topic Re: After I pay off Chase Slate, what to do with card in Credit Cards

After I pay off Chase Slate, what to do with card

onstar — Thu, 12 Feb 2015 16:16:48 GMT

I got a Chase Slate card a few months back to do BT 0% til December 2015. Other than the 0% interest, it really has no good features.

What do you typically do with a card you got just for BT? Close it? Should I try to PC, if so which? Wouldn't it be better to close and apply for a different card to get introductory bonuses?

Re: After I pay off Chase Slate, what to do with card

Anonymous — Thu, 12 Feb 2015 16:17:35 GMT

@onstar wrote:
I got a Chase Slate card a few months back to do BT 0% til December 2015. Other than the 0% interest, it really has no good features.

What do you typically do with a card you got just for BT? Close it? Should I try to PC, if so which? Wouldn't it be better to close and apply for a different card to get introductory bonuses?

Apply for a new Chase card and then roll the Slate's limit into it.

Re: After I pay off Chase Slate, what to do with card

-NewGuy- — Thu, 12 Feb 2015 16:18:43 GMT

If there is another credit card from Chase that would work for you, you can apply for that one and leave the Slate open. Then, after the Slate has had a month of no activity, you can do a full line consolidation, move your entire CL over from Slate to your new card, and close the Slate.

Re: After I pay off Chase Slate, what to do with card

Anonymous — Thu, 12 Feb 2015 16:20:08 GMT

@-NewGuy- wrote:
If there is another credit card from Chase that would work for you, you can apply for that one and leave the Slate open. Then, after the Slate has had a month of no activity, you can do a full line consolidation, move your entire CL over from Slate to your new card, and close the Slate.

Well.

You did detail it a little more than I did but this exactly.

Re: After I pay off Chase Slate, what to do with card

onstar — Thu, 12 Feb 2015 16:38:23 GMT

Thanks you two.

I guess this is the standard protocol for no-feature cards?

Is this a Chase thing (merging CL) or will most banks do this?

(I'm a myFICO n00b. Don't Shoot!)

Re: After I pay off Chase Slate, what to do with card

Anonymous — Thu, 12 Feb 2015 16:42:17 GMT

@onstar wrote:
Thanks you two.

I guess this is the standard protocol for no-feature cards?
Is this a Chase thing (merging CL) or will most banks do this?

(I'm a myFICO n00b. Don't Shoot!)

Well...

Barclay's will do it, BoA will do it with an HP, Citi will usually do it with an HP.

NFCU is supposed to be good about it too.

Re: After I pay off Chase Slate, what to do with card

onstar — Thu, 12 Feb 2015 16:50:45 GMT

@Anonymous wrote:

Well...

Barclay's will do it, BoA will do it with an HP, Citi will usually do it with an HP.
NFCU is supposed to be good about it too.

Thanks. Helps.

BTW, are you hardwired into the myFICO forums? Are you human or a question answering bot? You respond too quickly to be human.

Sometimes it seems like when I hit the Post button, on the next screen, there is not only my post but also your post with an answer.

Re: After I pay off Chase Slate, what to do with card

asphaltcowboy — Thu, 12 Feb 2015 16:55:14 GMT

@onstar wrote:
@Anonymous wrote:
Well...

Barclay's will do it, BoA will do it with an HP, Citi will usually do it with an HP.
NFCU is supposed to be good about it too.
Thanks. Helps.

BTW, are you hardwired into the myFICO forums? Are you human or a question answering bot? You respond too quickly to be human.
Sometimes it seems like when I hit the Post button, on the next screen, there is not only my post but also your post with an answer.

^ lol, this may be true, he never eats or sleeps

Re: After I pay off Chase Slate, what to do with card

Anonymous — Thu, 12 Feb 2015 16:55:44 GMT

Definitely human. Ask me what 1+8 is.

Re: After I pay off Chase Slate, what to do with card

chwebb1 — Thu, 12 Feb 2015 17:07:40 GMT

@Anonymous wrote:
Definitely human. Ask me what 1+8 is.

Now if you're asking him to ask you a question, you could very easily be a bot trying to trick him into thinking you're human since you'd ask him to ask you a question you already know the answer to. I'm just saying.

Re: After I pay off Chase Slate, what to do with card

Anonymous — Thu, 12 Feb 2015 17:13:29 GMT

Not trying to hijack this thread, but DW has a slate and it has a $400 CL. Should she do the same as OP? Scores is 621(CK TU) but she just got a SW Premier w/ $5k CL last month.

