Why I Lowered the Credit Limit on my Chase Card

I just got off the phone with Chase card services. I called to lower the credit limit on my United Explorer Business Card. I am gearing up to apply for another Chase credit card, and this is a step to prepare for my next application.

If you keep up with the blog, you'll remember I'm in the midst of a plan to rake in as many Chase bonuses as I can before they decide they've had enough of me.

New Southwest Business Card with 80k Bonus

The brand new Chase Southwest Rapid Rewards Performance Business Credit Card is exciting. Its benefits package is loaded, the 80,000 point bonus is huge, and it makes getting a Companion Pass easy.

If you are eligible to open a business card, keep reading. If you're not sure you're eligible, don't move on so fast. Read the linked post and make sure whether you're eligible or not, because ignoring business credit cards leaves a lot of bonus miles and points on the table. You don't need employees nor even an Employee Identification Number to be eligible.

Reader Question: Chase Travel Portal or Transfer to Airline Miles?

Last week I wrote about how and why you'd to want transfer Ultimate Rewards between accounts. If you haven't read it yet, stop and read before continuing with this post.

How & Why to Combine Points Between Ultimate Reward Accounts

Chase issues seven credit cards that earn a travel reward currency called Ultimate Rewards. Not all Ultimate Rewards, however, are created equal.

This post will teach you:

the logistics behind moving Ultimate Reward points between accounts (your own, or between two people's living at the same address)how to turn water to wine, doubling the value of more than half of these Chase cards' Ultimate Rewards via strategic point transfers

Step-by-Step

Step 1) Login to your Chase online account.

Step 2) Choose an account.

A Cost/Benefit Analysis for the Marriott Bonvoy Amex

In the spring of 2017 I opened a Starwood Preferred Guest Credit Card from American Express. At the beginning of this year, that card was product changed to the Marriott Bonvoy Amex Card.

The Mariott Bonvoy Amex Card is not open for applications. Those that have one were all product changed from a Starwood Preferred Guest Credit Card.

Book BA Avios Awards Before Devaluation Tomorrow

May 30 (tomorrow), the price of British Airways Avios awards flying all of the following partner airlines will increase in price:

Alaska AirlinesAir ItalyAmerican AirlinesCathay PacificFinnairJapan AirlinesLATAMMalaysia AirlinesQantasQatar AirwaysS7Sri LankanRoyal Jordanian Airlines

Award prices flying British Airways, Iberia, Aer Lingus, and Vueling will not change price as of now.

Last Day for United 60k & Marriott 100k Offers

Right now, the Chase United Explorer Card comes with 40,000 bonus miles after spending $2,000 in three months, and an additional 20,000 United miles after spending an additional $6,000 total in the first six months for a total of 60k bonus miles for $8k in spending with a six month timeline.

The Chase Marriott Bonvoy Boundless Credit Card comes with 100,000 bonus Marriott Rewards for spending $5,000 within three months.

Both of these cards' elevated bonuses will drop as of May 16, 2019.

How to Check Your Chase 5/24 Count

A couple days ago I wrote a post clarifying the Chase 5/24 rule and it's relationship to small business credit cards. A reader asked the following question in the comments:

"How do I figure out if I can apply for the United Explore Card under the 5/24 rule. I didn’t keep track of when I applied for the various cards I have.

Clarifying Chase 5/24 in Relation to Business Cards

Opening five credit cards within 24 months will render you ineligible for any further Chase credit cards, until that five number has dropped to, at the most, four credit cards within the last 24 months. While not published by the bank, the Chase 5/24 rule is widely accepted as truth by the miles and points community after years of shared and collected experiences.

Business credit cards do not, anecdotally, count in your Chase 5/24 total.

I Was Just Approved for the United Business Card

In January of 2018, I began a credit card fast that lasted for nine months. In other words, I stopped applying for new credit cards. At that point I had been cutoff from Chase credit cards for a long time, years, and was tired of it. I had opened a number of new credit cards, more than five in the prior two 24 months, which is where the Chase 5/24 rule gets its name from.