Chase Credit Card Product Trading
Author: CreditKing
Posted: Wed Jun 16, 2004 2:51 pm
Post subject: Chase Product Trade
Does anyone know if you can trade a Bank One credit card for the Chase Marathon Mastercard, once the merger is complete? I have an AARP Rewards Visa which I do not use. I also have Chase Freedom card. Can you have two Chase Mastercards?
No one seems to know.
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Author: Board Monitor
Posted: Thu Jun 17, 2004 8:49 am
Post subject:
I would think that you will probably have to apply for the Marathon Card. You can usually have more than one credit card issued by the same company (I have two Citibank MasterCards for example). It will be interesting to see how the merger plays out. You're talking about two huge credit card issuers.
Out of curiosity, does your Chase Freedom Card have the same terms as the Chase Perferct Card? I assume so.
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Curtis Arnold
Board Monitor
http://www.CardRatings.com
20K+ Credit Card Reviews
Author: CreditKing
Posted: Thu Jun 17, 2004 9:18 am
Post subject: Chase Credit Card Product Trading
Thanks for your answer.
As far as I can tell, yes, the terms are the same. I also asked them if upon expiration, I will get a Freedom Card or a Perfect Crad, and as usual, I recieved two different answers.
If I can't "product-trade", do you think they might let me "add" the Bank One limit to my Freedom card and get rid of the Bank One crad, or will this hurt my FICO?
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Author: Ira
Posted: Thu Jun 17, 2004 10:44 pm
Post subject:
A few answers. First of all, unless you've ever been involved in a merger of this size and scope you have no idea of its complexities. Merging two different account lists which are stored on two incompatable systems takes a hugh amount of time and effort and it never goes smoothly. Expect it will take close to a year AFTER the merger gets federal blessings.
Second, don't go around worrying about what this or that will do to your FICO score. If your credit is good, something that moves it up or down a few points has no real impact.. Third, even if they did merge the two cards (I've done that many a time WITHOUT a merger being involved), it won't change the amount of outstanding credit or credit utilization.
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Posted: Wed Jun 16, 2004 2:51 pm
Post subject: Chase Product Trade
Does anyone know if you can trade a Bank One credit card for the Chase Marathon Mastercard, once the merger is complete? I have an AARP Rewards Visa which I do not use. I also have Chase Freedom card. Can you have two Chase Mastercards?
No one seems to know.
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Author: Board Monitor
Posted: Thu Jun 17, 2004 8:49 am
Post subject:
I would think that you will probably have to apply for the Marathon Card. You can usually have more than one credit card issued by the same company (I have two Citibank MasterCards for example). It will be interesting to see how the merger plays out. You're talking about two huge credit card issuers.
Out of curiosity, does your Chase Freedom Card have the same terms as the Chase Perferct Card? I assume so.
_________________
Regards,
Curtis Arnold
Board Monitor
http://www.CardRatings.com
20K+ Credit Card Reviews
Author: CreditKing
Posted: Thu Jun 17, 2004 9:18 am
Post subject: Chase Credit Card Product Trading
Thanks for your answer.
As far as I can tell, yes, the terms are the same. I also asked them if upon expiration, I will get a Freedom Card or a Perfect Crad, and as usual, I recieved two different answers.
If I can't "product-trade", do you think they might let me "add" the Bank One limit to my Freedom card and get rid of the Bank One crad, or will this hurt my FICO?
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Author: Ira
Posted: Thu Jun 17, 2004 10:44 pm
Post subject:
A few answers. First of all, unless you've ever been involved in a merger of this size and scope you have no idea of its complexities. Merging two different account lists which are stored on two incompatable systems takes a hugh amount of time and effort and it never goes smoothly. Expect it will take close to a year AFTER the merger gets federal blessings.
Second, don't go around worrying about what this or that will do to your FICO score. If your credit is good, something that moves it up or down a few points has no real impact.. Third, even if they did merge the two cards (I've done that many a time WITHOUT a merger being involved), it won't change the amount of outstanding credit or credit utilization.
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
posted by CardRatings.com at 10:09 PM
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