topic Re: Holy AMEX! Bye Chase! in Credit Cards

Holy AMEX! Bye Chase!

Anonymous — Tue, 14 Aug 2018 00:32:26 GMT

It has been a while since I have posted but a lot has happened in my profile. Despite having 770+ scores I said goodbye to my Chase cards after they were involuntarily shut down, but I was planning on closing them anyway. Previously I was not such a fan of Amex but after a cross country trip during which I was exclusivley using my Amex Green just to stretch its legs I was surprised to log in and see them increasing my Pay over Time limit to $30k from $1k! I don't plan on using this feature but at least they are showing me they are willing to grow from their previous stance.

Is this sort of increase normal? Should I be expecting more offers from them in the future?

Re: Holy AMEX! Bye Chase!

Anonymous — Mon, 13 Aug 2018 20:16:59 GMT

@Anonymous wrote:
It has been a while since I have posted but a lot has happened in my profile. Despite having 770+ scores I said goodbye to my Chase cards after they were involuntarily shut down, but I was planning on closing them anyway. Previously I was not such a fan of Amex but after a cross country trip during which I was exclusivley using my Amex Green just to stretch its legs I was surprised to log in and see them increasing my Pay over Time limit to $30k from $1k! I don't plan on using this feature but at least they are showing me they are willing to grow from their previous stance.

Is this sort of increase normal? Should I be expecting more offers from them in the future?

How long have you had your card? Did you update your income information? My POT as been 35k since I enabled it. It is a relatively new feature so I am not sure if there are many data points on this topic. Maybe after a little time and good spending and payment history they release the line restriction.

Re: Holy AMEX! Bye Chase!

Anonymous — Mon, 13 Aug 2018 20:23:22 GMT

@Anonymous wrote:
It has been a while since I have posted but a lot has happened in my profile. Despite having 770+ scores I said goodbye to my Chase cards after they were involuntarily shut down, but I was planning on closing them anyway. Previously I was not such a fan of Amex but after a cross country trip during which I was exclusivley using my Amex Green just to stretch its legs I was surprised to log in and see them increasing my Pay over Time limit to $30k from $1k! I don't plan on using this feature but at least they are showing me they are willing to grow from their previous stance.

Is this sort of increase normal? Should I be expecting more offers from them in the future?

How do you check this?

Re: Holy AMEX! Bye Chase!

Anonymous — Mon, 13 Aug 2018 20:26:06 GMT

@Anonymous wrote:
@Anonymous wrote:
It has been a while since I have posted but a lot has happened in my profile. Despite having 770+ scores I said goodbye to my Chase cards after they were involuntarily shut down, but I was planning on closing them anyway. Previously I was not such a fan of Amex but after a cross country trip during which I was exclusivley using my Amex Green just to stretch its legs I was surprised to log in and see them increasing my Pay over Time limit to $30k from $1k! I don't plan on using this feature but at least they are showing me they are willing to grow from their previous stance.

Is this sort of increase normal? Should I be expecting more offers from them in the future?

How do you check this?

On your account landing page right next to the transactions, under the useful links: "Pay Charges Over Time."

Re: Holy AMEX! Bye Chase!

Anonymous — Mon, 13 Aug 2018 21:07:32 GMT

I have had the card just over 6 months, it didn't ask me to update income info and if anything it has gone up since time of approval. I had been in the $1k bucket forever with Amex and it was the reason I closed my Everday card with them as I was sick of the low limit and my profile deserved higher.

Perhaps they took notice I closed all but one card with them and tried to win me back?

Re: Holy AMEX! Bye Chase!

Anonymous — Mon, 13 Aug 2018 21:09:18 GMT

@Anonymous wrote:
. It is a relatively new feature so I am not sure if there are many data points on this topic. Maybe after a little time and good spending and payment history they release the line restriction.

POT is not a new feature on charge cards, been available for a long time (as compared to Plan It on ccs which is much newer)

Re: Holy AMEX! Bye Chase!

Anonymous — Mon, 13 Aug 2018 21:20:21 GMT

@Anonymous wrote:
@Anonymous wrote:
. It is a relatively new feature so I am not sure if there are many data points on this topic. Maybe after a little time and good spending and payment history they release the line restriction.
POT is not a new feature on charge cards, been available for a long time (as compared to Plan It on ccs which is much newer)

That is my bad then I think I got them confused. I remember some marketing gimmick last year sometime for it saying pay for charges without interest, but the finance charges are rolled into the fixed payments.

Re: Holy AMEX! Bye Chase!

Anonymous — Mon, 13 Aug 2018 22:19:01 GMT

@Tydawg:

1) where have you been?

2) are you going to share why Chase closed your account(s)?

3) where are your USAA cards????

That is all.

Re: Holy AMEX! Bye Chase!

