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Need advice about closing Chase card

Senior Contributor

Re: Need advice about closing Chase card

agree with above posters..I would close it as I do not see a benefit from this card that other cards do not offer Smiley Happy
Message 11 of 13
Established Contributor

Re: Need advice about closing Chase card

Haha, no sentimental reason to keep the card. I've never closed a cc account before so it makes me nervous for some reason....lol    I really want to close the bp, vs and brylane. I will close the bp first. Should I space out the others I am closing? Christmas is coming up and I have a 1500.00 trip I will be running a balance on from dec.- feb.  So should I close bp now and then the others after March?

 

 


FinStar wrote:

snowkitty wrote:

FinStar wrote:

Unfortunately, Chase cannot allocate the CL from a private label product to your mainline CCs, such as the CSP or Freedom.


I didn't even think about that being a private label. My original hopes were for the BP card to be upgraded to the BP Visa but they told me a while back that I would have to apply seperately for the BP Visa. I don't need it that bad.


Correct, you would have to apply for the BP Visa separately - no upgrade.  Sounds like you're still on the fence?  IMO, I would close it - unless there are sentimental reasons you're attached to the $400 and the CC  Smiley Wink




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Message 12 of 13
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Community Leader
Senior Contributor

Re: Need advice about closing Chase card


snowkitty wrote:

Haha, no sentimental reason to keep the card. I've never closed a cc account before so it makes me nervous for some reason....lol    I really want to close the bp, vs and brylane. I will close the bp first. Should I space out the others I am closing? Christmas is coming up and I have a 1500.00 trip I will be running a balance on from dec.- feb.  So should I close bp now and then the others after March?

 

 


FinStar wrote:

snowkitty wrote:

FinStar wrote:

Unfortunately, Chase cannot allocate the CL from a private label product to your mainline CCs, such as the CSP or Freedom.


I didn't even think about that being a private label. My original hopes were for the BP card to be upgraded to the BP Visa but they told me a while back that I would have to apply seperately for the BP Visa. I don't need it that bad.


Correct, you would have to apply for the BP Visa separately - no upgrade.  Sounds like you're still on the fence?  IMO, I would close it - unless there are sentimental reasons you're attached to the $400 and the CC  Smiley Wink





I would close the BP card 1st.  Then, you can evaluate your situation at springtime and prune the other two - perhaps VS if you're not using or reaping the rewards fast enough and then Brylane last.  This will be ultimately up to you of course - weigh the pros and cons.  Ultimately, evaluate utilization factors, age (no AF) or just plain and simple not carry any CCs you no longer need.

Message 13 of 13