topic Re: Thinking of closing one of my chase cards in Credit Cards

Thinking of closing one of my chase cards

darkfrosty — Thu, 15 Jan 2015 19:58:23 GMT

How long until you can reapply for the sign up bonus again ? I am thinking of closing my freedom and keeping my ink and csp. Possibly reapplying down the road for freedom for sign up bonus.

Re: Thinking of closing one of my chase cards

Anonymous — Thu, 15 Jan 2015 20:00:23 GMT

24 months

$100 Bonus
This new cardmember bonus offer is not available to either (i) current cardmembers of this consumer credit card, or (ii) previous cardmembers of this consumer credit card who received a new cardmember bonus for this consumer credit card within the last 24 months.

Re: Thinking of closing one of my chase cards

darkfrosty — Thu, 15 Jan 2015 20:03:10 GMT

Thanks.

Hmm dunno if I should just keep it open. Trying to close cards that I don't really use. Bonus quarters are nice but i only really hit the bonus categories when Amazon is one.

Re: Thinking of closing one of my chase cards

Anonymous — Thu, 15 Jan 2015 20:23:52 GMT

I closed Freedom a few days ago Wasnt really necessary or useful to me. But give it some thought and decide whats right for you

Re: Thinking of closing one of my chase cards

mongstradamus — Thu, 15 Jan 2015 20:25:41 GMT

@darkfrosty wrote:
Thanks.

Hmm dunno if I should just keep it open. Trying to close cards that I don't really use. Bonus quarters are nice but i only really hit the bonus categories when Amazon is one.

if you are trying maximize your UR to get best value i think freedom is still an nice card to have. Groceries this quarter for me is going to get a decent workout, i think theres an chance i will max it out without MS or anything like that.

Re: Thinking of closing one of my chase cards

navajomyst2003 — Thu, 15 Jan 2015 20:27:07 GMT

I too am thinking of closing a Chase card. I have both the Marriott rewards VS and Ritz-Carlton. Thinking about transferring Marriott CL over to Ritz and then close Marriott. Any advice? Sorry about the thread hi-jack.

Re: Thinking of closing one of my chase cards

1GaDawg85 — Thu, 15 Jan 2015 20:32:18 GMT

@navajomyst2003 wrote:
I too am thinking of closing a Chase card. I have both the Marriott rewards VS and Ritz-Carlton. Thinking about transferring Marriott CL over to Ritz and then close Marriott. Any advice? Sorry about the thread hi-jack.

Those 2 are redundant....keep the Ritz card

Re: Thinking of closing one of my chase cards

navajomyst2003 — Thu, 15 Jan 2015 20:34:29 GMT

@1GaDawg85 wrote:
@navajomyst2003 wrote:
I too am thinking of closing a Chase card. I have both the Marriott rewards VS and Ritz-Carlton. Thinking about transferring Marriott CL over to Ritz and then close Marriott. Any advice? Sorry about the thread hi-jack.
Those 2 are redundant....keep the Ritz card

That is what I was thinking. Also, I like heavy metal.

Re: Thinking of closing one of my chase cards

Luscher — Thu, 15 Jan 2015 20:35:11 GMT

If you close any make sure you transfer credit limit to other card first

Re: Thinking of closing one of my chase cards

red259 — Thu, 15 Jan 2015 20:35:19 GMT

@Anonymous wrote:
24 months

$100 Bonus
This new cardmember bonus offer is not available to either (i) current cardmembers of this consumer credit card, or (ii) previous cardmembers of this consumer credit card who received a new cardmember bonus for this consumer credit card within the last 24 months.

So based upon this how far in advance before applying do we need to cancel the card (assuming its been 24 months since getting bonus)? Also, it looks like the 24 months starts running once you get your bonus credited to your account and not from when you initially get the card?

Re: Thinking of closing one of my chase cards

navajomyst2003 — Thu, 15 Jan 2015 20:37:21 GMT

@Luscher wrote:
If you close any make sure you transfer credit limit to other card first

Absolutely!

Re: Thinking of closing one of my chase cards

1GaDawg85 — Thu, 15 Jan 2015 20:38:48 GMT

@red259 wrote:
@Anonymous wrote:
24 months

$100 Bonus
This new cardmember bonus offer is not available to either (i) current cardmembers of this consumer credit card, or (ii) previous cardmembers of this consumer credit card who received a new cardmember bonus for this consumer credit card within the last 24 months.
So based upon this how far in advance before applying do we need to cancel the card (assuming its been 24 months since getting bonus)? Also, it looks like the 24 months starts running once you get your bonus credited to your account and not from when you initially get the card?

It has to be 24 since you got the bonus...

Re: Thinking of closing one of my chase cards

mongstradamus — Thu, 15 Jan 2015 20:40:03 GMT

@navajomyst2003 wrote:
@Luscher wrote:
If you close any make sure you transfer credit limit to other card first
Absolutely!

how is this ritz carlton card everybody speaks of is it something i should look into.I never really took an look at it one for the AF and two marriot/ritz cartlon points aren't the move valuable in the world especially when you compare it to something like Hyatt

Re: Thinking of closing one of my chase cards

red259 — Thu, 15 Jan 2015 20:40:52 GMT

@darkfrosty wrote:
How long until you can reapply for the sign up bonus again ? I am thinking of closing my freedom and keeping my ink and csp. Possibly reapplying down the road for freedom for sign up bonus.

I have those three cards. It depends on your spend. The freedom is a no-AF card so I wouldn't close that one and it has decent rotating categories. the ink (assuming you have the bold or plus) and csp overlap. For me I am likely to downgrade the csp to a non-AF CS and then eventually I will close the account all together. The only reason I am downgrading instead of getting rid of it is that I like the restaurant bonus. I don't have large enough regular travel expenses to make the AF worthwhile so I can live without those. The other benefits of the CSP I get from my bold card and it does not make any sense for me to pay two AFs. The CSP signup bonus is much better than the freedom signup IMO.

