topic Re: Chase Bank in Credit Cards

Chase Bank

difringe — Thu, 03 Jan 2019 19:16:13 GMT

Got a dumb question...has anyone joined Chase as a credit card user, without a checking/savings account, then got a checking/savings account with Chase and experienced any sort of benefit as a card user? Like easier CLI, lower APRs, etc.? I would imagine they'd want you to use as many of their products as possible, so they'd entice you, but wasn't sure. Thanks!

Re: Chase Bank

Cred4All — Thu, 03 Jan 2019 19:39:09 GMT

@difringe wrote:
Got a dumb question...has anyone joined Chase as a credit card user, without a checking/savings account, then got a checking/savings account with Chase and experienced any sort of benefit as a card user? Like easier CLI, lower APRs, etc.? I would imagine they'd want you to use as many of their products as possible, so they'd entice you, but wasn't sure. Thanks!

I can't attest to getting any perks other than what the card offers, but I was not a Chase customer prior to applying for the CSR in August, 2018. I was approved, although have not received a CLI yet to date and the CSR is my only card currently with Chase.

Re: Chase Bank

Anonymous — Thu, 03 Jan 2019 20:10:12 GMT

You can join Chase without having a checking and savings account. Chase is very stingy in reducing APRs so remove that thought out of your head . However, having a relationship is good and as you build your profile, they will send offers.

For example, I have been with Chase for a long time and got an offer a couple of times become a Private Client by bringing $50k new money which usually is 250k. So there a perks to the relationship once you keep a good profile.

Re: Chase Bank

difringe — Thu, 03 Jan 2019 20:55:31 GMT

@Anonymous wrote:
You can join Chase without having a checking and savings account. Chase is very stingy in reducing APRs so remove that thought out of your head . However, having a relationship is good and as you build your profile, they will send offers.

For example, I have been with Chase for a long time and got an offer a couple of times become a Private Client by bringing $50k new money which usually is 250k. So there a perks to the relationship once you keep a good profile.

I see...I've been looking at their cards and don't care much for any of them at the moment (outside of the Amazon card I have), but I have heard Chase is one of the higher-regarded credit card companies, so I figured opening a checking account with them couldn't hurt. They have new account offers and such too, so I figure why not, you know?

Re: Chase Bank

Anonymous — Thu, 03 Jan 2019 21:21:53 GMT

@difringe wrote:
@Anonymous wrote:
You can join Chase without having a checking and savings account. Chase is very stingy in reducing APRs so remove that thought out of your head . However, having a relationship is good and as you build your profile, they will send offers.

For example, I have been with Chase for a long time and got an offer a couple of times become a Private Client by bringing $50k new money which usually is 250k. So there a perks to the relationship once you keep a good profile.
I see...I've been looking at their cards and don't care much for any of them at the moment (outside of the Amazon card I have), but I have heard Chase is one of the higher-regarded credit card companies, so I figured opening a checking account with them couldn't hurt. They have new account offers and such too, so I figure why not, you know?

Do it. It will be worth it as long as you are disciplined and don't go overboard.

Re: Chase Bank

Anonymous — Thu, 03 Jan 2019 21:52:55 GMT

@Anonymous wrote:
You can join Chase without having a checking and savings account. Chase is very stingy in reducing APRs so remove that thought out of your head . However, having a relationship is good and as you build your profile, they will send offers.

For example, I have been with Chase for a long time and got an offer a couple of times become a Private Client by bringing $50k new money which usually is 250k. So there a perks to the relationship once you keep a good profile.

You aren't kidding.

I have made several unsuccessful attempts to lower my APR with Chase. The last time after asking for a supervisor, I asked him "If I were to submit to HPs for a CLI, could I also be considered for a reduction off my APR?" No.

I noted my long history with Chase and understand a long time ago that I was probably barely approved. I told him that even though I PIF, just having that APR really bothers me. The lack of any increases of my CL really bothers me.

