topic Re: Moving chase credit lines in Credit Cards

Moving chase credit lines

red259 — Sun, 12 Feb 2017 19:17:07 GMT

I've never done this other than when opening a new card. I'm going to be closing my hyatt card and it has a large credit line. I would like to keep as much of that credit as possible. What is the best method of moving credit from one chase card to another (calling in, online messages, etc)? Can I move credit to multiple cards? Are there any rules? Like I want to move some credit to my new CSR since Im not happy with a 10k credit line, does the receiving card need to be open for a period of time? Anything I need to be mindful of?

Re: Moving chase credit lines

credit_is_crack — Sun, 12 Feb 2017 19:33:09 GMT

@red259 wrote:
I've never done this other than when opening a new card. I'm going to be closing my hyatt card and it has a large credit line. I would like to keep as much of that credit as possible. What is the best method of moving credit from one chase card to another (calling in, online messages, etc)? Can I move credit to multiple cards? Are there any rules? Like I want to move some credit to my new CSR since Im not happy with a 10k credit line, does the receiving card need to be open for a period of time? Anything I need to be mindful of?

I've moved credit between cards at least 5 times in the last 2 years with chase. each time i just send an email via secure message on chase.com. you'll get that auto reply of "we're sending your request to the appropriate department" and in about 2-3 days they complete it. I have noticed in the last month though an increase in posts where people have done this (like they have in the past) and get an AA notice instead??? Not sure whats prompting Chase to do that or what seems to be flagging those account holders, but they've closed out the requested card AND reduced lines on other cards. I had not seen that from Chase before so I'd be mindful of asking to move multiple lines around at this given time..of course YMMV. hope that helps

Re: Moving chase credit lines

Anonymous — Sun, 12 Feb 2017 19:40:23 GMT

I called to transfer my Slate line to my Freedom Unlimited. Spoke to a CSR for a total of 3 minutes. Hung up and looked on line and my Freedom had the Slates credit line and Slate was closed per my request.

Took a total of less than 10 minutes and it was all set.

Re: Moving chase credit lines

red259 — Sun, 12 Feb 2017 19:45:19 GMT

@credit_is_crack wrote:
@red259 wrote:
I've never done this other than when opening a new card. I'm going to be closing my hyatt card and it has a large credit line. I would like to keep as much of that credit as possible. What is the best method of moving credit from one chase card to another (calling in, online messages, etc)? Can I move credit to multiple cards? Are there any rules? Like I want to move some credit to my new CSR since Im not happy with a 10k credit line, does the receiving card need to be open for a period of time? Anything I need to be mindful of?
I've moved credit between cards at least 5 times in the last 2 years with chase. each time i just send an email via secure message on chase.com. you'll get that auto reply of "we're sending your request to the appropriate department" and in about 2-3 days they complete it. I have noticed in the last month though an increase in posts where people have done this (like they have in the past) and get an AA notice instead??? Not sure whats prompting Chase to do that or what seems to be flagging those account holders, but they've closed out the requested card AND reduced lines on other cards. I had not seen that from Chase before so I'd be mindful of asking to move multiple lines around at this given time..of course YMMV. hope that helps

I only saw one post where someone said they had AA doing this and in that case if I recall correctly there was a lot of stuff going on with that person that would have raised flags. Were there other posts of others going through the same thing? How many?

Re: Moving chase credit lines

Discover2016 — Sun, 12 Feb 2017 21:11:54 GMT

@red259 wrote:
@credit_is_crack wrote:
@red259 wrote:
I've never done this other than when opening a new card. I'm going to be closing my hyatt card and it has a large credit line. I would like to keep as much of that credit as possible. What is the best method of moving credit from one chase card to another (calling in, online messages, etc)? Can I move credit to multiple cards? Are there any rules? Like I want to move some credit to my new CSR since Im not happy with a 10k credit line, does the receiving card need to be open for a period of time? Anything I need to be mindful of?
I've moved credit between cards at least 5 times in the last 2 years with chase. each time i just send an email via secure message on chase.com. you'll get that auto reply of "we're sending your request to the appropriate department" and in about 2-3 days they complete it. I have noticed in the last month though an increase in posts where people have done this (like they have in the past) and get an AA notice instead??? Not sure whats prompting Chase to do that or what seems to be flagging those account holders, but they've closed out the requested card AND reduced lines on other cards. I had not seen that from Chase before so I'd be mindful of asking to move multiple lines around at this given time..of course YMMV. hope that helps
I only saw one post where someone said they had AA doing this and in that case if I recall correctly there was a lot of stuff going on with that person that would have raised flags. Were there other posts of others going through the same thing? How many?

