topic Re: Chase Amazon Closed in Credit Cards

Chase Amazon Closed

Shock — Tue, 12 Aug 2014 01:52:44 GMT

Moved my 1400 over to the Freedom. They didn't require leaving 500 on the card to close it. Does anybody know their policy when it comes to that? It sounds like it's only for higher llimit cards...

Re: Chase Amazon Closed

trumpet-205 — Tue, 12 Aug 2014 02:01:59 GMT

@Shock wrote:
Moved my 1400 over to the Freedom. They didn't require leaving 500 on the card to close it. Does anybody know their policy when it comes to that? It sounds like it's only for higher llimit cards...

To move the entire CL, the card must not have any activity for at least 30 days.

Re: Chase Amazon Closed

Shock — Tue, 12 Aug 2014 02:25:12 GMT

Hmmmm..I had a recurring charge 7/15 on there, well before the 30 day rule. Any idea?

Re: Chase Amazon Closed

370Z — Tue, 12 Aug 2014 18:09:01 GMT

I helped close a family member's card with no activity for more than 90 days, and Chase still required $500 to be left on it. So 30 or 90 days is not a steadfast rule.

Re: Chase Amazon Closed

Tony275 — Tue, 12 Aug 2014 20:38:13 GMT

Might have to do this to my Freedom from my Amazon Visa!

Re: Chase Amazon Closed

Ghoshida — Tue, 12 Aug 2014 21:19:08 GMT

Chase's credit consolidation policy as emailed to me by their CSR through secure message:

During a full line consolidation, one account will be closed and its credit line amount will be added to the credit line of the remaining open account. During a partial line consolidation, one account will be reduced by a portion of its credit line and that amount will be added to the other account number.

For an account to be eligible for line consolidation, the following set of conditions must be met:

- Both accounts must be open at the time of the request. An open account cannot be consolidated with a closed account.

- Neither account can be overlimit or past due.

- To consolidate an entire credit line, the account to be closed must have a zero balance and no activity for at least one month. The account that is to be closed will have its credit line decreased to zero.

- The entire existing credit line of the closed account must be added to the existing credit line of the remaining account.

- If the account you intend to close has had activity within the last month you will have the option to move a partial credit line amount if the account meets the criteria.

Hope it helps.

Re: Chase Amazon Closed

Closingracer99 — Tue, 12 Aug 2014 21:40:34 GMT

@Ghoshida wrote:
Chase's credit consolidation policy as emailed to me by their CSR through secure message:

During a full line consolidation, one account will be closed and its credit line amount will be added to the credit line of the remaining open account. During a partial line consolidation, one account will be reduced by a portion of its credit line and that amount will be added to the other account number.

For an account to be eligible for line consolidation, the following set of conditions must be met:

- Both accounts must be open at the time of the request. An open account cannot be consolidated with a closed account.

- Neither account can be overlimit or past due.

- To consolidate an entire credit line, the account to be closed must have a zero balance and no activity for at least one month. The account that is to be closed will have its credit line decreased to zero.

- The entire existing credit line of the closed account must be added to the existing credit line of the remaining account.

- If the account you intend to close has had activity within the last month you will have the option to move a partial credit line amount if the account meets the criteria.

Hope it helps.

Do you know if you can say for Example have a $4,500 Chase sapphire you are planning to close. Can I move $1,500 to the Freedom and then say move $3,000 to my Marriott card?

Re: Chase Amazon Closed

iCoop — Tue, 12 Aug 2014 23:38:22 GMT

I would like to know that as well.

But I also wonder if I should even close my Chase Amazon card. I don't use it at all but it has a $2K credit line that I could move over to my Chase IHG card which I use like a debit card and currently has a $10.8K limit. This would keep utilization lower depending on when the card reports to credit bureaus each month.

And then again in a year I will more than likely call to change my CSP to a regular CS and consolidate some of this cards $12K CL to my IHG as well. I won't close it but I will drop it down to about $7K and move the other $5K to my IHG card as well.

Unless someone has better suggestions...

Re: Chase Amazon Closed

Shock — Wed, 13 Aug 2014 00:41:46 GMT

Well, thanks for the input up there on the terms. But I ad activity 25 or so days ago..and I'm proof that you dont need to wait 30 days for a full line consolidation...so I don't now what's going on...