topic Re: Chase: Full Transfer and Close, then PC in Credit Cards

Chase: Full Transfer and Close, then PC

VanderSnoot — Sat, 15 Jun 2019 23:06:54 GMT

I have:

CFU (2017) - $19k/17.24%
CF (2019) - $21.6k/27.24%

I want:

CF (2017) - $40.6k/17.24%

My plan next year is to request a full transfer and close, transferring the CL of the CF to the CFU and then closing the CF. Once that goes through, I'll PC the CFU to the CF. Does that sound right? Any tips?

Re: Chase: Full Transfer and Close, then PC

Remedios — Sat, 15 Jun 2019 23:41:42 GMT

@VanderSnoot wrote:
I have:
CFU (2017) - $19k/17.24%
CF (2019) - $21.6k/27.24%
I want:
CF (2017) - $40.6k/17.24%
My plan next year is to request a full transfer and close, transferring the CL of the CF to the CFU and then closing the CF. Once that goes through, I'll PC the CFU to the CF. Does that sound right? Any tips?

I'm assuming you meant to say you want to keep CFU, because you have contradictory info up there in your post.

If you're not using it, you can close or you move all but $500.00 and leave it alone in case you decide you want to go down the CSP/CSR road at some point.

Re: Chase: Full Transfer and Close, then PC

CramEiko — Sat, 15 Jun 2019 23:43:22 GMT

Try it. It's the older card of the 2. I wanted to do something like that. I had gone from CSP to CF.... at a bleh 21% bleh. Then Chase sent me a CFU pre approval at 17%. I took the bait and rolled my CL from my CF to my CFU and closed my CF. I don't have the same length of history. However, I have a lower APR and no longer fighting the category spend with CF.

Re: Chase: Full Transfer and Close, then PC

VanderSnoot — Sat, 15 Jun 2019 23:55:52 GMT

It's not contradictory @Remedios (which isn't to say it's possible). I'd like to keep the CFU's advantageous history and APR but PC it to a CF with the combined limits. However, your point of keeping open the second card as a potential CSR upgrade is valid, in which case I'd end up with:

CF (2019) - $40.1k/27.24%
CFU (2017) - $0.5k/17.24%

Re: Chase: Full Transfer and Close, then PC

Remedios — Sun, 16 Jun 2019 00:02:12 GMT

@VanderSnoot wrote:
It's not contradictory @Remedios (which isn't to say it's possible). I'd like to keep the CFU's advantageous history and APR but PC it to a CF with the combined limits. However, your point of keeping open the second card as a potential CSR upgrade is valid, in which case I'd end up with:

CF (2019) - $40.1k/27.24%
CFU (2017) - $0.5k/17.24%

You're absolutely right, I missed the PC part later on.

Seeing how neurotic Chase can be with rules and approvals, I'd keep that placeholder card.

Re: Chase: Full Transfer and Close, then PC

VanderSnoot — Sun, 16 Jun 2019 00:12:51 GMT

@Remedios wrote:
Seeing how neurotic Chase can be with rules and approvals, I'd keep that placeholder card.

Are there benefits to moving the limits around? Part of my thinking behind combining limits was that it makes it more likely that other issuers will go above $25k, but I'm not sure that's actually true. My spend will not require even the current limits.

Re: Chase: Full Transfer and Close, then PC

kdm31091 — Sun, 16 Jun 2019 00:21:09 GMT

@VanderSnoot wrote:
@Remedios wrote:
Seeing how neurotic Chase can be with rules and approvals, I'd keep that placeholder card.
Are there benefits to moving the limits around? Part of my thinking behind combining limits was that it makes it more likely that other issuers will go above $25k, but I'm not sure that's actually true. My spend will not require even the current limits.

I don't think issuers tend to really "match limits" as much as we sometimes may think. It really is decided by your income and profile at the time of application, based on each issuer's individual policies. I wouldn't worry too much about combining limits to make a large limit just for the sake of future apps, especially when your spend doesn't warrant it anyway.

Re: Chase: Full Transfer and Close, then PC

Remedios — Sun, 16 Jun 2019 00:25:02 GMT

@VanderSnoot wrote:
@Remedios wrote:
Seeing how neurotic Chase can be with rules and approvals, I'd keep that placeholder card.
Are there benefits to moving the limits around? Part of my thinking behind combining limits was that it makes it more likely that other issuers will go above $25k, but I'm not sure that's actually true. My spend will not require even the current limits.

I really never noticed "matching". Some have been pretty consistent at approving me with limits that would be considered "high" and some others could not give a dingy ding about what my other limits are.

I think that has more to do with individual profile and whatever internal criteria they are using than anything else.

Re: Chase: Full Transfer and Close, then PC

VanderSnoot — Sun, 16 Jun 2019 10:42:19 GMT

Will having a higher limit make a difference within Chase if/when I PC to CSP/CSR if my goal is to get both cards above $25k?

I.e. is it better that they see this:

CF - $21.6k
CFU - $19k --> PC to CSP/R and request CLI

or this:

CF - $40.1k
CFU - $0.5k --> PC to CSP/R and request CLI

Re: Chase: Full Transfer and Close, then PC

coldfusion — Sun, 16 Jun 2019 12:07:50 GMT

@VanderSnoot wrote:
Will having a higher limit make a difference within Chase if/when I PC to CSP/CSR if my goal is to get both cards above $25k?

I.e. is it better that they see this:
CF - $21.6k
CFU - $19k --> PC to CSP/R and request CLI
or this:
CF - $40.1k
CFU - $0.5k --> PC to CSP/R and request CLI

Chase focuses on total exposure vs. gross income with a nod to DTI, so don't worry about trying to be overly creative with your credit limits. This isn't a senario where you're looking to create a crowbar for use with other issuers.

Odds of $50K total exposure are going to be greater if your If your gross income is > $125K/yr.

Not saying it hasn't been done but I've never heard of a Chase CLI request being handled in tandem with a PC.

Given the senarios you outline, assuming you aren't over 5/24 or if you have a Just For You offer, you might as well consider just applying for the card you want. You'd take a HP in either case, and if denied for the new card you'd be able to recon by offering to transfer CL from one of your existing cards.

Re: Chase: Full Transfer and Close, then PC

Anonymous — Sun, 16 Jun 2019 14:58:08 GMT

I think you're over thinking the whole idea. Put the CL where you will use it and then park the 2nd card for future PC ability if you so desire. As to CSP/R you're better off applying than PCing due to the bonuses attached to them.

PC = no bonus