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How long before combining Chase limits?

CramEiko
Established Contributor

Re: How long before combining Chase limits?


@Obscure-Expert wrote:

@FieryDance wrote:

How do combined credit cards show on credit reports?  Does the one getting absorbed just disappear as it never existed?  Or does it show as closed by consumer/grantor as it got canceled?  

 

 


Depends on if you move 100% and close the donor card.  You can opt to keep usually as low as $500 on the donor to keep it open / parked for later use.

 

If you opt to do 100% and close then it shows CLOSED on your report.  It doesn't magically go away or anything.


 

I went from CSP @ 21.**% to CF at the 1 year mark to avoid the AF. My pesky 21.**% remained on my account. Few months later I get an offer for the CFU at 17.**% and I said sure I'll bite. So as soon as I got accepted I switched my CF CL over to my new CFU. Chase didn't allow the entire amount to cross over, $500 had to remain on the account I closed. Done. Sure I had a new HP for the new card, but 4% less apr and I wanted that card anyways? Chase was CL chasing at that time. It had beat it by $400 with this CL merger. 

 

The card I closed in good standing now shows as: Account closed by consumer

 

Good Luck! Just do what works best for you. 

 

 





RIP: EECU PLOC | BBVA PLOC | Chase SP | Chase Amazon | Chase Freedom | WF Propel | Cap1 QS | AMEX Gold
Message 11 of 26
ChargedUp
Valued Contributor

Re: How long before combining Chase limits?

I moved CL from CSP to CFU while both had activity on them and had no problems...

AODFCU 3% Visa ($10K), Amex PRG (NPSL), Amex Blue Cash ($24K), Amex Simply Cash+ ($4K), Amex Business Cash ($22.5K), Discover ($29.7K), Cap 1 Union Plus MC ($2500), Chase FU Visa Sig ($12K), Chase F Visa Sig ($8.3K), Chase CSP Visa Sig($6.5K), FCB/Elan Rewards Visa Sig($15K), Buckle ($1.3K), BofA AAA Rewards ($84.5K), Paypal credit ($10K), BBVA Clearpoints ($7.5K), Cap 1 Savor ($13K), PenFed PCR ($3500), Bank of the West CB MC ($3K), PNC Cash Rewards ($14K), NASAFCU Rewards Visa ($20K), BOC/Elan Max Cash MC ($25K), BoA Business Customized Cash Rewards MC ($8k)
Message 12 of 26
HighAchiever
Established Contributor

Re: How long before combining Chase limits?

This is good info... I hadn't thought about doing this! 🙌🏼
“Most people work just hard enough not to get fired and get paid just enough not to quit.”
Take the myFICO Fitness Challenge




Message 13 of 26
HeavenOhio
Community Leader
Senior Contributor

Re: How long before combining Chase limits?

I think the deal with the two month wait is if you want to do a card combination that preserves 100% of both limits. Otherwise, you'd leave a small amount behind on the card that's closing.

Message 14 of 26
MauriceZaiss
New Visitor

Re: How long before combining Chase limits?

I started with Shale, then got Freedom. Even after a year spent with both, they would not have moved the limit off the sheet.

Message 15 of 26
CardNut
Valued Contributor

Re: How long before combining Chase limits?

The Slate is less than a year old. Is it worth shuffling that much to save 10 months of account age? Will Chase see all the shuffling and delay it, or consider that for future apps or PCs and maybe deny down the road?

Scores, HPs/24 mos. (updated 01/13/21):
    Experian FICO Score 8 = 828, 1/24
    Experian FICO Score 9 = 813, 1/24
   TransUnion = 811, 1/24
    Equifax = 813, 0/24

Total 2020 rewards, incl. offers/deals = $1,388.00

Total CL: $247,000

Cards (hover over for CL | interest rate | Date Opened):
Message 16 of 26
HighAchiever
Established Contributor

Re: How long before combining Chase limits?

I think it's more up to the individual as to whether the 10 months makes a difference or not. On a thin profile it could mean the world, but on a long thick profile, it probably will just be a waste of time if the individual doesn't care...  Smiley Happy

“Most people work just hard enough not to get fired and get paid just enough not to quit.”
Take the myFICO Fitness Challenge




Message 17 of 26
CardNut
Valued Contributor

Re: How long before combining Chase limits?


@HighAchiever wrote:

I think it's more up to the individual as to whether the 10 months makes a difference or not. On a thin profile it could mean the world, but on a long thick profile, it probably will just be a waste of time if the individual doesn't care...  Smiley Happy


Agreed, but I would be more concerned about the future with Chase. Maybe it doesn't matter, but maybe it makes a difference for future PCs and new accounts. 

Scores, HPs/24 mos. (updated 01/13/21):
    Experian FICO Score 8 = 828, 1/24
    Experian FICO Score 9 = 813, 1/24
   TransUnion = 811, 1/24
    Equifax = 813, 0/24

Total 2020 rewards, incl. offers/deals = $1,388.00

Total CL: $247,000

Cards (hover over for CL | interest rate | Date Opened):
Message 18 of 26
HighAchiever
Established Contributor

Re: How long before combining Chase limits?

For sure... Smiley Happy

“Most people work just hard enough not to get fired and get paid just enough not to quit.”
Take the myFICO Fitness Challenge




Message 19 of 26
TheAuthorizedUser
New Contributor

Re: How long before combining Chase limits?

Does the moving CL between cards work with cobranded Chase cards like the south west ones to a CSP?





Garden Life: 4.01.20
Leaving Garden: 1.15.22
Updated: 4.15.20





Message 20 of 26
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