CSP to CSR product change - pull/criteria?

[expatCanuck]

Hi folks -

CSP anniversary next week. Scores are significantly higher than a year ago. The only items worse in my profile are INQs and AAoA (in my signature). In the context of a CSP to CSR product change request, would Chase care about any of that?

Also, assuming that I'm okay with an inquiry, would it be an opportune time to request a CLI?

[Anonymous]

I don't know the anwser, I just want to tag on one question:

if after 1 year with CSP, I am still at 5/24, will Chase do PC to CSR?

[expatCanuck]

My understanding is 'yes', since it's a product change, not a new account / line of credit, and there's no SUB.

[xaximus]

I would say you should be fine for doing a CLI but also, I would update the income portion in Chase's website. I would see if you can do the CLI and then request a PC to CSR. Keep in mind, you won't get any SUBs. I believe the CSR has a minimum 5k/10k requirement as well. (correct me if I'm wrong).

[Stralem]

The only requirement is that your CSP have a credit limit of at least $10,000, which is the minimum for a CSR. The upgrade is pretty seemless from there. You even keep the same card number.

If you don't have $10k on the CSP, you'll have to ask for a CLI first or reallocate available credit from any other Chase cards you may have. Or, since Chase isn't known for granting generous limit increases, you can do what I did and apply for a new card, immediately call in to cancel it and reallocate the new limit to the CSP. More bang for the HP, in my opinion.

[sjt]

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@Anonymous wrote:

I don't know the anwser, I just want to tag on one question:

if after 1 year with CSP, I am still at 5/24, will Chase do PC to CSR?

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Yes because you are only product changing not opening a new account.

[wasCB14]

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@Stralem wrote:

The only requirement is that your CSP have a credit limit of at least $10,000, which is the minimum for a CSR. The upgrade is pretty seemless from there. You even keep the same card number.

If you don't have $10k on the CSP, you'll have to ask for a CLI first or reallocate available credit from any other Chase cards you may have. Or, since Chase isn't known for granting generous limit increases, you can do what I did and apply for a new card, immediately call in to cancel it and reallocate the new limit to the CSP. More bang for the HP, in my opinion.

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Why cancel it immediately? It would seem more practical, for anyone who spends and travels enough to get a CSR/CSP, to meet the minimum spend on the new card and get the bonus...and then perhaps reallocate some CL or close the new card.

[expatCanuck]

In my case, I'm 8/24 (8/12, more accurately), and will not qualify for a new Chase card 'til at least a year from now -- but it makes sense to upgrade to CSR as soon as I'm able. And, if memory serves, I don't believe I could get a SUB on a second Sapphire product anyway.

[sjt]

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@expatCanuck wrote:
I'm 8/24 -- not gonna qualify for a new Chase card 'til at least a year from now -- but it makes sense to upgrade to CSR as soon as I'm able. And, if memory serves, I don't believe I could get a SUB on a second Sapphire product.

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You are correct that you will not be eligible for a SUB, so your best bet is to do a product change. 

[Anonymous]

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@expatCanuck wrote:
In my case, I'm 8/24 (8/12, more accurately), and will not qualify for a new Chase card 'til at least a year from now -- but it makes sense to upgrade to CSR as soon as I'm able. And, if memory serves, I don't believe I could get a SUB on a second Sapphire product anyway.

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yeah, chase only gvie sub every 4 years.