topic Re: Do Chase balance transfers trigger AA? in General Credit Topics

Do Chase balance transfers trigger AA?

SouthJamaica — Fri, 18 Oct 2019 15:57:01 GMT

I know that Chase is one of the banks to watch for taking adverse action.

They have provided me with several attractive balance transfer offers.

Does accepting them trigger a review which could lead to adverse action?

Re: Do Chase balance transfers trigger AA?

Remedios — Fri, 18 Oct 2019 16:49:39 GMT

@SouthJamaica wrote:
I know that Chase is one of the banks to watch for taking adverse action.

They have provided me with several attractive balance transfer offers.

Does accepting them trigger a review which could lead to adverse action?

Not at all. They dont like minimum payments only, for prolonged period of time, but Chase has no issues with BTs that I know of.

Re: Do Chase balance transfers trigger AA?

Anonymous — Fri, 18 Oct 2019 17:02:51 GMT

@SouthJamaica I have recently used Chase BT's at their invitation and they worked well. Not aware of any AA type actions for me?!

Re: Do Chase balance transfers trigger AA?

FlaDude — Fri, 18 Oct 2019 17:07:09 GMT

I have two Chase accounts that were maxed out for years with only min payments, and mostly charging up to the limit again each month. I got low interest loans and paid them off, and then used one of them for a balance transfer from another card. Through all this I never had any AA, in fact, after significantly paying down one of the cards the first time they gave me an unsolicited CLI from 10k to 13k.

Re: Do Chase balance transfers trigger AA?

SouthJamaica — Fri, 18 Oct 2019 17:14:37 GMT

@FlaDude wrote:
I have two Chase accounts that were maxed out for years with only min payments, and mostly charging up to the limit again each month. I got low interest loans and paid them off, and then used one of them for a balance transfer from another card. Through all this I never had any AA, in fact, after significantly paying down one of the cards the first time they gave me an unsolicited CLI from 10k to 13k.

Well thank you very much @Remedios @Anonymous and @FlaDude

That's encouraging.

I once had my accounts closed by Barclays, and the only reason I could fathom was that I had finally used some of their balance transfer offers. Glad to know Chase isn't that dumb.

Re: Do Chase balance transfers trigger AA?

Remedios — Fri, 18 Oct 2019 17:18:58 GMT

No, they are not dumb like that.

You really have nothing to worry about when it comes to Chase and BT. They get their fee, they happy 🤷‍♀️

Re: Do Chase balance transfers trigger AA?

Brian_Earl_Spilner — Fri, 18 Oct 2019 17:28:43 GMT

@FlaDude wrote:
I have two Chase accounts that were maxed out for years with only min payments, and mostly charging up to the limit again each month. I got low interest loans and paid them off, and then used one of them for a balance transfer from another card. Through all this I never had any AA, in fact, after significantly paying down one of the cards the first time they gave me an unsolicited CLI from 10k to 13k.

That's because you established a pattern. While you may have been on their radar, you didn't do anything that would trigger AA. AA is a big deal here because of how people use their accounts. Like, of course you got AA. You carried a $0 balance on that $10k card for 5 years and all of a sudden let a $5k balance post. Alarms went off like their building was burning down. What did you think would happen? I believe if people use their credit organically, nothing will happen to them.

Re: Do Chase balance transfers trigger AA?

SoCalifornia — Fri, 18 Oct 2019 20:09:12 GMT

@SouthJamaica wrote:
I know that Chase is one of the banks to watch for taking adverse action.

They have provided me with several attractive balance transfer offers.

Does accepting them trigger a review which could lead to adverse action?

Sj- I just got a nice offer via mailer and was wondering if it was worth taking advantage of. I have never experienced any of the horror stories that some circulate about Chase. Like, why would they offer it and if taken light me in a circle of flames!?

Re: Do Chase balance transfers trigger AA?

Remedios — Fri, 18 Oct 2019 20:23:43 GMT

People do weird things, make unwise choices, tell parts of the story and then it's gets propagated around like the gospel. There is by far more involved in AA than anything you'll read on the webz, and you'll never read the full story, especially behind the scene part.

It's true they dont like too many applications for their own cards in short period of time, or bursts of applications around the time when you apply for chase cards, but even that is profile dependent

Chase is not as neurotic when it comes to "business as usual" which BT certainly is.

If those offers will save you money, go for it.

If and when I have the need, I know I will.

Re: Do Chase balance transfers trigger AA?

Anonymous — Sat, 19 Oct 2019 00:26:10 GMT

Chase sent me BT checks associated with my CSP in July, I used one. The account is still open today with CL intact. They also preapproved me for the FU in August. So I don't know what kind of AA that was.

Re: Do Chase balance transfers trigger AA?

zerofire — Sun, 20 Oct 2019 02:48:56 GMT

@SouthJamaica wrote:
@FlaDude wrote:
I have two Chase accounts that were maxed out for years with only min payments, and mostly charging up to the limit again each month. I got low interest loans and paid them off, and then used one of them for a balance transfer from another card. Through all this I never had any AA, in fact, after significantly paying down one of the cards the first time they gave me an unsolicited CLI from 10k to 13k.
Well thank you very much @Remedios @Anonymous and @FlaDude

That's encouraging.

I once had my accounts closed by Barclays, and the only reason I could fathom was that I had finally used some of their balance transfer offers. Glad to know Chase isn't that dumb.

That is a Barclay's. They think like the British where if you go past 30% of your already conservative SL they start freaking out. Chase on the other hand is more sane. They have computers looking at you 24/7/365 but only paying minimum after the intro terms expire is the #1 way to get AA. As long as you got an invite and pay more than minimum for a long time Chase is happy to just watch.