Robrus1 wrote:Personally, I'd leave any credit card debt you need to pay down on the Chase Slate card. A Platinum AmEx is a charge card, and normally the entire balance is due at the end of each month. Were you using the pay over time feature or something? The Chase Sapphire Preferred is a great card, but even if you were to get it and a Freedom, you might as well leave your long term debt on the Slate. I don't know your credit score or if you've had late payments to speculate on whether or not you should apply. I probably wouldn't be adding cards to my wallet until I got my debt under control, but that's just me.
I was using the pay over time feature on Amex and for awhile it was good for us but then it got out of hand. We've gotten it down from $39K to $8K but I want to use a 0% card to burn down the rest. Moving it and the $13K we have on BofA to a 0% is a top priority. The interest rate on the Chase Slate (soon to be a Freedom card since they upgraded me) is so low there's no point moving that debt to a 0% card. I'm perfectly happy letting it sit for 18 months or so until the other debt is paid down.
My credit score before getting the CLIs was 744 (Equifax), 750 (Transunion) and 749 (Experian). We have no late payments in a decade, but our ratios sucked. Now I've gone from $26K total limit to $45K (Amex high not included) in the last week. So I expect those scores to rise too. I'll wait until the new scores as posted next month to make the next move.
And yes, we're long past the period where we can do 0% balance transfers on the Slate (my wife got it in 1998). So unless Chase decides to make a promotional offer for existing customers, I'm going to need a new card from someone else. Enter Discover and Citi for possibilities. The question is not whether either of them would grant me a new card...I'm pretty sure they will. The issue is whether that will give me enough of a limit to swallow the other debt we want to eliminate.
Does anyone have any experience asking Discover or Citi for a specific limit when applying as a new customer?