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Wow! I Had No Idea Chase Was So Generous!


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The last post in this topic was posted 3462 days ago. 

 

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A little background....

 

I spent the last few years with FICOs bumping around between 650 & 680 as a result of several charge-offs and their associated late payments. The last one aged off in late October and when my scores didn't pop up at all I discovered there was a misreported delinquent account on all three reports. With the help of all you great folks here at CB I got that removed and BAM! 770s across the board in November!

 

That left me with three cards in my portfolio-

 

Merrick Bank @ $3100

CapitalOne QS @ $1000

DCU Visa @ $6000

 

As soon as my scores popped up I went on a bit of a spree-

 

CapOne CLI to $4000

Sallie Mae @ $12,500

Double Cash @ $8000

DCU CLI to $10000

BofA Better Balance @ $9000

 

Planning a vacation soon I realized I could use Sign-up bonuses to cover some of the major expenses, so...

 

Last Night - US Airways @ $10000

 

Which left me looking for a hotel card. Decided to go for the Chase IHG Rewards because it seems to be the quickest to get some free nights and

 

BOOM! Approved for $24000! Nearly double my highest limit.

 

That's five new cards and $70,500 more in credit (a seven-fold increase!) in less than 5 weeks.

Couldn't have done it without all the great info and advice shared by so many generous folx here at CB!

 

 

 

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Sweet. Consider the AMEX HHonors Surpass for 60k points, which can get you a couple free nights and instant Gold status with Hilton for free upgrades. You could go for a 2-for-1 and get a charge card too. The Blue Cash Preferred is a great card too. Cash back racks up fast on it.

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Sweet. Consider the AMEX HHonors Surpass for 60k points, which can get you a couple free nights and instant Gold status with Hilton for free upgrades. You could go for a 2-for-1 and get a charge card too. The Blue Cash Preferred is a great card too. Cash back racks up fast on it.

I looked at the AMEX HHonors as well, but went with the IHG because the trip I'm planning is to Universal Studios in Orlando. The IHG also came with 60k points, but the Holiday Inn at Universal is 20k per night while the Hilton is 30k per night. Plus the Hilton is a non-smoking hotel and I'm a (stinky evil) smoker.

 

Since AMEX is "The Official Card of Universal" and I still don't have a charge card in my portfolio I'm fairly likely to get one before the trip, but right now I just need to take a breath, get all my cards in and focus on making sure I can earn and use the sign-up bonuses on time.

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A little background....

 

I spent the last few years with FICOs bumping around between 650 & 680 as a result of several charge-offs and their associated late payments. The last one aged off in late October and when my scores didn't pop up at all I discovered there was a misreported delinquent account on all three reports. With the help of all you great folks here at CB I got that removed and BAM! 770s across the board in November!

 

That left me with three cards in my portfolio-

 

Merrick Bank @ $3100

CapitalOne QS @ $1000

DCU Visa @ $6000

 

As soon as my scores popped up I went on a bit of a spree-

 

CapOne CLI to $4000

Sallie Mae @ $12,500

Double Cash @ $8000

DCU CLI to $10000

BofA Better Balance @ $9000

 

Planning a vacation soon I realized I could use Sign-up bonuses to cover some of the major expenses, so...

 

Last Night - US Airways @ $10000

 

Which left me looking for a hotel card. Decided to go for the Chase IHG Rewards because it seems to be the quickest to get some free nights and

 

BOOM! Approved for $24000! Nearly double my highest limit.

 

That's five new cards and $70,500 more in credit (a seven-fold increase!) in less than 5 weeks.

Couldn't have done it without all the great info and advice shared by so many generous folx here at CB!

 

 

 

 

I hope the Merrick and Capital One cards have no annual fee. If so, you should be able to call Capital One's EO and get the AF removed. Not sure about the Merrick.

 

Good work.

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A little background....

 

I spent the last few years with FICOs bumping around between 650 & 680 as a result of several charge-offs and their associated late payments. The last one aged off in late October and when my scores didn't pop up at all I discovered there was a misreported delinquent account on all three reports. With the help of all you great folks here at CB I got that removed and BAM! 770s across the board in November!

 

That left me with three cards in my portfolio-

 

Merrick Bank @ $3100

CapitalOne QS @ $1000

DCU Visa @ $6000

 

As soon as my scores popped up I went on a bit of a spree-

 

CapOne CLI to $4000

Sallie Mae @ $12,500

Double Cash @ $8000

DCU CLI to $10000

BofA Better Balance @ $9000

 

Planning a vacation soon I realized I could use Sign-up bonuses to cover some of the major expenses, so...

 

Last Night - US Airways @ $10000

 

Which left me looking for a hotel card. Decided to go for the Chase IHG Rewards because it seems to be the quickest to get some free nights and

 

BOOM! Approved for $24000! Nearly double my highest limit.

 

That's five new cards and $70,500 more in credit (a seven-fold increase!) in less than 5 weeks.

Couldn't have done it without all the great info and advice shared by so many generous folx here at CB!

 

 

 

 

I hope the Merrick and Capital One cards have no annual fee. If so, you should be able to call Capital One's EO and get the AF removed. Not sure about the Merrick.

 

Good work.

 

I've never found a report of Merrick waiving an annual fee.

I was extremely grateful when I got it, but am now just waiting for it to report in 3 or 4 days before cancelling it (monthly payment against annual fee was auto payed in advance before I was comfortable with the decision to close it.)

 

Capital One has a $36 AF (billed $3 per month).

Coincidentally, I got my first two new cards the same day I received my "4 year anniversary" email from CapOne. So, I called in to try to get a fee waiver and was told they couldn't do it.

At this point, since it's my oldest revolver (still paying 16 year old student loans) I'm still considering whether to call and try to PC it to no AF card or just drop it all together. With this shiny new $24K line, it seems pretty likely its days are numbered as it's really not adding anything to my portfolio.

 

AAOA currently stands @ 5yrs 4 mos (including the two 0 zero month cards) and would only drop to 5 years 2 mos were both accounts to actually disappear completely from my reports immediately upon cancellation. That's minor enough. When factoring in the reality that they won't drop off for another 7 years and it probably won't even make a 1 month drop at that point.

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.....

 

As soon as my scores popped up I went on a bit of a spree-

 

CapOne CLI to $4000

Sallie Mae @ $12,500

Double Cash @ $8000

DCU CLI to $10000

BofA Better Balance @ $9000

 

Planning a vacation soon I realized I could use Sign-up bonuses to cover some of the major expenses, so...

 

Last Night - US Airways @ $10000

 

Which left me looking for a hotel card. Decided to go for the Chase IHG Rewards because it seems to be the quickest to get some free nights and

 

BOOM! Approved for $24000! Nearly double my highest limit.

 

That's five new cards and $70,500 more in credit (a seven-fold increase!) in less than 5 weeks.

Couldn't have done it without all the great info and advice shared by so many generous folx here at CB!

 

 

 

 

That is a great run, congrats! :clapping:

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