topic Re: The plan: Chase Freedom to Freedom Signature in Credit Cards

The plan: Chase Freedom to Freedom Signature

maiden_girl — Mon, 09 Sep 2013 00:58:39 GMT

I'm 200 away from a 5k line with Chase (currently 4.8k) to be eligble for a VISA Signature. My account will also be a year old next month--required age for visa siggy. I'm trying to get a CLI via soft pull but Chase wants to HP me for 200 bucks...suggested course of action?

Account currently has a 4k balance (0% APR)

Account in good standing

Opened 2012

CLs since opening: 3k >> 4.5k >> 4.8k >> auto CLIs

Thanks in advance!

Re: The plan: Chase Freedom to Freedom Signature

supervelous — Mon, 09 Sep 2013 01:08:44 GMT

I wouldn't want to waste a HP for $200 bucks. Might as well apply for another Chase Card like the CSP and then if you get approved move $200 over to the Freedom and ask to make it a Visa Signature?

I know they'll let you transfer limits, but from your sig it doesn't look like you have any other Chase Cards.

Re: The plan: Chase Freedom to Freedom Signature

creditnocash — Mon, 09 Sep 2013 01:11:43 GMT

you copying my plans

yeah idk i wouldnt waste a hardpull for 200 but ask high? i believe the counter.. someone else chime in..

im waiting till jan to ask for mine.

account will be 1.5 years. went 500-1000-1500 all auto cli. hoping as soon as i make this 1k payment theyll like that since my 0% period is ending in november.

Re: The plan: Chase Freedom to Freedom Signature

maiden_girl — Mon, 09 Sep 2013 01:11:52 GMT

Chase doesn't have any other cards that suit my needs. I really like the Freedom.

Re: The plan: Chase Freedom to Freedom Signature

maiden_girl — Mon, 09 Sep 2013 01:14:32 GMT

@creditnocash wrote:
you copying my plans

yeah idk i wouldnt waste a hardpull for 200 but ask high? i believe the counter.. someone else chime in..

im waiting till jan to ask for mine.
account will be 1.5 years. went 500-1000-1500 all auto cli. hoping as soon as i make this 1k payment theyll like that since my 0% period is ending in november.

Oooo. I just don't want to HP. LOL. They have been softing me all year. Haha. But I only want 200!! *jumps up and down impatiently*

Re: The plan: Chase Freedom to Freedom Signature

370Z — Mon, 09 Sep 2013 01:19:04 GMT

Personally, I'd just wait for another auto CLI and then try for the conversion. There's no guarantee that the conversion will be approved. I saw a post of someone with a 12k limit being denied. It would suck to waste a hard pull for a CLI and then be denied the conversion.

Re: The plan: Chase Freedom to Freedom Signature

koalablue — Mon, 09 Sep 2013 01:19:37 GMT

You might want to verify with Chase that they will change the card to a Visa Signature when you hit 5000. I have a 7000 credit limit on my Freedom and its not a Signature. It was a PC from another (non-signature) Chase card about a year ago though. Best of luck!

Re: The plan: Chase Freedom to Freedom Signature

09Lexie — Mon, 09 Sep 2013 01:53:07 GMT

^. Exactly!

A$5k CLI is no guarantee of signature status. Plus, even though you are on a 0% APR, your util is high. I'd suggest inquiring if your eligible before the HP

Re: The plan: Chase Freedom to Freedom Signature

maiden_girl — Mon, 09 Sep 2013 02:12:24 GMT

True. I'm probably at 90% usage with this card right now. Chase seems to only auto CLI when I carry a large balance tho. I'm gonna pay this balance off in two months tho. I will definitely call again. I called once before and they told me the only criteria was one year credit with their card and a 5k limit. Do they limit the number of VISA siggys they allow? Or is there a certain credit criteria they look for before they upgrade?

Re: The plan: Chase Freedom to Freedom Signature

supervelous — Mon, 09 Sep 2013 02:17:15 GMT

I wouldn't think Visa Signature would be something you need certain credit score or criteria to get. As far as I know, my profile was borderline, I was suprised to even get approved for the Freedom a few weeks ago, with only a high 600's Fico, and 27 lates on my credit report. And I got approved for a $5K Freedom Signature and a $6K CSP Signature. I had 2 cards with them, but they had limits of $250 & $300. I had those since 2006 and 2007 though and have had my checking with them for probably 4-5 years now, so that probably helped.

Re: The plan: Chase Freedom to Freedom Signature

maiden_girl — Mon, 09 Sep 2013 02:20:31 GMT

I do all my banking with Chase so that helped with inital CL when I first opened the account. At that point, my highest CL was probably 1500? I think. Lol.

Re: The plan: Chase Freedom to Freedom Signature

IcEWoLF — Mon, 09 Sep 2013 05:38:30 GMT

I have a regular CS with 2.2k limit that is a visa signature...

I wouldn't necessarely say 5k is a guaranteed upgrade to visa signature...best thing to do is to call them.

Re: The plan: Chase Freedom to Freedom Signature

Kenny — Mon, 09 Sep 2013 17:00:10 GMT

WOW @ Supervelous's comment. That's crazy. Guess I shouldn't garden so long to apply for CSP.. I could just go ahead and apply now. lol

I would apply for CSP when you are ready to try to make the Freedom a siggy and just transfer some limit from there. Might as well make the HP worth it. (As I highly doubt that your HP would be more than 5k on your Freedom which a CSP approval would mean at least 5k.)

edit: typo. LOL

Re: The plan: Chase Freedom to Freedom Signature

Anonymous — Mon, 09 Sep 2013 11:25:50 GMT

I've gone back and forth with this issue and just can't convince myself upgrading the Freedom and a CLI are worth an HP. My other cards grow with regular use or SPs so it's just not going to happen.

