Originally Posted by
mrlasssen
Wanting to convert my Alaska card to a no fee B of A credit card to maintain my history with them but all that B of A will do is cancel my card. I would then have to reapply for another product and have a credit hit on my credit report, there by limiting my ability to apply with Chase due to the 5/24 rule. Does anyone have experience converting cards with B of A, any ideas?
If you apply for a (non-Chase) business cards, that
won't limit your ability to apply with Chase. Chase's 5/24 works by looking at cards showing on your credit report with "opened on" dates in the past 2 years. Business cards (in good standing) don't show up on those credit reports, so Chase can't see them (except they can see any business cards they issued themselves, without looking at your credit report, of course).
And you don't really have to have a business to apply for a business card from Amex, or Citi, or BofA. (Chase may be a bit different on that.)
Originally Posted by
Eujeanie
Do you not use the companion fare? That usually more than covers the cost of the annual fee.
I don't know what the connection is between having the BofA card and applying for a Chase card?
I never have use for a companion fare myself. (I always fly solo. I sometimes do road trips with other people at my destination, but I don't fly with other people.) I cancel each Alaska card by the time the second year AF comes due, and just apply for another one.
So if you hold an Alaska card year to year, that has no impact on Chase. But if you don't find enough value in paying the AF again without 25k or 30k bonus miles to go with it, and thus cancel and get a new one, that's where the impact on Chase is, if you get the personal card. But as I just explained above, there is no impact on Chase if you get a BofA business card, and BofA does issue business Alaska cards (with the same 30k signup bonus, just no $100 credit).