Misc Credit Card Questions

[Marko Rubio]

Don't use it, unless you need the CL.

isent chase closing down cards if u dont use them for a while?

[davidrotts63]

isent chase closing down cards if u dont use them for a while?

All banks do, use it once in a while, and pay up right away so you don't forget

[Marko Rubio]

All banks do, use it once in a while, and pay up right away so you don't forget

any idea whats the time frame with chase?

[davidrotts63]

any idea whats the time frame with chase?

Unknown, but on the Marriott T&C it says something about not using the card for 24 months (points related) I'm pretty sure that after 24 months they would close you down

[mmgfarb]

Unknown, but on the Marriott T&C it says something about not using the card for 24 months (points related) I'm pretty sure that after 24 months they would close you down

Oh really? And what makes you think that? Wild conjecture doesn't really belong here.

[davidrotts63]

Oh really? And what makes you think that? Wild conjecture doesn't really belong here.

I've seen DPs of 10 months with other banks, I don't have anything clear on chase.

[Eli stern]

I pressed apply now twice for the amex gold card is that going to be a problem?

[ludmila]

I pressed apply now twice for the amex gold card is that going to be a problem?

No.

[Marko Rubio]

can i downgrade a CSR to a slate? (never had the slate before)
if i can is there any downside to do that?

[TimT]

is there any downside to do that?

Can’t transfer to airlines

[LoLo]

Can’t transfer to airlines

Does it even warn points on purchases?

[TimT]

Does it even warn points on purchases?

no

[davidrotts63]

can i downgrade a CSR to a slate? (never had the slate before)
if i can is there any downside to do that?

Why would you? Downgrade to the freedom.

[Marko Rubio]

Why would you? Downgrade to the freedom.

cause i can use now a 0 apr card

[davidrotts63]

cause i can use now a 0 apr card

You get the intro rate when you downgrade?

[Marko Rubio]

You get the intro rate when you downgrade?

oh didnt realize, i guess probably not

[PillanSmye]

oh didnt realize, i guess probably not

https://creditcards.chase.com/?CELL=6TKW

Here's where you can read about Chase card feature.

[PillanSmye]

I've seen DPs of 10 months with other banks, I don't have anything clear on chase.

Generally 8 months to 2 years.  I've heard of an unused Discover card that stayed open for 10 years but I wouldn't recommend that as times change.

Every 4 months or so I put a small charge on unused CCs and then immediately push a payment from my checking.  This also keeps the cards from going dormant on your credit reports.

[PillanSmye]

If you close it down it'll lower your AAOA, which isn't that bad if the card is only a year old, and you transfer the credit, but IMO you have nothing to lose by just downgrading.

AAoA (Average Age of Accounts) does not factor in whether something is open or closed nor does it factor in whether it is positive or negative.

AAoOA (Average Age of Open Accounts) obviously is limited to just open accounts.

When dealing with FICO, AAoA is all that really matters.  VantageSkore supposedly factors in AAoOA more heavily, but since it's irrelevant who cares?

[PillanSmye]

Im about to close my CSR dont think its worth for me the $450 annual fee (i did already the $300 travel spend for 2018)

Whats my best option to do not to lose my credit limit, The only other chase card i have is the chase freedom,
Should i just move my CSR credit line to the freedom i have, or should i downgrade it to the freedom unlimited or free sapphire version?

Only you know how you spend your money, what benefits are important to you etc.

If you're closing your CSR, then you'll have no cards to transfer UR to airline or for the bonus kicker on UR redeemed on Chase Travel.  Which means your Chase cards will all be cashback  To me, that would make an FU worthless since it would essentially be a 1.5% cashback card which can easily be beat.  Under those assumptions, I would product change the CSR to a 2nd F5. I would also transfer all but $2K of the credit limit to the older of the 2 accounts.