@UncleB wrote:
@IFtkkdx428 wrote:
If one has a low credit limit on the Chase Freedom, then it might be better to either wait for an automatic CLI or use a HP for a CLI. I understand Chase might be 'singy' with CL's; but I don't agree with applying for another credit card product, for the sole purpose of transferring the SL. However, if one is meeting the maximum $1,500 in combined purchases in bonus categories; then this might be a good reason for another Freedom. Still, there might be an underlying need here. One must look to see what category is making them reach that $1,500 threshold and weather there is another credit card product that might better meet those needs.
I generally have a pretty good feel for activity that is ethically 'iffy', for example out-of-the-ordinary MS falls into that category for me, as would applying for the same card multiple times just to get a new account bonus. This being said, re-apping the same card for the purpose of getting a better APR and/or CL to me is completely ethical and 'OK'.
You mention you don't agree with applying for another Chase product with the intention of transferring the CL to another card, but I don't see the negative in that. Is there an ethical concern with this I'm missing?
Good question and thank you for asking! I don't believe acquiring a card for the sole purpose of transferring the SL is unethical. Ethics does not influence any statements I voice here on the myFICO community.
