Chase Is Now Blocking Moving Credit Lines Between Businesses

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Moving Credit Lines Between Businesses

Chase Denies Moving Credit Lines Between Businesses

It looks like Chase recently made a change when moving credit lines around for business cards.  This is something people may do to get an application approved, to increase the limit on a card they use more often or if they have a large purchase upcoming.  The process has always been relatively simple. You can usually make the transfer within a couple of minutes via a simple call using the number on the back of your card.  I don’t think Chase will do it over secure message like they will for personal cards but I could be wrong there.  I know they wouldn’t let me make changes on a business checking account that route so that is why I say that. It looks like now Chase denies moving credit lines between businesses.

Why Would You Transfer Credit Limits?

In the past you could take a credit limit from card A and move it to card B. Think of moving some credit limit from your Ink Cash to make room for a new Ink Unlimited.  This way the bank is not extending you any new credit but is still giving you a new card.  That was a useful workaround to denials in the past during your reconsideration phone call.

Moving Credit Lines Between Businesses

Chase Denies Moving Credit Lines Between Businesses

Things seem to have changed a few months ago, in some instances at least.  You can still move around credit lines between cards for the same business. You can not however, move credit lines between two different business entities even if they are on your same login.

PDX Deals Guy recently ran into this issue when calling in.  He wanted to move some credit from a business he signed up for with his social security number (sole proprietorship) to a business that is an LLC. These were different companies but in the past you could move credit lines between them since they were all based off your individual credit portfolio.

The Chase rep informed PDX Deals Guy that it was no longer an option.  He was informed that the change was made a few months back. He was informed that he would have to move the credit from another card that is under the same business name.

Final Thoughts

This isn’t a huge change and won’t affect everyone.  If all of your cards are under the same business then you should be fine going forward.  But, if you have accounts from more than one business it is something to be aware of in the future.

Mark Ostermann
Mark Ostermann is a father, husband and miles/points fanatic. He left the corporate world after starting a family in order to be a stay at home dad. Mark is constantly looking at ways to save money and stay within budget while also taking awesome vacations with his family. When he isn't caring for his family or taking a weekend trip, Mark is working towards his goal of visiting every Major League Baseball ballpark.

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4 COMMENTS

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4 COMMENTS

  1. Incorrect facts and a story that is meaningless to over 99% of the readership. It’s the Mark Ostermann double play special!

    • Kevin – I had to approve this because I find the name hilarious. Also I would love to know what isn’t accurate in the story since this came directly from Chase?

  2. Can certainly understand the change and frankly surprised it was ever easy. You may see it as simply moving credit limits around but since they are different legal entities it could expire the bank to loss if the entity with the new, higher limit defaults on payment or declared bankruptcy. Very reasonable change and I applaud them for tightening restrictions given the still uncertain economy (especially for small businesses)

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