Will Chase PC?

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Robrus1
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Will Chase PC?

Postby Robrus1 » Sat Dec 13, 2014 10:11 am

I have a Southwest Rapid Rewards Premier Card through Chase not listed in my signature, but I don't want it anymore, I think I want the Freedom. I assume I'll have to apply and take a HP for the Freedom and cancel the SW, but just thought I'd ask if by chance I can PC it or not to avoid a HP. Also, if I'm not happy with the limit they give me, can I move some credit line from my CSP? Or move the credit line from the SW card to the Freedom?
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Battery111
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Postby Battery111 » Sat Dec 13, 2014 10:45 am

Regarding the question about moving credit lines, yes to both. Chase will allow you to move the entire limit minus $500 on either or both cards. Regarding the PC, I'm unsure. However, I will say probably not. It seems Chase doesn't offer a lot of PC opportunities.
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popamode72
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Postby popamode72 » Sat Dec 13, 2014 11:20 am

Robrus1 wrote:I have a Southwest Rapid Rewards Premier Card through Chase not listed in my signature, but I don't want it anymore, I think I want the Freedom. I assume I'll have to apply and take a HP for the Freedom and cancel the SW, but just thought I'd ask if by chance I can PC it or not to avoid a HP. Also, if I'm not happy with the limit they give me, can I move some credit line from my CSP? Or move the credit line from the SW card to the Freedom?


I've tried calling EO about that and no can do on the PC because it's a cobranded card. Your best bet is to just have your limit reallocated to the Freedom.
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Robrus1
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Postby Robrus1 » Sat Dec 13, 2014 11:36 am

Thanks guys. I applied and was approved, but I'm about at the end of what lenders will give me at the moment. I'm about to close several cards because I have too much available in ratio to my income IMO. I was approved for less than 5K and given the highest interest rate, which I'm really unhappy about. My scores have taken a hit because I paid for a wedding in October, and some high balances reported. Some of it I was not able to PIF/still no lates or anything though. I probably should've waited on the Freedom, but I wanted the $200 sign up bonus. The Freedom makes more sense than the sw card, and no AF. My question now is if I reallocate enough credit to put the Freedom at 5K, will they reissue it as a Signature card if I ask them to? Also, am I stuck with that crappy interest rate forever? Would I have to cancel the card, wait, and reapply down the road? Thanks again.
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CarefulBuilder14
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Postby CarefulBuilder14 » Sat Dec 13, 2014 11:47 am

Battery111 wrote:It seems Chase doesn't offer a lot of PC opportunities.


Some people can - with difficulty - turn a Slate into a Freedom, but I don't think a Southwest PC to Freedom would have been possible.

Regarding Visa Signature on the Freedom - if it's not issued as a Visa Signature, I think you have to wait 13 months and have a $5k+ limit.

I might get a CSP before long and try to turn my 13-month $2k Platinum Freedom into a $5K+ Signature on the same pull.

Congrats and the card and enjoy the point transfers!
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Vattené
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Postby Vattené » Sat Dec 13, 2014 10:58 pm

Congrats on the card. It is possible to get a lower interest rate. I've no firsthand experience and can't tell you what kind of reputation Chase has for doing it, but I have read plenty accounts of people that have successfully gotten theirs reduced.

If they won't do it permanently, I know some lenders will offer temporary reductions, too. Not ideal, but it may be an option if you find yourself having to pay off higher balances over multiple cycles.
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takeshi
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Postby takeshi » Mon Dec 15, 2014 8:33 am

Robrus1 wrote:Thanks guys. I applied and was approved, but I'm about at the end of what lenders will give me at the moment.

How are you determining this?

Robrus1 wrote:I'm about to close several cards because I have too much available in ratio to my income IMO.

I wouldn't recommend assuming that unless it's listed specifically as a reason by a creditor.

Robrus1 wrote:I was approved for less than 5K and given the highest interest rate, which I'm really unhappy about. My scores have taken a hit because I paid for a wedding in October, and some high balances reported.

There's the problem. Your credit and income determine not only the approval but the APR and limit as well. Utilization is a significant risk factor and applying with high utilization can certainly lead to higher APR's and lower limits.

Robrus1 wrote:Also, am I stuck with that crappy interest rate forever?

That's what a lot of people seem to experience with Chase but it's certainly worth a shot to see if they'll drop it.



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