I see here to lower credit limit to 1500 in first year to get AF waived... I'm not seeing this info in detail tho- can anyone confirm details on this? Also why isn't this the best option for everyone rather than canceling the card which I see everyone discussing?
+1 No one ever answered this question. Would anyone kindly shed light on to this? (I presume that it's one of those hush hush loopholes that people don't want to talk about so as to avoid Chase from cracking down.)
Also, unfortunately, It seems that I did not capitalize on this in time. I needed to have a second card from chase, which I didn't have. I finally got around to acquiring a second card (Freedom). I called Chase today and requested to move some of my Credit Line from my CSR to my Freedom. The lady consented gladly and proceeded to begin the process. She then put me on hold, claiming that she need to use a different screen. After she came back off from hold, she informed me that she would love to help me but the CSR has a limitation that the CL is not allowed to be under 10K (which is my current CL).
Questions:
1) Is it set in stone that I missed the boat of avoiding the AF?
If not, then:
2) Is this rep saying the truth? Or is it YMMV?? If so, then obviously I should HUCA?
Please advise. Thanks in advance!!!