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.
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.
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
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.
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
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.
Additionally, if you PC into a CSP, you are losing out on the massive 40K sign-up bonus.