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Any reason NOT to combine Chase Freedom cards?

Any reason NOT to combine Chase Freedom cards?

Old Aug 26, 2014, 1:05 pm
  #1  
Formerly known as caveruner17
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Join Date: Feb 2012
Location: ORD
Posts: 432
Any reason NOT to combine Chase Freedom cards?

I have 2 Chase Freedom accounts. My first credit card (Opened 2007) and my 2nd credit card (Opened 2008)

The 2007 card has a $1,500 credit limit and 19.9% APR and has the EMV

The 2008 card has $15,500 and 13.1% APR and doesn't have EMV

Now that they're both Visas... there's no difference between the two, so I was thinking of combining them. I assume I'll get a chipped card for the 2008 card and it has a lower APR (I don't carry balances, but it would be nice "just in case"). Any real negative in closing one of the cards and transferring the funds over to the other?

I assume I'll move my 60k+ of UR points to the active account beforehand so I don't lose them.

Last edited by philemer; Aug 26, 2014 at 11:05 pm Reason: OP meant 60K not 600K :-)
caverunner17 is offline  
Old Aug 26, 2014, 2:10 pm
  #2  
 
Join Date: Mar 2014
Posts: 194
Yes. With two cards you get 2x the 5%.

With one card you get 5x $1,500 per quarter or 30,000 points per year.
With two cards you get 5x $1,500 x2 per quarter or 60,000 points per year.
bu08usc11 is offline  
Old Aug 26, 2014, 2:25 pm
  #3  
Formerly known as caveruner17
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Join Date: Feb 2012
Location: ORD
Posts: 432
Originally Posted by bu08usc11
Yes. With two cards you get 2x the 5%.

With one card you get 5x $1,500 per quarter or 30,000 points per year.
With two cards you get 5x $1,500 x2 per quarter or 60,000 points per year.
I don't max out as is. I'm in my mid 20's so my expenses aren't much. Usually $500/month on the CC, unless I'm vacationing.

I guess I could get in to MS
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Old Aug 26, 2014, 2:36 pm
  #4  
 
Join Date: Mar 2014
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How did you amass 600k UR points with 500/month in expenses and no MS?

That's like 90k/year you've collected spending $6,000/year.
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Old Aug 26, 2014, 2:39 pm
  #5  
Formerly known as caveruner17
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Join Date: Feb 2012
Location: ORD
Posts: 432
Originally Posted by bu08usc11
How did you amass 600k UR points with 500/month in expenses and no MS?

That's like 90k/year you've collected spending $6,000/year.
Oops. Added a zero. It was supposed to be 60k
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Old Aug 26, 2014, 2:46 pm
  #6  
 
Join Date: Mar 2014
Posts: 194
Originally Posted by caveruner17
Oops. Added a zero. It was supposed to be 60k
That make more sense then.

Then the only negative, if you don't MS, is that the account cancelling would lower your AAoA, I think.
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Old Aug 26, 2014, 10:51 pm
  #7  
 
Join Date: Aug 2013
Location: Kansas City
Posts: 193
Keep the 2 Freedoms. That's what I'm doing 2x 5% opportunity.
Nomoneyinmybank is offline  

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