Chase might be in the middle of making a terrific improvement to user management of credit cards online: there’s now at least some ability to manually move credit lines between accounts without having to contact Chase.
I was just tooling around in my Chase account and discovered something that I’ve never seen before: under “More,” there’s a new menu item, “Move credit line:”
Selecting that, I see an intermediate screen telling me the benefits of being able to move credit between Chase cards:
After clicking “Get started,” I have the option to move credit to my World of Hyatt Business card, but I can only move a maximum of $5,000:
If I choose “Next,” the only option I have is to move up to $5,000 in credit FROM one of my Ink Business Preferred cards TO my World of Hyatt card. Moving in the opposite direction isn’t possible.
I imagine that the reason I’m limited to $5,000 is because the Ink Business Preferred has a minimum credit line of $5,000. My other business cards with higher credit limits don’t show up as options to either move credit from or to.
Quick Thoughts
Currently, I only see this on my business cards, and the only transfer that I can make is from my Ink Business Preferred to my World of Hyatt business card. When I go into my wife’s account, the “Move credit line” menu option is there, but I get an error message.
It appears that Chase is rolling this out over the weekend, or possibly doing some Beta testing. Either way, this is great news if it sticks around and is expanded. It would be incredibly useful to be able to quickly move credit from one card where you don’t want it to another card where it may be more useful. You can do that right now by calling Chase or sending a secure message, but it would be much better to be able to manage it yourself in a couple of seconds online.
I’d love to know if everyone else is seeing this, and whether or not anyone has it on their personal cards (as opposed to business cards only).
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I was just able to move credit from my super high limit CSR to my IHG Premier personal card which had a very low limit.
Very helpful.
Also had option to move credit to my other personal Chase cards, but they all have decent limits.
You can move around but need $500 in the you are moving from …
I saw it between my united cards and got offered to move $12500
Doctor of Credit has a link this morning which allows anyone to use this service (if the options don’t appear when you login): https://secure.chase.com/web/auth/dashboard#/dashboard/digital-credit-line-exchange/
However, in my view, this is not ready for Prime Time. There appears to be a “Three transfers in 30 days” limit; as I was preparing my third transfer, it said “Keep in mind, this is your last time moving credit for this 30-day period.”
Furthermore, they predetermine which cards are “donors” and which are “receivers” in terms of moving credit line. So there are many movements that you aren’t allowed to do.
This will be a wonderful service but needs a lot of work. It will save me lots of calls to customer service.
I don’t have a Chase credit card only bank account but my Capitol one credit cards do this also. Thanks for the information
I saw this yesterday on my P2’s CSP, which was opened less than three months ago.
It is only showing up for my business cards. The problem is I want to move credit to my new Hyatt Business card since I am working on a welcome offer on that card. Chase only gives me an option to add to one of my other 3 business cards and not the Hyatt card. I suppose that is because I am still in my first statement period on the Hyatt Visa.
Does not appear for me on any card in either my personal login nor my business login.
Chase is keeping up with Amex finally – Amex has allowed this for quite some time
I have it on my personal cards (option to move $45,000), but not on my business card.
personal only (but all of my personal cards have the option) for me right now but maybe because my credit is tied up with my biz cards.
THANK YOU! I just (finally!) Got the CSP to dump the United card, which mostly I kept for the primary rental car insurance and maybe lounge passes. After AA walked me to UAL at ORD last year and the only nearby lounge closed earlier than schedule, then the card fee increased from $95 to $150 and won’t even allow gifting the passes I can’t use, I decided it’s time to say goodbye. I moved all but the mandatory $5K to the CSP, and when I close it at renewal, I will then just ask them to reallocate. Excellent move for Chase!