What do you do when your CSP AF is about to hit?

[takeshi74]

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@red259 wrote:

 I would like to pick up some other chase cards (branded cards like marriot or hyatt, united etc) and would not want to hit my internal credit limits or get in a situation where Chase denies me for having too many chase cards (unlikely I would hit this ceiling but you never know),

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You can always reallocate if needed.  I had to do that to open my Freedom.

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@GeneralCucumbre wrote:
However, I cannot speak for moving credit limits between personal and business cards as I have never had a business credit card with Chase...but I want to say I do remember someone moving a limit from one of their personal accounts to a business account.

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You definitely cannot move business to personal.  Can't speak to the reverse as I haven't tried.

@DigitalArk wrote:

Is it better to transfer the CL on CSP to Freedom than downgrading it to CS without AF?

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Which would be more useful to you?

[CreditJim]

Sorry to hijack but I was wondering if I could do the reverse, open a CSP when the AF on my BA visa is due and transfer the CL to the CSP then close the BA? Or will they not allow that as a co-branded card?

[Cdnewmanpac]

They allowed me to transfer my SW credit limit to my CSP last year (minus $500 they said they had to leave).

[CreditJim]

Thanks, good to hear. I will do that later in the year when the AF for the BA is due.

[indiolatino61]

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@red259 wrote:

While still about a year away and things can change I thought I would throw this out there and see what opinions are. I currently have the CSP. In the summer I intend to pick up the Chase ink plus/bold. Since those business cards would cover my ability to transfer to travel partners I would not want to keep the CSP past the first year. I also have the freedom card. The CSP is my largest current credit line (in a year it may be amex but for now its 17k). I see two options. Cancel the CSP or PC it to a CS and sock drawer it. I don't see any reason why I would use the CS once I downgrade. 

Reasons to downgrade: Keeps account open for AAoAs (I understand it will stay on my record for ten years even if closed, but my revolving credit history is short), I'm not sure if Chase would let me transfer my entire credit line to Freedom or other newly aquired chase cards. Does chase require I have the card 13 months before transferring the credit line? If so I guess I would have to eat the AF for the first year at least. 

Reasons to cancel: I would like to pick up some other chase cards (branded cards like marriot or hyatt, united etc) and would not want to hit my internal credit limits or get in a situation where Chase denies me for having too many chase cards (unlikely I would hit this ceiling but you never know), if I downgrade does that mean I will not be able to reapply for the CSP in the future and get the bonus again?   

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I like it, so I'll probably just pay it...at least for now...lol.

[red259]

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@indiolatino61 wrote:

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@red259 wrote:

While still about a year away and things can change I thought I would throw this out there and see what opinions are. I currently have the CSP. In the summer I intend to pick up the Chase ink plus/bold. Since those business cards would cover my ability to transfer to travel partners I would not want to keep the CSP past the first year. I also have the freedom card. The CSP is my largest current credit line (in a year it may be amex but for now its 17k). I see two options. Cancel the CSP or PC it to a CS and sock drawer it. I don't see any reason why I would use the CS once I downgrade. 

Reasons to downgrade: Keeps account open for AAoAs (I understand it will stay on my record for ten years even if closed, but my revolving credit history is short), I'm not sure if Chase would let me transfer my entire credit line to Freedom or other newly aquired chase cards. Does chase require I have the card 13 months before transferring the credit line? If so I guess I would have to eat the AF for the first year at least. 

Reasons to cancel: I would like to pick up some other chase cards (branded cards like marriot or hyatt, united etc) and would not want to hit my internal credit limits or get in a situation where Chase denies me for having too many chase cards (unlikely I would hit this ceiling but you never know), if I downgrade does that mean I will not be able to reapply for the CSP in the future and get the bonus again?   

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I like it, so I'll probably just pay it...at least for now...lol.

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I eat at a lot of restaurants but I can't see paying the AF just to get the restaurant bonus. Any recommendations on other travel related cards that are good for restaurant spend?