His response "Chase does account reviews and if you qualify for an APR reduction then we will notify you"

I chuckled when I responded "Well that may be the proper and official Chase response but I have never had any creditor call me voluntarily and say hey great news, we have decided to lower your APR"

He has been with Chase for 8 years and he recalled 1 time where that actually happened. Jokingly again I said "No doubt that person probably happened to deposit 500k in their checking account that morning.

So there you have it.

Even though I did not end up submitting to the HPs, I thought the guy I talked to was really cool. I just have to keep calling and maybe get the right person on the right day. My current APR is 25.24%

Re: Chase Bank

Anonymous — Thu, 03 Jan 2019 22:29:54 GMT

@Anonymous wrote:
@Anonymous wrote:
You can join Chase without having a checking and savings account. Chase is very stingy in reducing APRs so remove that thought out of your head . However, having a relationship is good and as you build your profile, they will send offers.

For example, I have been with Chase for a long time and got an offer a couple of times become a Private Client by bringing $50k new money which usually is 250k. So there a perks to the relationship once you keep a good profile.
You aren't kidding.

I have made several unsuccessful attempts to lower my APR with Chase. The last time after asking for a supervisor, I asked him "If I were to submit to HPs for a CLI, could I also be considered for a reduction off my APR?" No.

I noted my long history with Chase and understand a long time ago that I was probably barely approved. I told him that even though I PIF, just having that APR really bothers me. The lack of any increases of my CL really bothers me.

His response "Chase does account reviews and if you qualify for an APR reduction then we will notify you"
I chuckled when I responded "Well that may be the proper and official Chase response but I have never had any creditor call me voluntarily and say hey great news, we have decided to lower your APR"

He has been with Chase for 8 years and he recalled 1 time where that actually happened. Jokingly again I said "No doubt that person probably happened to deposit 500k in their checking account that morning.

So there you have it.

Even though I did not end up submitting to the HPs, I thought the guy I talked to was really cool. I just have to keep calling and maybe get the right person on the right day. My current APR is 25.24%

@Anonymous

I am there with you. Tried several times with no results but I am overall happy with them so letting it go. I think the APR is their goldmine when it comes to people who carry balances.

Re: Chase Bank

Anonymous — Thu, 03 Jan 2019 22:54:07 GMT

@Anonymous wrote:
@Anonymous wrote:
You can join Chase without having a checking and savings account. Chase is very stingy in reducing APRs so remove that thought out of your head . However, having a relationship is good and as you build your profile, they will send offers.

For example, I have been with Chase for a long time and got an offer a couple of times become a Private Client by bringing $50k new money which usually is 250k. So there a perks to the relationship once you keep a good profile.
You aren't kidding.

I have made several unsuccessful attempts to lower my APR with Chase. The last time after asking for a supervisor, I asked him "If I were to submit to HPs for a CLI, could I also be considered for a reduction off my APR?" No.

I noted my long history with Chase and understand a long time ago that I was probably barely approved. I told him that even though I PIF, just having that APR really bothers me. The lack of any increases of my CL really bothers me.

His response "Chase does account reviews and if you qualify for an APR reduction then we will notify you"
I chuckled when I responded "Well that may be the proper and official Chase response but I have never had any creditor call me voluntarily and say hey great news, we have decided to lower your APR"

He has been with Chase for 8 years and he recalled 1 time where that actually happened. Jokingly again I said "No doubt that person probably happened to deposit 500k in their checking account that morning.

So there you have it.

Even though I did not end up submitting to the HPs, I thought the guy I talked to was really cool. I just have to keep calling and maybe get the right person on the right day. My current APR is 25.24%

Your posting was most informative! Many questions that I have wondered on and never got answers too are now satisfied (became a Chase cardholder when they bought out several banks around 2006). Likely about all a person can do is apply for a new card and hope it reflects the best rates and possibly rearrange credit limits and close an unwanted account. In truth, that may not yield a card a person wants? Thanks!

Re: Chase Bank

jdbkiang — Thu, 03 Jan 2019 23:08:56 GMT

I always PIF as well, so I don't really pay attention to their relatively high APR's. Though I think I have 2 that are 17 or 18% which I feel is low for Chase. At the same time, their CL's are tied to your income. If I really wanted a higher limit, it's probably just easier to move credit around or even apply for a new card.

