Credit Cards Center Credit cards from our partners
Reply
Established Contributor
Posts: 582
Registered: ‎01-31-2008
0

Chase Ceiling

Can someone explain the "credit ceiling" that Chase has?  I had heard that they only extend you a limit based on your overall profile and what they define as the maximum credit you should have over all cards, and that they might drop your limit if you get new credit.  I'm coming up on 6 months for both my Chase and Citi card, and I'm planning to request a CLI from Citi.  However, I'm nervous about Chase noticing that and dropping my limit with them.  The holidays make me worry more since I was reading that some cards might be looking to drop limits anyway, despite good payment history.

Chase Freedom: $1500, Citi Diamond Preferred: $3000, Barclays: $3900, Chase Disney Visa: $1500, Chase Southwest Signature: $5000, Citi TY Preferred: $3000, Cap One Platinum: $1750, Cap One Platinum Rewards: $2500, Orchard Bank: $900, Kay Store Card: $6600, PayPal $2200
Established Contributor
Posts: 2,112
Registered: ‎09-25-2011
0

Re: Chase Ceiling

companies realize the holidays spending gets higher, general rule of thumb no one cares unless you carry your balances for over 3 months.


total credit limits $108,400 Credit scores Ex 728 EQ 738 TU 758
Established Contributor
Posts: 2,112
Registered: ‎09-25-2011
0

Re: Chase Ceiling

unless it's a charge card and then you got issues lol 


total credit limits $108,400 Credit scores Ex 728 EQ 738 TU 758
Senior Contributor
Posts: 6,279
Registered: ‎08-16-2012
0

Re: Chase Ceiling

Ehhh Neiman's dropped me from $750 to 505 after I took a few months to pay a $289 bal off. So I pif and closed them. I was only paying the min to estab a pmt history and get a cli. So as you can see from my siggy... A crappy $505 or even $750 line is a dent in my cred score- of course I built from these size lines obvi. Hsbc/crap one blow.
Marriott PR$25k | BCE $24.5K |BankAmericard Visa $25k| BOA Better Bal $17.5k |Wmt Discover $12.5k | BR Visa $17.5k | Amex Delta Gold $10k | Discover IT $10k | Paypal Extras MC $15k | Amazon Store $10k|Smile Gen $7.25k | Dillard's $10k | West Elm $4k| Express $3.05K | Mypoints.com Visa $4.5k | Freedom Visa $1k| Amex Surpass $1k
Established Contributor
Posts: 582
Registered: ‎01-31-2008
0

Re: Chase Ceiling


distantarray wrote:

unless it's a charge card and then you got issues lol 


When you say Charge card, do you mean a store card as opposed to a tradtional CC?

 

Oddly enough, I have one store card with Kay and recently recieved a CLI of $26.00 ... haha not sure what the point of that was.

Chase Freedom: $1500, Citi Diamond Preferred: $3000, Barclays: $3900, Chase Disney Visa: $1500, Chase Southwest Signature: $5000, Citi TY Preferred: $3000, Cap One Platinum: $1750, Cap One Platinum Rewards: $2500, Orchard Bank: $900, Kay Store Card: $6600, PayPal $2200
Valued Contributor
Posts: 1,997
Registered: ‎01-24-2012
0

Re: Chase Ceiling

I have never heard of this, and they usually only have a certain amount of credit they wish to extend to you on their own cards. The only reason they may worry is if your income is 20000 and you have 50000 in available credit. If you have a decent income, your available credit is in line with it, and you have a clean report, you have nothing to worry about.

Valued Contributor
Posts: 2,512
Registered: ‎11-11-2010
0

Re: Chase Ceiling

Chase looks at total credit you have with them, not account basis. They do have their own "credit ceiling" for their customers. When you apply your second, your third, etc Chase card they do factor in on existing Chase credit amount to determine how many credit they want to extend. I don't know whether Chase cares about the amount of credit you have with others though.

In My Wallet:
Citi Forward (12/2010) | Citi Dividend (05/2011) | Chase Freedom (11/2011) | GECRB/PayPal (05/2012)
Discover it (07/2012) | AMEX BCP (09/2012) | TD/Target REDCard (10/2012) | Chase Ink Classic (11/2012)
BofA BBR (04/2013) | FNBO/Overstock.com (02/2014) | Barclaycard Arrival (04/2014) | FIA/Fidelity AMEX (04/2014)
Valued Contributor
Posts: 1,607
Registered: ‎09-15-2012
0

Re: Chase Ceiling


EaglesFan2006 wrote:

distantarray wrote:

unless it's a charge card and then you got issues lol 


When you say Charge card, do you mean a store card as opposed to a tradtional CC?

 

Oddly enough, I have one store card with Kay and recently recieved a CLI of $26.00 ... haha not sure what the point of that was.


Charge card refers primarily to American Express charge cards.  These cards MUST be paid off of all charges during the statement period.  There is a pay by date approximately 15 days after the month ends by which you MUST pay all charges.  They are different than revolving credit cards.  These cards include the Amex Green, Amex Gold, and Amex Platinum.


In My Wallet: Amex BCP (12/12) $32,000, Chase Freedom (12/12) $16,500, Citi Forward (12/12) $14,600, Cap1 Quicksilver (6/12) $14,000, Barclaycard Rewards (5/13) $10,500, Citi Thank You Premier (6/15) $6,800

Last App: June 27, 2015
Valued Contributor
Posts: 1,277
Registered: ‎09-22-2009
0

Re: Chase Ceiling

I'm not sure what Chase's ceiiing is for CLs.  i have two accounts with them  -  a JP Select with a $25.000 CL and a CSP with $20,000.  I have no other relationship with them other than these credit cards.

EQ FICO - EQ08 - 850 - 01/01/15
TU FICO - TU08 - 850 - 01/01/15
EX FICO - EX08 - 850 - 01/01/15
EX FICO - V2 - 840 - 01/01/15
EQ FICO - EQ04 - 818 - 01/01/15
EQ FICO - Bankcard Enhanced 8 - 885 - 1/24/15
Valued Contributor
Posts: 2,287
Registered: ‎09-16-2011
0

Re: Chase Ceiling

don't go overboard in the first 6 months with the card, make payments more than minimum, don't be late on any credit  account you will be fine, don't go over 80% usage on cards, if they collect interest on you, they will love you, they won't give you CLIs but they will have no problems collecting the interest, pay it down when you can., 

 

 

Cards: Chase Southwest 20k & CSP 10k & Freedom 6.6k & Amtrak 4.6k, FNBO DISC 14.9k Oregon Duck 5k, & AMEX BCP 15k & Hilton Surpass 7.5k & Delta Gold 6k & Zync NPSL, Fidelity AMEX 12k Sally Mae5k Sams Club MC 10k, Paypal Extras MC 6k, CapOne Venture 15k, QS 2.5k, QS 750, Amazon 5k, Walmart 10k, Citi Simplicity 7k, HHonors Gold 1k (moved 5k CL to Simplicity), Discover IT 10k and a nice stack of store cards.
Last APP/HP 4/22/2015
Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
† Credit cards for FICO Score ranges: The score ranges are guidelines based on actual applicant approvals and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.