topic Re: Consolidating Chase! in Credit Cards

Consolidating Chase!

Creditaddict — Thu, 26 Feb 2015 23:57:43 GMT

Partner just closed Slate and CSP and moved both credit lines to his Freedom making the new Freedom Credit Line = $42,500

Re: Consolidating Chase!

Anonymous — Fri, 27 Feb 2015 00:00:32 GMT

Wow, that's quite the credit line. Any reason for closing the CSP? The card sounds very useful if spend is high enough and paired with the Freedom. Does partner have a better general spend/restaurant card?

Re: Consolidating Chase!

sunkissed — Fri, 27 Feb 2015 00:00:55 GMT

Wow! That's a lot of Freedom!

Re: Consolidating Chase!

Creditaddict — Fri, 27 Feb 2015 00:02:38 GMT

@Anonymous wrote:
Wow, that's quite the credit line. Any reason for closing the CSP? The card sounds very useful if spend is high enough and paired with the Freedom. Does partner have a better general spend/restaurant card?

We are currently using diners for a couple months to hide spending in case we do move forward with house buying but after that I use AARP almost exclusively and that with Citi DC and Fidelity Amex CSP just isn't as useful for us... the bonus was great but we don't do enough travel to make socking points into something like that better year round than CASH!

Re: Consolidating Chase!

kdm31091 — Fri, 27 Feb 2015 00:03:32 GMT

I think that's an interesting choice, considering Freedom is capped on the 5% and the rest is 1% so no real benefit to such a huge limit, but I guess if you couldn't justify the CSP it makes sense.

Re: Consolidating Chase!

Creditaddict — Fri, 27 Feb 2015 00:04:49 GMT

@kdm31091 wrote:
I think that's an interesting choice, considering Freedom is capped on the 5% and the rest is 1% so no real benefit to such a huge limit, but I guess if you couldn't justify the CSP it makes sense.

we really don't use any of them so I figure 1 huge cl is better than 3 sitting there.

Re: Consolidating Chase!

kdm31091 — Fri, 27 Feb 2015 00:06:05 GMT

Well, the Slate is certainly useless, and if you don't travel enough to justify a CSP, a Freedom is the best of the 3!

Re: Consolidating Chase!

Anonymous — Fri, 27 Feb 2015 00:06:08 GMT

@Creditaddict wrote:
Partner just closed Slate and CSP and moved both credit lines to his Freedom making the new Freedom Credit Line = $42,500

Wow.. Nice..

Re: Consolidating Chase!

Anonymous — Fri, 27 Feb 2015 00:10:45 GMT

I'm considering doing this soon. I really don't use my SW card much anymore and with the coming devaluation the 6K anniv pts don't make the AF worth it. My other two on the chopping block are CSP and RC depending on some things..

Re: Consolidating Chase!

Anonymous — Fri, 27 Feb 2015 00:12:07 GMT

That's just amazing

Re: Consolidating Chase!

Anonymous — Fri, 27 Feb 2015 00:13:30 GMT

@Anonymous wrote:
I'm considering doing this soon. I really don't use my SW card much anymore and with the coming devaluation the 6K anniv pts don't make the AF worth it. My other two on the chopping block are CSP and RC depending on some things..

I'll be disappointed in you if you give up the Ritz. I started that thread just for you 😀

Re: Consolidating Chase!

CreditCuriosity — Fri, 27 Feb 2015 00:16:51 GMT

$395 AF makes alot of people think twice... Although I will hopefully be paying it at the end of the year

@Anonymous wrote:
@Anonymous wrote:
I'm considering doing this soon. I really don't use my SW card much anymore and with the coming devaluation the 6K anniv pts don't make the AF worth it. My other two on the chopping block are CSP and RC depending on some things..
I'll be disappointed in you if you give up the Ritz. I started that thread just for you 😀

Re: Consolidating Chase!

kdm31091 — Fri, 27 Feb 2015 00:19:20 GMT

It must take a lot to justify the $395 AF on the Ritz...to make it worth keeping I imagine you'd have to be spending pretty heavily and travelling pretty heavily too. (Of course that's the intent of it)

Re: Consolidating Chase!

