topic Re: Chase CL Reallocation in Credit Cards

Chase CL Reallocation

mgood — Sun, 30 Apr 2023 16:40:39 GMT

A minor adjustment, partly just to see how this works and partly because the $10.9k bugged me a little bit. I called and asked them to take $100 off of the $12.7k CSP, making it $12.6k and adding the $100 to the $10.9k CFF, making it an even $11k.

A cheerful rep took care of it quickly. "No problem at all. It's your credit to use where you want it." (I called the number on the back of the CSP because the Sapphire line purportedly gets quicker service than the standard line.)

Re: Chase CL Reallocation

Aim_High — Sun, 30 Apr 2023 21:51:56 GMT

Congrats on your successful move to counteract that OCD (lol ) and thanks for that report, @mgood. (No, I don't like those odd numbers either!) I do appreciate my lenders such as Chase and Bank of America that make moving credit lines among cards rather easy.

Re: Chase CL Reallocation

fury1995 — Sun, 30 Apr 2023 22:55:21 GMT

@mgood wrote:
A minor adjustment, partly just to see how this works and partly because the $10.9k bugged me a little bit. I called and asked them to take $100 off of the $12.7k CSP, making it $12.6k and adding the $100 to the $10.9k CFF, making it an even $11k.

A cheerful rep took care of it quickly. "No problem at all. It's your credit to use where you want it." (I called the number on the back of the CSP because the Sapphire line purportedly gets quicker service than the standard line.)

Congrats!

Now... if they can make that CSP an even $20K....

Re: Chase CL Reallocation

mgood — Mon, 01 May 2023 00:02:05 GMT

@fury1995 wrote:

Congrats!

Now... if they can make that CSP an even $20K....

Thanks. That's kinda what I was hoping for when I applied. When I got the CFF in 2021, it was my highest CL. But when I applied for the CSP, I had other cards with much higher limits and was hoping it would be up there with them. So . . . I got approved. I got approved for a high enough limit that I could have gotten a CSR instead if I wanted it (and I had been considering it). But it wasn't quite as high a limit as I'd hoped for. Still a win, and a good win, but not the blowout win I was hoping it would be. If I could get the CSP up around $18k and the CFF around $12K, I'd be good with that - $30k total exposure with Chase where I'm currently at $23.6k. I'll just keep hitting them up for more every chance I get until then, lol. CLI requests are now SP, and there's still the old standby of getting another Chase card later then moving limits around. This was mostly just testing the waters to see how the process works.

Re: Chase CL Reallocation

Aim_High — Mon, 01 May 2023 00:45:44 GMT

@mgood wrote:
... and there's still the old standby of getting another Chase card later then moving limits around.

+1. I recommend this strategy. If spend is not high on Chase cards, you may never get as high TCL with them as opposed to the credit limit consolidation technique. This is how I ended up with $144,400 TCL with Chase on personal and business cards.

Re: Chase CL Reallocation

mgood — Mon, 01 May 2023 00:59:32 GMT

@Aim_High do they let you consolidate if they are not just core cards? Like a Chase Amazon card or a Chase Marriot card? I've never seen details on what can be consolidated. Are there limits on this? Or is it a free-for-all? I have read that you might have to leave a little on a card so you might lose some. Like a CSP has a $5k minimum CL, so you might not be able to go below that. (Not that I plan to get rid of my CSP. I'm just using that as an example.) I can certainly see the Amazon and a Marriot (don't know which one) in my future. But I could see later on thinking "I'm not really using this much. Maybe I can consolidate this credit with something I do use and get rid of it." Or they give me a $10k limit on the Amazon card and I really only spend a few hundred bucks a year, outside of maybe a new computer once in a blue moon, and I think moving $5k of that over to the CSP would make that Sapphire look real pretty.

Re: Chase CL Reallocation

Aim_High — Mon, 01 May 2023 01:33:33 GMT

@mgood wrote:
@Aim_High do they let you consolidate if they are not just core cards? Like a Chase Amazon card or a Chase Marriot card? I've never seen details on what can be consolidated. Are there limits on this? Or is it a free-for-all? I have read that you might have to leave a little on a card so you might lose some. Like a CSP has a $5k minimum CL, so you might not be able to go below that. (Not that I plan to get rid of my CSP. I'm just using that as an example.) I can certainly see the Amazon and a Marriot (don't know which one) in my future. But I could see later on thinking "I'm not really using this much. Maybe I can consolidate this credit with something I do use and get rid of it." Or they give me a $10k limit on the Amazon card and I really only spend a few hundred bucks a year, outside of maybe a new computer once in a blue moon, and I think moving $5k of that over to the CSP would make that Sapphire look real pretty.