Re: After I pay off Chase Slate, what to do with card

Anonymous — Thu, 12 Feb 2015 17:10:35 GMT

That's the point!

Re: After I pay off Chase Slate, what to do with card

Anonymous — Thu, 12 Feb 2015 17:11:17 GMT

@cardanal, Absolutely, yes.

Re: After I pay off Chase Slate, what to do with card

onstar — Thu, 12 Feb 2015 17:30:09 GMT

@Anonymous wrote:
Not trying to hijack this thread, but DW has a slate and it has a $400 CL. Should she do the same as OP? Scores is 621(CK TU) but she just got a SW Premier w/ $5k CL last month.

Glad someone else could benefit from my thread.

I originally BT ~$4000 back in September/October. Balance is down to $2300 now. I'm going to pay this off in the next 6 months and fold the CL into one of my other two Chase cards or maybe get the Marriott card and merge into that.

Re: After I pay off Chase Slate, what to do with card

kdm31091 — Thu, 12 Feb 2015 18:41:38 GMT

You can also just PC if you find another Chase card you want that's not cobranded, like Freedom. Saves the HP and combining limits steps. You'll miss out on 100 bucks in the case of the Freedom with the bonus. That may or may not be worth the HP. But you can't PC to a cobranded card so this option only works with regular Chase cards.

Just a thought though if you wanted to avoid HP.

Re: After I pay off Chase Slate, what to do with card

Anonymous — Thu, 12 Feb 2015 21:27:50 GMT

+1 to the roll the limit into the another Chase card or apply for a new one and roll Slate limit into that.

Very Off Topic: Nixon, did you get a new NFCU card or is it just it's turn for being in your sig

Re: After I pay off Chase Slate, what to do with card

Anonymous — Thu, 12 Feb 2015 21:33:55 GMT

@Anonymous wrote:
@onstar wrote:
I got a Chase Slate card a few months back to do BT 0% til December 2015. Other than the 0% interest, it really has no good features.

What do you typically do with a card you got just for BT? Close it? Should I try to PC, if so which? Wouldn't it be better to close and apply for a different card to get introductory bonuses?

Apply for a new Chase card and then roll the Slate's limit into it.

PCing is another option, but I dislike PCs since you lose out on introductory offers. If Chase had a low sign-up bonus but high category spending bonus card, a PC might make sense as an alternative, but I can't think of a single Chase card that meets this criteria (other than maybe Freedom if you are pairing it with a CSP for 5x points and the 10k UR intro UR offer is one you might choose to pass on to avoid an HP). But Nixon's answer is exactly what I have done every single time I closed a Chase card.

Re: After I pay off Chase Slate, what to do with card

onstar — Thu, 12 Feb 2015 21:38:42 GMT

@kdm31091 wrote:
You can also just PC if you find another Chase card you want that's not cobranded, like Freedom. Saves the HP and combining limits steps. You'll miss out on 100 bucks in the case of the Freedom with the bonus. That may or may not be worth the HP. But you can't PC to a cobranded card so this option only works with regular Chase cards.

Just a thought though if you wanted to avoid HP.

Good tip. I'll revisit this thread about 6 months down the line. Maybe go the PC to Freedom route, or combine CL with either my Amazon or Southwest.

I'm officially in garden mode, so no HP til Valentines 2016.

Re: After I pay off Chase Slate, what to do with card

Anonymous — Thu, 12 Feb 2015 22:16:52 GMT

so i have a chase slate and a freedom. i am about to pay off my slate. if i combine the CL into my freedom and close the slate, does have a negative effect on my credit score for closing the account? or does it not count as a closure since you are merging two products?

how long before you can apply again for a brand new slate with the intro offer of another balance transfer from another company?

or is there anyway to ask for another balance transfer onto the slate with the same intro offer? i assume no but just thought id ask

Re: After I pay off Chase Slate, what to do with card

Anonymous — Thu, 12 Feb 2015 22:34:04 GMT

@Anonymous wrote:
so i have a chase slate and a freedom. i am about to pay off my slate. if i combine the CL into my freedom and close the slate, does have a negative effect on my credit score for closing the account? or does it not count as a closure since you are merging two products?

how long before you can apply again for a brand new slate with the intro offer of another balance transfer from another company?

or is there anyway to ask for another balance transfer onto the slate with the same intro offer? i assume no but just thought id ask

Not at all.

I would wait until 2 years from when you first apped the Slate.