topic Re: Chase Freedom and Bonus Estimate in Credit Cards

Chase Freedom and Bonus Estimate

taxi818 — Wed, 20 May 2015 00:01:16 GMT

Hello all. i have asimple question about chase after reading about the account closings and all. and knowing they are super sensitive.

I had been trying to get in with chase for about 6 months. as i applied last year in september and was turned down. forgot reason. something like no experience with high limits.

Anyway. i told myself i would not apply for a chase card until i got pre approval. which i did last month.. I went thru all the drama of their verification and got my card finally. so. Their 500 spend in first 3 months. i prioritized it and am done. i don't need restaurants as Discover is showing love and i will show love back by using their card. i will use The freedom in november when my 18 months of 0 percent Discover Runs out. Which will get me about 8 extra months of 0 percent on the freedom. Main question. will they shut me down. as i will just ask for statement credit with the bonus then SD the card. at least until november. Snap shot of my bonus below. I do appreciate the free money however.

Re: Chase Freedom and Bonus Estimate

Anonymous — Wed, 20 May 2015 00:02:56 GMT

@taxi818 wrote:
Hello all. i have asimple question about chase after reading about the account closings and all. and knowing they are super sensitive.
I had been trying to get in with chase for about 6 months. as i applied last year in september and was turned down. forgot reason. something like no experience with high limits.
Anyway. i told myself i would not apply for a chase card until i got pre approval. which i did last month.. I went thru all the drama of their verification and got my card finally. so. Their 500 spend in first 3 months. i prioritized it and am done. i don't need restaurants as Discover is showing love and i will show love back by using their card. i will use The freedom in november when my 18 months of 0 percent Discover Runs out. Which will get me about 8 extra months of 0 percent on the freedom. Main question. will they shut me down. as i will just ask for statement credit with the bonus then SD the card. at least until november. Snap shot of my bonus below. I do appreciate the free money however.

Why would they shut you down?

Re: Chase Freedom and Bonus Estimate

taxi818 — Wed, 20 May 2015 00:03:44 GMT

As it will be 6 months before i use the card again after i cash out the bonus?

Re: Chase Freedom and Bonus Estimate

Anonymous — Wed, 20 May 2015 00:04:46 GMT

@taxi818 wrote:
As it will be 6 months before i use the card again after i cash out the bonus?

Just put a random charge on it every so often.

Re: Chase Freedom and Bonus Estimate

taxi818 — Wed, 20 May 2015 00:07:03 GMT

Yep. will do. i just was in shock reading all the recent shutdowns. or AA from chase. I know we never hear entire story. but since i have no experience with them. was just wondering. Honestly. i just wanted the realtionship for future considerations. like when that only collection drop off in a year or so and my scores are hovering 760 plus. then i will go for the good chase cards.

Re: Chase Freedom and Bonus Estimate

FinStar — Wed, 20 May 2015 00:09:24 GMT

@Anonymous wrote:
@taxi818 wrote:
As it will be 6 months before i use the card again after i cash out the bonus?
Just put a random charge on it every so often.

I agree. Just use it for something like every couple months to keep it active. An item to keep in mind, you also want to build an internal score with them since they are algorithm-based (among other factors and criteria). If you stop using your account for a prolonged period, then there will be no incentive for auto-CLI (let alone a CLI) and other products (if you're remotely interested - like CSP) which would be dependent on the history of your first card.

Re: Chase Freedom and Bonus Estimate

Kenny — Wed, 20 May 2015 00:12:39 GMT

I've had a card for 6 months without using it. Much worry about nothing, to me. You should be more than fine.

Re: Chase Freedom and Bonus Estimate

taxi818 — Wed, 20 May 2015 00:12:49 GMT

@FinStar wrote:
@Anonymous wrote:
@taxi818 wrote:
As it will be 6 months before i use the card again after i cash out the bonus?
Just put a random charge on it every so often.
I agree. Just use it for something like every couple months to keep it active. An item to keep in mind, you also want to build an internal score with them since they are algorithm-based (among other factors and criteria). If you stop using your account for a prolonged period, then there will be no incentive for auto-CLI (let alone a CLI) and other products (if you're remotely interested - like CSP) which would be dependent on the history of your first card.