With both Chase and AMEX, you can move limits around but the main stipulations are how, when, and if you can move limits between business and personal cards. With Chase, I don't believe you can ever move credit between business or personal, in either direction. However, you can move business-to-business and personal-to-personal, whether core cards or cobrands. AMEX allows personal-to-personal, business-to-business, and personal-to-business. But the last one is permanent. You can't ever reverse limits from business-to-personal.

At one point, AMEX had rules about how long an account had to be open before moving limits. (Previous data points for 13 months and 60 days.) However, according to Doctor of Credit, these policies aren't being enforced. I bring this up because I'm not sure if there is such a stipulation with Chase. I've never tried to move a CL on a young Chase card. AMEX does have a restriction reported on DoC that only (one) rellocation can be done every (30) days. Again, I'm not aware of any related Chase restriction.

I've never tried to go below that $5K Visa Signature threshold while leaving a card open, but I believe that could be a factor. However, you don't have to leave $5K on that card if you CLOSE it. And I've closed several Chase cards over the years.

The credit limit you have to surrender to a closed Chase/AMEX card varies but is usually $500 or $1000 from my experience. (TIP I found that if I was planning to close a Chase card and wanted to reallocate the FULL credit limit, leaving it 100% idle (no charges, payments, or postings of AFs) for at least six months allowed me to close a card and move the entire limit. YMMV.

There's no need to worry about having "too much" credit with Chase before applying for a new card, thereby volunteering for a CLD. If you apply for a card and Chase would approve it otherwise, they will simply reallocate limits automatically. (AMEX did this to me also.) After the new card approval, you're free to reallocate the way you choose.

Re: Chase CL Reallocation

mgood — Mon, 01 May 2023 02:10:46 GMT

Thanks for the details. Most of this I kind of knew, just from hanging around here and reading bits and pieces from different posts, but didn't ever see that all put together.

Re: Chase CL Reallocation

coldfusion — Mon, 01 May 2023 13:07:48 GMT

While you cannot be approved for a CSP with less than $5K SL or CSR with less than $10K SL Chase will allow you to reallocate enough limit from an existing card to drop the CL below those thresholds.

Re: Chase CL Reallocation

mgood — Tue, 02 May 2023 18:22:34 GMT

@mgood wrote:
@fury1995 wrote:

Now... if they can make that CSP an even $20K....
That's kinda what I was hoping for when I applied. . . .
If I could get the CSP up around $18k and the CFF around $12K, I'd be good with that. . . .

I could do that now. The SL on the new Amazon Prime Rewards is about what I was hoping to get when I applied for the Sapphire Preferred.

Where I had $11k CFF + $12.6k CSP = $23.6k,

Now I have another $21.3k from the Amazon card to play with for a total of $44.9k I can distribute any way I want among those three cards.
I'm giving it some thought, but I'll probably wait for the dust to settle before I bug them any more. I'm still afraid someone is going to realize that they put a decimal in the wrong place when they approved that card, lol.

Re: Chase CL Reallocation

mgood — Sat, 29 Jul 2023 22:45:33 GMT

This morning I called to ask if I could move $1500 off of my Amazon Prime Rewards limit and add that amount to my Freedom Flex limit. At first she seemed happy to help and then came back and said they couldn't move it across from Visa to Mastercard. That didn't seem right since I just did exactly that when I first started this thread, moved part of the limit off my CSP Visa to my CFF Mastercard. I suspected that the real reason might be that they wouldn't rob the limit from an Amazon account to keep Amazon happy. (Or possibly because I called the Sapphire line to move limits between two cards, neither of which were Sapphires, but that seems unlikely.) @Aim_High

So just now I called back and asked to transfer limits from the Amazon Prime Visa to the Sapphire Preferred Visa. She said I could move a maximum of $20,000 off the Amazon Prime Rewards. (That would have brought that Visa Signature down to $1300.) I moved $4900

$21,300 - 4,900 = $16,400 Amazon Prime Rewards

$12,600 + 4,900 = $17,500 Sapphire Preferred

She said it was effective immediately and I logged out and logged back in to the Chase website and confirmed that it reflects the new limits correctly.

At some point in the future, I'll call back and see if I can move part of that off the CSP to the CFF to bring the CFF up around $12.5k like I tried this morning. I use the Freedom Flex a lot more than the other two.

