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Author Topic: can chase sapphire come with no spending limit  (Read 5820 times)

Offline aj26

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can chase sapphire come with no spending limit
« on: October 11, 2012, 12:33:11 AM »
Im trying to convnince someone to dump his amex gold card and get a saphire. He likes the no spending limit with amex. He's pretty wealthy. (makes 500K per year) Any chance chase will give no spending limit as well
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Offline Saver2000

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Re: can chase sapphire come with no spending limit
« Reply #1 on: October 11, 2012, 12:39:59 AM »
Quote from: aj26 on October 11, 2012, 12:33:11 AM
Im trying to convnince someone to dump his amex gold card and get a saphire. He likes the no spending limit with amex. He's pretty wealthy. (makes 500K per year) Any chance chase will give no spending limit as well
Its a charge card. Its called "no preset spending limit" - but it does have a credit limit.

Chase does have some (one?) charge cards but I dont think the SP is one of them.
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Offline joeb1

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Re: can chase sapphire come with no spending limit
« Reply #2 on: October 11, 2012, 12:41:18 AM »
Ink
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Offline aussiebochur

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Re: can chase sapphire come with no spending limit
« Reply #3 on: October 11, 2012, 12:52:24 AM »
This is what you're looking for and an even cooler card than the SP... ;)
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Offline Ez

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Re: can chase sapphire come with no spending limit
« Reply #4 on: October 11, 2012, 12:53:14 AM »
With Chase if his credit is ok they'll allow him to go over his limit many times, but its still not the same as Amex, I've seen people using their amex for 500k+ but never a chase card over 120-150k
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Offline Saver2000

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Re: can chase sapphire come with no spending limit
« Reply #5 on: October 11, 2012, 01:00:16 AM »
Quote from: aussiebochur on October 11, 2012, 12:52:24 AM
This is what you're looking for and an even cooler card than the SP... ;)
$595 Annual fee. Wow.
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Offline aussiebochur

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Re: can chase sapphire come with no spending limit
« Reply #6 on: October 11, 2012, 01:16:39 AM »
Quote from: Saver2000 on October 11, 2012, 01:00:16 AM
$595 Annual fee. Wow.
When youre talking about value of points with "unlimited spending", the couple hundred dollars over the Amex is nominal...
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Offline Ez

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Re: can chase sapphire come with no spending limit
« Reply #7 on: October 11, 2012, 11:27:58 AM »
Quote from: aussiebochur on October 11, 2012, 12:52:24 AM
This is what you're looking for and an even cooler card than the SP... ;)

Are there any major advantages to this card over the Sapphire Preferred, besides the 35k bonus with 100k spent?
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Offline Dan

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Re: can chase sapphire come with no spending limit
« Reply #8 on: October 11, 2012, 11:30:12 AM »
Quote from: Ez on October 11, 2012, 11:27:58 AM
Are there any major advantages to this card over the Sapphire Preferred, besides the 35k bonus with 100k spent?
http://www.xe.com/ucc/convert/?Amount=1&From=XPD&To=USD
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Offline Ez

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Re: can chase sapphire come with no spending limit
« Reply #9 on: October 11, 2012, 11:32:29 AM »
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Offline AsherO

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Re: can chase sapphire come with no spending limit
« Reply #10 on: October 11, 2012, 11:33:30 AM »
Quote from: Ez on October 11, 2012, 11:27:58 AM
Are there any major advantages to this card over the Sapphire Preferred, besides the 35k bonus with 100k spent?

Allegedly this card doesn't get reported on your credit, so it won't affect your utilization. It's also apparently not an easy feat to get approved for it.
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Offline Ez

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Re: can chase sapphire come with no spending limit
« Reply #11 on: October 11, 2012, 11:35:48 AM »
Quote from: AsherO on October 11, 2012, 11:33:30 AM
Allegedly this card doesn't get reported on your credit, so it won't affect your utilization.

But so is any business card, no?
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Offline Dan

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Re: can chase sapphire come with no spending limit
« Reply #12 on: October 11, 2012, 11:36:51 AM »
Quote from: Ez on October 11, 2012, 11:32:29 AM
lol
Only half kidding.
Drat lost another one. ;D
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Offline AJK

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Re: can chase sapphire come with no spending limit
« Reply #13 on: October 11, 2012, 11:44:47 AM »
Quote from: Dan on October 11, 2012, 11:36:51 AM
Drat lost another one. ;D

:)

Yeah, I have 17 children... yeah, I'm Mormon... yep... so I'm gonna need an AU for each...
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Offline AsherO

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Re: can chase sapphire come with no spending limit
« Reply #14 on: October 11, 2012, 11:51:25 AM »
Quote from: Ez on October 11, 2012, 11:35:48 AM
But so is any business card, no?

AFAIK it's a personal card.

Quote from: AJK on October 11, 2012, 11:44:47 AM
:)

Yeah, I have 17 children... yeah, I'm Mormon... yep... so I'm gonna need an AU for each...

Ha, I was wondering the same thing. I bet they send plastic cards for AUs, otherwise this card could bring churning to a whole new level...
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Offline Dan

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Re: can chase sapphire come with no spending limit
« Reply #15 on: October 11, 2012, 11:54:08 AM »
Quote from: AsherO on October 11, 2012, 11:51:25 AM
I bet they send plastic cards for AUs
I highly doubt that.
This card is meant for very high net worth clients.  Doubt they'd get cheap like that with them.
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Offline Ez

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Re: can chase sapphire come with no spending limit
« Reply #16 on: October 11, 2012, 12:16:00 PM »
Quote from: AsherO on October 11, 2012, 11:51:25 AM
AFAIK it's a personal card.

From where do you take it that it ain't being reported, and do you know 4 sure it doesn't have a limit?
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Offline mmermss

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Re: can chase sapphire come with no spending limit
« Reply #17 on: October 11, 2012, 12:24:10 PM »
You need to have a private banker in order to qualify...

http://creditcardforum.com/blog/jp-morgan-palladium-card-benefits/
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Offline Ez

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Re: can chase sapphire come with no spending limit
« Reply #18 on: October 11, 2012, 12:43:10 PM »
Quote from: mmermss on October 11, 2012, 12:24:10 PM
You need to have a private banker in order to qualify...

http://creditcardforum.com/blog/jp-morgan-palladium-card-benefits/

That's easy to get with an extra 5 million under the mattress
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Offline AsherO

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Re: can chase sapphire come with no spending limit
« Reply #19 on: October 12, 2012, 08:51:21 AM »
Quote from: Ez on October 11, 2012, 12:16:00 PM
From where do you take it that it ain't being reported, and do you know 4 sure it doesn't have a limit?

Seen it mentioned a few times, maybe FT. Not sure about limits on it.

Quote from: mmermss on October 11, 2012, 12:24:10 PM
You need to have a private banker in order to qualify...

http://creditcardforum.com/blog/jp-morgan-palladium-card-benefits/

Not sure they enforce this requirement. Definitely not to the tune of $5mm

Quote from: Ez on October 11, 2012, 12:43:10 PM
That's easy to get with an extra 5 million under the mattress

I know your DDF handle is Ez, but is it really that simlle to amass $5mm (at current rate of inflation)?
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