Hmm. Yes. thats the reason. to get the csp in a year or so. in that case. I could make exception and just use Chase. especially since Gas is coming up and i spend about 1k per month. i was gonna try and make the Venture spend. but I could mothball it for chase. and put the Venture away and lose that bonus. As the long term relationship is worth much more than a bonus to me. Thanks Fin. Did not think of that aspect.

Re: Chase Freedom and Bonus Estimate

FinStar — Wed, 20 May 2015 00:21:14 GMT

@taxi818 wrote:
@FinStar wrote:
@Anonymous wrote:
@taxi818 wrote:
As it will be 6 months before i use the card again after i cash out the bonus?
Just put a random charge on it every so often.
I agree. Just use it for something like every couple months to keep it active. An item to keep in mind, you also want to build an internal score with them since they are algorithm-based (among other factors and criteria). If you stop using your account for a prolonged period, then there will be no incentive for auto-CLI (let alone a CLI) and other products (if you're remotely interested - like CSP) which would be dependent on the history of your first card.
Hmm. Yes. thats the reason. to get the csp in a year or so. in that case. I could make exception and just use Chase. especially since Gas is coming up and i spend about 1k per month. i was gonna try and make the Venture spend. but I could mothball it for chase. and put the Venture away and lose that bonus. As the long term relationship is worth much more than a bonus to me. Thanks Fin. Did not think of that aspect.

How much do you still have left on your Venture spend for the sign up bonus? Yeah, I wouldn't fret too much with Chase as far as AA. Just don't go hog wild with opening too many accounts for the next 6 months or so and keep utilization in check. Other than that, just throw them a bone here and there to maintain some usage. You decide what works best

Re: Chase Freedom and Bonus Estimate

CreditCuriosity — Wed, 20 May 2015 00:28:19 GMT

Chase is a keeper and I agree most of the the time for AA is w/chase is more than you hear.. Either high Utilization on their card or other creditors cards or MS or churning or along those lines... You Freedom will be just fine... Sure they aren't happy how many cards I have opened since them, but they will live with it.. They at least get 1k charges a month between the CSP/Freedom..

Re: Chase Freedom and Bonus Estimate

taxi818 — Wed, 20 May 2015 00:32:39 GMT

@FinStar wrote:
@taxi818 wrote:
@FinStar wrote:
@Anonymous wrote:
@taxi818 wrote:
As it will be 6 months before i use the card again after i cash out the bonus?
Just put a random charge on it every so often.
I agree. Just use it for something like every couple months to keep it active. An item to keep in mind, you also want to build an internal score with them since they are algorithm-based (among other factors and criteria). If you stop using your account for a prolonged period, then there will be no incentive for auto-CLI (let alone a CLI) and other products (if you're remotely interested - like CSP) which would be dependent on the history of your first card.
Hmm. Yes. thats the reason. to get the csp in a year or so. in that case. I could make exception and just use Chase. especially since Gas is coming up and i spend about 1k per month. i was gonna try and make the Venture spend. but I could mothball it for chase. and put the Venture away and lose that bonus. As the long term relationship is worth much more than a bonus to me. Thanks Fin. Did not think of that aspect.
How much do you still have left on your Venture spend for the sign up bonus? Yeah, I wouldn't fret too much with Chase as far as AA. Just don't go hog wild with opening too many accounts for the next 6 months or so and keep utilization in check. Other than that, just throw them a bone here and there to maintain some usage. You decide what works best

On the venture. hehehe. I still have 2930 to go before i reach the spend. A long way to go still. Ive only put 70 bucks on it since ive had it.

