topic Re: Closing a chase card after one year? in Credit Cards

Closing a chase card after one year?

Anonymous — Sat, 20 May 2017 18:27:03 GMT

So I opened up a SW premier to get the bonus ofcourse, the AF isn't horrible with all the points we get it's a pretty even trade off and I do fly SW almost exclusively. However, I have way too many Ur points than I can use at this point so I'm not sure if it's worth it to keep the SW.

Does anyone know if calling up and closing the SW/ asking for a retention offer(which are seemingly plentiful) hurt my relationship with chase? Full disclosure (I do intend on opening up a CSP in September when my first from two years ago rolls off)

Re: Closing a chase card after one year?

DeeBee78 — Sat, 20 May 2017 19:07:50 GMT

@Anonymous wrote:
So I opened up a SW premier to get the bonus ofcourse, the AF isn't horrible with all the points we get it's a pretty even trade off and I do fly SW almost exclusively. However, I have way too many Ur points than I can use at this point so I'm not sure if it's worth it to keep the SW.

Does anyone know if calling up and closing the SW/ asking for a retention offer(which are seemingly plentiful) hurt my relationship with chase? Full disclosure (I do intend on opening up a CSP in September when my first from two years ago rolls off)

Asking for a retention offer doesn't hurt your realtionship with the lender. It's not like someone is going to put a note on your account that says, "We waived the AF on this one, so don't let them have more accounts with us."

Also, if you're going to close it, transfer the limit to another Chase card before you do. No reason to let good credit go to waste.

Re: Closing a chase card after one year?

bourgogne — Sat, 20 May 2017 19:24:34 GMT

I have way too many Ur points than I can use at this point so I'm not sure if it's worth it to keep the SW.

OK, I'll bite .. define too many UR points please. If you have not flown JFK > DXB R/T on Emirates then you don't have enough miles lol

Re: Closing a chase card after one year?

Anonymous — Mon, 22 May 2017 05:04:29 GMT

Lol the key part is more than I can use. Might not be as many for SOME people, but I'm at 180k points right now, and I probably get anywhere from 2-5k per month ( I'm all in on UR). I probably have enough for about 3/4 solid trips right now based on where/how I fly, and like I said earlier, I plan on getting a CSP again later this year to give me enough for another trip or 2

Re: Closing a chase card after one year?

red259 — Mon, 22 May 2017 05:49:11 GMT

@Anonymous wrote:
So I opened up a SW premier to get the bonus ofcourse, the AF isn't horrible with all the points we get it's a pretty even trade off and I do fly SW almost exclusively. However, I have way too many Ur points than I can use at this point so I'm not sure if it's worth it to keep the SW.

Does anyone know if calling up and closing the SW/ asking for a retention offer(which are seemingly plentiful) hurt my relationship with chase? Full disclosure (I do intend on opening up a CSP in September when my first from two years ago rolls off)

I wouldn't spend a lot of time worrying about Chase's feelings. Call and ask if there is an offer on your account. If not and the card does not have value for you just close it. Don't pay chase money for a product you don't need. That would just be foolish,

Re: Closing a chase card after one year?

red259 — Mon, 22 May 2017 05:52:29 GMT

@Anonymous wrote:
Lol the key part is more than I can use. Might not be as many for SOME people, but I'm at 180k points right now, and I probably get anywhere from 2-5k per month ( I'm all in on UR). I probably have enough for about 3/4 solid trips right now based on where/how I fly, and like I said earlier, I plan on getting a CSP again later this year to give me enough for another trip or 2

I made some recent redemptions and I am down to around 170k Chase URs and I'm getting nervous so I don't know what you are talking about having too many. If you want to hand some out I will put them to good use. I hope you aren't planning to sit on all those points for a prolonged period of time, because things have a way of becoming devalued.

Re: Closing a chase card after one year?

