topic Re: Best Chase Card for CL Reallocation in Credit Cards

Best Chase Card for CL Reallocation

Anonymous — Wed, 01 Jul 2015 05:50:18 GMT

Which Chase card would be best to apply for with the intentions of reallocating the line to my Freedom and closing the account. Would a co-branded card be best?

Re: Best Chase Card for CL Reallocation

woodyman100 — Wed, 01 Jul 2015 12:46:14 GMT

Slate. Be careful though. Chases new rules on "in house" cards means you need to think twice before wasting a Freedom/CSP/Slate app

Re: Best Chase Card for CL Reallocation

Anonymous — Wed, 01 Jul 2015 12:48:16 GMT

@Anonymous wrote:
Which Chase card would be best to apply for with the intentions of reallocating the line to my Freedom and closing the account. Would a co-branded card be best?

Yes, co-branded cards will be the best to do that with. Chase has tighten the rules a bit so get the card, move some limits and don't close it immediately.

Re: Best Chase Card for CL Reallocation

kdm31091 — Wed, 01 Jul 2015 12:58:01 GMT

@Anonymous wrote:
Which Chase card would be best to apply for with the intentions of reallocating the line to my Freedom and closing the account. Would a co-branded card be best?

Why would you get a card you don't want just for this? Any co-branded card is best because it won't necessarily be part of the "5 accounts in 2 years" thing, but seriously, opening a new account to move the limit and then close it is not going to make you look good. I understand that's the way to get a "CLI" with them, but doing it right after opening a new account is going to raise flags.

If you are willing to open the new account and at least wait 6 months or so, it may not look as bad, but then again, in that amount of time, with showing a good history on your Freedom you may be able to just get a HP CLI on it anyway (without the AAOA ding of a new account that you don't even really want).

Everyone's different obviously but really 4500 should be enough for a Freedom. The rewards are capped anyway, and spending for the 1% is worthless when you have better cards as you do (like Double Cash). No reason to spend more than the 5% caps on Freedom, and that's if you are maxing them out which is unlikely every time.