Originally Posted by
dom93hatch
Yes.
I just did this recently.
I told chase that I want to close the card.
They asked why.
I said because _____ is offering me 5.9% until 2010, so I'm going to transfer my balance.
They said "Oh you are qualified for a lower rate and increased limit."
So they matched it to 5.9% and upped my credit line.

Werd. They don't mind automatically upping my credit line, just no lower interest rate.
This is actually the second time I've called them about this since I got the card. The lady didn't even give me a chance. She was just like "you want to close it out? I'd be happy to do that." and that was it.