topic Re: CSP to CSR product change - pull/criteria? in Credit Cards

CSP to CSR product change - pull/criteria?

expatCanuck — Fri, 21 Dec 2018 16:41:30 GMT

Hi folks -

CSP anniversary next week. Scores are significantly higher than a year ago. The only items worse in my profile are INQs and AAoA (in my signature). In the context of a CSP to CSR product change request, would Chase care about any of that?

Also, assuming that I'm okay with an inquiry, would it be an opportune time to request a CLI?

Re: CSP to CSR product change - pull/criteria?

Anonymous — Fri, 21 Dec 2018 16:43:53 GMT

I don't know the anwser, I just want to tag on one question:

if after 1 year with CSP, I am still at 5/24, will Chase do PC to CSR?

Re: CSP to CSR product change - pull/criteria?

expatCanuck — Fri, 21 Dec 2018 16:46:12 GMT

My understanding is 'yes', since it's a product change, not a new account / line of credit, and there's no SUB.

Re: CSP to CSR product change - pull/criteria?

xaximus — Fri, 21 Dec 2018 16:48:21 GMT

I would say you should be fine for doing a CLI but also, I would update the income portion in Chase's website. I would see if you can do the CLI and then request a PC to CSR. Keep in mind, you won't get any SUBs. I believe the CSR has a minimum 5k/10k requirement as well. (correct me if I'm wrong).

Re: CSP to CSR product change - pull/criteria?

Stralem — Fri, 21 Dec 2018 17:17:51 GMT

The only requirement is that your CSP have a credit limit of at least $10,000, which is the minimum for a CSR. The upgrade is pretty seemless from there. You even keep the same card number.

If you don't have $10k on the CSP, you'll have to ask for a CLI first or reallocate available credit from any other Chase cards you may have. Or, since Chase isn't known for granting generous limit increases, you can do what I did and apply for a new card, immediately call in to cancel it and reallocate the new limit to the CSP. More bang for the HP, in my opinion.

Re: CSP to CSR product change - pull/criteria?

sjt — Fri, 21 Dec 2018 19:04:37 GMT

@Anonymous wrote:
I don't know the anwser, I just want to tag on one question:

if after 1 year with CSP, I am still at 5/24, will Chase do PC to CSR?

Yes because you are only product changing not opening a new account.

Re: CSP to CSR product change - pull/criteria?

wasCB14 — Fri, 21 Dec 2018 19:21:32 GMT

@Stralem wrote:
The only requirement is that your CSP have a credit limit of at least $10,000, which is the minimum for a CSR. The upgrade is pretty seemless from there. You even keep the same card number.

If you don't have $10k on the CSP, you'll have to ask for a CLI first or reallocate available credit from any other Chase cards you may have. Or, since Chase isn't known for granting generous limit increases, you can do what I did and apply for a new card, immediately call in to cancel it and reallocate the new limit to the CSP. More bang for the HP, in my opinion.

Why cancel it immediately? It would seem more practical, for anyone who spends and travels enough to get a CSR/CSP, to meet the minimum spend on the new card and get the bonus...and then perhaps reallocate some CL or close the new card.

Re: CSP to CSR product change - pull/criteria?

expatCanuck — Fri, 21 Dec 2018 19:27:27 GMT

In my case, I'm 8/24 (8/12, more accurately), and will not qualify for a new Chase card 'til at least a year from now -- but it makes sense to upgrade to CSR as soon as I'm able. And, if memory serves, I don't believe I could get a SUB on a second Sapphire product anyway.

Re: CSP to CSR product change - pull/criteria?

sjt — Fri, 21 Dec 2018 19:27:34 GMT

@expatCanuck wrote:
I'm 8/24 -- not gonna qualify for a new Chase card 'til at least a year from now -- but it makes sense to upgrade to CSR as soon as I'm able. And, if memory serves, I don't believe I could get a SUB on a second Sapphire product.

You are correct that you will not be eligible for a SUB, so your best bet is to do a product change.

Re: CSP to CSR product change - pull/criteria?

Anonymous — Fri, 21 Dec 2018 19:29:46 GMT

@expatCanuck wrote:
In my case, I'm 8/24 (8/12, more accurately), and will not qualify for a new Chase card 'til at least a year from now -- but it makes sense to upgrade to CSR as soon as I'm able. And, if memory serves, I don't believe I could get a SUB on a second Sapphire product anyway.

yeah, chase only gvie sub every 4 years.

Re: CSP to CSR product change - pull/criteria?

Stralem — Fri, 21 Dec 2018 20:21:15 GMT

@wasCB14 wrote:
@Stralem wrote:
The only requirement is that your CSP have a credit limit of at least $10,000, which is the minimum for a CSR. The upgrade is pretty seemless from there. You even keep the same card number.

If you don't have $10k on the CSP, you'll have to ask for a CLI first or reallocate available credit from any other Chase cards you may have. Or, since Chase isn't known for granting generous limit increases, you can do what I did and apply for a new card, immediately call in to cancel it and reallocate the new limit to the CSP. More bang for the HP, in my opinion.
Why cancel it immediately? It would seem more practical, for anyone who spends and travels enough to get a CSR/CSP, to meet the minimum spend on the new card and get the bonus...and then perhaps reallocate some CL or close the new card.

Also an option, very true.

In my case, I simply did not want any other Chase cards outside of the CSR and couldn't be arsed to chase (harr) another bonus.

Re: CSP to CSR product change - pull/criteria?

ridgebackpilot — Fri, 21 Dec 2018 21:52:16 GMT

I PC'd my CSP to the CSR a couple of years ago. It was one of the best things I ever did with my Chase cards!

As others have said, if your CSP doesn't have $10K or more SL, then you can move SL over from your other Chase cards, if any.

No trouble doing this at all. This path is a great one, especially for those who are over 5/24 or for some other reason cannot get approved for the CSR outright.

Re: CSP to CSR product change - pull/criteria?

K-in-Boston — Sat, 22 Dec 2018 00:08:58 GMT

Your card supports the PC and they won't look at anything credit related for the PC other than if your credit line support the card. It's quick and painless, just call the number on the back of your card. It'll change to a CSR in your account within 24 hours and you'll earn 3x on travel and dining immediately. Card number stays the same, you'll get a prorated refund of your CSP AF and from my experience this year it will be months before you get dinged for the CSR AF, although your travel credit is available immediately.

As for the CLI, it's always quite YMMV. I don't think it matters if you do it before or after, however from previous bad experiences (that resulted in me getting 7 Freedom/Freedom Unlimited cards from Chase in a 2 day span all with the same card number LOL) I would caution you to do this in two calls, not one. Chase Sapphire CSRs are wonderful, but multitasking is not a strong point.

Re: CSP to CSR product change - pull/criteria?

CreditCuriosity — Sat, 22 Dec 2018 00:54:41 GMT

@K-in-Boston wrote:
Your card supports the PC and they won't look at anything credit related for the PC other than if your credit line support the card. It's quick and painless, just call the number on the back of your card. It'll change to a CSR in your account within 24 hours and you'll earn 3x on travel and dining immediately. Card number stays the same, you'll get a prorated refund of your CSP AF and from my experience this year it will be months before you get dinged for the CSR AF, although your travel credit is available immediately.

As for the CLI, it's always quite YMMV. I don't think it matters if you do it before or after, however from previous bad experiences (that resulted in me getting 7 Freedom/Freedom Unlimited cards from Chase in a 2 day span all with the same card number LOL) I would caution you to do this in two calls, not one. Chase Sapphire CSRs are wonderful, but multitasking is not a strong point.