I appreciate everyone's input. I think I might take the $300 now and hope the credit steps increase is in addition to this $300 (which wasn't the case on my other card).
@HeavenOhio wrote:
@CBTS, how much do you spend on this card each month?
This is an odd scenario as we almost never run into a situation where upgrading a QuickSilverOne isn't a slam dunk. Now that the annual fee is paid, I see your point that in the short term, the VentureOne amounts to a rewards downgrade.
My biggest concern is that the offer is still available next summer. Have you tried calling in or chatting? The link doesn't always show all offers. If you can get a Quicksilver offer, it would make sense to jump on it. If you decide to delay product-changing, make sure you use the card each and every month.
Product changes don't affect CLI eligibility, so don't worry about that. The only things a PC will change are the rewards structure, the verification code on the back, the annual fee (if applicable), and possibly the expiration date.
With a 3K starting limit, I think there's a pretty good possibility that you've escaped the dreaded "bucketing" mentioned above. If your Steps increase is due in February-March, I'd request a CLI again in late January and take what they offer. I think the real bucketing test will come from requesting a CLI six months after your Steps increase.
I spend at least $2k each month on this card and pay it down to about $500-$600 before the statement cut for it to show <20% util on this card and <8% overall util.
Thats also my only concern too, I'm afraid they might withdraw the upgrade option if I wait until next year to PC it before the annual fee hits again. I'm gonna call them to see if there are any more upgrade options other than the one shown with the link.