My sister also got CLD/AA from Chase because she secure messaged them to move some limits around. This happened last year. She had at the time around 30k of revolving debt, 39% overall util and like 7 inquiries in last 12mo. She reduced debt to like 2k, no inquiries in last 12mo and util at less than 10% and Chase restored her limits. I would only advise moving limits with Chase if inquiries are low to none in last 12mo and most balances $0 and overall util low (<10%)

Re: Moving chase credit lines

kdm31091 — Sun, 12 Feb 2017 21:54:19 GMT

If there's anything in your profile that would cause concern (high inqs, high util, whatever) then it's advisable not to call or SM and ask to move limits because you're just basically asking for an account review which may not end in your favor. Moving limits is basically a CLI as far as the lender is concerned and they want to make sure everything is in good (risk free for them) shape before they honor your request.

So if your util is low and such you should be fine, but utilize common sense. If you have, say, three maxed out cards, I'd wait. I assume this does not apply to you.

Re: Moving chase credit lines

red259 — Sun, 12 Feb 2017 23:27:28 GMT

@kdm31091 wrote:
If there's anything in your profile that would cause concern (high inqs, high util, whatever) then it's advisable not to call or SM and ask to move limits because you're just basically asking for an account review which may not end in your favor. Moving limits is basically a CLI as far as the lender is concerned and they want to make sure everything is in good (risk free for them) shape before they honor your request.

So if your util is low and such you should be fine, but utilize common sense. If you have, say, three maxed out cards, I'd wait. I assume this does not apply to you.

Yea I don't have any accounts maxed out and have two inqs in the past six months. Since I am closing the card anyway the alternative would be to lose over 21k in credit., so I am not sure how much they would be likely to decrease my limits compared to what I would lose otherwise.

Re: Moving chase credit lines

elim — Sun, 12 Feb 2017 23:43:50 GMT

With that 808 EX score, I don't see any AA in your near future with Chase. GL, I Closed 2 Chase cards and moved 3 limits late last year with no problem (740 EX).

If you have had recent spend on the card you are closing, you are on hold. There needs to be 1 statement with 0 use before they will move the entire limit. Sometimes you can move everything but $500 (ymmv).

ETA: I called and it was instant and painless.

Re: Moving chase credit lines

red259 — Mon, 13 Feb 2017 01:34:36 GMT

@elim wrote:
With that 808 EX score, I don't see any AA in your near future with Chase. GL, I Closed 2 Chase cards and moved 3 limits late last year with no problem (740 EX).

If you have had recent spend on the card you are closing, you are on hold. There needs to be 1 statement with 0 use before they will move the entire limit. Sometimes you can move everything but $500 (ymmv).

ETA: I called and it was instant and painless.

I haven't spent on the card recently but I did have the AF just hit my card.

Re: Moving chase credit lines

Anonymous — Mon, 13 Feb 2017 02:59:05 GMT

I was able to move CL from my Hyatt card to my FU via secure message and did not run into any problems.

Re: Moving chase credit lines

red259 — Mon, 13 Feb 2017 03:52:12 GMT

@Anonymous wrote:
I was able to move CL from my Hyatt card to my FU via secure message and did not run into any problems.

Can I PC a hyatt card to a FU? I was going to PC one of my other cards to FU but it might just be easier to do that for the hyatt card if its an option. Anyone know?

Re: Moving chase credit lines

noobody — Mon, 13 Feb 2017 04:29:51 GMT

as i read all those post, SM to chase, message will be forward to landing for account review every time, if you have nothing to worry about your account with chase, you can do it this way. By calling chase to move CL, some front line CSR will do it for you instantly, some will forward you to lending Dept.also,at that time,if you feel uncomfortable, you can simply hang up, and deal with it later. I talked to lending people, it was quite painless, got it done in less than a minute.

Re: Moving chase credit lines

red259 — Mon, 13 Feb 2017 23:14:17 GMT

Bah just got a letter from Chase today that they took 10k from my hyatt card to open up the CSR, so I might just ask to see if they can move as much of the rest as possible over to the CSR and close out the hyatt. I am clearly at my ceiling with Chase. I have an ink card with an AF that just hit that I may close since I have two ink cards, so that should free up 10k for a future app.

Re: Moving chase credit lines

CreditCuriosity — Mon, 13 Feb 2017 23:44:32 GMT

I have called many times in the last 6 months and have cards PCed along with limits moved around many times without issues.. Granted I have alot of inquires and meh scores and meh reports, but only about 500 balance on CC's when doing so and a fairly high income. Pretty sure utilization and DTI plays a huge role wehther or not they look into CL reallocation as an issue or not and whether it is painless or becomes an issue.

Re: Moving chase credit lines

red259 — Sat, 18 Feb 2017 20:00:51 GMT

So I called chase and closed my hatt card. There were no retention offers and I already got credited the annual free night so I saw no reason to hold the card for a third year. They would not PC it to anything and out of the 11k credit that was left on the card they would only move over 2k and change, which was a bit annoying. Still in a way I guess its ok because it lowers my available credit with chase and should help in a few months when I reapply with chase for a new hyatt card. .