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I am wanting to apply for the Chase Sapphire Preferred but my concern is that I have too many chase credit cards..
I have:
Chase Slate - $1100
Chase Freedom - $6500
What are the chances of getting approved for a new CC? Also would it be possible to upgrade the chase slate to the sapphire?
@DougieFresh1 wrote:I am wanting to apply for the Chase Sapphire Preferred but my concern is that I have too many chase credit cards..
I have:
Chase Slate - $1100
Chase Freedom - $6500
What are the chances of getting approved for a new CC? Also would it be possible to upgrade the chase slate to the sapphire?
Considering your scores and credit lines, you should be a shoe-in for the CSP...i would recommend apping for it instead of PCing your slate, just because of the bonus offer!
In case that you do get denied for having "sufficient credit" with Chase (usually based on the amount borrowed across all cards, and not necessarily how many you have), definitely recon and offer to move some credit from the slate and freedom over to the CSP...so say they could give you $3000, making your maximum exposure $10,600 altogether through Chase. You could move $1500 from the Freedom, and $500 from the Slate, keeping your exposure at $10,600, yet allowing you to open the CSP AND receive the bonus points, effectively making your new credit lines: Slate - $600 Freedom - $5000 CSP - $5000.
Best of luck!
Assuming that you have at least 6 months of the freedom and slate under your belt, you are ready to goooo!
Don't upgrade! You'll lose the bonus.
You can apply for the CSP. Once you're approved, you can move the chase slate limit to the CSP if you don't need the slate anymore.
I've had the Chase Slate card for about 5 years. It was my first CC ever and became the slate.
I have had my Chase freedom card for almost 2 1/2 years.
+1
Nice.. good to hear!
I'm hoping I don't get a low credit line. Would like to have this be me primary card and something close to where my AMEX limit is.
Also is it better to go to the bank or apply online? And once I get the preferred, if for any reason would like to downgrade, possible?
99% of the time I pay off my card monthly. Specifically with my Chase cards I'm probably only spending 1k/month. On my amex about 5k/mo . But everything normally paid off by the end of the month.
Float between 0-2% utilization