Chase Cards

[Anonymous]

Question about chase credit cards........since chase has soooooooooooo many cards is it easier to get another chase card if you already have one?? I just got my chase/amazon.com visa today, $1000 cl. Now that i have my foot in the door with them, so to speak, wonder if i can get other cards from them. The first one i tried was the circuit city visa, but got turned down.

[Anonymous]

I'm not sure why people get multiple cards from each lender.  I think it's better to have a variety of lenders.  Greater chance of CLIs and such if you only have one card, they don't have to factor in the overall picture.

[Anonymous]

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TheCynicalOne wrote:

I'm not sure why people get multiple cards from each lender.  I think it's better to have a variety of lenders.  Greater chance of CLIs and such if you only have one card, they don't have to factor in the overall picture.

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Chase is wierd, DH and I used them back before I really new what I was doing about CC's (still learning everyday)- and he had two and I became AU on  them, then I got Chase Freedom w/ only a 1K CL.

Anway- back to the point, Chase is fickle and finicky- you never know what they are going to do- but the reason that I have multiple cards w/ Amex is cause I love them...so I am assuming that some people have multiple cards w/ Chase cuz they have great experiences w/ them too...

[fused]

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BrentO wrote:

Question about chase credit cards........since chase has soooooooooooo many cards is it easier to get another chase card if you already have one?? I just got my chase/amazon.com visa today, $1000 cl. Now that i have my foot in the door with them, so to speak, wonder if i can get other cards from them. The first one i tried was the circuit city visa, but got turned down.

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The TD should tell you no. IMO, you have one CC already just cook what you get!

[Anonymous]

yea i think ill be happy with what i got, i TOTALY FORGOT i applied for this card, when i saw it in the mail i thought it was my HSBC Platinum cash or fly card.

[Anonymous]

Yeah, I can understand how you would want to increase the amount of business you put through a particular lender.  My only point was how each business is only willing to finance you a particular amount.

Let's use Amex for example.  At a certain point they're going to cut you off from CLIs and any change in your score for the worst can trigger a LOC reduction.  So you're better off limiting yourself to a single product from each lender so you don't appear over extended in credit.

[Red1Blue]

That is a very good idea to limit one from each lender. I have 3 cards from HSBC. mc/visa/discover. Should I close some of them? I have already paid AF for couple of them. Should I wait or close them?

[Anonymous]

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concorduser wrote:

That is a very good idea to limit one from each lender. I have 3 cards from HSBC. mc/visa/discover. Should I close some of them? I have already paid AF for couple of them. Should I wait or close them?

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I would wait for your year to end or maybe close them early (as long as it won't have a negative impact on your overall utilization) and get your account credited for the membership fee.  Generall, companies will credit back membership fee if you cancel your account early.  Again, don't place too much stock in one company, even if you LOVE it oh so much.  Keep them wanting more business so rather than signing up for a new card, it'll be easier to fight for that lower apr, crediting back that membership fee, or increasing that line all on one card, rather than fighting for good terms on all cards.