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Established Member
Posts: 50
Registered: ‎07-26-2012
0

Chase Freedom Approved ($500) I Want More!

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

Moderator Emeritus
Posts: 10,924
Registered: ‎12-30-2011
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Re: Chase Freedom Approved ($500) I Want More!

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.

Starting Score: EQ 561, TU 567, EX 599* (12/30/11, EX lender pull 12/29/11)
Current Score: EQ 04 693, EQ 8 685, TU 705, EX 709 (02/27/15)
Goal Score: 700 on EQ 04 (01/01/16)


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Super Contributor
Posts: 5,179
Registered: ‎12-11-2011
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Re: Chase Freedom Approved ($500) I Want More!


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. :smileyvery-happy: 

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Established Member
Posts: 15
Registered: ‎05-18-2011
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Re: Chase Freedom Approved ($500) I Want More!


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?

Capital One Secured $450 | BBRZMC $300 | Capital One $300 | Credit One $750 | NFCU nRewards $4000 | Walmart $400
Valued Contributor
Posts: 2,270
Registered: ‎07-23-2012
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Re: Chase Freedom Approved ($500) I Want More!

[ Edited ]

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: Discover Fico 709 3/15 Walmart Fico 743 4/15

Inquiries (24 Months): EQ 6 TU 1 EX 6 | Most Recent: 4/09/2015
Over 12 Months:9


2015 Goals:
Lower Utility
Earn Cash Back

Amex Zync(Unicorn)
Chase Freedom$1500
Discover IT$6,400
Citi DC $10,000
Citizens Mastercard$7,000
Regular Contributor
Posts: 156
Registered: ‎07-11-2012
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Re: Chase Freedom Approved ($500) I Want More!

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!

In full gardening/ debt annihilation mode! (4/15/13)
Notre Dame FCU Visa 0/2k (8/04); CapOne Best Buy 800/1.5k (7\06)
Citi Thank You World MC 4800/9.7k (1/11); Amex Zync NPSL (9/11)
Chase Freedom Visa 1600/3.8k (9/11); Chase Southwest RR Premier Visa Signature 4300/10.7k (6/12); Discover It 0/3k (7/12)
EQ: 751 (4/1/13) EX: 742 (4/8/13) TU: 732 (4/8/13)
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