Chase Slate Invitation

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popamode72
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Postby popamode72 » Sat Sep 20, 2014 10:23 pm

MemberSince99 wrote:I thought long and hard about the CSP invitation and you probably guessed it - I bit. I figured just like every other time I've applied with Chase I'd get the "manual review" message, but to my shock it was instant approval. The limit is 12k.


What pushed me over the edge to do it besides it being metal (seriously one of the reasons) is knowing Chase may not give you a CLI on your existing card but they do seem to often give you a new card with a high limit that you can just transfer anyway. Strange but true - I don't get that logic but hey, doesn't mean I can't use it to my advantage.


Nice. I guess you can just transfer the limit of the Freedom card you're not using anymore and end up with around a 23k card you might actually use. That works out quite nicely IMHO.
Macy's TLs (21k), Lowes (17k), CSP (10k), Sam's Club (10k), Nordstrom (5k), AARP (4.2k), Freedom (3k), Discover (1.5k), Quicksilver (2k), BoA (3k), Barclaycard Arrival (2.5k), Amazon Store (6k), Paypal (4.9k), Sam's Club MC (3.6k), Walmart MC (1.2k)


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Vattené
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Postby Vattené » Sat Sep 20, 2014 10:56 pm

Agreed, that would work out well since you don't use the Freedom for anything (and presumably you will be using the CSP). Congratulations, that is quite a nice limit. They must want to take you away from Amex ;)

Out of curiosity, how does this work? Would they likely close out the Freedom account and move everything to the new CSP, or is the idea to transfer as much of the limit while keeping the Freedom open with a nominal amount, say $500?
-Vattené
FICO-8:
EX - 809 (11/16) | TU - 803 (11/16)
Primary Cards:
American Express EveryDay - $20,000 (10/14)
Discover it - $23,000 (2/14)
AU on Barclay Sallie Mae - $10,000 (8/15)
plus several store accounts of varying usefulness now

MemberSince99
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Postby MemberSince99 » Sun Sep 21, 2014 8:07 am

They usually require you to leave 500 on the card you transfer from, but allow you to transfer the rest without a hard pull or anything. You can then close the card you are transferring out, or if you wanted you could leave it open with a 500 limit. (I just closed the card when I did this).


I'm really not looking at closing the Freedom though. Amazon 5% is coming up. And I got their best terms on it (12.99%) even though I don't carry a balance.


Don't mean to beat a dead horse here (though that never stopped me before) but it's funny how all these lenders seem to want my business but my insurance company says my credit sucks so bad they have to raise my rate. I'm sure when they see the two new inquires for this and a slight lowering of AAoA that will jack me up to the level of a "credit terrorist" if I'm not already there, and jack my rates across the board for this crime against insurance. God those companies are all basically organized crime. Pisses me off to think how my tax dollars bailed those d-bags out. I know, off topic, way off topic....

popamode72
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Postby popamode72 » Sun Sep 21, 2014 10:49 am

MemberSince99 wrote:They usually require you to leave 500 on the card you transfer from, but allow you to transfer the rest without a hard pull or anything. You can then close the card you are transferring out, or if you wanted you could leave it open with a 500 limit. (I just closed the card when I did this).


I'm really not looking at closing the Freedom though. Amazon 5% is coming up. And I got their best terms on it (12.99%) even though I don't carry a balance.


Don't mean to beat a dead horse here (though that never stopped me before) but it's funny how all these lenders seem to want my business but my insurance company says my credit sucks so bad they have to raise my rate. I'm sure when they see the two new inquires for this and a slight lowering of AAoA that will jack me up to the level of a "credit terrorist" if I'm not already there, and jack my rates across the board for this crime against insurance. God those companies are all basically organized crime. Pisses me off to think how my tax dollars bailed those d-bags out. I know, off topic, way off topic....


I always wondered what the hell the insurance score was for anyway and how sensitive it is even to just a few inquiries. I always see it when I log into Credit Karma and it always tells me it's poor. That's also pretty stupid of them to jack up your rates considering how amazing your FICO scores are. It reeks of a scam there.

