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I'm working on playing musical cards between the Chase trifecta that my wife and I currently have.
We acquired the following cards in the following order.
Myself: Chase Freedom 03/17
Wife: Chase Freedom Unlimited 12/17
Wife: Chase Sapphire Preferred 04/18
We've recently decided to migrate from the CSP to the CSR.
Honestly, the reason we did it the way we had, was due to me not being able to get approved for a Sapphire card due to 5/24 and my wife had "YourOffers" for Freedom, Slate, and CSP. I could have PC'd to the CSP and foregone the bonus, but figured it didn't hurt to try having her app for it and see if it worked. She had limited credit at the time, so it was a total tossup.
So, my Freedom was a 6,400 CL. I figured I'd get an Amazon card and move some of the limit over to my Freedom to PC to CSR (as we didn't expect her to get approved for a large enough limit, if any at all, to increase her $5,100 CSP to 10k). I was approved for $6,100 SL today on Chase Amazon and moved $3,600 to my Freedom and PCd to CSR.
Our statement date happened to be today, and we just received the CSP SUB on her account today (hadn't thought that part through prior to starting this process of musical PCs). She sent an SM asking them if she had any PC offers for her CSP, and they said that they want her to callchase. in so that they can make sure they "receive all needed information". Could she face AA for PCing the day of statement cut with SUB?? Essentially, the end-goal is to get her CSP into a Freedom.
I hope you post after speaking with Chase. tbh, after reading three of your Chase threads... I'd be afraid of both of you getting AA. Having read how strict Chase is, I was afraid of getting AA, losing CFU when I applied for CSP & AmazonPrime the same day.
Good luck.
I'll keep this thread updated with end results.
I understand that they have an issue with churning, but at the same time... her overall profile is not indicative of a churner. This is her first instance on a thin file. After typing this, I suppose I could see that looking as bad or worse though...
As far as revolving accounts (credit/charge cards), her profile is as follows:
Discover IT: 06/16
Chase Freedom Unlimited: 12/17
Chase Sapphire Preferred: 04/18
She is AU on the following of my cards (however, a manual review of CBR would state "Authorized User" next to these accounts, so I don't see this being an issue against her in that scenario).
Discover IT: 02/16
CapOne QS: 06/16
Chase Freedom (now CSR): 03/17
AmEx EDP: 12/17
PenFed PCR: 03/18
I know they won't see the account type, and only the creditor, I just listed it as a whole out of habit.
Am I wrong in thinking that her profile may help her case? Her FICOs are all 750-765. All of those are still open. Also, she is not requesting to close the card, just to get another card to reuse... I suppose I'm kind of playing "devil's advcate" with us being the devil in this scenario, but primarily just thinking outloud (so to speak). Any input on this last bit of info?
Also... they are about to eat me for a $525 fee on the Reserve (450 + 75 au fee). So, monetarily, I'd think that'd be a "wash" in terms of the SUB/fee comparison. Almost like I'm paying them back for that SUB, as they initially gave it to us fee-free for that first year, and instead they would get that back in fees.
I could honestly be trying too hard to rationalize this, and should likely take a step back for a few months to let everything settle before proceeding....
I have to agree with the tough love stance on this. The CARD Act doesn't prevent you from lowering an AF, but Chase does not like people PCing the CSP/CSR, especially in the first year! That said, I believe they will allow it but I wouldn't risk it.
The 0.5 points may or may not even really matter in the long run. I'm not sure how your spend falls, but I do much better on the 2 points for non-Amex travel/restaurant spend and 1 point for other non-Amex spend on my CSP than I would by using my CFU across the board. With a planned PC to CSR I should be doing even better. There shouldn't be any issues whatsoever with PCing from Freedom to CFU or vice versa.
Edit: Also don't forget that with the travel credit, your real AF is much, much lower.
My recommendation is that you do nothing for the time being. Use the cards you have for a while. Don't apply for any more new ones. Don't try to product change any of your current cards. If you call or write Chase requesting a change, you will get "eyes on your account," and you don't want that in your current situation.