Requirements for Chase Freedom Visa Signature upgrade?

Discuss the Visa & MasterCard payment networks as well as cards that operate through them.
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Luxe
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Requirements for Chase Freedom Visa Signature upgrade?

Postby Luxe » Tue May 06, 2014 1:34 am

I was recently told by a Chase analyst that there is an $8000 limit requirement to upgrade to the Visa Signature Freedom. Other sources say the requirement is $5000 because CSP is always a Signature and starts off there. I have also heard there is a time limit requirement such as holding the card for one year. Can anyone shed light on this upgrade?


pac4toon
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Postby pac4toon » Tue May 06, 2014 2:28 am

Luxe wrote:I was recently told by a Chase analyst that there is an $8000 limit requirement to upgrade to the Visa Signature Freedom. Other sources say the requirement is $5000 because CSP is always a Signature and starts off there. I have also heard there is a time limit requirement such as holding the card for one year. Can anyone shed light on this upgrade?


I recently applied for the Freedom & got the Visa Signature (5K CL). Prior to applying for that I've had my CSP for about a year I think.
In my wallet:
AmEx PRG/ BoH Hawaiian Airlines WEMC / Chase Freedom /

In my sock drawer:
AmEx HHonors & BCE

TheLethargicAge
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Postby TheLethargicAge » Tue May 06, 2014 9:24 am

Luxe wrote:I was recently told by a Chase analyst that there is an $8000 limit requirement to upgrade to the Visa Signature Freedom. Other sources say the requirement is $5000 because CSP is always a Signature and starts off there. I have also heard there is a time limit requirement such as holding the card for one year. Can anyone shed light on this upgrade?


$5K minimum CL
Card must be at least 1 year old
Don't bother with regular CS
Email request to EO at executive.office@chase.com
Include your name, phone # and last 4 digits on card
Good luck
Blue Cash Preferred ($24K), Costco TrueEarnings ($8K), Better Balance Rewards ($6K), CashForward ($15K), Sallie Mae Rewards ($10K), Quicksilver ($17K), AARP Rewards ($15K), Freedom ($15K), Double Cash ($16.5K), It ($28.5K), Fidelity Investment Rewards ($18K), Cash+ ($11K)

ipalmer
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Postby ipalmer » Tue May 06, 2014 3:33 pm

My Freedom is a signature with only a $1k CL. Had this card for years and never got a CLI with it, even though my CSP has a $28k limit.

itsmeandrew
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Postby itsmeandrew » Tue May 06, 2014 3:36 pm

I just closed my freedom about two weeks ago. It was not a signature and had a $3K limit from about two years ago. Would I be able to call and reopen it as a signature? Obviously depending on my past history with chase and new credit check.
Capital One Platinum $500 (2/2010) CLOSED (1/2013)
Wells Fargo College Cash Back $1.2K (8/2011) CLOSED 3/2015
Chase Freedom (Signature) $10K (4/2012)
AmEx Zync NPSL (4/2012)
Samuels Financing $2.9K CLOSED 4/2015
Discover IT $3.95K (7/2012)
Chase Marriott Premier (Signature) $5K (9/2012)
Chase Slate $2.5K (12/2012)
Citi Simplicity $4K (3/2013)
AmEX BCE $9.5K (5/2014)
Chase Amazon $4.5K (5/2014)
Barclaycard Apple Financing $2K (6/2014)
Capital One VentureOne (Signature) $5K (1/2015)


TU (Discover): 760

CC Deville
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Postby CC Deville » Wed May 07, 2014 10:42 am

itsmeandrew wrote:I just closed my freedom about two weeks ago. It was not a signature and had a $3K limit from about two years ago. Would I be able to call and reopen it as a signature? Obviously depending on my past history with chase and new credit check.


Very few banks will allow you to reopen a card once it has been closed. I have no experience with Chase in that regard but even Nordstrom recently stopped allowing a closed account to be reopened. Your best bet would be to email the EO as stated in LethargicAge's post. Never hurts to ask.

CC Deville
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Postby CC Deville » Wed May 07, 2014 10:48 am

Luxe wrote:I was recently told by a Chase analyst that there is an $8000 limit requirement to upgrade to the Visa Signature Freedom. Other sources say the requirement is $5000 because CSP is always a Signature and starts off there. I have also heard there is a time limit requirement such as holding the card for one year. Can anyone shed light on this upgrade?


Those analysts are mishegas. My Chase Freedom was opened as a Signature with a $7,000 limit. I recently (November 13) sent a secure message asking if my Chase Slate MasterCard could be PC'ed to a Chase Freedom. They said that yes, it could be PC'ed but it would have to be changed to a Visa. I responded that I was okay with that if I got the Signature version (my Slate has a $10K limit) and they said it would just be a Platinum.

So there seems to be no rhyme or reason for what makes them approve a Signature over Platinum. Generally Visa themselves did require a $5K limit to allow banks to issue Signature status but they seemed to have relaxed that requirement.

I believe it may have something to do with needing an updated annual income in order to be upgraded. Since Signature allows up to double of the revolving credit line in spend (so say you have a $10K limit they MAY allow up to $20K in spend-anything over the credit line is due in full) they may want to collect an updated income before they allow it. That is the only good reason I can think of as to why I was not offered a Signature for my Slate to Freedom PC; however, they did not tell me this, they simply said "sorry." So needless to say I still have my Slate MasterCard.

mrow
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Postby mrow » Wed May 07, 2014 4:25 pm

My Freedom card is Signature but I was approved with a $19K limit.

DONx3
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Postby DONx3 » Sun May 11, 2014 1:14 am

AFAIK it's 5k minimum.
Amex Blue Cash Everyday 07/01
Amex Starwood Preferred Guest 03/16, BD 01
BOA Cash Rewards Visa Sig 06/07
Chase Freedom Visa Sig 12/13
Chase Ink Plus Visa Sig 05/16
Chase Sapphire Preferred Visa Sig 07/13
Discover It 01/14
IHG Rewards Club World MC 12/14
Southwest Rapid Rewards Plus Visa Sig 08/16

Luxe
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Postby Luxe » Fri Jul 18, 2014 4:00 pm

TheLethargicAge wrote:$5K minimum CL
Card must be at least 1 year old
Don't bother with regular CS
Email request to EO at executive.office@chase.com
Include your name, phone # and last 4 digits on card
Good luck


Update

I took TheLethargicAge's advice and wrote to the EO hoping they would be able to put the Signature offer on my account unlike the customer service line who can only activate an existing offer. About a week later a rep from the EO contacted me for my financial info to forward to the credit analysts, and I received an upgrade to Visa Signature the next day. Thank you!



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