Re: Chase Freedom and Bonus Estimate

taxi818 — Wed, 20 May 2015 00:35:57 GMT

@CreditCuriousity wrote:
Chase is a keeper and I agree most of the the time for AA is w/chase is more than you hear.. Either high Utilization on their card or other creditors cards or MS or churning or along those lines... You Freedom will be just fine... Sure they aren't happy how many cards I have opened since them, but they will live with it.. They at least get 1k charges a month between the CSP/Freedom..

I can put 1k a month thru it if i give up the Venture spend goals. hmm.

Re: Chase Freedom and Bonus Estimate

CreditCuriosity — Wed, 20 May 2015 00:36:18 GMT

Just don't go into unnecessary dept to meet the spend for bonus, you know that though .. Hopefully you can find a way to meet it through bills or other ways.

Re: Chase Freedom and Bonus Estimate

Anonymous — Wed, 20 May 2015 00:36:42 GMT

@taxi818 wrote:
@FinStar wrote:
@taxi818 wrote:
@FinStar wrote:
@Anonymous wrote:
@taxi818 wrote:
As it will be 6 months before i use the card again after i cash out the bonus?
Just put a random charge on it every so often.
I agree. Just use it for something like every couple months to keep it active. An item to keep in mind, you also want to build an internal score with them since they are algorithm-based (among other factors and criteria). If you stop using your account for a prolonged period, then there will be no incentive for auto-CLI (let alone a CLI) and other products (if you're remotely interested - like CSP) which would be dependent on the history of your first card.
Hmm. Yes. thats the reason. to get the csp in a year or so. in that case. I could make exception and just use Chase. especially since Gas is coming up and i spend about 1k per month. i was gonna try and make the Venture spend. but I could mothball it for chase. and put the Venture away and lose that bonus. As the long term relationship is worth much more than a bonus to me. Thanks Fin. Did not think of that aspect.
How much do you still have left on your Venture spend for the sign up bonus? Yeah, I wouldn't fret too much with Chase as far as AA. Just don't go hog wild with opening too many accounts for the next 6 months or so and keep utilization in check. Other than that, just throw them a bone here and there to maintain some usage. You decide what works best
On the venture. hehehe. I still have 2930 to go before i reach the spend. A long way to go still. Ive only put 70 bucks on it since ive had it.

Time to pay on your tax bill then

Re: Chase Freedom and Bonus Estimate

CreditCuriosity — Wed, 20 May 2015 00:37:19 GMT

@taxi818 wrote:
@CreditCuriousity wrote:
Chase is a keeper and I agree most of the the time for AA is w/chase is more than you hear.. Either high Utilization on their card or other creditors cards or MS or churning or along those lines... You Freedom will be just fine... Sure they aren't happy how many cards I have opened since them, but they will live with it.. They at least get 1k charges a month between the CSP/Freedom..
I can put 1k a month thru it if i give up the Venture spend goals. hmm.

Nah no need to do that... Just put a bit through the freedom like 10 a month until you meet spend on Venture if you can then ramp it back up with chase if you want to get a nice CSP limit one day.

Re: Chase Freedom and Bonus Estimate

Anonymous — Wed, 20 May 2015 00:39:24 GMT

@CreditCuriousity wrote:
@taxi818 wrote:
@CreditCuriousity wrote:
Chase is a keeper and I agree most of the the time for AA is w/chase is more than you hear.. Either high Utilization on their card or other creditors cards or MS or churning or along those lines... You Freedom will be just fine... Sure they aren't happy how many cards I have opened since them, but they will live with it.. They at least get 1k charges a month between the CSP/Freedom..
I can put 1k a month thru it if i give up the Venture spend goals. hmm.
Nah no need to do that... Just put a bit through the freedom like 10 a month until you meet spend on Venture if you can then ramp it back up with chase if you want to get a nice CSP limit one day.

Are you implying that my RC approval for $9K was due to the heavy spend on the CSP?

