Advice on Chase

[MrDisco99]

I'm pretty sure the minimum limit on the CSP is $5K, so you would have to leave at least that much on it.

As for the CLI vs. signing up for a new card, both will cost an HP (or possibly multiple with Chase), but a new account with give you new earning optimization possibilities and a signup bonus, which you wouldn't get with a CLI.  I can't think of where requesting a HP CLI would be more advantageous than using that HP toward a new card... if you're under 5/24 that is.

[FinStar]

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@MrDisco99 wrote:

I'm pretty sure the minimum limit on the CSP is $5K, so you would have to leave at least that much on it.

As for the CLI vs. signing up for a new card, both will cost an HP (or possibly multiple with Chase), but a new account with give you new earning optimization possibilities and a signup bonus, which you wouldn't get with a CLI.  I can't think of where requesting a HP CLI would be more advantageous than using that HP toward a new card... if you're under 5/24 that is.

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Not to reallocate.  Only to maintain Visa Signature benefits.  So, if the OP gets approved for CSP with a CL of $8K, then most (except for $500) can be reallocated.

[MrDisco99]

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@FinStar wrote:

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@MrDisco99 wrote:

I'm pretty sure the minimum limit on the CSP is $5K, so you would have to leave at least that much on it.

As for the CLI vs. signing up for a new card, both will cost an HP (or possibly multiple with Chase), but a new account with give you new earning optimization possibilities and a signup bonus, which you wouldn't get with a CLI.  I can't think of where requesting a HP CLI would be more advantageous than using that HP toward a new card... if you're under 5/24 that is.

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Not to reallocate.  Only to maintain Visa Signature benefits.  So, if the OP gets approved for CSP with a CL of $8K, then most (except for $500) can be reallocated.

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But isn't the CSP a mandatory Visa Sig?

I can't speak from experience.  I've never held the card.  Is this something you've done?

[Anonymous]

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@MrDisco99 wrote:

I'm pretty sure the minimum limit on the CSP is $5K, so you would have to leave at least that much on it.

As for the CLI vs. signing up for a new card, both will cost an HP (or possibly multiple with Chase), but a new account with give you new earning optimization possibilities and a signup bonus, which you wouldn't get with a CLI.  I can't think of where requesting a HP CLI would be more advantageous than using that HP toward a new card... if you're under 5/24 that is.

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Well, in addition to the HP(s), the new card will impact AAoA whereas the CLI wouldn't.  But whether that actually matters much in reality....

In my anti-CLI mode, I should point out that $9,500 is much more than enough to take full advantage of the Freedom's 5% earnings.

[UpperNwGuy]

Why are you worrying about $500?  Forget about and move on with your life.  You have plenty of credit.

[Anonymous]

Okay, maybe it's time to app for a new card with them then. After 8 years of being stuck at $5K.

Certainly is less work that what you'v been through combining limits, and cloisng account.