CarefulBuilder14 wrote:Do you have a balance you actually need to transfer? Or you're just bored with Slate and asking hypotheticals about why it might be worth closing or keeping?
A little of both. My balance transfer will expire in the summer of next year, but they sent me checks in the mail recently which made me think of whether I would really find it useful after my balance transfer is paid off.
I have heard about how Chase is not likely to approve APR changes, which has got me thinking that I should close the Slate once it's paid off and wait. As far as my credit goes with them, I have a Freedom, and I merged my credit line ($500) from my Amazon Visa (and closed it) to my Slate to bring the limit to $3000.
Closing the Slate would leave me with the Freedom only (with a $3500 CL). It might be better to close it in order to be eligible for another balance transfer in the next 24 months. No interest/no fee is very uncommon, so I'd like to have that option open again if I need it again.
American Express: Blue Cash Everyday (10k), Everyday, Plenti ; Discover It (7.3k) ; Target (1.6k)
Citi: Diamond (2k) ; Bank of America: Cash Rewards (2.6k) ; Capital One: Quicksilver (3k) , Sony ; Chase: Freedom (3.7k), Slate (3k), (Amazon) ; Barclay Ring ; Synchrony: Walmart MC, Amazon, Ebates