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« Last edited by jj1000 on March 14, 2018, 12:50:42 PM »

Author Topic: Chase Sapphire Visa  (Read 806547 times)

Offline stever

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Re: How to churn Sapphire Preferred?
« Reply #1140 on: February 21, 2012, 02:23:41 PM »
Whatever you do just keep in mind that there is a "slight" chance that churning (and other kinds of so called system-abuse) can trigger a red flag which "can sometimes" result in an entire accounts closure...

Not trying to scare you but it's definitely good to be prepared
are you saying this with experience?

Offline ashers

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Re: How to churn Sapphire Preferred?
« Reply #1141 on: February 21, 2012, 02:25:32 PM »
Why not? You can have both
not sure you can. They wouldnt let me keep both. said its an either or situation...
it CAN be done!

Offline meshugener

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Re: How to churn Sapphire Preferred?
« Reply #1142 on: February 21, 2012, 02:30:48 PM »
I have both
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Offline 123ablack

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Re: How to churn Sapphire Preferred?
« Reply #1143 on: February 21, 2012, 02:52:54 PM »
are you saying this with experience?

Actually not - "Thank God"!
But I read a lot about it here at DDF and on FT from people who actually had this unfortunate expirience...

The following 2 things are (among others) stringed to trigger the Chase Review:
1. Churning cards for points
2. When they realize your credit limit is more than 70-80% of your annual income.

Offline Drago

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Re: How to churn Sapphire Preferred?
« Reply #1144 on: February 21, 2012, 02:56:44 PM »

2. When they realize your credit limit is more than 70-80% of your annual income.


Wow, I can't even imagine what type of complicated super computer they have calculating If(CL / Income > 80%, then issue red flag).
Seems tough

Offline 123ablack

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Re: How to churn Sapphire Preferred?
« Reply #1145 on: February 21, 2012, 03:00:20 PM »
Wow, I can't even imagine what type of complicated super computer they have calculating If(CL / Income > 80%, then issue red flag).
Seems tough
Tough is when u (god forbid) fond urself in this situation.... :'(
My guess is just play it careful with good reasoning on why u close and reopen..

Offline Drago

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Re: How to churn Sapphire Preferred?
« Reply #1146 on: February 21, 2012, 03:20:06 PM »
Tough is when u (god forbid) fond urself in this situation.... :'(
My guess is just play it careful with good reasoning on why u close and reopen..

??

All I was saying is that it shouldn't be difficult to 'discover' when ppls CL too high with regards to income

Offline A3

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Re: How to churn Sapphire Preferred?
« Reply #1147 on: February 21, 2012, 03:37:50 PM »
??

All I was saying is that it shouldn't be difficult to 'discover' when ppls CL too high with regards to income

Credit limit or actual spending (debt)? If one adds of the credit limits on their cards, its monthly. that would been they gave me a CL of about 500% more then my income....

Offline gozalim

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Re: How to churn Sapphire Preferred?
« Reply #1148 on: February 21, 2012, 03:42:13 PM »
Credit limit or actual spending (debt)? If one adds of the credit limits on their cards, its monthly. that would been they gave me a CL of about 500% more then my income....
I believe it's your total CL (even though it can be churned monthly) ~ your ANNUAL income

Offline compddd

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Re: How to churn Sapphire Preferred?
« Reply #1149 on: February 21, 2012, 04:07:55 PM »
So no one on the thread has churned the SP?

Offline 123ablack

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Re: How to churn Sapphire Preferred?
« Reply #1150 on: February 21, 2012, 04:21:33 PM »
??

All I was saying is that it shouldn't be difficult to 'discover' when ppls CL too high with regards to income

Didn't mean to catch on your words.. Just speaking about the word "tough"..

Offline Red

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Re: How to churn Sapphire Preferred?
« Reply #1151 on: February 21, 2012, 05:40:27 PM »
So no one on the thread has churned the SP?

I did it for my wife. I switched the card from a visa to mc then got a new visa. I did this after about a month or 2 of getting the first card.

Offline meshugener

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Re: How to churn Sapphire Preferred?
« Reply #1152 on: February 21, 2012, 05:53:23 PM »
Did she get instant approval for the 2nd or she had to argue?
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Offline Red

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Re: How to churn Sapphire Preferred?
« Reply #1153 on: February 21, 2012, 06:13:24 PM »
Did she get instant approval for the 2nd or she had to argue?

When I applied she still had the first one as a visa (I wanted to see if it was possible to have the app switched, but it was a no go). It got declined for having the same card, once I had the first card switched I then got her approved by closing her recently opened Southwest card (part of the 3bm that included the original SP). I wanted to close it anyway after redeeming the 50k for GCs so as not to pay the fee.

Offline meshugener

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Re: How to churn Sapphire Preferred?
« Reply #1154 on: February 21, 2012, 06:42:11 PM »
Do I still keep the SP 50k points when downgrading?
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Offline Red

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Re: How to churn Sapphire Preferred?
« Reply #1155 on: February 21, 2012, 06:45:54 PM »
I never downgraded.

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Re: How to churn Sapphire Preferred?
« Reply #1156 on: February 21, 2012, 07:19:04 PM »
if i convert my SP to a mastercard, will  the second yr warranty on all the electronics i bought on my SP be cancelled.

Offline moish

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Re: How to churn Sapphire Preferred?
« Reply #1157 on: February 21, 2012, 07:23:59 PM »
am i the only one having a hard time changing from a visa to a mastercard? the first rep said its its not possible, and the second one said i need to have the card open for a year before making the switch. (im trying to switch from visa preferred to mc preferred)

Offline kayef

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Re: How to churn Sapphire Preferred?
« Reply #1158 on: February 21, 2012, 07:45:28 PM »
am i the only one having a hard time changing from a visa to a mastercard? the first rep said its its not possible, and the second one said i need to have the card open for a year before making the switch. (im trying to switch from visa preferred to mc preferred)
my father just successfully switched after having the card for a month or two. It actually was switched to the wmc preferred without asking specifically for that. you just have to try again(try exploiting the israel rental coverage)

Offline moish

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Re: How to churn Sapphire Preferred?
« Reply #1159 on: February 21, 2012, 07:59:33 PM »
my father just successfully switched after having the card for a month or two. It actually was switched to the wmc preferred without asking specifically for that. you just have to try again(try exploiting the israel rental coverage)
i did, and after placing me on hold for 15 minutes, i was told i would be informed my mail in 7-10 days