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DansDeals Forum => Credit Cards => Topic started by: Thingywingy on October 10, 2011, 03:01:50 PM

Title: Credit Card Consolidation
Post by: Thingywingy on October 10, 2011, 03:01:50 PM
I think I'm going to close Chase Continental. If I tranfer credit line to other Chase card, will I get a credit pull?
Title: Re: Credit Card Consolidation
Post by: smurf on October 10, 2011, 03:17:13 PM
I think I'm going to close Chase Continental. If I tranfer credit line to other Chase card, will I get a credit pull?
you mean move it to an existing chase card?
Then maybe you'll get a soft pull but no hard one.
Title: Re: Credit Card Consolidation
Post by: Thingywingy on October 10, 2011, 03:20:24 PM
Whats the diifference?
Title: Re: Credit Card Consolidation
Post by: smurf on October 10, 2011, 03:21:51 PM
Whats the diifference?
hard can effect your future applcations
Title: Re: Credit Card Consolidation
Post by: Thingywingy on October 10, 2011, 03:30:42 PM
and soft cant?
Title: Re: Credit Card Consolidation
Post by: AsherO on October 10, 2011, 03:33:17 PM
and soft cant?


Yes.
Title: Re: Credit Card Consolidation
Post by: Thingywingy on October 10, 2011, 03:38:44 PM
For Clarity If a soft pull doesnt't affect credit score is there and down side?
Title: Re: Credit Card Consolidation
Post by: AJK on October 10, 2011, 04:06:42 PM
For Clarity If a soft pull doesnt't affect credit score is there and down side?

Soft pulls do not have any effect on your credit report and therefore have no effect on your credit score. So, unless I am missing something, there is no "down" side. (FYI, soft pulls on your credit report happen all the time, especially from people who have extended you credit in the past.)
Title: Re: Credit Card Consolidation
Post by: AsherO on October 10, 2011, 04:18:11 PM
Soft pulls do not have any effect on your credit report and therefore have no effect on your credit score. So, unless I am missing something, there is no "down" side. (FYI, soft pulls on your credit report happen all the time, especially from people who have extended you credit in the past.)

There's an upside, enough soft pulls (80+) and you might be able to bump some hard pulls of your Equifax and TU reports.
Title: Re: Credit Card Consolidation
Post by: myb821 on October 10, 2011, 04:26:19 PM
There's an upside, enough soft pulls (80+) and you might be able to bump some hard pulls of your Equifax and TU reports.
did u have to start that??  ::)
Title: Re: Credit Card Consolidation
Post by: Thingywingy on October 10, 2011, 04:28:07 PM
?
Title: Re: Credit Card Consolidation
Post by: Thingywingy on October 10, 2011, 06:41:14 PM
Should I transfer credit line to Chase United or Saphire Preffered? Any Diiference?
Title: Re: Credit Card Consolidation
Post by: smurf on October 10, 2011, 06:43:42 PM
Should I transfer credit line to Chase United or Saphire Preffered? Any Diiference?
I think they are both NPSL's so it won't make a difference just ,move it to where you may need it
Title: Re: Credit Card Consolidation
Post by: Thingywingy on October 10, 2011, 06:47:33 PM
NPSL? what does it stand for?
Title: Re: Credit Card Consolidation
Post by: smurf on October 10, 2011, 06:54:32 PM
NPSL? what does it stand for?
No Preset  Spending Limit
Basically that usually means that they're not reporting your CL to the bureau, So in this case, moving the credit to either card won't show up as additional credit on your report
Title: Re: Credit Card Consolidation
Post by: AJK on October 10, 2011, 11:37:30 PM
There's an upside, enough soft pulls (80+) and you might be able to bump some hard pulls of your Equifax and TU reports.

AFAIK, bumping no longer works... do you know differently?