What insurance company do you currently have?
Macy's TLs (21k), Lowes (17k), CSP (10k), Sam's Club (10k), Nordstrom (5k), AARP (4.2k), Freedom (3k), Discover (1.5k), Quicksilver (2k), BoA (3k), Barclaycard Arrival (2.5k), Amazon Store (6k), Paypal (4.9k), Sam's Club MC (3.6k), Walmart MC (1.2k)

MemberSince99
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Postby MemberSince99 » Sun Sep 21, 2014 11:55 am

HA the one on CK is a big joke my rating on there is ALWAYS atrocious, but I have not had a ticket, accident or claim since 1988 and my credit is in my signature so how they came up with that is beyond me, but it really makes me wonder just what I'd have to do to get a "fair" score - die on a cross and rise again in 3 days?


It's State Farm, I'm sure they were just fishing for a reason as the rates are honestly low and I'm sure they'd prefer they were higher, and that allowed them a reason. I mean if they want to, even if they don't have a reason they'll find one. It's just like performance reviews - if you do everything perfect, they'll ding you for not having a healthy "work/life balance". You can always find a reason to rip apart anything if you want to.


They obviously are tired of me getting their best rate and wanted a reason to increase the premium, the facts be damned. I know it's not personal and it's just business and it's always "bend me over" time with these guys but yeah I took it personally.

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Vattené
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Postby Vattené » Sun Sep 21, 2014 12:02 pm

MemberSince99 wrote:Don't mean to beat a dead horse here (though that never stopped me before) but it's funny how all these lenders seem to want my business but my insurance company says my credit sucks so bad they have to raise my rate. I'm sure when they see the two new inquires for this and a slight lowering of AAoA that will jack me up to the level of a "credit terrorist" if I'm not already there, and jack my rates across the board for this crime against insurance. God those companies are all basically organized crime. Pisses me off to think how my tax dollars bailed those d-bags out. I know, off topic, way off topic....


I don't know..sure your credit is in the 770's, but two new inquiries!? You'll probably go straight to "credit Disney villain." Forget about paying higher rates. No, you could never afford to compensate them for all the risk you pose; you may as well submit yourself to indentured servitude now.
-Vattené
FICO-8:
EX - 809 (11/16) | TU - 803 (11/16)
Primary Cards:
American Express EveryDay - $20,000 (10/14)
Discover it - $23,000 (2/14)
AU on Barclay Sallie Mae - $10,000 (8/15)
plus several store accounts of varying usefulness now

MemberSince99
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Postby MemberSince99 » Sun Sep 21, 2014 12:05 pm

And that's even before we consider "MyFICO" - on that board I would no doubt be considered a worse villain than Hitler, and banned for life if I wasn't already and maybe executed for such terrible crimes against credit.

MemberSince99
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Postby MemberSince99 » Mon Sep 22, 2014 10:59 am

I actually forgot this and only just now remembered it - if you move limits between Chase cards, the 500 they make you leave on the card you are moving limit from only has to be kept there IF the card has had activity in the last 30 days, is what their analyst told me on the phone. So if you want to move the whole thing don't use the card for say 6 weeks, THEN move limit, and you should be able to get the whole thing. That's what I was told. I just forgot that, though at the time I regretted leaving 500 on the table....

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Vattené
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Postby Vattené » Mon Sep 22, 2014 11:44 am

So is the Freedom nixed now or did you learn that too late? I see it has been left in your signature.
-Vattené
FICO-8:
EX - 809 (11/16) | TU - 803 (11/16)
Primary Cards:
American Express EveryDay - $20,000 (10/14)
Discover it - $23,000 (2/14)
AU on Barclay Sallie Mae - $10,000 (8/15)
plus several store accounts of varying usefulness now

MemberSince99
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Location: WI

Postby MemberSince99 » Mon Sep 22, 2014 2:09 pm

No I will keep it open.



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