Re: Chase CL Reallocation

brilliantadventure — Sat, 29 Jul 2023 23:38:24 GMT

@mgood just sharing a DP in case it's helpful - I was approved for a CFF yesterday with a low limit, then sent a secured message to Chase requesting to move $4,000 from my Amazon card to my CFF. They processed the request within a few hours, no issues. Maybe you'll have better results requesting the reallocation via SM?

Re: Chase CL Reallocation

mgood — Sun, 30 Jul 2023 02:15:38 GMT

@brilliantadventure wrote:
@mgood just sharing a DP in case it's helpful - I was approved for a CFF yesterday with a low limit, then sent a secured message to Chase requesting to move $4,000 from my Amazon card to my CFF. They processed the request within a few hours, no issues. Maybe you'll have better results requesting the reallocation via SM?

I'm thinking the rep I spoke to this morning was confused or misinformed.

I previously moved $100 limit from my Sapphire Preferred Visa Signature to my Freedom Flex World Elite Mastercard back in April, mostly just to see how it worked, but partly to get more of a round number. (See original post in this thread.) That lady said "No problem at all. It's your credit to use where you want it." But this morning a rep told me they couldn't move credit lines from a Visa to a MC? Either the policy has changed very recently, or she is mistaken.

Re: Chase CL Reallocation

Aim_High — Sun, 30 Jul 2023 02:15:08 GMT

@mgood wrote:
This morning I called to ask if I could move $1500 off of my Amazon Prime Rewards limit and add that amount to my Freedom Flex limit. At first she seemed happy to help and then came back and said they couldn't move it across from Visa to Mastercard. That didn't seem right since I just did exactly that when I first started this thread, moved part of the limit off my CSP Visa to my CFF Mastercard. I suspected that the real reason might be that they wouldn't rob the limit from an Amazon account to keep Amazon happy. (Or possibly because I called the Sapphire line to move limits between two cards, neither of which were Sapphires, but that seems unlikely.) @Aim_High

So just now I called back and asked to transfer limits from the Amazon Prime Visa to the Sapphire Preferred Visa. She said I could move a maximum of $20,000 off the Amazon Prime Rewards. (That would have brought that Visa Signature down to $1300.) I moved $4900
$21,300 - 4,900 = $16,400 Amazon Prime Rewards
$12,600 + 4,900 = $17,500 Sapphire Preferred
She said it was effective immediately and I logged out and logged back in to the Chase website and confirmed that it reflects the new limits correctly.

At some point in the future, I'll call back and see if I can move part of that off the CSP to the CFF to bring the CFF up around $12.5k like I tried this morning. I use the Freedom Flex a lot more than the other two.
= = = = = = = = = = = = = = = = = = = =
@mgood wrote:
@brilliantadventure wrote:
@mgood just sharing a DP in case it's helpful - I was approved for a CFF yesterday with a low limit, then sent a secured message to Chase requesting to move $4,000 from my Amazon card to my CFF. They processed the request within a few hours, no issues. Maybe you'll have better results requesting the reallocation via SM?
I'm thinking the rep I spoke to this morning was confused or misinformed.
I previously moved $100 limit from my Sapphire Preferred Visa Signature to my Freedom Flex World Mastercard back in April, mostly just to see how it worked, but partly to get more of a round number. (See original post in this thread.) That lady said "No problem at all. It's your credit to use where you want it." But this morning a rep told me they couldn't move credit lines from a Visa to a MC? Either the policy has changed very recently, or she is mistaken.

Thanks for the tag, @mgood. That's interesting as I've never run into an issue over the Visa-Mastercard when transferring limits. However, I agree with your assessment that the representative was probably mistaken unless this is a brand new restriction. Perhaps she was confusing the issue with a product-change between those two, as I'm unsure if Chase allows a change from, say, a CFF MC to a CFU VS. I'd suggest HUCA - hang up call again.

It's only recently with my IHG card that I got a Mastercard with Chase. Chase moved credit limits off two of my VISA accounts (Sapphire Reserve and Freedom Unlimited) in the process of approving a new $50K limit. Then, I just posted about moving some of that credit back to Sapphire Reserve from the IHG Mastercard. Like my other CL reallocations, that was done over the phone and I ran into no problems. So while I've never reallocated (TO) a Chase Mastercard, it would seem to be possible to interchange credit between the two.

By the way, the other issue with several lenders including Chase and AMEX with CL reallocations is the restrictions on business and personal lines. I don't believe Chase EVER allows movement of credit between business and personal cards, only personal-to-personal and business-to-business. AMEX allows movement from personal-to-personal; business-to-business; and allows a ONE TIME irreversible transfer of credit from personal (TO) business.