Anonymous — Mon, 22 May 2017 06:11:56 GMT

Right. Like I said, more than 'I CAN' use. I only have so much vacation time a year, I could care less about travelling first class or anything but wanna get away fares. Before my next big trip I'll be around 240k points at minimum after the CSP, and that will take care of trips .... Realistically probably until early/mid 2019. While 170k may be nothing for some people who travel on higher end airlines/value....Or from places with expensive tickets to/from. That's quite a few trips.
Fwiw since 2015(and maybe before that) SW points haven't changed more than 10 cents, still at a strong 1.65 or so last I checked. I'm sure some places change, what I use them for hasn't drastically. And even if they did, nothing I can do about it, I don't have trips for a while, and worst case they're cashed out for equal value.

Not worried about Chase's feelings at all. Worried about any sort of AA when I may try to reallocate credit lines/ they decide I am what they term a 'churner' because I closed a card that Id realistically never used beyond the bonus. It's Chase's world, I just live in it and travel for free.

Re: Closing a chase card after one year?

red259 — Mon, 22 May 2017 06:39:47 GMT

@Anonymous wrote:
Right. Like I said, more than 'I CAN' use. I only have so much vacation time a year, I could care less about travelling first class or anything but wanna get away fares. Before my next big trip I'll be around 240k points at minimum after the CSP, and that will take care of trips .... Realistically probably until early/mid 2019. While 170k may be nothing for some people who travel on higher end airlines/value....Or from places with expensive tickets to/from. That's quite a few trips.
Fwiw since 2015(and maybe before that) SW points haven't changed more than 10 cents, still at a strong 1.65 or so last I checked. I'm sure some places change, what I use them for hasn't drastically. And even if they did, nothing I can do about it, I don't have trips for a while, and worst case they're cashed out for equal value.

Not worried about Chase's feelings at all. Worried about any sort of AA when I may try to reallocate credit lines/ they decide I am what they term a 'churner' because I closed a card that Id realistically never used beyond the bonus. It's Chase's world, I just live in it and travel for free.

You don't have hotel stays? I like to use Chase URs for hyatt stays. You could stay at some nice properties if they cover your destinations. Can use them for marriott as well but that is a poorer redemption rate.

Re: Closing a chase card after one year?

Anonymous — Mon, 22 May 2017 06:52:00 GMT

Depends on where the trip is. I have friends where I normally visit, but also have a friend who works for Marriott and I receive a discount and unfortunately unless I'm missing something when I book the hotel's, it's never let me use points for employee redemptions

Re: Closing a chase card after one year?

Anonymous — Mon, 22 May 2017 18:45:31 GMT

Can you donate your miles/UR points? You could buy someone else a ticket which would be very nice. The points don't have to go to waste. It's graduation season. Perhaps a plane ticket for a new grad? Heck you could even fly them first class so they get to experience it even if it's something you don't value. You have a very good number of points, but I wouldn't say you have too many. You can put them to good use and dwindle down that number easily.

Re: Closing a chase card after one year?

Anonymous — Mon, 22 May 2017 19:13:23 GMT

Thanks for the advice but not trying to get rid of my points... Not sure where that comes from. I'm a college student myself, so I'll keep my points for my own use thank you. I'm not a high roller by any means, I just use my points wisely.

Re: Closing a chase card after one year?

Anonymous — Mon, 22 May 2017 21:08:56 GMT

Sorry. It initially read as though you wanted to get rid of the card because you were getting too many points.

No one can tell you what Chase is going to think. Can't say if you'll be viewed as a churner. I'd guess, however, if this is the only card you are closing after one year you'd likely not get assessed as a bad risk. Just don't make a habit of it.

Re: Closing a chase card after one year?

bourgogne — Tue, 23 May 2017 00:52:40 GMT

@Anonymous wrote:
Lol the key part is more than I can use. Might not be as many for SOME people, but I'm at 180k points right now, and I probably get anywhere from 2-5k per month ( I'm all in on UR). I probably have enough for about 3/4 solid trips right now based on where/how I fly, and like I said earlier, I plan on getting a CSP again later this year to give me enough for another trip or 2

more than you can use now - now being the operative word here. you dont know your future, nobody does. the # you have is fine but its = to what an ink and old csr yielded so not that much in the grand scheme of things. chase could care less what you do but I would always recommend getting another card and moving the line if possible. by the time you app for the csp I am sure there will be a nice csr part 2 available