Re: Thinking of closing one of my chase cards

mongstradamus — Thu, 15 Jan 2015 20:45:48 GMT

@red259 wrote:
@darkfrosty wrote:
How long until you can reapply for the sign up bonus again ? I am thinking of closing my freedom and keeping my ink and csp. Possibly reapplying down the road for freedom for sign up bonus.
I have those three cards. It depends on your spend. The freedom is a no-AF card so I wouldn't close that one and it has decent rotating categories. the ink (assuming you have the bold or plus) and csp overlap. For me I am likely to downgrade the csp to a non-AF CS and then eventually I will close the account all together. The only reason I am downgrading instead of getting rid of it is that I like the restaurant bonus. I don't have large enough regular travel expenses to make the AF worthwhile so I can live without those. The other benefits of the CSP I get from my bold card and it does not make any sense for me to pay two AFs. The CSP signup bonus is much better than the freedom signup IMO.

I am probably going to do samething sometime in april. I am wondering how long the downgrade from CSP to CS will last. Would it not longer be around in april.

Re: Thinking of closing one of my chase cards

navajomyst2003 — Thu, 15 Jan 2015 20:46:37 GMT

@mongstradamus wrote:
@navajomyst2003 wrote:
@Luscher wrote:
If you close any make sure you transfer credit limit to other card first
Absolutely!
how is this ritz carlton card everybody speaks of is it something i should look into.I never really took an look at it one for the AF and two marriot/ritz cartlon points aren't the move valuable in the world especially when you compare it to something like Hyatt

I just got the Ritz with the 140,000 point sign-on and am just getting ready to start using it. So I can't really address all of its benefits yet. Already met the min spend on the Marriott and used the free night certificate. But since they are affiliated, and after doing a little reading, it appears that holding both is, as one of the previous posters noted, redundant. I am a Marriott hotel user so one of these cards makes more sense for me than Hyatt, but I have heard a lot of good things about that one.

Re: Thinking of closing one of my chase cards

red259 — Thu, 15 Jan 2015 20:48:24 GMT

@navajomyst2003 wrote:
I too am thinking of closing a Chase card. I have both the Marriott rewards VS and Ritz-Carlton. Thinking about transferring Marriott CL over to Ritz and then close Marriott. Any advice? Sorry about the thread hi-jack.

The AF is vastly different so it depends on how you value the perks of each card. The Ritz card has a lot of benefits, but its also a high AF. If your not going to use the benefits on it then its a total waste of money. The first question would be which do you stay at more Ritz or Marriott?

Re: Thinking of closing one of my chase cards

red259 — Thu, 15 Jan 2015 20:49:40 GMT

@mongstradamus wrote:
@red259 wrote:
@darkfrosty wrote:
How long until you can reapply for the sign up bonus again ? I am thinking of closing my freedom and keeping my ink and csp. Possibly reapplying down the road for freedom for sign up bonus.
I have those three cards. It depends on your spend. The freedom is a no-AF card so I wouldn't close that one and it has decent rotating categories. the ink (assuming you have the bold or plus) and csp overlap. For me I am likely to downgrade the csp to a non-AF CS and then eventually I will close the account all together. The only reason I am downgrading instead of getting rid of it is that I like the restaurant bonus. I don't have large enough regular travel expenses to make the AF worthwhile so I can live without those. The other benefits of the CSP I get from my bold card and it does not make any sense for me to pay two AFs. The CSP signup bonus is much better than the freedom signup IMO.
I am probably going to do samething sometime in april. I am wondering how long the downgrade from CSP to CS will last. Would it not longer be around in april.

No idea, but I just need to hold out until next month when the 7% posts to my CSP.

Re: Thinking of closing one of my chase cards

kdm31091 — Thu, 15 Jan 2015 20:51:13 GMT

Freedom is an ok card, I don't really understand the love for it as IMO the categories tend to be more restrictive on average than Discover's. Of course, I guess most people who really love Freedom pair it with a CSP and transfer the points.

By itself, it isn't that exciting IMO. No shame in closing it.

Re: Thinking of closing one of my chase cards

mongstradamus — Thu, 15 Jan 2015 20:53:19 GMT

@red259 wrote:
@mongstradamus wrote:
@red259 wrote:
@darkfrosty wrote:
How long until you can reapply for the sign up bonus again ? I am thinking of closing my freedom and keeping my ink and csp. Possibly reapplying down the road for freedom for sign up bonus.
I have those three cards. It depends on your spend. The freedom is a no-AF card so I wouldn't close that one and it has decent rotating categories. the ink (assuming you have the bold or plus) and csp overlap. For me I am likely to downgrade the csp to a non-AF CS and then eventually I will close the account all together. The only reason I am downgrading instead of getting rid of it is that I like the restaurant bonus. I don't have large enough regular travel expenses to make the AF worthwhile so I can live without those. The other benefits of the CSP I get from my bold card and it does not make any sense for me to pay two AFs. The CSP signup bonus is much better than the freedom signup IMO.
I am probably going to do samething sometime in april. I am wondering how long the downgrade from CSP to CS will last. Would it not longer be around in april.
No idea, but I just need to hold out until next month when the 7% posts to my CSP.

yeah i can wait i am pretty down on UR points right now. So i am contemplating do i really need CSP or Ink plus anymore. I am very disappointed with KE disappearing with no notice and UAL devaluation. I can use MR to transfer to either BA or SQ, so that doesn't really give UR an advantage there.