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Transfer Slate CL and close it?

Established Contributor

Transfer Slate CL and close it?

Now that there's no longer 0% on the Slate, it doesn't seem to serve as a BT card anymore. I also got a SoFi loan to consolidate the high interest cards into one quick pay-down loan, so I have no balances across any cards. 

 

What to do with the Slate? Transfer the the CL to the CSP and close it so that years down the road, if I ever want to re-open it, that "new account" 0% option would be available again?

 

I can't think of a reason to keep it as is and keep it open...?

Starting (July 2013): 557 EQ - 586 TU - 591 EX ** Current: (Jan 2017): 715 EQ - 750 TU - 730 EX ** Goal: 750+ on all
Message 1 of 7
6 REPLIES
Valued Contributor

Re: Transfer Slate CL and close it?

Sounds like a good plan to me. If i were in your situation, thats what id do.. Only use of a Slate is a BT IMHO.... Midas well put that CL where it is a bit more useful. 

Message 2 of 7
Moderator

Re: Transfer Slate CL and close it?


skigirl916 wrote:

Now that there's no longer 0% on the Slate, it doesn't seem to serve as a BT card anymore. I also got a SoFi loan to consolidate the high interest cards into one quick pay-down loan, so I have no balances across any cards. 

 

What to do with the Slate? Transfer the the CL to the CSP and close it so that years down the road, if I ever want to re-open it, that "new account" 0% option would be available again?

 

I can't think of a reason to keep it as is and keep it open...?


That's one good option.   The other would be to PC, but then you wouldn't be able to get a signup bonus for that product.   If you need to preserve the history or the amount of TLs for some reason, PC would be good.   Otherwise, I think consolidating and closing sounds good.  



Start: 619 (TU08, 9/2013) | Current: 806 (TU08, 6/13/18)
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Message 3 of 7
Valued Contributor

Re: Transfer Slate CL and close it?

Do you have any other Chase credit cards? If so, you can move your CL from the Slate to something else. I think you may have to leave  $500 on the Slate but I'm not 100% sure. You can always call Chase to confirm.

 

 

Good luck!!

Message 4 of 7
Regular Contributor

Re: Transfer Slate CL and close it?

You can do a product transfer to the Chase Freedom card or the Chase Freedom Unlimited. You will get the same credit card number. It's just a product change. I would not change to the CSP or the CSR because you will not get the bonus for those cards. I changed my Slate to a Freedom with no problem and was still carrying a balance on it. It's not a new account bringing down my AAoA. It was easier to give up the cash back bonus to a card that earns UR points. Will apply for the CSR when I know I will get it outright  and can get the bonus.

 

Message 5 of 7
Established Contributor

Re: Transfer Slate CL and close it?

Keep it to get FICO score or pc to freedom/FU or move credit line to other Chase product.
EX795: TU800: EQ(Fico8BC)817: ZERO HP on all three CB
Message 6 of 7
Regular Contributor

Re: Transfer Slate CL and close it?

i would product change to the freedom or freedom unlimited.

TCL: 121K

FICO AS OF 04/04/16 EQ: 767 TU: 771 EX: 735
Message 7 of 7