[emon87]

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I don't think there's any risk here. You just take the benefits they offer. The rewards aren't reported on your credit report and even if they were I don't think people would look unfavorably on someone who tries to maximize profit.

The only damage done might be if they have to recheck your credit history to upgrade, but that seems rather trivial.

About 18 months ago before I had any credit I got a no-fee chase card w/ $200 line (enough to go out to dinner twice before having to pay the bill). I just got approved for a >$5000 credit line through another bank, so I called up chase asking that they raise my line of credit. The woman asked how much I wanted and I just said however much your computer system will give me... you know there's a computer that inputs all of your info and outputs max credit allowed. Well, she said I had to request a specific # and see if it's accepted. I thought I'd play it safe and said $2500, she's like "Hmm, nope sorry you've been denied." GG my dignity and sense of self-worth. In retaliation I canceled the Chase card and vow never to knowingly do business with again.

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Damn chase sucks - I got a $1000 limit from USBank the day I turned 18.