Enlighten me on oldest account

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JonE
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Enlighten me on oldest account

Postby JonE » Fri Sep 02, 2016 11:22 pm

I have a Chase Freedom, my oldest account by a month (Care Credit was opened soon after in 2014). I could decide to PC it to an Unlimited at some point but would that affect oldest account status? Or would it just change over to the CFU? (total newbie question I concede, but I couldn't figure this one out, and couldn't find any reasonable information).
Current Cards: Chase Freedom, Discover IT
Future: TBD


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CarefulBuilder14
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Re: Enlighten me on oldest account

Postby CarefulBuilder14 » Sat Sep 03, 2016 10:37 am

You'll keep the history. The rewards will change.

I don't know they will determine rewards on recent and pending transactions, though. I suspect a determined MSer could not go back and forth between Freedom and Unlimited to get a dozen different $1,500 quarterly bonus caps.
Wallet: Prestige CSP SchwabPlat Freedom It Hyatt SallieMae AAPlat
SD: Arrival BrooksBros BCE ED IHG
Letting new accounts cool off since May
Really not sure what I'll add next or when

takeshi
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Re: Enlighten me on oldest account

Postby takeshi » Sun Sep 04, 2016 8:22 pm

JonE wrote:I could decide to PC it to an Unlimited at some point but would that affect oldest account status?

A product change doesn't change the open date of the account.

That said there are creditors that perform a "product change" by closing the existing account and opening a new account. Those are not actually product changes. Chase isn't one of them though.

JonE wrote:(total newbie question I concede, but I couldn't figure this one out, and couldn't find any reasonable information).

How are you searching? First hit on a site restricted Google search (just add site:creditcardforum.com to your keywords to search this site using Google) for this site had a post form someone talking about a Chase product change and retaining history. Product changes are a fairly common topic on other sites as well.



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