Chase Visa Signature Eligibility

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popamode72
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Chase Visa Signature Eligibility

Postby popamode72 » Wed Dec 24, 2014 1:39 pm

I'm really thinking about moving 4K from my Southwest card to my Chase AARP especially given that after getting the sign up bonus miles from that card that I don't really have any other real use for it anymore outside of getting my foot in the door with Chase back in August. I basically find myself using the AARP quite a lot and really don't like the $1200 limit I have on it right now. I just paid off the entire balance I had on it too so I'm definitely ready to start moving some of that limit around. I'm closing that card eventually before the AF hits again but at the same time I don't want it to affect my internal score with Chase so I'm SDing it for a while.

Anyway, if I were to do this, my AARP card's limit would be $5,200 and I know the minimum limit that they require for Visa Signature cards is 5K. I already have another Visa Signature card with my Ritz. How long does it usually take for the card to become eligible for an upgrade from Visa Platinium to Visa Signature status if you move your credit limits around like this?
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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PlyrStar93
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Postby PlyrStar93 » Wed Dec 24, 2014 4:10 pm

Most likely you need to have the card that you want to upgrade open for 1 year [1]. Have it for 13 months to better ensure eligibility for conversion. Like what's said there, regular customer service may or may not be helpful at all, but executive office should get the job done. You may also use the phone number for EO here [2].

My concern about this would be your Southwest card is a signature, and will Chase allow you to let it go under 5k and keep the card. Since you said there won't be practical use on it, you probably will close it? If so, any reason only move 4k instead of 5k?
Citi Forward Visa $5000 10/2012 | American Express Blue Cash Everyday $8000 2/2014 | Discover it $7000 5/2014
Chase Freedom Visa Signature $7000 6/2014 | Citi ThankYou Premier Visa Signature $5000 1/2015
All EMV.

popamode72
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Postby popamode72 » Wed Dec 24, 2014 4:12 pm

PlyrStar93 wrote:Most likely you need to have the card that you want to upgrade open for 1 year [1]. Have it for 13 months to better ensure eligibility for conversion. Like what's said there, regular customer service may or may not be helpful at all, but executive office should get the job done. You may also use the phone number for EO here [2].

My concern about this would be your Southwest card is a signature, and will Chase allow you to let it go under 5k and keep the card. Since you said there won't be practical use on it, you probably will close it? If so, any reason only move 4k instead of 5k?


I heard that they would probably downgrade it to a Platinum if I were to do that. I'm still thinking about it and wanted some outside input on this. It is my oldest Chase card as hinted in the post and I might just leave 2K on that card in case and then when I'm ready to close it, move as much of that as I can afterwards.

or I can just leave everything as is for now and still SD the SW card in the meantime.
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)

yfan
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Postby yfan » Thu Dec 25, 2014 4:51 am

I assume you primarily use the AARP card as your restaurant card. There aren't really Signature benefits above and beyond Platinum for dining that would indicate a need for signature. Signature cards provide some travel benefits, but the AARP card isn't exactly a travel card.

popamode72
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Postby popamode72 » Thu Dec 25, 2014 8:57 am

yfan wrote:I assume you primarily use the AARP card as your restaurant card. There aren't really Signature benefits above and beyond Platinum for dining that would indicate a need for signature. Signature cards provide some travel benefits, but the AARP card isn't exactly a travel card.


Yes. It is my primary gas and restaurant card right now.

And I didn't realize that in that situation, having the card be a Visa Signature card wouldn't make too much of a difference there. I think I'm much more inclined to consolidate my limit now if it means that I can have a card that I can put even more of my spending on after I'm done meeting the sign up bonus spending requirements for my Ritz.

I'm gonna go ahead with the secured message and ask them to move the 4K over and leave 1K on my SW card. Thank you so much.

Update: They say if I wait exactly a month since my activity on the card that I want to transfer the CL from, they can actually do the entire thing and have that card closed out or I can do a partial consolidation right now for up to 4500 dollars.
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)

popamode72
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Postby popamode72 » Thu Dec 25, 2014 10:05 am

In that case, I'm gonna go through with a full credit line consolidation on January 10th because that's when it has been a month since my last activity on my Southwest card and I can also close out the card then too without having to worry so much about whether they'd keep my card open or not as a Visa Plat. I think I'd hit two birds with one stone with that kind of deal rather than not being eligible in the future to transfer the rest of the CL over if I did the partial CL reconsolidation now.
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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