@Anonymous wrote: "... maybe the best way to get a CLI over time with other cards is open another card, keep it for a year, and see if I can transfer the CL to the other card, even if they retain $500 on the donor card before cancelling lol.
That seems to be the best way with some lenders. But I would suggest researching each one before you do it if that is your end-game. Each bank can be different. Some are pretty strict about letting you move limits and won't even consider it. I have called customer service to ask about policies.
@Anonymous wrote: As for US Bank, I seriously looked at them, but their 5% categories are difficult to max out, and when I get a card, I like to keep using it, so it wouldn't get much usage.
Agreed, although the "Home Utilities" is most appealing to me on a regular basis. I have a house and the average $666 per month cap on utilites would probably be mostly used, especially since you have another 5% category to add to the mix. I already get 5% on TV-internet with my Chase INK Business Cash but that would be another good category to keep for most people. I could see selecting furniture stores, electronics stores, or clothing stores on a quarter-by-quarter basis for some spending patterns.
I've thought about the Cash+ for that and because it would establish a banking relationship with USB which would allow me to apply for the Altitude Reserve. While it has the $400 AF, there is a $325 travel credit offset and then a 3% cash-back on mobile wallet on anything you buy, uncapped. But like you, I don't want to add cards to my wallet which have no long-term fit into my regular spend.
CASH+ 5% categories:
- TV, Internet, and Streaming Services
- Home utilities
- Select clothing stores
- Cell phone providers
- Electronic Stores
- Gyms/Fitness
- Fast food
- Ground Transportation
- Sporting goods
- Department Stores
- Furniture Stores
- Movie theaters
@Anonymous wrote:It was my understanding that you simply needed to leave enough to cover your AF, which cannot exceed 25% of your CL? So worst case scenario, you'd have to leave $380 on the CSP. I don't see why OP would haev needed to leave over $1K.
That said, being able to move $9+K over to another card still seems reasonable. One shouldn't be too greedy with Money that technically isn't theirs?
During the call, I asked "Mary" what if I had called to consolidate my limits before the AF posted, would I have still had to leave $1,095 behind with my CSP? She said "yes". It was as if Chase wanted me to pay that AF, even if it was with my credit-currency.. I briefly considered countering her $1,095 donor amount with $500.
@Gunnerboy wrote:
@Anonymous wrote:It was my understanding that you simply needed to leave enough to cover your AF, which cannot exceed 25% of your CL? So worst case scenario, you'd have to leave $380 on the CSP. I don't see why OP would haev needed to leave over $1K.
That said, being able to move $9+K over to another card still seems reasonable. One shouldn't be too greedy with Money that technically isn't theirs?
During the call, I asked "Mary" what if I had called to consolidate my limits before the AF posted, would I have still had to leave $1,095 behind with my CSP? She said "yes". It was as if Chase wanted me to pay that AF, even if it was with my credit-currency.. I briefly considered countering her $1,095 donor amount with $500.
Its awfully tempting to call a CSR to ask general questions that we are only guessing on the logic behind them on the forum, but that's not what they are there for. Plus, unless you get a smart cookie, they wouldn't know the answer anyway.
