Reading a couple of accounts of Chase AA

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MemberSince99
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Reading a couple of accounts of Chase AA

Postby MemberSince99 » Sat Mar 08, 2014 12:15 pm

over on the FICO board. They are all buzzing about it.


Could be just a couple of cases of people getting hit, or something bigger, who knows.


I guess really I don't care what they do. It's their prerogative to close the accounts anytime they feel like it, and mine to pull my money out of their bank and go elsewhere at my discretion as well. That's about all you can really say and do - let them do what they think best, and if they do that, move on to someone else who wants your business.


I still feel like diversifying is a really smart idea and let them compete for your business. Don't put all your eggs in one basket and put yourself totally at their mercy.


I don't think Chase will AA me, but if they did, I'd simply pull my money out of there and move back to Associated, and life would go on. If anything it would be easier with fewer cards to manage. I'm planning on using Associated for my mortgage anyway so no biggie to me. That's what diversification does for you, it would be merely an inconvenience to move my money over. Where if all I had is Chase (or any single lender) yeah that would suck.


thom02099
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Postby thom02099 » Sat Mar 08, 2014 1:07 pm

Chicken Little has left the building.... !

All sorts of speculation and conspiracy theories over there; so far though, I've not seen Obama or the GOP as the cause, but it could happen ! !
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MemberSince99
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Postby MemberSince99 » Sat Mar 08, 2014 4:22 pm

What about OCCU have you checked for them?

JoDa
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Postby JoDa » Sun Mar 09, 2014 5:53 pm

By now you are aware of my history with Chase. Perhaps they are giving me the lines from people who don't use their cards enough. :D I've never let my cards with them sit, but I've also never paid them interest and they basically THROW money at me these days. My UMP has been basically inactive since I got the CSP awaiting a consolidation (couldn't get everything in fast enough to avoid the fee and have the whole line transferred over while missing the fee for this year), and they threw another $4K at me, I'm assuming, to try to persuade me to go back to using it.

(why care? Well, I get 3x miles if I book on UA with the UMP, and since the fee was done for this year and I may end up paying for a couple of flights, I figured I'd just keep it active and use it for those things until next winter.)
CSP $19K
BOA $4K
UMP $11.5K
Target Visa $1.5K

MemberSince99
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Postby MemberSince99 » Sun Mar 09, 2014 5:58 pm

They clearly like you.


And that's the thing with lenders - you just never know who will like you and who won't until you deal with them or try to via app'ing and find out. Some of them will love you and throw limit at you and actively try to keep you in the fold, some of them are kind of "meh" we can take you or leave you and others wouldn't pee on you if you were on fire. I'd really love to know the how and why of it all but it will probably just remain one of those interesting mysteries.

JoDa
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Postby JoDa » Sun Mar 09, 2014 6:38 pm

Basically spot on Member. I once had an HSBC card. It was a sub-prime card, but I was young when I got it and used it responsibly - never owed an interest-bearing balance, never went over my line, never missed a payment. I called in one day to get my balance (I had charged something small on it but couldn't remember *exactly* how much it was). I was expecting to just use the automated system to get the balance and program a payment. Instead, they gave me a live operator who interrogated me ("why are you calling about your balance? Are you having trouble making your payments?"). I explained I just needed the balance to pay it (it was 50-some dollars), and that I was paying it in full the day after this call. Lo and behold, the next month they cut my line in half and three months later outright cancelled the card. Similar song-and-dance with Cap One...I had one of their subprime cards, and when I got established called them to find out if I could get a CLI or do a PC to a better card and they were like "NOPE." So I cancelled the card and now they send me weekly emails begging me to come back.

Just find a lender who "likes" you and reward them for that. While Chase doesn't earn interest on me, they get massive swipe fees, and I'm sure they're thrilled with the fact I use my card multiple times a day. BOA and Target don't seem to mind that I only use their cards a few times a year. Everyone else can shove it unless they're willing to grovel. :)
CSP $19K
BOA $4K
UMP $11.5K
Target Visa $1.5K



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