do they pull credit report and does the balance have to be 0? also does the interest rate stays the same or it changes?

thanks

Question that doesn't seem to have been answered yet: If at Chase you convert to a new account type that has a 0% promotion for new applications, do you get that promotion even if you haven't applied for the new card (just converted from a diffrenet card type)?

with Chase you also loose point made in the reward program associated with that card

leoflice said:wrx2004 said:Chase did not let me convert my Chase Cashbuilder card to a Chase Profit card, but offered to convert to a few other cards which were useless to me.

Same thing for AMEX when I tried to convert the old Costco Cash Rebate Platinum to the new Costco True Earnings card.

My feeling is that each card has a list of inter-changable cards. If the one you want is not on the list of your current card, they cannot convert for you.

They converted my old Costco Cash Rebate to True Earnings Card without any problem two weeks ago.
I think they do allow conversion.

Same here, changed mine last month.

Inspired by this thread, I just called MBNA to upgrade my blue Wachovia credit card to the WorldPoints platinum one. It used to be a First Union card; apparantly my replacement Wachovia card is now considered a "student" card.

The account manager was really friendly. He said 2-3 weeks until I get my new card, which will have a new number. (He said the old number would be active for 90 days so I will have time to switch over auto-billing.) Since this is my oldest credit card, I asked him about the effect this new number will have on my score, and he said it will have no effect because it's continuing business, the same as if I had lost my card and gotten it replaced.

While he was at it, he boosted my credit limit from $9,700 to $12,200. MBNA has periodically increased my limit without any intervention on my part -- I believe this account started with a $2500 limit. More available balance should help my score as well.

BhartiShah said:I have student platinum visa card (citibank) and I wasn't able to convert it to any other CashBack or non-student card. I also have citi dividend mastercard and wasn't able to merge them either.

Same here.. I am pretty sad about it.

I wonder if AMEX will let.

Bump - when I got the new Citi Dividend Platinum card, I got a free $5k CL increase. Sweet!

mrbean said:Chase is now open for converting between different reward cards, including those from the BankOne side, and I was told that the card number and account age will not be changed.
Interesting, mrbean. I have a couple of Chase cards left over from BT's that I'd like to convert to the PerfectCard which has a simple, no hassle reward structure.

I recently called MBNA to convert one of my HGW1/HGW4 cards, don't remember which exactly, it's the CashBack one that gives rebates only on grocery purchases and therefore nearly useless now that the 10% rebates have expired. I was told (by a credit analyst) that the two cards are of different types and I'd have to go through application. Tried to negotiate an "expedited" application i.e. if I go through the process will it be just a formality since we are really just converting an existing line - they said no, it will be treated the same as any other app.

DWJoe said:Interesting, mrbean. I have a couple of Chase cards left over from BT's that I'd like to convert to the PerfectCard which has a simple, no hassle reward structure.

I am not sure if they are converting non-reward to reward cards - probably. Doesn't hurt to ask. Interesting the CSR called it an "account upgrade" rather than a conversion.

Regarding the perfect card, I have the 3% gas version, and it used to be no hassle to me. Now that 5% gas+grocery is the norm on other cards, I find myself using the Perfect card less and less, and keep wondering if I have made the 9 purchases this "account year" to avoid the annual fee.

So I thought converting it to the "Chase Cash Plus" card (5% grocery+gas, no fee, a BankOne product) might be better - as CornHusker pointed out above. The down side is that the rebate will not be automatic on the next statement. It's a point system, and I have seen some posts here complaining about Chase's way of handling the points program since it's relatively new to them. Also a disadvantage about the annual cap on points.

Hassle either way!

Anyone know about BofA?