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Closing a Chase Card , repercussions?

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AverageJoesCredit
Legendary Contributor

Closing a Chase Card , repercussions?

Seeing a recent post on Chase closing a members account and having responses such as take your points now you can always reapply later for same card got me wondering something. I didnt want to hijack thread so im interested in anybody's experience with this question.

If you close a credit card, even earlier than a full year, will that have future repercussions on applying for same card or even other Chase cards? I have a paranoia that I've been Steven Seagal'd MARKED FOR DEATH, with Chase lol.

I closed my Amazon card early as I felt it or I would never get any growth with Chase due to my income but could that closing my account affect me applying in future?. Thanks for any replies just interested to see how this is viewed.
11 REPLIES 11
Brian_Earl_Spilner
Credit Mentor

Re: Closing a Chase Card , repercussions?

I don't think so, many cards require between 12-18 months before reapplying for the same card after closure. Not sure about Chase's rules, but I could have sworn I seen 18-24 months somewhere. Might have been the southwest app's fine print because that's the last chase card related thing I looked at.

    
Message 2 of 12
Gmood1
Super Contributor

Re: Closing a Chase Card , repercussions?

No repercussions at all. I closed a Disney Premier CC out maybe six months after getting it. I haven't seen anything negative from it. I used it as a doner card for other more useful Chase cards.
As SBIH states, there's a waiting period in order to receive rewards or subs for the same card. Normally it's a 24 months waiting period.
Message 3 of 12
K-in-Boston
Epic Contributor

Re: Closing a Chase Card , repercussions?


@AverageJoesCredit wrote:
Seeing a recent post on Chase closing a members account and having responses such as take your points now you can always reapply later for same card got me wondering something. I didnt want to hijack thread so im interested in anybody's experience with this question.

If you close a credit card, even earlier than a full year, will that have future repercussions on applying for same card or even other Chase cards? I have a paranoia that I've been Steven Seagal'd MARKED FOR DEATH, with Chase lol.

I closed my Amazon card early as I felt it or I would never get any growth with Chase due to my income but could that closing my account affect me applying in future?. Thanks for any replies just interested to see how this is viewed.

"I'm gonna take you to the bank, Senator.  To the blood bank."  (Or was that Hard To Kill?)

 

They may be keeping tabs on the so-called high-end cards with the big SUBs like CSR and CSP, but I'm sure you're fine.

Message 4 of 12
RicHowe
Valued Contributor

Re: Closing a Chase Card , repercussions?

Just got off the phone with Chase. They said AJC was just schneeshee with them!

Message 5 of 12
AverageJoesCredit
Legendary Contributor

Re: Closing a Chase Card , repercussions?

Lol, thanks guys. Holy schneeshee, I think I chased away the putty catSmiley Wink
Message 6 of 12
Brian_Earl_Spilner
Credit Mentor

Re: Closing a Chase Card , repercussions?

oh, that's what it was...you can't receive the bonus without waiting a certain amount of time.  Disregard my earlier comment. lol

    
Message 7 of 12
Streetervillelady
Frequent Contributor

Re: Closing a Chase Card , repercussions?

That was 'Hard to Kill'. 




Message 8 of 12
Anonymous
Not applicable

Re: Closing a Chase Card , repercussions?

Well....   Chase has fairly recently included language like this in many (all?) of their cards:

 

Under reasons you could lose all your rewards (this is from United MileagePlus Explorer)  we believe that you’ve misused this program in any way, for example: · by repeatedly opening or otherwise maintaining credit card accounts for the purpose of generating rewards

 

So closing one card shortly after opening (and getting a bonus) is probably fine, doing it a few times, less so!

Message 9 of 12
AverageJoesCredit
Legendary Contributor

Re: Closing a Chase Card , repercussions?

For sure the bonus chasing, lol, I understand, wont look good to get bonus then close before a year. The one I can understand is if you get a card that then has an AF and you dont want to pay it. Probably closed my only Chase card too early but maybe in 2 years I'll revisit options.Smiley Wink
Message 10 of 12
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