Originally Posted by Dr Jabadski

No, advocating moving most of credit limit from a “to be closed” Chase card to an “staying open” Chase card, usually during the same call in which the card is closed. Over time, that can result in very high credit limits. Can only consolidate/reallocate from personal to personal and from biz to biz. Don’t move 100% of credit limit, I learned the hard way 8 months ago that will result in inability to reopen account (if mistakenly closed). Leaving $500 or $1000 (different for different cards) of credit limit on a closed account should result in Chase upon request being able to easily re-open the account.

Example, for 6-8 months until 3 months ago I only had 1 open Chase personal account, Freedom Unlimited, a product change from a Sapphire card few years ago, 6 figure credit limit. Applied for Chase UA Club few months ago, asked online (possibly a new or temporary Chase procedure) during the application if I wanted to move credit limit from CFU, did so, instant approval. Applied for Chase World of Hyatt card couple of months ago, pending/under review, no new account online and automated system said “we’ll let you know” 15 minutes after application. Called recon 16 minutes after application, a “preemptive recon call” (prior to decline letter or email) said “I think I know the problem, I’m not asking for additional credit, I’m happy to move credit from my existing CFU or UA Club account”, was asked how much, approved 1 minute later.

Both theories have their advocates and their critics, hard to know which is more popular and/or more efficacious. Lower credit limit theory cites more instant approvals, fewer recon calls with mostly unknown reasons and outcome of recon call. Consolidate theory cites fewer instant approvals, more recon calls with mostly known reason and outcome of recon call, more “eyes on account”.

Hope that helps. Keep asking good questions. (My brother in law likes to tell his children and anyone else within earshot that his farther never asked him and his brothers “what did you learn in school today?”, instead asking “did you ask a good question today?” )