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I just applied and got an instant approval. I called their automated line to find out my limit. It is only $500. I would like to have more, especially if I will be using the card more than my others. I currently have a bofa card with a 3k limit (which will soon be sock drawered) Discover "it" with a $1500 limit and two amex npsl.
Would it be a bad idea to call and ask them to raise it eve before I get my card? Or should I just tough it out and wait 6 months or so then do it?
THX
They won't do anything with it even if you call to my knowledge.
The $500 is basically the default, entry CL for Chase now for what they consider marginal or outright subprime customers. I'd take a hard look at my credit report if it were me, but that $500 limit is perfectly servicable in this day and age of online accounts, and getting in with Chase is a beneficial thing in the long run.
@Revelate wrote:They won't do anything with it even if you call to my knowledge.
The $500 is basically the default, entry CL for Chase now for what they consider marginal or outright subprime customers. I'd take a hard look at my credit report if it were me, but that $500 limit is perfectly servicable in this day and age of online accounts, and getting in with Chase is a beneficial thing in the long run.
Definitely this. a credit limit of $500 doesn't mean you can only spend $500. It's a little more work but just pay it down more than once a month and you'll be fine.
@saggy1 wrote:I just applied and got an instant approval. I called their automated line to find out my limit. It is only $500. I would like to have more, especially if I will be using the card more than my others. I currently have a bofa card with a 3k limit (which will soon be sock drawered) Discover "it" with a $1500 limit and two amex npsl.
Would it be a bad idea to call and ask them to raise it eve before I get my card? Or should I just tough it out and wait 6 months or so then do it?
THX
Hey Saggy,
What kind of baddies do you have, and do you know your credit score?
I really have no baddies on my score. When I append for this cars I had really high utilization and my aaoa was just under a year.
I got instantly approved but again still only 500 limit . It's been less then a week and already have 300 on it. (will pif on Friday)
I've basically exchanged this for my debit because of the rewards and the bonus offer if I spend 500 in first 3 months .
chase is always a hard pull on cli I will just use this regularly and pif and hope for the best.
Current: Fico ScoresEQ~706 TU~719 EX 709 4/28/23 Inquiries (24 Months): EQ 0 TU 0 EX 0| Most Recent: A LONG WHILE | Buy A Home Earn Cash Back | Amex Zync(Unicorn) Chase Freedom$1500 Discover IT$7,400 Citi DC $10,000 Citizens Mastercard$7,000 |
Looks like you have some pretty decent credit lines for just startin out! Chase will grow with you, but as stated, usually a HP if they don't auto CLI you. But if you ever get to the point of needing/wanting another Chase product (a la Sapphire, etc.) They are usually pretty generous then after you establish a relationship!