Anonymous — Fri, 27 Feb 2015 00:22:39 GMT

@CreditCuriousity wrote:
$395 AF makes alot of people think twice... Although I will hopefully be paying it at the end of the year
@Anonymous wrote:
@Anonymous wrote:
I'm considering doing this soon. I really don't use my SW card much anymore and with the coming devaluation the 6K anniv pts don't make the AF worth it. My other two on the chopping block are CSP and RC depending on some things..
I'll be disappointed in you if you give up the Ritz. I started that thread just for you 😀

@Anonymous,

The annual fees pays it self for 2x airline reimbursement of $300 the the year.. I like the Ritz alot and will be keeping it.

Re: Consolidating Chase!

CreditCuriosity — Fri, 27 Feb 2015 00:24:18 GMT

@Anonymous wrote:
@CreditCuriousity wrote:
$395 AF makes alot of people think twice... Although I will hopefully be paying it at the end of the year
@Anonymous wrote:
@Anonymous wrote:
I'm considering doing this soon. I really don't use my SW card much anymore and with the coming devaluation the 6K anniv pts don't make the AF worth it. My other two on the chopping block are CSP and RC depending on some things..
I'll be disappointed in you if you give up the Ritz. I started that thread just for you 😀

@Anonymous,

The annual fees pays it self for 2x airline reimbursement of $300 the the year.. I like the Ritz alot and will be keeping it.

Oh I agree...Have no issue paying it.. Just some, not saying Nixon, but willl have a tough time coughing up $395 after the first year bonus I see alot of cancellations, if you think you see alot of CSP cancellations when the AF hits, wait for the ritz lol

Re: Consolidating Chase!

Anonymous — Fri, 27 Feb 2015 00:28:51 GMT

@CreditCuriousity wrote:
@Anonymous wrote:
@CreditCuriousity wrote:
$395 AF makes alot of people think twice... Although I will hopefully be paying it at the end of the year
@Anonymous wrote:
@Anonymous wrote:
I'm considering doing this soon. I really don't use my SW card much anymore and with the coming devaluation the 6K anniv pts don't make the AF worth it. My other two on the chopping block are CSP and RC depending on some things..
I'll be disappointed in you if you give up the Ritz. I started that thread just for you 😀

@Anonymous,

The annual fees pays it self for 2x airline reimbursement of $300 the the year.. I like the Ritz alot and will be keeping it.
Oh I agree...Have no issue paying it.. Just some, not saying Nixon, but willl have a tough time coughing up $395 after the first year bonus I see alot of cancellations, if you think you see alot of CSP cancellations when the AF hits, wait for the ritz lol

I may keep it, I may not. Just depends if i'm hassled about the $300 redemption like last time. I was apparently given an "exception"

Re: Consolidating Chase!

Anonymous — Fri, 27 Feb 2015 00:30:56 GMT

@CreditCuriousity wrote:
@Anonymous wrote:
@CreditCuriousity wrote:
$395 AF makes alot of people think twice... Although I will hopefully be paying it at the end of the year
@Anonymous wrote:
@Anonymous wrote:
I'm considering doing this soon. I really don't use my SW card much anymore and with the coming devaluation the 6K anniv pts don't make the AF worth it. My other two on the chopping block are CSP and RC depending on some things..
I'll be disappointed in you if you give up the Ritz. I started that thread just for you 😀

@Anonymous,

The annual fees pays it self for 2x airline reimbursement of $300 the the year.. I like the Ritz alot and will be keeping it.
Oh I agree...Have no issue paying it.. Just some, not saying Nixon, but willl have a tough time coughing up $395 after the first year bonus I see alot of cancellations, if you think you see alot of CSP cancellations when the AF hits, wait for the ritz lol

Agreed...

Re: Consolidating Chase!

skigirl916 — Fri, 27 Feb 2015 01:01:41 GMT

I would have kept the CSP open, just to have the flexibility to transfer UR points.

Re: Consolidating Chase!

Creditaddict — Fri, 27 Feb 2015 01:09:58 GMT

I'm really hoping it triggers mid cycle update since the statement just cut for slate with a $12k+ balance and it's now been paid off.

Re: Consolidating Chase!

onstar — Fri, 27 Feb 2015 01:12:25 GMT

@Anonymous wrote:
I'm considering doing this soon. I really don't use my SW card much anymore and with the coming devaluation the 6K anniv pts don't make the AF worth it. My other two on the chopping block are CSP and RC depending on some things..

Ditto on the SW card. I don't use it much (the card & the airline). I'll not use the card for a couple of months, transfer the CL to my Amazon card, then close out the SW card.

And Slate will be gone too once the BT is paid off this summer. Transfer that CL to either Amazon also.