topic Re: Combining Chase CL's in Credit Cards

Combining Chase CL's

Anonymous — Sun, 06 Nov 2016 21:35:10 GMT

I have had my Feedom and then upgraded to FU for 13 months. I have a Slate as well. How long do I have to have the Slate to transfer the CL to my Chase FU? Can I even do this?

Thanks.

Re: Combining Chase CL's

blondy250 — Sun, 06 Nov 2016 21:39:11 GMT

Yes you can, I believe you needed a year. So you should be good.

Re: Combining Chase CL's

Anonymous — Sun, 06 Nov 2016 21:41:27 GMT

There is no time requirement to transfer the limit from one Chase card to another.

Re: Combining Chase CL's

Anonymous — Sun, 06 Nov 2016 21:49:40 GMT

Do they allow you to close the card (Slate)?

Re: Combining Chase CL's

Ghoshida — Sun, 06 Nov 2016 21:57:49 GMT

@Anonymous wrote:
Do they allow you to close the card (Slate)?

You can transfer your CL whenever you want.

Chase can either allow a full transfer and close, a partial transfer and open, or a partial transfer (all but $500) and close.

If you want a full transfer and close, you must have a zero balance on the card being closed, and no transactions for the past 30 days.

If you want a partial transfer and keep the card open, there are no restrictions except that your current balance cannot exceed your revised credit limit on the Slate.

If you want a partial transfer (all but $500) and close, you must have a zero balance while closing. No restrictions on past transactions.

Credit reporting:

If you do a full transfer and close, the card you're moving limits to will show a CLI, while the card being closed will have no changes to its limit, but will show as closed by customer.

If you do a partial transfer and open, both cards will show changes (one going up and one going down) without explanations, and both will say paid as agreed.

If you do a partial transfer and close, the card you're moving limits to will show a CLI, and the card being closed will show a decreased limit ($500) and also will say closed by customer.

Hope this helps.

Personal data points: Slate closed with full transfer. Southwest closed with partial transfer. CSP has partial transfers and kept open (and now converted to FU).

Re: Combining Chase CL's

Anonymous — Sun, 06 Nov 2016 22:02:27 GMT

@Ghoshida wrote:
@Anonymous wrote:
Do they allow you to close the card (Slate)?
You can transfer your CL whenever you want.

Chase can either allow a full transfer and close, a partial transfer and open, or a partial transfer (all but $500) and close.

If you want a full transfer and close, you must have a zero balance on the card being closed, and no transactions for the past 30 days.

If you want a partial transfer and keep the card open, there are no restrictions except that your current balance cannot exceed your revised credit limit on the Slate.

If you want a partial transfer (all but $500) and close, you must have a zero balance while closing. No restrictions on past transactions.

Credit reporting:

If you do a full transfer and close, the card you're moving limits to will show a CLI, while the card being closed will have no changes to its limit, but will show as closed by customer.

If you do a partial transfer and open, both cards will show changes (one going up and one going down) without explanations, and both will say paid as agreed.

If you do a partial transfer and close, the card you're moving limits to will show a CLI, and the card being closed will show a decreased limit ($500) and also will say closed by customer.

Hope this helps.

Personal data points: Slate closed with full transfer. Southwest closed with partial transfer. CSP has partial transfers and kept open (and now converted to FU).

Outstanding! Thank you very much.

Re: Combining Chase CL's

Anonymous — Mon, 07 Nov 2016 01:40:31 GMT

Good info in this thread.

Slightly off topic question here. If you apply for two Chase cards at the same time, do you get hit with double HPs or do they go off of one HP for the two accounts? From what I understand, Chase cards are rather slow growers and for the most part you have to take a HP in order to achieve a CLI. I'm wondering if an alternate strategy would be to apply for 2 Chase cards (the one you want and another than you don't really care about) and then transfer the limit from the one you don't want to the one you actually wanted. If the original app for the 2 cards didn't result in double pulls, this could save an inquiry... of course at the expense of having another account on your report that lowers your AAoA.

Re: Combining Chase CL's

Anonymous — Mon, 07 Nov 2016 02:15:22 GMT

Good points. I got the Slate mainly just for that reason. I'm going to transfer 1K on it and pay it off in two months and close it and take the CL on my FU.

Now I could have requested a HP for a CLI on my FU. I don't think they would give me a $6200 CLI. They are to stingy. So I went this route.

To answer your question, it would be 2 separate HP's for 2 apps. I asked that question before I applied for my offers on my dashboard.

