The plan: Chase Freedom to Freedom Signature

[maiden_girl]

I do all my banking with Chase so that helped with inital CL when I first opened the account. At that point, my highest CL was probably 1500? I think. Lol.

[IcEWoLF]

I have a regular CS with 2.2k limit that is a visa signature...

I wouldn't necessarely say 5k is a guaranteed upgrade to visa signature...best thing to do is to call them.

[Kenny]

WOW @ Supervelous's comment. That's crazy. Guess I shouldn't garden so long to apply for CSP.. I could just go ahead and apply now. lol

I would apply for CSP when you are ready to try to make the Freedom a siggy and just transfer some limit from there. Might as well make the HP worth it. (As I highly doubt that your HP would be more than 5k on your Freedom which a CSP approval would mean at least 5k.)

edit: typo. LOL

[drkaje]

I've gone back and forth with this issue and just can't convince myself upgrading the Freedom and a CLI are worth an HP. My other cards grow with regular use or SPs so it's just not going to happen.

If it's really worth a temporary score dip and HP hanging around two years, pull the trigger.

As someone posted above: OP could apply for another Chase Product, move over some of the limit, and hope they will upgrade you to a signature account. Decreasing one's AAOA, another HP, and taking on an unwanted card seems like a pretty big commitment.

[youngandcreditwrthy]

I started with a $5k cl on my freedom in 07/2012. It did not start out as a Signature even though I was told it was. I have called them twice iirc to inquire about getting it changed over to the Signature. One rep told me six months; that wasn't true; one rep toldme after a year; that isn't true.
The last rep whom I spoke with in the past week simply explained it wasn't possible ans that I'd need to app for a new card.
Really??!?
Chase is on my s*** list atm. -.-

[supervelous]

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@KennyS2006 wrote:
@Anonymous @ Supervelous's comment. That's crazy. Guess I shouldn't garden so long to apply for CSP.. I could just go ahead and apply now. lol

I would apply for CSP when you are ready to try to make the Freedom a siggy and just transfer some limit from their. Might as well make the HP worth it. (As I highly doubt that your HP would be more than 5k on your Freedom which a CSP approval would mean at least 5k.)

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you're telling me, I agree.  I had just been denied an increase from Cap 1 on a $300 limit on 8/14/13, and had never been approved for a prime credit card in my life to this point.  My FICOs were all 680-690 range, and on various FAKO's I was given an F or D for "Payment History" because of my 27 lates.  

That's why I'm confused now about the whole signature thing.  They gave me 2 Visa Signatures within about 24 hours.  And all my limits prior were below $1,000 except for an Express Credit Card at $1,700.  I kept apping, getting instantly approved for $5K, $6K, $8,500, then finally $2K AMEX.  For the CSP they did pull both my TU and Experian though.

The only things I can think of are even with my 27 lates, none in 2013, 2 in 2012 but none on credit cards so no credit card lates in probably 2+ years.  Good debt to income ($5k or so total debt, $75K income).  No credit card balances, prior relationship with Chase of 5 years or so.  

[TheConductor]

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@maiden_girl wrote:

Chase doesn't have any other cards that suit my needs. I really like the Freedom.

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I think the Sapphire Preferred meets the needs of anyone who uses the Freedom heavily.  The 1:1 points transfer with partners significantly increases the value of your UR points, and you only get that benefit with the Preferred.

[Themanwhocan]

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@youngandcreditwrthy wrote:
I started with a $5k cl on my freedom in 07/2012. It did not start out as a Signature even though I was told it was. I have called them twice iirc to inquire about getting it changed over to the Signature. One rep told me six months; that wasn't true; one rep toldme after a year; that isn't true.
The last rep whom I spoke with in the past week simply explained it wasn't possible ans that I'd need to app for a new card.
Really??!?
Chase is on my s*** list atm. -.-

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Then where is the application for the Signature version? The agent's suggestion doesn't make sense unless they could tell you where to aply for the Freedom Signature version.

[longtimelurker]

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@TheConductor wrote:

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@maiden_girl wrote:

Chase doesn't have any other cards that suit my needs. I really like the Freedom.

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I think the Sapphire Preferred meets the needs of anyone who uses the Freedom heavily.  The 1:1 points transfer with partners significantly increases the value of your UR points, and you only get that benefit with the Preferred.

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Well, probably not everyone. I think a lot of people, who presumably don't do a lot of travelling, use Freedom as a pure cashback card, using the 5% categories, and, with a chase checking account, getting a 10% bonus at the end of the year and an extra card isn't that appealing.

Of course, those who can should get it anyway for the $400 sign up, even if they cancel/downgrade after the first year.

[maiden_girl]

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@longtimelurker wrote:

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@TheConductor wrote:

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@maiden_girl wrote:

Chase doesn't have any other cards that suit my needs. I really like the Freedom.

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I think the Sapphire Preferred meets the needs of anyone who uses the Freedom heavily.  The 1:1 points transfer with partners significantly increases the value of your UR points, and you only get that benefit with the Preferred.

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Well, probably not everyone. I think a lot of people, who presumably don't do a lot of travelling, use Freedom as a pure cashback card, using the 5% categories, and, with a chase checking account, getting a 10% bonus at the end of the year and an extra card isn't that appealing.

Of course, those who can should get it anyway for the $400 sign up, even if they cancel/downgrade after the first year.

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I don't travel alot so the CSP wouldn't benefit me at all. And I can't justify spending 95 a year for the CSP...I use Chase Freedom purely for cashback b/c I redeem my UR points on purchases and earn even more points to use for future purchases or statement credits. And since I have a checking relationship with them...I get 10%.