- Posts: 1
- Joined: Thu May 08, 2014 5:45 pm
- Location: Los Angeles, CA
I had three Chase accounts: a Chase Basic that I opened as a Wamu Visa in 2008 with a credit limit of $2000--it became a Chase card when Wamu was taken over; a Chase Freedom Card with a CL of $3,100 that I opened in 2011; and a Chase Slate with a CL of $3,100 that I opened at the same time.
I don't have a need for three cards and I was only earning rewards on the Freedom so I wanted to do a consolidation and product change. I called 1.800.945.2004 this afternoon and couldn't have had an easier time product changing.
In under 30 minutes, I upgraded by Chase Freedom to a Chase Sapphire Preferred Visa Signature and got a credit limit increase from $3,100 to $8000; yes, they did a hard pull. I then consolidated my Slate onto my Chase Basic so as not to lose that original account history and upgraded that product to a Chase Freedom. The only downside was that my full $3,100 CL wasn't available to allocate and I had to settled for $2600 of it for a total new CL on the consolidated card of $4600.
Honestly, I won't have much use for that card given the benefits of the new Sapphire Preferred, but I didn't want to lose three years of account history on the same day I had a hard pull for a credit limit increase. I can live with what I have.
Bottom line: yes, you can do product changes -- even from old Wamu cards that are now Chase Basics. I think it largely depends on how long you've been with the company, how well you use your credit, and what level of card it is you're trying to upgrade.
Hope that helps.