Anonymous — Mon, 13 Aug 2018 22:58:24 GMT

sorry to hear that , how long you had your chase , which one is it , whats your SL , did you call why they close your account ?

Congrats on amex side by the way

Re: Holy AMEX! Bye Chase!

Platinum25 — Mon, 13 Aug 2018 23:44:23 GMT

Does the Platinum card have the POT option as well?

Re: Holy AMEX! Bye Chase!

morgacj2004 — Tue, 14 Aug 2018 00:07:51 GMT

I cant disagree with your thinking. CHASE has been miserable to deal with for those of us who still have BK reporting while AX has opened its doors to me ever since I passed the 5 year mark.

Re: Holy AMEX! Bye Chase!

kerplunk — Tue, 14 Aug 2018 00:14:19 GMT

Pro tip:

It's usually best to not burn bridges in life; banks are no exception. Chase is the largest bank in the United States.

Re: Holy AMEX! Bye Chase!

morgacj2004 — Tue, 14 Aug 2018 00:16:16 GMT

Simply being the largest bank does not by any means make it the best. There is life before and after Chase.

Re: Holy AMEX! Bye Chase!

Anonymous — Tue, 14 Aug 2018 00:35:42 GMT

@Platinum25 wrote:
Does the Platinum card have the POT option as well?

Yes, it does if your account is eligible.

Re: Holy AMEX! Bye Chase!

Platinum25 — Tue, 14 Aug 2018 00:57:08 GMT

What makes an account "eligible" for that feature?

Re: Holy AMEX! Bye Chase!

Anonymous — Tue, 14 Aug 2018 02:57:10 GMT

why were your Chase accounts involuntarily shut down? i recently opened 2 accounts with them and dont want to make any mistakes

Re: Holy AMEX! Bye Chase!

Anonymous — Tue, 14 Aug 2018 02:58:41 GMT

I got an e-mail regarding my PRG on May 30th that the Select and Pay feature which includes Pay Over Time would be available to me on July 19th. I haven’t used that feature yet but it’s there if I ever need it. My account was about 5 months old at the time.

Re: Holy AMEX! Bye Chase!

Anonymous — Tue, 14 Aug 2018 03:50:36 GMT

@Anonymous wrote:
@Anonymous:

1) where have you been?
2) are you going to share why Chase closed your account(s)?
3) where are your USAA cards????

That is all.

Aw missed y'all too.

1. Absorbed with Masters classes still have 2 more years left of that, and just completed a multi-week cross-country road trip from WA state to Missouri. Went through Disney, Palm Springs, it was great.

2. Chase sent me a letter unprompted and with no application or CLI request on my part saying they were closing my account because they thought I opened too many accounts (SMH). I think it also had something to do with that I completely stopped using the $30k limit I had with them.

3. Still have my USAA Amex Plus its just my emergency back up/gas tracker expense card that I had them lower the limit to $1k since I keep it in my car. I didn't want to tarnish my other cards with a toy limit in my sig.

Re: Holy AMEX! Bye Chase!

Anonymous — Tue, 14 Aug 2018 03:57:35 GMT

@kerplunk wrote:
Pro tip:

It's usually best to not burn bridges in life; banks are no exception. Chase is the largest bank in the United States.

While I appreciate the sentiment in my opinion when it comes to personal transactions, burn me once and I don't give a second chance. What Chase did was completely uncalled for IMO, and the fact that they sent a letter rather than calling shows they don't care, which is fine but I will not do business with them again.

I have been very hard on Amex in the past mainly after they sent me a 4506-T a few years back and I closed all of my account after I refused to fill that out, in that scenario the situation was different, they offered me the opportunity to leave the cards open I just chose not to do their paperwork etc. We (Amex and I) decided to give each other another chance this year and things appear to have turned a new leaf, we shall see how things develop.

I have also changed how I use my credit cards, rather than be a constant churner for points and sign up bonus I am now comfortable enough with my financial situation that I would rather sit back and maybe get a bonus or too here and there but remain with a streamlined wallet of cards that serve a purpose. Rather than hunting for a high total credit limit. No disrespect to Churners/card collectors I just feel the need to lay low now.

Re: Holy AMEX! Bye Chase!

bodyboy1 — Tue, 14 Aug 2018 06:41:01 GMT

@Platinum25 wrote:
Does the Platinum card have the POT option as well?

> Yes! as well as Gold (PRG)

It is Offered to you, Usually between 60/90 days, However.. (IMO) not everyone is offered.

for instance, in some cases.. if you are a previous Cardholder and close an Account to avoid an Annual fee, Amex (IMO) remembers things and penalizes, by Not giving you POT/ or by Making you Wait/ or offering it to you "later"

and imo not everyone gets $30/$35k.

and POT is not New.