Chase has long been the easiest card issuers for shifting over credit lines from one card to another. They’ve now added a self-service feature allowing us to do this from with the online login or app. This works to shift credit from one personal card to another or from one business card to another.
A lot of people see this within the app (select the card > Manage account > Move Credit Line) and in the online login (select the card > More > Move Credit Line). Others don’t see it there, but everyone can get it at this link: https://secure.chase.com/web/auth/dashboard#/dashboard/digital-credit-line-exchange/
Really cool.
Hat tip to r/creditcards and DDG
View Comments (40)
Seems somewhat random what can and can't be moved. All 3 of mu business cards are > 12 months old, and have had no recent credit moves. Only 2 of 3 can "receive" credit and only the other 1 can "give" credit. And can't bring any over $10K (even though more than that to give).
Probably some kind of algorithmic limits.
"No cards are available to move credit from right now
Important No cards are available to move credit from right now
This is most likely because:
If you have questions, call the number on the back of your card."
Oh well...
This was using direct link from this post. I do not have the drop down menu options in my acct.
That's pretty good Chase. Now how about a 2% CFU and 3% gas on the Sapphire crds inted of the coupon credits...
Hah. You're funny.
I don't understand why this bank keeps trying all these customer friendly policies. Other banks are doing it. It's not like it's going to make Chase the largest bank in the US.
( For those who can't read between the lines: I challenge you to drive to another state without a Chase bank.)
Chase is the largest bank in the US for a reason. Jamie Dimon knows a thing or two about hiring great people
not working for recently approved card. only between two old cards, which is no use, as the new card have 0 APR promotion on new purchases.
It worked for me, from an old CSD (Chase Sock Drawer) personal to a new CSP. It was a few days after the first statement cut on the new CSP.
I think it's only the donor card that needs to be >12 months old. But it seems YMMV.
And you can only do it twice in 30 days. So if you experimented with your older cards you may have to wait (or SM instead).
You can always do it by SM anyway, if this doesn't work.
Great, but looks like it's still not possible to lower the credit line without calling their representatives. I like to lower my credit line before applying new cards as a preventive measure.
Never thought of this. I assume the idea is based on the fact there is a finite amount of credit they will allow for each customer based on income and therefore by lowering your limit lets say by 5k, you would in theory have 5k available towards a new card. Is this correct?
Yes it generally works. I remember when most of bloggers "warned " against doing this because you were giving up your "leverage." I.e moving credit lines around / cancelling unneeded lines post application to get approval.
Now it's generally a much more accepted tactic. My thought was always , I'd rather not deal with customer service/retention if there's any chance of avoiding it.
Yes, this is roughly correct. Has been my tried and true approach for the last decade.
I’ve been turned down for a new card by Chase only to call the reconsideration line to ask them to move existing credit from another card to the new card. That allows them to approve it without decreasing my credit line in advance. I’ve done that a good half-dozen times.
Maybe move some credit onto a card you are closing?
However I would proceed with caution if applying soon, as that credit can be held in Limbo for some time after cancellation.
Send a secure message from your online account -- they usually respond within one biz day.
"Please lower the credit limit on my card ending in 1234 from $7500 to $2500 thanks"
Same for closing the cards.
Did anyone notice a sentence near the top of the screen, " Keep in mind, this is your last time moving credit for this 30-day period." I noticed this as I was beginning my third attempt to move credit between personal cards.
I also noticed limitations in which direction one can move credit. It pre-defines which cards are donating and which are receiving.
Not an option for me on any of my four cards. There is an option to transfer a balance.
There are limitations on what cards you can move to and from (they might model this as an upper limit and lower limit behind the scenes), but I was able to successfully use this. Great move from Chase.
I recently took some credit from CIC to CIU via SM, and it looks like it wont let me do on any of my other cards unfortunately with this.