Chase co-brand cards and issuer concentration

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CarefulBuilder14
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Chase co-brand cards and issuer concentration

Postby CarefulBuilder14 » Sun Aug 30, 2015 12:59 am

I have Freedom, CSP, and IHG from Chase. I don't plan to close any of them.

I've stayed at Hyatts enough that once I have the chance to make great use of the 2 free nights, I might add that card to keep. My current travel habits wouldn't need to change much for me to make good use of the annual free night, and the little perks (modest upgrades, late checkout) would be nice.

I'm tempted by Marriott and Fairmont - mostly for the bonuses. I don't see myself keeping either one in the long run.

I know I'll have to have some patience before Chase will give me a total of 6 cards.

Does anyone else feel like most of the cards you want to add are from the same issuer you already have several cards with?

Schwab Amex might also be tricky, considering that I already have three Amex cards. BCE and PRG are somewhat expendable, though.
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


Vermonster
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Re: Chase co-brand cards and issuer concentration

Postby Vermonster » Sun Aug 30, 2015 8:16 am

Chase tends to have a total credit line limit rather than a card number limit. If you start getting approvals for cards with a $500 limit, you're at the limit. Generally they'll let you move limits around though so you can have a usable card.

I will probably add an IHG next year and maybe something else seeing as how our plans to buy a house have changed. I do worry about having too many Chase cards but I think Freedom and CSP are pretty safe. All the hotel cards are risky IMHO as they seem to be more prone to devaluation or general changes in rewards
Chase Freedom $9k~~Chase Sapphire Preferred $6.5k~~Amex Blue Cash Preferred $12.4k~~Citi Double Cash $4.7k

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CarefulBuilder14
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Re: Chase co-brand cards and issuer concentration

Postby CarefulBuilder14 » Sun Aug 30, 2015 6:34 pm

Vermonster wrote:Chase tends to have a total credit line limit rather than a card number limit. If you start getting approvals for cards with a $500 limit, you're at the limit. Generally they'll let you move limits around though so you can have a usable card.

I will probably add an IHG next year and maybe something else seeing as how our plans to buy a house have changed. I do worry about having too many Chase cards but I think Freedom and CSP are pretty safe. All the hotel cards are risky IMHO as they seem to be more prone to devaluation or general changes in rewards

I could move some limits around, true. I'd want to keep a nice CL on CSP, but Freedom and IHG could endure a little cut.

I'm not sure what a Hyatt card nerf would entail. It might be at risk for category inflation.
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

yfan
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Re: Chase co-brand cards and issuer concentration

Postby yfan » Mon Aug 31, 2015 4:16 pm

Chase is famous for cobranded cards. The only bank that rivals them in that space is probably Comenity, but they are a different beast as they are more into store cards rather than travel cards (except the Comenity Orbitz Rewards Visa). So if you are into cobranded cards, it's not surprising that Chase is the lucrative bank for you.

For me, oddly enough, Citi is going to end up being my top lender (and lender of choice) assuming their Costco cobranded card is something similar to or better than the Amex Costco TE. Until very recently, I never really paid any attention to them even though I have had 2 Citi cards for about 4 years now.



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