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psychic wrote:The next time I'm on the phone with a Chase rep, I'll ask about "credit limit blocks."
krystofur wrote:That was the idea behind coverting my Chase Card to a Freedom Card, so DW and I could do the same thing. Of course we still haven't sat down and figured out which card to use where, but it's on my to do list.
My Freedom card has a $29,300 credit limit, so I doubt that Chase is planning on giving me an automatic credit line increase. I'm also going to be asking about reallocating credit lines between my 2 cards. I'll make it a point to find out exactly what procedure was used when I declined my Freedom Signature upgrade.
Dawn wrote:
psychic wrote:The next time I'm on the phone with a Chase rep, I'll ask about "credit limit blocks."
I would be interested in hearing their explanation of what they had to do "procedure wise" to prevent your card from converting to the Signature card. If it isn't the same thing they did for me, I may be making another call.My understanding of a credit limit block is that it simply prevents you from being able to make purchases that take you over your credit limit. The transaction would be declined, as I thought all CCCs did in the "old days" before they got so "fee hungry."I would like to think that they have other options to prevent automatic conversions of Platinum cards to World or Signature cards, though. Some people may appreciate the "courtesy" they extend you of being able to charge beyond the limit ... as long as you don't mind paying the over-limit fee and possibly being a victim of rate-jacking.
Yeah, DW is always picking on me asking which card she can use now, am I sure it's the right one...
Dawn wrote:krystofur wrote:That was the idea behind coverting my Chase Card to a Freedom Card, so DW and I could do the same thing. Of course we still haven't sat down and figured out which card to use where, but it's on my to do list.I thought we were going to do that with our two cards (I am joint on DH's card and have another of my own.) However, this juggling stuff with multiple cards is more work that I care to go through. I use mine for a while ... then switch to his for awhile.I"m beginning to think that simplicity rules!
The letter should read "...effective July 9, 2008 your Chase Free Cash Rewards card...," not "effective Chase Free Cash Rewards, your July 9, 2008 Visa card...."
Dawn wrote:
Oh ... I did check the spelling of that one questionable word and Merriam-Webster online says it can be either way, so I left it alone.
If I receive a similar upgrade letter regarding my Free Cash Rewards card, I'll be calling Chase within the next few days!!!
Dawn wrote:
psychic wrote:The next time I'm on the phone with a Chase rep, I'll ask about "credit limit blocks."
I would be interested in hearing their explanation of what they had to do "procedure wise" to prevent your card from converting to the Signature card. If it isn't the same thing they did for me, I may be making another call.My understanding of a credit limit block is that it simply prevents you from being able to make purchases that take you over your credit limit. The transaction would be declined, as I thought all CCCs did in the "old days" before they got so "fee hungry."I would like to think that they have other options to prevent automatic conversions of Platinum cards to World or Signature cards, though. Some people may appreciate the "courtesy" they extend you of being able to charge beyond the limit ... as long as you don't mind paying the over-limit fee and possibly being a victim of rate-jacking.
psychic wrote:The letter should read "...effective July 9, 2008 your Chase Free Cash Rewards card...," not "effective Chase Free Cash Rewards, your July 9, 2008 Visa card...."
Dawn wrote:Oh ... I did check the spelling of that one questionable word and Merriam-Webster online says it can be either way, so I left it alone.I moved the (sic) notation in my original post to clarify.