Re: Chase Freedom and Bonus Estimate

taxi818 — Wed, 20 May 2015 00:39:46 GMT

@Anonymous wrote:
@taxi818 wrote:
@FinStar wrote:
@taxi818 wrote:
@FinStar wrote:
@Anonymous wrote:
@taxi818 wrote:
As it will be 6 months before i use the card again after i cash out the bonus?
Just put a random charge on it every so often.
I agree. Just use it for something like every couple months to keep it active. An item to keep in mind, you also want to build an internal score with them since they are algorithm-based (among other factors and criteria). If you stop using your account for a prolonged period, then there will be no incentive for auto-CLI (let alone a CLI) and other products (if you're remotely interested - like CSP) which would be dependent on the history of your first card.
Hmm. Yes. thats the reason. to get the csp in a year or so. in that case. I could make exception and just use Chase. especially since Gas is coming up and i spend about 1k per month. i was gonna try and make the Venture spend. but I could mothball it for chase. and put the Venture away and lose that bonus. As the long term relationship is worth much more than a bonus to me. Thanks Fin. Did not think of that aspect.
How much do you still have left on your Venture spend for the sign up bonus? Yeah, I wouldn't fret too much with Chase as far as AA. Just don't go hog wild with opening too many accounts for the next 6 months or so and keep utilization in check. Other than that, just throw them a bone here and there to maintain some usage. You decide what works best
On the venture. hehehe. I still have 2930 to go before i reach the spend. A long way to go still. Ive only put 70 bucks on it since ive had it.
Time to pay on your tax bill then

No way. That is only $150 per month. im not paying em more than that. since i just paid 2014 in full. and im paying an estimated tax for next year at same time. plus im still paying for 2013. so i think they are happy with what they are getting. its only so many pieces of the pie

Re: Chase Freedom and Bonus Estimate

Ghoshida — Wed, 20 May 2015 00:42:38 GMT

@Anonymous wrote:
@CreditCuriousity wrote:
@taxi818 wrote:
@CreditCuriousity wrote:
Chase is a keeper and I agree most of the the time for AA is w/chase is more than you hear.. Either high Utilization on their card or other creditors cards or MS or churning or along those lines... You Freedom will be just fine... Sure they aren't happy how many cards I have opened since them, but they will live with it.. They at least get 1k charges a month between the CSP/Freedom..
I can put 1k a month thru it if i give up the Venture spend goals. hmm.
Nah no need to do that... Just put a bit through the freedom like 10 a month until you meet spend on Venture if you can then ramp it back up with chase if you want to get a nice CSP limit one day.
Are you implying that my RC approval for $9K was due to the heavy spend on the CSP?

Nah. It was due to special messages from B613 and the oval office.

Re: Chase Freedom and Bonus Estimate

CreditCuriosity — Wed, 20 May 2015 00:52:32 GMT

@Anonymous wrote:
@CreditCuriousity wrote:
@taxi818 wrote:
@CreditCuriousity wrote:
Chase is a keeper and I agree most of the the time for AA is w/chase is more than you hear.. Either high Utilization on their card or other creditors cards or MS or churning or along those lines... You Freedom will be just fine... Sure they aren't happy how many cards I have opened since them, but they will live with it.. They at least get 1k charges a month between the CSP/Freedom..
I can put 1k a month thru it if i give up the Venture spend goals. hmm.
Nah no need to do that... Just put a bit through the freedom like 10 a month until you meet spend on Venture if you can then ramp it back up with chase if you want to get a nice CSP limit one day.
Are you implying that my RC approval for $9K was due to the heavy spend on the CSP?

Nah the AF that you ended up getting removed and we all know future chase apps usually yield higher limits than the prior one

Re: Chase Freedom and Bonus Estimate

ParadoxD — Wed, 20 May 2015 03:19:16 GMT

@Kenny wrote:
I've had a card for 6 months without using it. Much worry about nothing, to me. You should be more than fine.

This. I've had several with no use for many, many months. I've never had a company close an account on me.