-
Can you pay off your Chase credit card early & still receive the sign up bonus?
Just got approved by Chase for Ink Preferred. However, they limited me to $5000 max (tried to get it raised but no luck). Ironically, the spend is $8000 and I was ready to use it for a big purchase. So, can I spend $5000 and pay it off within a few days and make a second payment for the remainder? Would Chase have an issue if the business doesn’t mind splitting the payments?
-
8 Replies
-
Yes, you can pay it off as soon as it posts. They’ll take your money anytime.
-
I tried to cycle like this last month. It didn’t work.
That is, they surely took my money and credited the payment. But they didn’t reset my credit limit
-
Everyone is going to start crying this is cycling but my personal experience of about 6 figure spend a month on Chase says they dont care. I pay my cards at a minimum weekly and sometimes even twice a week if I have a big bill. These are business cards and my Business relations manager told me they dont care.
-
I have done it to meet an ink sub but try to avoid. Alternative is to try to move credit from another chase biz card
-
If you have other business cards with Chase, just move some credit from other cards you’re not using over to your new Ink.
-
I’ve done it quite a few times, but have the same concern. They only gave me $3K limit a few years ago and that’s still all I have. I’d ask for a higher limit, but I’m at 5/24 and don’t want them to review and call the whole relationship into question.
-
Do you have a different ink? If so, you can ask that the limit of the other Ink be added to your new one.
You can do what you mentioned. But if done too often, your account can fall under question. So be careful. Once shouldn’t be too terrible.
-
Red flag if you recycle credit at least for personal cards
Log in to reply.