Re: Chase Bank

difringe — Fri, 04 Jan 2019 00:55:01 GMT

@Anonymous wrote:
@Anonymous wrote:
You can join Chase without having a checking and savings account. Chase is very stingy in reducing APRs so remove that thought out of your head . However, having a relationship is good and as you build your profile, they will send offers.

For example, I have been with Chase for a long time and got an offer a couple of times become a Private Client by bringing $50k new money which usually is 250k. So there a perks to the relationship once you keep a good profile.
You aren't kidding.

I have made several unsuccessful attempts to lower my APR with Chase. The last time after asking for a supervisor, I asked him "If I were to submit to HPs for a CLI, could I also be considered for a reduction off my APR?" No.

I noted my long history with Chase and understand a long time ago that I was probably barely approved. I told him that even though I PIF, just having that APR really bothers me. The lack of any increases of my CL really bothers me.

His response "Chase does account reviews and if you qualify for an APR reduction then we will notify you"
I chuckled when I responded "Well that may be the proper and official Chase response but I have never had any creditor call me voluntarily and say hey great news, we have decided to lower your APR"

He has been with Chase for 8 years and he recalled 1 time where that actually happened. Jokingly again I said "No doubt that person probably happened to deposit 500k in their checking account that morning.

So there you have it.

Even though I did not end up submitting to the HPs, I thought the guy I talked to was really cool. I just have to keep calling and maybe get the right person on the right day. My current APR is 25.24%

Really appreciate these responses; like you, I'm more of a PIF kind of guy, so the APR was more an example of a perk than a specific desire...kinda disappointing to see that they don't really give you an incentive to do more with them than use their credit cards. Guess that's what happens when you're already at or near the top, you really only care about higher-end clients. Once I've cycled through a few months of using this Amazon card, I might go for the Freedom, but honestly I'll probably just end up looking elsewhere for a card without an AF that combines the perks/incentives that I value the most with a propensity for giving decent CLs and CLIs

Edit: Freaking hilarious that even with scores of over 800, they wouldn't budge on the APR, it's like gimme a break lol

Re: Chase Bank

ridgebackpilot — Fri, 04 Jan 2019 04:22:12 GMT

I've been a Chase customer for years and now a Chase Private Client member. Even though I do lots of business with Chase, including checking, credit cards, JPMorgan retirement investments, and an auto loan, I've NEVER received a CLI or APR reduction from them! I did just get an APR reduction on my auto loan but only by submitting a refinance application and enduring a HP...

You would think that Chase would treat its best customers somewhat better. Heck, I have a much shallower relationship with AMEX and they treat me far better with soft-pull new cards and CLIs. Go figure!

Re: Chase Bank

Anonymous — Fri, 04 Jan 2019 11:40:39 GMT

I did double my CFU CL twice: one auto and one HP. As for the APR's though, I've had two different underwriters tell me "Chase does not do APR decreases." My CFU APR is the highest in the range, and my CF APR is the lowest in the range. Heh.

Re: Chase Bank

AverageJoesCredit — Fri, 04 Jan 2019 13:34:11 GMT

My personal opinion , is though i know Chase can be good for many with the right profile, they are overrated and i dont like how they seem to have a holier than thou arrogance when it c9mes to credit cards. Maybe too strong of words but not only do they want you to abide 5/24 and seems like they only think you should have their cards but now all their cards, cobranded and all apparently are 5/24. Lolwut!?. Sorry ,i truely understand trying to hold back churners or cc abusers but to me that just says our cards are exclusively for certain people. Nope, i can swipe just fine with sny other card without having to feel i need to walk on eggshells lol. Again, just my humble opinion . Where's @Anonymous?

Re: Chase Bank

UpperNwGuy — Fri, 04 Jan 2019 13:38:26 GMT

If you need to carry a balance, don't do it at Chase. Chase cards are about the rewards, not about low APRs.

Re: Chase Bank

Brian_Earl_Spilner — Fri, 04 Jan 2019 13:44:44 GMT

Chase doesn't care about relationships unless you're a private client and have a lot of money with them.