Re: Combining Chase CL's

EdMan63 — Mon, 07 Nov 2016 15:03:44 GMT

Good anwers in this thead. I'm actually considering closing my CSP next year as we are getting a business card for most of my travel. I would like to transfer my limit to my Freedom which I will PC to a FU.

Re: Combining Chase CL's

newhis — Mon, 07 Nov 2016 15:38:13 GMT

@Ghoshida, great info. DW closed Freedom with no activity for more than 30 days, transfer the limit to CSP. All limit and Freedom report closed with the limit it had. I don't know if that matter much to other lenders. Maybe is worth the wait (30 days) to have a closed card with $3,000 limit than a $500. Don't really know.

@BrutalBodyShots, when my DW got her first Chase card ($500 limit), the banker told her that she can open another card in the future and transfer limits. I think that in her situation, it was better to wait to get other card and not apply for 2 cards with very low limits. So it depends on the profile. The HP will drop in 2 years, so for some is better to wait until you can have a SL high enough to be useful.

Re: Combining Chase CL's

Anonymous — Mon, 07 Nov 2016 21:26:45 GMT

@donny10 how did the partial transfer and close affect your credit? I just went that route as the rep said that's what I could do. I did it anyway as I don't need a csp and csr but now I'm seeing that other than a payment paid, I was within the 30 days (12 days early). I guess I could have waited as the card was just sitting with a zero balance

would it affect me adversely or is it somewhat the same as full transfer and close.

Re: Combining Chase CL's

Anonymous — Mon, 07 Nov 2016 22:51:54 GMT

I have not done anything yet, I was asking for advice. WHEN I do it will be a full transfer and close.

Re: Combining Chase CL's

BronzeTrader — Tue, 08 Nov 2016 13:37:35 GMT

Definitely you can. I've closed one of my Chase CC and transferred all the CL to the other card. I plna to do so and beef up my Sapphire CC. I have two Freedom cards, not used often.

Re: Combining Chase CL's

lhcole77 — Tue, 08 Nov 2016 14:03:16 GMT

@Anonymous wrote:
Good info in this thread.

Slightly off topic question here. If you apply for two Chase cards at the same time, do you get hit with double HPs or do they go off of one HP for the two accounts? From what I understand, Chase cards are rather slow growers and for the most part you have to take a HP in order to achieve a CLI. I'm wondering if an alternate strategy would be to apply for 2 Chase cards (the one you want and another than you don't really care about) and then transfer the limit from the one you don't want to the one you actually wanted. If the original app for the 2 cards didn't result in double pulls, this could save an inquiry... of course at the expense of having another account on your report that lowers your AAoA.

I app'ed for two cards, moments apart. I took one HP for both.

ETA: also transferred limits (for UTL purposes) easy peasy to take advantage of 0% balance transfer with $0 fee

Re: Combining Chase CL's

Anonymous — Tue, 08 Nov 2016 22:20:31 GMT

@lhcole77 wrote:

I app'ed for two cards, moments apart. I took one HP for both.

So it is possible then to grab two Chase cards and only receive a single HP. Good to know.

Re: Combining Chase CL's

Anonymous — Tue, 08 Nov 2016 23:26:06 GMT

Looks that way.

Re: Combining Chase CL's

lg8302ch — Tue, 08 Nov 2016 23:47:16 GMT

@Anonymous wrote:
@lhcole77 wrote:

I app'ed for two cards, moments apart. I took one HP for both.

So it is possible then to grab two Chase cards and only receive a single HP. Good to know.

If you are luck then yes. For me each and every card application for a Chase card resulted in a double pull on EX and EQ. Freedom was even a quad pull ! I did it 4 times and all 4 were double pulls. But it does not matter to me as EQ nobody but Chase is pulling for me... so at least I keep EQ pulls alive leveled out with my Chase apps

Re: Combining Chase CL's

Anonymous — Wed, 09 Nov 2016 02:43:17 GMT

I would definitely go with the double browser method and submit the apps 1-2 seconds apart max to give the best odds of the least amount of pulls.

Re: Combining Chase CL's

havoc — Sat, 12 Nov 2016 21:13:23 GMT

Applied on my laptop last monday night for CSR, 90% sure would be turned down for 5/24. But said "let's just see", HP on transunion (741 score) and 7-10 message, no surprise there. About 10 minutes later get on iphone and apply for Ritz, approved 28k, no additional HP. So even though I didn't get 2 cards with 1 HP, I actually applied for 2 with only 1 HP.