I've never done this other than when opening a new card. I'm going to be closing my hyatt card and it has a large credit line. I would like to keep as much of that credit as possible. What is the best method of moving credit from one chase card to another (calling in, online messages, etc)? Can I move credit to multiple cards? Are there any rules? Like I want to move some credit to my new CSR since Im not happy with a 10k credit line, does the receiving card need to be open for a period of time? Anything I need to be mindful of?
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@credit_is_crack wrote:
@red259 wrote:I've never done this other than when opening a new card. I'm going to be closing my hyatt card and it has a large credit line. I would like to keep as much of that credit as possible. What is the best method of moving credit from one chase card to another (calling in, online messages, etc)? Can I move credit to multiple cards? Are there any rules? Like I want to move some credit to my new CSR since Im not happy with a 10k credit line, does the receiving card need to be open for a period of time? Anything I need to be mindful of?
I've moved credit between cards at least 5 times in the last 2 years with chase. each time i just send an email via secure message on chase.com. you'll get that auto reply of "we're sending your request to the appropriate department" and in about 2-3 days they complete it. I have noticed in the last month though an increase in posts where people have done this (like they have in the past) and get an AA notice instead??? Not sure whats prompting Chase to do that or what seems to be flagging those account holders, but they've closed out the requested card AND reduced lines on other cards. I had not seen that from Chase before so I'd be mindful of asking to move multiple lines around at this given time..of course YMMV. hope that helps
I only saw one post where someone said they had AA doing this and in that case if I recall correctly there was a lot of stuff going on with that person that would have raised flags. Were there other posts of others going through the same thing? How many?
@red259 wrote:
@credit_is_crack wrote:
@red259 wrote:I've never done this other than when opening a new card. I'm going to be closing my hyatt card and it has a large credit line. I would like to keep as much of that credit as possible. What is the best method of moving credit from one chase card to another (calling in, online messages, etc)? Can I move credit to multiple cards? Are there any rules? Like I want to move some credit to my new CSR since Im not happy with a 10k credit line, does the receiving card need to be open for a period of time? Anything I need to be mindful of?
I've moved credit between cards at least 5 times in the last 2 years with chase. each time i just send an email via secure message on chase.com. you'll get that auto reply of "we're sending your request to the appropriate department" and in about 2-3 days they complete it. I have noticed in the last month though an increase in posts where people have done this (like they have in the past) and get an AA notice instead??? Not sure whats prompting Chase to do that or what seems to be flagging those account holders, but they've closed out the requested card AND reduced lines on other cards. I had not seen that from Chase before so I'd be mindful of asking to move multiple lines around at this given time..of course YMMV. hope that helps
I only saw one post where someone said they had AA doing this and in that case if I recall correctly there was a lot of stuff going on with that person that would have raised flags. Were there other posts of others going through the same thing? How many?
My sister also got CLD/AA from Chase because she secure messaged them to move some limits around. This happened last year. She had at the time around 30k of revolving debt, 39% overall util and like 7 inquiries in last 12mo. She reduced debt to like 2k, no inquiries in last 12mo and util at less than 10% and Chase restored her limits. I would only advise moving limits with Chase if inquiries are low to none in last 12mo and most balances $0 and overall util low (<10%)
Gardening until September 2025
@kdm31091 wrote:If there's anything in your profile that would cause concern (high inqs, high util, whatever) then it's advisable not to call or SM and ask to move limits because you're just basically asking for an account review which may not end in your favor. Moving limits is basically a CLI as far as the lender is concerned and they want to make sure everything is in good (risk free for them) shape before they honor your request.
So if your util is low and such you should be fine, but utilize common sense. If you have, say, three maxed out cards, I'd wait. I assume this does not apply to you.
Yea I don't have any accounts maxed out and have two inqs in the past six months. Since I am closing the card anyway the alternative would be to lose over 21k in credit., so I am not sure how much they would be likely to decrease my limits compared to what I would lose otherwise.
@elim wrote:With that 808 EX score, I don't see any AA in your near future with Chase. GL, I Closed 2 Chase cards and moved 3 limits late last year with no problem (740 EX).
If you have had recent spend on the card you are closing, you are on hold. There needs to be 1 statement with 0 use before they will move the entire limit. Sometimes you can move everything but $500 (ymmv).
ETA: I called and it was instant and painless.
I haven't spent on the card recently but I did have the AF just hit my card.