Chase Freedom Mastercard application?

Discuss the Visa & MasterCard payment networks as well as cards that operate through them.
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dragon452
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Postby dragon452 » Sat May 17, 2014 11:54 pm

Yes my friend, a product change is just a phone call away (for a good customer), BUT: I'll not get any "deals" offered to new applicants as far as extra rewards points for spending money in the first 90 days, nor will I get away with not paying the annual fee for the first year. So, if I would like to swap a Freedom Card for a Sapphire Preferred Card, I'll get NOTHING in the bonus points, and $95.00 worth of points will come right off the top to cover the AF. The regular Sapphire card alleviates that AF loss, but loses some of the features that I want in the Preferred card. I also wonder if Chase will really make a "TRUE TRANSFER" to the new card as far as carrying over the same credit limits and APR's: My oldie goldie Visa Signature has an APR of 9.24%. Will Chase give me a Sapphire or Sapphire Preferred card with that same rate, or tell me "it's not possible to do that APR with this product change"...that would kill everything. Has anybody had actual experience with product changes recently? Please advise!


takeshi
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Postby takeshi » Tue May 20, 2014 11:43 am

dragon452 wrote:My oldie goldie Visa Signature has an APR of 9.24%. Will Chase give me a Sapphire or Sapphire Preferred card with that same rate

I wouldn't expect so given the current rates offered on those cards but you'd have to call to verify. Does the 9.24% card have any rewards? Rewards typically come with higher APR's.

You could keep the 9.24% card, open the CSP and, if needed, move limits around.

dragon452
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Postby dragon452 » Wed May 21, 2014 12:44 pm

takeshi wrote:I wouldn't expect so given the current rates offered on those cards but you'd have to call to verify. Does the 9.24% card have any rewards? Rewards typically come with higher APR's.

You could keep the 9.24% card, open the CSP and, if needed, move limits around.


Yes, this 9.24% card is a Freedom Signature Visa with a perfect history and a ($26,000.00) credit line (acct. start date on file with Chase is August 1973). My Chase Freedom World MasterCard will be phased out soon ($20,000.00 limit, start date January 1973, perfect record), but the interest is higher (13%). I don't want to open new accounts anymore (nobody will match or come close to what I've got with Chase or my Capital One accounts), so I either have to live with TWO Visa Freedom cards (with different limits & APR's), OR convert one of them to another kind of Chase card, (I'd like to have two cards instead of one with a huge limit). I'd just like a heads up on Chase's APR conversion guidelines when doing a card product change with APR's that low, or credit limits that high (before I call a Chase supervisor to make embarrassing demands). Thanx!

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djrez4
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Postby djrez4 » Wed May 21, 2014 2:45 pm

I've seen examples of a grandfathered interest rate remaining on an account through a product change. No guarantees, though.
[RIGHT][size=100]- Sapphire Preferred - Freedom - Ink - Platinum - Everyday Preferred -[/size]
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