be worth it (imo) if it got you what you want
02-04-2013 09:25 PM
02-04-2013 09:30 PM
I hadn't thought to PC to a CSP, thought that it was more of a travel card and I don't fly much.
I don't carry a balance often mostly PIF. I talked to chase earlier today they said no to an apr reduction at this time, but said that I could combine if I wanted to. Both are visa
I'll call tomorrow and see about combining and if they would backdate.
Thanks for the advice.
CSP is geared towards travel so if you like other rewards than travel I would stick with the Freedom.
02-05-2013 05:36 AM
In my opinion, move some of your limits to Freedom # 1, then convert it to a Chase Sapphire Preferred or another Chase card you're interested in.
or if you really dont want another chase card
move all limit except 500 from card two to one
then close 2
the card will report as a good for 10 years!
|Current: Discover Fico 709 3/15 Walmart Fico 743 4/15|
Inquiries (24 Months): EQ 6 TU 1 EX 6 | Most Recent: 4/09/2015
Earn Cash Back
|Amex Zync(Unicorn) |
Citi DC $10,000
02-19-2013 01:44 PM
I would keep both the Freedoms, especially if one is Visa and the other is MasterCard. This will allow you to effectively double the $1,500 per quarter 5% bonus cap.
02-19-2013 01:45 PM - edited 02-19-2013 01:45 PM
Additionally, if you PC into a CSP, you are losing out on the massive 40K sign-up bonus.
Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.† Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
* For complete information, see the terms and conditions on the credit card issuer’s website. Once you click apply for this card, you will be directed to the issuer’s website where you may review the terms and conditions of the card before applying. While myFICO always strives to present the most accurate information, we show a summary to help you choose a product, not the full legal terms - and before applying you should understand the full terms of products as stated by the issuer itself.
IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. 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.