Re: Chase Bank

difringe — Fri, 04 Jan 2019 17:12:28 GMT

@Anonymous wrote:
I did double my CFU CL twice: one auto and one HP. As for the APR's though, I've had two different underwriters tell me "Chase does not do APR decreases." My CFU APR is the highest in the range, and my CF APR is the lowest in the range. Heh.

So from your signature, they approved you for $500, then doubled you twice? I'm not particularly concerned about having to do a hard pull for CLIs, but it's crazy to look at your Discover having a $10+ CL and Chase seeming so stingy.

Re: Chase Bank

difringe — Fri, 04 Jan 2019 17:13:27 GMT

@ridgebackpilot wrote:
I've been a Chase customer for years and now a Chase Private Client member. Even though I do lots of business with Chase, including checking, credit cards, JPMorgan retirement investments, and an auto loan, I've NEVER received a CLI or APR reduction from them! I did just get an APR reduction on my auto loan but only by submitting a refinance application and enduring a HP...

You would think that Chase would treat its best customers somewhat better. Heck, I have a much shallower relationship with AMEX and they treat me far better with soft-pull new cards and CLIs. Go figure!

Honestly, this makes me not even want to do anything with them other than the Amazon card. I think I'm going to open the checking account for the new account bonus, but I can't imagine doing all of that work with a bank and basically getting no perks, when there are so many banks to choose from.

Re: Chase Bank

ridgebackpilot — Fri, 04 Jan 2019 17:17:38 GMT

I suspect one reason Chase has never given me a CLI is that I've opened a number of cards with them, including two Ink Business Preferred cards. Chase counts the business cards (one of which has a $100K SL) as part of my total credit "exposure" with the bank. When I applied for the Amazon Prime VISA last year, I was initially denied because I had reached my exposure limit. I was able to get the card with a $10K SL upon recon, but it was pretty clear that despite my long and deep relationship with Chase, I've reached my current limit with them.

Re: Chase Bank

FinStar — Fri, 04 Jan 2019 17:49:39 GMT

@AverageJoesCredit wrote:
My personal opinion , is though i know Chase can be good for many with the right profile, they are overrated and i dont like how they seem to have a holier than thou arrogance when it c9mes to credit cards. Maybe too strong of words but not only do they want you to abide 5/24 and seems like they only think you should have their cards but now all their cards, cobranded and all apparently are 5/24. Lolwut!?. Sorry ,i truely understand trying to hold back churners or cc abusers but to me that just says our cards are exclusively for certain people. Nope, i can swipe just fine with sny other card without having to feel i need to walk on eggshells lol. Again, just my humble opinion . Where's @Anonymous?

But, AJC putting things in perspective outside of the forums, the vast majority of people do not go hogwild with applications or new accounts. So even though I have several CCs with Chase and may prevent me from getting any others due to the expanded 5/24 restriction, I can't say that I blame them. But, I don't see it as a "holier than though" mentality. It's really shareholders who drive a lot of these variables at the end of the day. If it were a non-profit organization, then I could see how that argument could stand on one leg ¯\_(ツ)_/¯.

It hasn't stopped people from applying with any of their products despite 5/24 😁

Re: Chase Bank

FinStar — Fri, 04 Jan 2019 17:54:41 GMT

@ridgebackpilot wrote:
I've been a Chase customer for years and now a Chase Private Client member. Even though I do lots of business with Chase, including checking, credit cards, JPMorgan retirement investments, and an auto loan, I've NEVER received a CLI or APR reduction from them! I did just get an APR reduction on my auto loan but only by submitting a refinance application and enduring a HP...

You would think that Chase would treat its best customers somewhat better. Heck, I have a much shallower relationship with AMEX and they treat me far better with soft-pull new cards and CLIs. Go figure!

I believe these things are periodic portfolio reviews and adjustments that are done behind the scenes to an extent. I'm CPC as well and a few years back they automatically lowered the APR on 2 previous legacy cards. So, while not many posts are celebratory around these parts with regard to automatic APR reductions, they do happen.