Want Credit Line Increase on New Chase Flex Rewards Credit Card Account

Guest: QikPass
Credit Expert (100+ Posts)
Post subject: Want Credit Line Increase on New Chase Flex Rewards Credit Card Account
Posted: Wed Sep 06, 2006 10:38 am

All banks have the right to change their terms for any reason.
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Guest: Polonius
SENIOR MEMBER (Member for 2 yrs.+)
Posted: Wed Sep 06, 2006 3:27 pm

Quote:
the 0% on purchases might be nice, but I don't have the income at the moment to be racking up debt.
You're missing the point. It's not debt. Spend what you would usually spend--but instead of paying the bank each month in full, make the minimum payment and put the rest in a 5% plus savings account. When the 0% is about to expire, pay the entire balance. Your interest is your profit. You haven't spent more than you'd spend otherwise...

Quote:
I don't like the two-cycle average daily balance method of balance computation and I really can't enter into an agreement where they "reserve the rightto change account term
The two-cycle method only affects you if you carry a balance. And, as Qikpass said, EVERY bank has that clause in its terms reserving the right to change those terms.
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Polonius
"Neither a borrower, nor a lender be; For loan oft loses both itself and friend"

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Guest: mouse
SENIOR MEMBER (Member for 2 yrs.+)
Posted: Wed Sep 06, 2006 5:42 pm

QikPass wrote:
All banks have the right to change their terms for any reason.

...and you can PIF and spend your money on another card card

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Guest: yaeolan
Posted: Mon Sep 18, 2006 1:31 pm

I just recently applied for the Chase Flex Rewards w/ the 0% interest till march 08 but the CL is lower compared to my other cards...Do you think they will approve me for a CL increase AND will it still be 0% interest b/c most of my CL went to BT already

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Guest: QikPass
Credit Expert (100+ Posts)
Posted: Mon Sep 18, 2006 1:48 pm

The only way to know for sure is to call up and ask..

Good Luck.
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