@Anonymous wrote:OK, I still am not quite sure of one of your statements:
"When top 4 bank loan officers looks at your report"
The critical question for me is when does that happen, before or after the loan is approved? My understanding is that is at the secondary market phase, once the loan has closed and is really between the loan originator and the bank purchaser. (In one case, Citi asked the originator for more info on the loan document, and the originator came back to me and asked, but that was several months after the loan had closed, and really related to whether Citi would buy the mortgage or not).
So not wanting to hit on a fellow vegan, but I think the strong statements you are making are not really as true as you suggest.
Its ok
My sister's Job at her local/medium bank is Putting the Loan app together and getting it sold to the higest bidder
the loan is not approved by medium bank she is just a middle man
her customers are paying my sisters bank and thinks loan came from them but it actually isn't
@NRB525 wrote:
I don't have any Chase Sapphire, Preferred or otherwise, but comments elsewhere lead me to believe there is only the CSP, no CS anymore. So might be worth some research. I would guess closing the CSP would, yes, remove any annual bonus you might earn after that.
I looked on the chase website and don't see the non-AF chase sapphire listed. Are downgrades from the CSP gone now? This is not something I had anticipated and I will have to think about my strategy now.How long does a chase card nee to be open before I can my credit line over to a different card? Maybe I can move the credit line over to my freedom.
;
@Anonymous wrote:
@red259 wrote:
@NRB525 wrote:
I don't have any Chase Sapphire, Preferred or otherwise, but comments elsewhere lead me to believe there is only the CSP, no CS anymore. So might be worth some research. I would guess closing the CSP would, yes, remove any annual bonus you might earn after that.
I looked on the chase website and don't see the non-AF chase sapphire listed. Are downgrades from the CSP gone now? This is not something I had anticipated and I will have to think about my strategy now.How long does a chase card nee to be open before I can my credit line over to a different card? Maybe I can move the credit line over to my freedom.
RIght, the plain CS disappeared from the website about a month ago (and for a while before that was only on the CSP page as a link). At least one report here of someone still being able to downgrade after it went from the website, but of course no guarantee that that will stay possible.
Does chase pro-rate the AF depending on when you cancel it? I got a somewehat large balance on the card right nowand it likely will not be paid off till later in Jan when its actually due. Also, what is Chase's policy on transferring credit lines to other cards? I'd hate for my util to take a hit giving up the decent sized line of my CSP.
@red259 wrote:
@Anonymous wrote:
@red259 wrote:
@NRB525 wrote:
I don't have any Chase Sapphire, Preferred or otherwise, but comments elsewhere lead me to believe there is only the CSP, no CS anymore. So might be worth some research. I would guess closing the CSP would, yes, remove any annual bonus you might earn after that.
I looked on the chase website and don't see the non-AF chase sapphire listed. Are downgrades from the CSP gone now? This is not something I had anticipated and I will have to think about my strategy now.How long does a chase card nee to be open before I can my credit line over to a different card? Maybe I can move the credit line over to my freedom.
RIght, the plain CS disappeared from the website about a month ago (and for a while before that was only on the CSP page as a link). At least one report here of someone still being able to downgrade after it went from the website, but of course no guarantee that that will stay possible.
Does chase pro-rate the AF depending on when you cancel it? I got a somewehat large balance on the card right nowand it likely will not be paid off till later in Jan when its actually due. Also, what is Chase's policy on transferring credit lines to other cards? I'd hate for my util to take a hit giving up the decent sized line of my CSP.
You are paying interest at 16% APR on a large balance and you are concerned about the AF? Your priorities are skewed, IMO.
Often the AF is just a "pay to play" feature of these credit cards. Pay it for 2015 and enjoy the CL and points you can earn by charging, without worries.
You are trying to plan your shift of available cards and available CL, how you want to exactly move things around way too early.
Go for the cards you think you want to line up for the future, get them safely in your wallet, take advantage of BT offers if you get them, then circle back after it is sorted out and look at whether / what you want to close. Even the process of BT is a delay you may not be able to plan for.
@NRB525 wrote:
@red259 wrote:
@Anonymous wrote:
@red259 wrote:
@NRB525 wrote:
I don't have any Chase Sapphire, Preferred or otherwise, but comments elsewhere lead me to believe there is only the CSP, no CS anymore. So might be worth some research. I would guess closing the CSP would, yes, remove any annual bonus you might earn after that.
I looked on the chase website and don't see the non-AF chase sapphire listed. Are downgrades from the CSP gone now? This is not something I had anticipated and I will have to think about my strategy now.How long does a chase card nee to be open before I can my credit line over to a different card? Maybe I can move the credit line over to my freedom.
RIght, the plain CS disappeared from the website about a month ago (and for a while before that was only on the CSP page as a link). At least one report here of someone still being able to downgrade after it went from the website, but of course no guarantee that that will stay possible.
Does chase pro-rate the AF depending on when you cancel it? I got a somewehat large balance on the card right nowand it likely will not be paid off till later in Jan when its actually due. Also, what is Chase's policy on transferring credit lines to other cards? I'd hate for my util to take a hit giving up the decent sized line of my CSP.
You are paying interest at 16% APR on a large balance and you are concerned about the AF? Your priorities are skewed, IMO.
Often the AF is just a "pay to play" feature of these credit cards. Pay it for 2015 and enjoy the CL and points you can earn by charging, without worries.
You are trying to plan your shift of available cards and available CL, how you want to exactly move things around way too early.
Go for the cards you think you want to line up for the future, get them safely in your wallet, take advantage of BT offers if you get them, then circle back after it is sorted out and look at whether / what you want to close. Even the process of BT is a delay you may not be able to plan for.
I said the balance will be paid off when its due. I never said, nor am I, carrying a balance on the card. Just that a statement cut with the balance on it. I don't need this card to use the points since I already have an ink card. I don't need balance transfers. My question is what is the chase policy of moving credit lines from one card to another , not moving balances.
@red259 wrote:
I said the balance will be paid off when its due. I never said, nor am I, carrying a balance on the card. Just that a statement cut with the balance on it. I don't need this card to use the points since I already have an ink card. I don't need balance transfers. My question is what is the chase policy of moving credit lines from one card to another , not moving balances.
Ok, fair enough.
However, as another point of clarification, the Chase Sapphire Preferred is a standard "extra points" credit card in that, to get the higher points earning rate, you must pay the AF. If your strategy is to find an "extra points" travel related card that is going to reward you like the CSP without the CSP AF, let us know, because I don't think it exists. Even the free Hotel cards that look like they are giving large points amounts, when you start calculating back to what that is worth on a really comparable basis, are all in the $0.01 range for the rewards, except if you are buying directly from that hotel chain.
Good luck!
There is a saying in engineering:
You can have this with more features (higher quality), you can get it delivered faster, or you can get it cheaper.
Pick any two.
In the credit card world, it goes:
You can get no AF, you can keep your credit line, or you can get oodles of points.
Pick any two.