What are my options with a useless Chase Slate card?

[Anonymous]

I have had a Chase Slate card since 2005 but haven't used it in many years. Instead of closing the card, I just cut it and through it away years ago. I am very surprised that Chase hasn't closed it through these years.

Anyways, in the last week I opened 3 new CC's and will probabely open another 1-2, which means that my AAoA is going to take a hit. Chase CSR told me that I can only PC to Freedom, but I already have the card. What would you say are some of my better options with this card to minimize the demage it can do to my credit report/score?

Additionally, if I am to keep this card, I need to get a replacement. Chase told me that the only way they can do that is if they report the old one lost/stolen and issue me a new one. What effect will this have on my Credit report?

Thanks

[Involver]

Transfer the limit to your Freedom and close the Slate.

[twist7d7]

---

@Involver wrote:

Transfer the limit to your Freedom and close the Slate.

---

That would hurt AAoA. id email the EO or maybe try pcing the freedom to something else and then pc the slate to freedom.

[Anonymous]

---

@twist7d7 wrote:

---

@Involver wrote:

Transfer the limit to your Freedom and close the Slate.

---

That would hurt AAoA. id email the EO or maybe try pcing the freedom to something else and then pc the slate to freedom.

---

I just opened the Freedom. Don't you have to wait 12 months to PC to somthing else?   I have my eye on CSP, but I wouldn't want to PC to CSP and loose bonus.

[jsucool76]

I'm thinking about moving my slate limit to my marriot card as well, just not sure if I want to do it yet. 

[baller4life]

---

@twist7d7 wrote:

---

@Involver wrote:

Transfer the limit to your Freedom and close the Slate.

---

That would hurt AAoA. id email the EO or maybe try pcing the freedom to something else and then pc the slate to freedom.

---

Why would it hurt AAoA when it stays on report for 10 yrs? It would affect util. That's it.

[twist7d7]

---

@baller4life wrote:

---

@twist7d7 wrote:

---

@Involver wrote:

Transfer the limit to your Freedom and close the Slate.

---

That would hurt AAoA. id email the EO or maybe try pcing the freedom to something else and then pc the slate to freedom.

---

Why would it hurt AAoA when it stays on report for 10 yrs? It would affect util. That's it.

---

You are correct! im sorry haha must have slipped my mind. anyways you could app for the CSP and transfer the limit.

[Involver]

App for the CSP, then transfer your limit from the Slate to Freedom / CSP in whatever denomination you choose and close the Slate.

You won't take an AAoA hit for closing Slate.  You will, however, for opening a new account.  But AAoA concerns shouldn't really be serious unless you're crossing specific thresholds (2 / 5 / 10 / 20 yrs) and have a need for optimal scoring.

[Irisa]

---

@Anonymous wrote:

I have had a Chase Slate card since 2005 but haven't used it in many years. Instead of closing the card, I just cut it and through it away years ago. I am very surprised that Chase hasn't closed it through these years.

Anyways, in the last week I opened 3 new CC's and will probabely open another 1-2, which means that my AAoA is going to take a hit. Chase CSR told me that I can only PC to Freedom, but I already have the card. What would you say are some of my better options with this card to minimize the demage it can do to my credit report/score?

Additionally, if I am to keep this card, I need to get a replacement. Chase told me that the only way they can do that is if they report the old one lost/stolen and issue me a new one. What effect will this have on my Credit report?

Thanks

---

A replacement card won't affect your credit. 

Since you've already applied for a Freedom, I would keep both the Slate and new Freedom open for now. I would move the CL and close the new Freedom after applying for the CSP. Then ask for a PC from Slate to Freedom. That's the more complicated option.  

A simpler option would be to close Slate, move the CL to Freedom, then app for CSP.  Your score may take a temporary hit for inquiries/new accounts, but closing the Slate card won't affect your AAoA for another 10 years. 

[afinch1992]

PC it to a second Freedom if they'll let you. Transfer some of the limit if you want to app for CSP, but I don't see why you should close it unless you are against having a card SDed.