Credit Cards

[alboto]

I see people talking about 10/10 chase and Im wondering what exactly it is, someone explain it to me. I have checkin/savings account with chase and the freedom, so I wanted to know about this.

[Razeus]

I was about to ask the same thing.  I have a checking/savings and now Freedom card with them.  I was going to close my savings account with them and move it to Schwab where I do my main banking, but I may leave it there if it helps get me a Chase Sapphire Preferred in 6 months when I go for the app.

[Revelate]

I think this was the best thread on it:

http://ficoforums.myfico.com/t5/Credit-Cards/CSP-Freedom-Checking-Use-wisely/m-p/1355519

[WhiteCollar]

I once had the same dilema b/c of the 10/10, do I leave Schwab completely and make Chase my primary bank? I decided to keep Schwab as my primary bank because of their customer service, free checks, and no ATM fees ever!! I PC'd from Freedom to a CSP however, I still maintain a Chase account and use my debit card. The 10/10 helps you accumulate points faster that can be used in Ultimate Rewards. 

[alboto]

Thanks @revelate

[bribro]

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PrettyNPink wrote:

I once had the same dilema b/c of the 10/10, do I leave Schwab completely and make Chase my primary bank? I decided to keep Schwab as my primary bank because of their customer service, free checks, and no ATM fees ever!! I PC'd from Freedom to a CSP however, I still maintain a Chase account and use my debit card. The 10/10 helps you accumulate points faster that can be used in Ultimate Rewards. 

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I'm confused. Why did you forfeit the 10/10 on your Freedom card by switching to CSP (thus also forfeiting the amazing sign-up bonus)?

[WhiteCollar]

The APR on my Freedom was too high and they refused to increase it. At the time, I did not purchase gas so having the card was not worth it to me. I can always get a Freedom card, its the easiest Chase card to obtain. However, its much difficult to get a CSP so I jumped at the opportunity.

[bribro]

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PrettyNPink wrote:

The APR on my Freedom was too high and they refused to increase it. At the time, I did not purchase gas so having the card was not worth it to me. I can always get a Freedom card, its the easiest Chase card to obtain. However, its much difficult to get a CSP so I jumped at the opportunity.

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I'm guessing you meant decrease in regards to your APR. What's the connection between the Freedom card and gas? Did they use to give a year-round bonus for gas purchases?

[WhiteCollar]

Yes, I meant decrease. You can get cash back on gas during ceratin months.