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.

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

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

That make more sense then. :D

Then the only negative, if you don't MS, is that the account cancelling would lower your AAoA, I think.

Keep the 2 Freedoms. That's what I'm doing 2x 5% opportunity.