@MstrPTato wrote:I would keep the current line open, move all but $1000 to the CSP. Just use the freedom for the rotating categories. Doesn't CSP have 15.24%? If you ever need to carry a balance, you would use that one.
That would work in general; but under my current financial situation, I carry a balance to next month. Not interest-bearing, but I pay off after the statement is generated. Because of Freedom's good categories, I'd use $400 p.m on average and let it report. So right now, reducing the CL might make my utilization look horrible.
I'm just starting to build some savings; so I prefer stashing whatever extra money I get into that. So for maybe a year or so I wouldn't be able to follow the 1%, 1 card reporting rule that people here preach. My overall utilization is still less than 10% but most of it sits on CSP, Sallie Mae, Freedom, and QS. And from this month, Discover 
Between Freedom and CSP (if they had same APR), carrying balance might make sense on Freedom more; because of the 5% rewards, even after paying 2-3% interest (if I ever carried for say 3 months) I'll still be positive. On CSP, not so much.
@Ghoshida wrote:
@MstrPTato wrote:I would keep the current line open, move all but $1000 to the CSP. Just use the freedom for the rotating categories. Doesn't CSP have 15.24%? If you ever need to carry a balance, you would use that one.
That would work in general; but under my current financial situation, I carry a balance to next month. Not interest-bearing, but I pay off after the statement is generated. Because of Freedom's good categories, I'd use $400 p.m on average and let it report. So right now, reducing the CL might make my utilization look horrible.
I'm just starting to build some savings; so I prefer stashing whatever extra money I get into that. So for maybe a year or so I wouldn't be able to follow the 1%, 1 card reporting rule that people here preach. My overall utilization is still less than 10% but most of it sits on CSP, Sallie Mae, Freedom, and QS. And from this month, Discover
Between Freedom and CSP (if they had same APR), carrying balance might make sense on Freedom more; because of the 5% rewards, even after paying 2-3% interest (if I ever carried for say 3 months) I'll still be positive. On CSP, not so much.
If 18.99%, You'd be paying 4.7% on your purchases if carrying a full balance for 90 days and then paying off.
At 15.99% It comes down to 3.9%
@lg8302ch wrote:I have been there about a year ago and look at me now...my Freedom is 26 months old and I still have my lovely 22,99% APR . I also first gave it a thought to re-apply but then figued what kind of gamble this would be and I might end up again with 22,99% APR and further cut my AAoA. Simply not worth it IMO. In the meantime I got over it and now smile at this figure and will just never carry a balance on Freedom. Chase hopefully does not expect me to pay interest at these terms??
As for the PC to a Siggy it was also quite a hassle for me and only possible thru the EO. Reason was that with 22,99% APR it could not be a Signature card. Kind of a circle or me. So I decided to get some answers from the EO to what I could to to qualify for the Siggy in the future and that I would be ready to work on whatever Chase wants me to work on but I would need to know what that should be as I really was clueless. Again received a standard answer that Chase will review accounts periodically and make their adjustments with the APR and then I might be eligible. That answer was not good enough and I wanted an explanation to what could be improved to become eligible .. never got that answer but Chase sent me the Siggy instead. Mission accomplished.
Good luck on your mission and I truly hope it gets smoother for you
Thanks for all the info Liliane.
As you can see from my other posts, I'm somewhat in a similar position. I want lower APRs and the Signature status more for emotional reasons than purely financial. Under current scenario, if I need to carry a balance on Freedom, I'll most probably use some BT checks from Discover or my CU.
But it feels like I qualify, and Chase is holding me back because well, a year ago, I wasn't good enough.
I do feel like I need that stubbornness. And the EO contact
@Anonymous wrote:
@Ghoshida wrote:
@Anonymous wrote:
I plan on PC my Freedom to a Slate for free FICO if they don't extend it to other Chase cards. And then PC my CSP to Freedom to keep 15.99% APR.There's an "if" there - especially with the FICO scores. Are you sure a PC from CSP to Freedom works? I thought it only downgrades to CS.
Also, a cold Freedom app might get you 13.99% in theory. Though, compared to your strategy, I don't know if a 2% drop in APR is worth losing AAoA and a HP.
It's not. Especially if they're really going the AMEX way of only offering bonus once per lifetime on their non cobranded cards.
There have been several successful PC from CSP to Freedom. If I had to though i'd take the extra step down to CS and then Freedom.
So far their app webpage still says 24 months.
And if they do go the AMEX way then well, there's always the Incognito 
However, I do like your strategy.
But it also means that the spouse needs to get the CSP as well. The AUs will be switched ! I really like the CSP and there's a good amount of use as well.
@Ghoshida wrote:
@Anonymous wrote:
@Ghoshida wrote:
@Anonymous wrote:
I plan on PC my Freedom to a Slate for free FICO if they don't extend it to other Chase cards. And then PC my CSP to Freedom to keep 15.99% APR.There's an "if" there - especially with the FICO scores. Are you sure a PC from CSP to Freedom works? I thought it only downgrades to CS.
Also, a cold Freedom app might get you 13.99% in theory. Though, compared to your strategy, I don't know if a 2% drop in APR is worth losing AAoA and a HP.
It's not. Especially if they're really going the AMEX way of only offering bonus once per lifetime on their non cobranded cards.
There have been several successful PC from CSP to Freedom. If I had to though i'd take the extra step down to CS and then Freedom.
So far their app webpage still says 24 months.
And if they do go the AMEX way then well, there's always the Incognito
However, I do like your strategy.
But it also means that the spouse needs to get the CSP as well. The AUs will be switched ! I really like the CSP and there's a good amount of use as well.
We may or may not be keeping one of our CSP's open (Wife and I have one each) I know for sure mine is getting PC.
@Anonymous wrote:We may or may not be keeping one of our CSP's open (Wife and I have one each) I know for sure mine is getting PC.
I'm the only CC-enthusiast in the house. Getting the SO's old BoA PC to BBR and Citi Diamond to DC took me a good while. Apparently, all this takes my focus away from real work (won't say it's totally untrue )
Thanks for the tips. Will first start Liliane's way and then see how it goes; if nothing, you might have a follower !