Re: Chase CL Reallocation

reluctantgarden — Sun, 30 Jul 2023 02:29:56 GMT

@mgood wrote:
A minor adjustment, partly just to see how this works and partly because the $10.9k bugged me a little bit. I called and asked them to take $100 off of the $12.7k CSP, making it $12.6k and adding the $100 to the $10.9k CFF, making it an even $11k.

A cheerful rep took care of it quickly. "No problem at all. It's your credit to use where you want it." (I called the number on the back of the CSP because the Sapphire line purportedly gets quicker service than the standard line.)

I wholeheartedly endorse this OCD-mitigation strategy that I have used with Chase as well

Re: Chase CL Reallocation

reluctantgarden — Sun, 30 Jul 2023 02:33:19 GMT

@mgood wrote:
@mgood wrote:
@fury1995 wrote:

Now... if they can make that CSP an even $20K....
That's kinda what I was hoping for when I applied. . . .
If I could get the CSP up around $18k and the CFF around $12K, I'd be good with that. . . .
I could do that now. The SL on the new Amazon Prime Rewards is about what I was hoping to get when I applied for the Sapphire Preferred.

Where I had $11k CFF + $12.6k CSP = $23.6k,
Now I have another $21.3k from the Amazon card to play with for a total of $44.9k I can distribute any way I want among those three cards.
I'm giving it some thought, but I'll probably wait for the dust to settle before I bug them any more. I'm still afraid someone is going to realize that they put a decimal in the wrong place when they approved that card, lol.

Awesome. I think I did that when I got recent unexpectedly approved CLIs from Disco, lol.

Re: Chase CL Reallocation

mgood — Sun, 30 Jul 2023 02:36:11 GMT

@Aim_High wrote:

Thanks for the tag, @mgood. That's interesting as I've never run into an issue over the Visa-Mastercard when transferring limits. However, I agree with your assessment that the representative was probably mistaken unless this is a brand new restriction. Perhaps she was confusing the issue with a product-change between those two, as I'm unsure if Chase allows a change from, say, a CFF MC to a CFU VS. I'd suggest HUCA - hang up call again.

I tagged you because you and I were discussing this upthread and you gave me a bunch of useful info on the subject. Thought you might be interested in the DP. Yes, HUCA was my first instinct, but I decided to let it percolate in my head for a while before calling back and trying a slightly different approach.

And now that you mention possible PC restrictions, I remember that when I first told her I wanted to reallocate credit limits, she said that what I wanted to do was not reallocation but consolidation. I didn't give that much thought at the time. I didn't care what they called it if I got what I wanted. Now I'm wondering if she just pushed the wrong button.

I plan to call back in a month or so and see if I can move $1500 from the Sapphire Preferred to the Freedom Flex.

That would make it CFF $12.5k, CSP $16k, Amazon $16.4k.

That's still probably double what I need on an Amazon card, but whatever. If I plan an African safari or something, maybe I'll move another $4k-8k to the CSP.

Re: Chase CL Reallocation

NoHardLimits — Sun, 30 Jul 2023 08:41:16 GMT

@Aim_High wrote:
Thanks for the tag, @mgood. That's interesting as I've never run into an issue over the Visa-Mastercard when transferring limits. However, I agree with your assessment that the representative was probably mistaken unless this is a brand new restriction. Perhaps she was confusing the issue with a product-change between those two, as I'm unsure if Chase allows a change from, say, a CFF MC to a CFU VS. I'd suggest HUCA - hang up call again.

Replying to add a data point... Chase allowed a product change from Freedom Flex Mastercard to Freedom Unlimited Visa back in April for my sister-in-law.

Re: Chase CL Reallocation

NoHardLimits — Sun, 30 Jul 2023 13:39:02 GMT

@NoHardLimits wrote:
@Aim_High wrote:
Thanks for the tag, @mgood. That's interesting as I've never run into an issue over the Visa-Mastercard when transferring limits. However, I agree with your assessment that the representative was probably mistaken unless this is a brand new restriction. Perhaps she was confusing the issue with a product-change between those two, as I'm unsure if Chase allows a change from, say, a CFF MC to a CFU VS. I'd suggest HUCA - hang up call again.

Replying to add a data point... Chase allowed a product change from Freedom Flex Mastercard to Freedom Unlimited Visa back in April for my sister-in-law.

Replying again to add a second data point... Chase also allowed me to product change my OG Freedom Visa to a Freedom Flex Mastercard in January, so it looks like PCs were permitted in both directions earlier this year.