Downgrade CSP to regular. Transfer limit to freedom?

[gr33nsuit]

My CSP currently has $12,000 limit and my Chase Freedom only has $5700. I'm planning to do a downgrade soon since the annual fee is going to hit in July since I basically just signed up for the bonus. I spoke to few reps and they informed me my credit limit can be transferred "to and from" the CSP and freedom anytime. I was wondering if I can transfer so that my new downgraded Chase Sapphire would be less than the $5000 visa signature requirement since I hardly will use the Chase Sapphire after the downgrade because I mainly use the Chase Freedom, CitiBank Simplicity, and Discover IT.  Thank you, all suggestion and comment are welcome and appreciated!

[phonic]

Since the $5k requirement wouldn't apply to the non-preferred card, you could certainly lower it beyond that point. You may want to keep it at $5k and then you'll have $12700 on the Freedom.

[FinStar]

---

@phonic wrote:

Since the $5k requirement wouldn't apply to the non-preferred card, you could certainly lower it beyond that point. You may want to keep it at $5k and then you'll have $12700 on the Freedom.

---

+1

The latter is an option if you want to keep both as Signature cards.

[gr33nsuit]

Can I reapply for the chase sapphire preferred later though?

[enharu]

---

@gr33nsuit wrote:
Can I reapply for the chase sapphire preferred later though?

---

you can, though Chase may not honor any sign-up bonuses, especially if you are re-applying within 12 months.

[FinStar]

---

@enharu wrote:

---

@gr33nsuit wrote:
Can I reapply for the chase sapphire preferred later though?

---

you can, though Chase may not honor any sign-up bonuses, especially if you are re-applying within 12 months.

---

+1

Per their T&C.  If anything OP, just wait another year to consider re-applying for CSP.