chase is irritating...

[LS2982]

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@E150GT wrote:
The official reason was the card is under an introductory rate. Otherwise they'd be happy to do it

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Thats weird....so was my freedom but they were telling me 13 months and I could do it.

[navigatethis12]

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@afbar1114 wrote:
It's the law not chase you must wait at least 13 months for any pc

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The law is that any "significant" changes in terms cannot happen within the first year of the card being opened. That is the reason they will not change a no annual fee card to an annual fee card. Different banks interpret it different, because American Express will allow you to change products before one year is up. Some lenders just play it safe and won't do anything at all so that they are not at risk of getting into trouble. Certainly a customer requesting the change would make them okay to do it, but Chase and others do not see it that way.

[FinStar]

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@navigatethis12 wrote:

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@afbar1114 wrote:
It's the law not chase you must wait at least 13 months for any pc

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The law is that any "significant" changes in terms cannot happen within the first year of the card being opened. That is the reason they will not change a no annual fee card to an annual fee card. Different banks interpret it different, because American Express will allow you to change products before one year is up. Some lenders just play it safe and won't do anything at all so that they are not at risk of getting into trouble. Certainly a customer requesting the change would make them okay to do it, but Chase and others do not see it that way.

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+1

[afbar1114]

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@FinStar wrote:

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@navigatethis12 wrote:

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@afbar1114 wrote:
It's the law not chase you must wait at least 13 months for any pc

---

The law is that any "significant" changes in terms cannot happen within the first year of the card being opened. That is the reason they will not change a no annual fee card to an annual fee card. Different banks interpret it different, because American Express will allow you to change products before one year is up. Some lenders just play it safe and won't do anything at all so that they are not at risk of getting into trouble. Certainly a customer requesting the change would make them okay to do it, but Chase and others do not see it that way.

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+1

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o ok ...they probaly dont want a lawsuit down the road or something along those lines

[enharu]

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@afbar1114 wrote:

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@FinStar wrote:

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@navigatethis12 wrote:

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@afbar1114 wrote:
It's the law not chase you must wait at least 13 months for any pc

---

The law is that any "significant" changes in terms cannot happen within the first year of the card being opened. That is the reason they will not change a no annual fee card to an annual fee card. Different banks interpret it different, because American Express will allow you to change products before one year is up. Some lenders just play it safe and won't do anything at all so that they are not at risk of getting into trouble. Certainly a customer requesting the change would make them okay to do it, but Chase and others do not see it that way.

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+1

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o ok ...they probaly dont want a lawsuit down the road or something along those lines

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its easier for them to set 1 rule across the table than to implement different rules for different cards with different AFs. 

[youngandcreditwrthy]

The CARD Act specifies that they can't increase fees during the first 12 months. So legally, they could downgrade you.... So in theory, it'd be easier to start with a high af card then pc to a no af card.
But no, that'd be tooooo easy for them heh 😒

[Anonymous]

I was easily able to convert my Chase Slate to the Freedom. I was kind of mad though because I really wanted to upgrade to the Sapphire Preferred! Oh well! I wish I converted a lot sooner. The slate card was ugly and did not benefit me in any way since I did not do balance transfers. Call and see if a different rep will do it or ask to speak with a supervisor : ) Good luck!