If it's really worth a temporary score dip and HP hanging around two years, pull the trigger.

As someone posted above: OP could apply for another Chase Product, move over some of the limit, and hope they will upgrade you to a signature account. Decreasing one's AAOA, another HP, and taking on an unwanted card seems like a pretty big commitment.

Re: The plan: Chase Freedom to Freedom Signature

youngandcreditwrthy — Mon, 09 Sep 2013 12:11:42 GMT

I started with a $5k cl on my freedom in 07/2012. It did not start out as a Signature even though I was told it was. I have called them twice iirc to inquire about getting it changed over to the Signature. One rep told me six months; that wasn't true; one rep toldme after a year; that isn't true.
The last rep whom I spoke with in the past week simply explained it wasn't possible ans that I'd need to app for a new card.
Really??!?
Chase is on my s*** list atm. -.-

Re: The plan: Chase Freedom to Freedom Signature

supervelous — Mon, 09 Sep 2013 14:12:48 GMT

@KennyS2006 wrote:
@Anonymous @ Supervelous's comment. That's crazy. Guess I shouldn't garden so long to apply for CSP.. I could just go ahead and apply now. lol

I would apply for CSP when you are ready to try to make the Freedom a siggy and just transfer some limit from their. Might as well make the HP worth it. (As I highly doubt that your HP would be more than 5k on your Freedom which a CSP approval would mean at least 5k.)

you're telling me, I agree. I had just been denied an increase from Cap 1 on a $300 limit on 8/14/13, and had never been approved for a prime credit card in my life to this point. My FICOs were all 680-690 range, and on various FAKO's I was given an F or D for "Payment History" because of my 27 lates.

That's why I'm confused now about the whole signature thing. They gave me 2 Visa Signatures within about 24 hours. And all my limits prior were below $1,000 except for an Express Credit Card at $1,700. I kept apping, getting instantly approved for $5K, $6K, $8,500, then finally $2K AMEX. For the CSP they did pull both my TU and Experian though.

The only things I can think of are even with my 27 lates, none in 2013, 2 in 2012 but none on credit cards so no credit card lates in probably 2+ years. Good debt to income ($5k or so total debt, $75K income). No credit card balances, prior relationship with Chase of 5 years or so.

Re: The plan: Chase Freedom to Freedom Signature

TheConductor — Mon, 09 Sep 2013 16:39:36 GMT

@maiden_girl wrote:
Chase doesn't have any other cards that suit my needs. I really like the Freedom.

I think the Sapphire Preferred meets the needs of anyone who uses the Freedom heavily. The 1:1 points transfer with partners significantly increases the value of your UR points, and you only get that benefit with the Preferred.

Re: The plan: Chase Freedom to Freedom Signature

Themanwhocan — Mon, 09 Sep 2013 16:47:52 GMT

@youngandcreditwrthy wrote:
I started with a $5k cl on my freedom in 07/2012. It did not start out as a Signature even though I was told it was. I have called them twice iirc to inquire about getting it changed over to the Signature. One rep told me six months; that wasn't true; one rep toldme after a year; that isn't true.
The last rep whom I spoke with in the past week simply explained it wasn't possible ans that I'd need to app for a new card.
Really??!?
Chase is on my s*** list atm. -.-

Then where is the application for the Signature version? The agent's suggestion doesn't make sense unless they could tell you where to aply for the Freedom Signature version.

Re: The plan: Chase Freedom to Freedom Signature

Anonymous — Mon, 09 Sep 2013 16:53:26 GMT

@TheConductor wrote:
@maiden_girl wrote:
Chase doesn't have any other cards that suit my needs. I really like the Freedom.
I think the Sapphire Preferred meets the needs of anyone who uses the Freedom heavily. The 1:1 points transfer with partners significantly increases the value of your UR points, and you only get that benefit with the Preferred.

Well, probably not everyone. I think a lot of people, who presumably don't do a lot of travelling, use Freedom as a pure cashback card, using the 5% categories, and, with a chase checking account, getting a 10% bonus at the end of the year and an extra card isn't that appealing.

Of course, those who can should get it anyway for the $400 sign up, even if they cancel/downgrade after the first year.

Re: The plan: Chase Freedom to Freedom Signature

maiden_girl — Mon, 09 Sep 2013 16:58:19 GMT

@Anonymous wrote:
@TheConductor wrote:
@maiden_girl wrote:
Chase doesn't have any other cards that suit my needs. I really like the Freedom.
I think the Sapphire Preferred meets the needs of anyone who uses the Freedom heavily. The 1:1 points transfer with partners significantly increases the value of your UR points, and you only get that benefit with the Preferred.

Well, probably not everyone. I think a lot of people, who presumably don't do a lot of travelling, use Freedom as a pure cashback card, using the 5% categories, and, with a chase checking account, getting a 10% bonus at the end of the year and an extra card isn't that appealing.

Of course, those who can should get it anyway for the $400 sign up, even if they cancel/downgrade after the first year.

I don't travel alot so the CSP wouldn't benefit me at all. And I can't justify spending 95 a year for the CSP...I use Chase Freedom purely for cashback b/c I redeem my UR points on purchases and earn even more points to use for future purchases or statement credits. And since I have a checking relationship with them...I get 10%.