Credit Cards

[rogersave]

Ok the good news, applied for a freedom card called backdoor number and after explaining my past situation and answering a few other questions I was approved! Now the weird part, I got approved with a 200 dollar limit(never heard them giving limits so low) My reports are clean just waiting for COs to age. Recently approved for a  Discover IT card with a 1700 dollar limit that hasnt hit reports yet(told him I was approved like 2 weeks ago) Im extremely happy to get my foot in the door with Chase but the limit is tough. Shoild I call and recon on credit limit tmw? BTW my income is 120,000

[creditnocash]

waiting for your co to age? obviously why they are stingy. 

if you had to recon too get 200 id say do it now. any time you ask chase for a cli it will be a hard pull anyways. 

[flashevo]

What does your Fico score look like and what report did they pull?

[CreditWorld2013]

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rogersave wrote:

Ok the good news, applied for a freedom card called backdoor number and after explaining my past situation and answering a few other questions I was approved! Now the weird part, I got approved with a 200 dollar limit(never heard them giving limits so low) My reports are clean just waiting for COs to age. Recently approved for a  Discover IT card with a 1700 dollar limit that hasnt hit reports yet(told him I was approved like 2 weeks ago) Im extremely happy to get my foot in the door with Chase but the limit is tough. Shoild I call and recon on credit limit tmw? BTW my income is 120,000

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I'm with "creditnocash" on this one. I would let the CO and this account age. After 6 months to a year request an increase. This way Chase will see the Discover account report and show that you can manage both Chase and Discover responsibly. Right now I wouldn't risk getting a Chase rep who may want to close the account if they don't believe you should have gotten the card to begin with. (A while back a poster from another bank requested a CLI or something and they came back with an account closure) So thread carefully and treat the card well. Good Luck!

[rogersave]

I believe they pulled experian(I'm in ny) scores are in my signature. My charge offs are all paid off as of 2 years ago. I have been making a lot of progress and I am very happy to get foot in door with Chase just disappointed with the credit limit, thought it would be at least 500 or 1000. I presume this card will grow with me? Not sure if I should recon with them for a lil higher cl or just be happy I got approved as long as card grows with me. Thanks for the advice. I have come so far with the help of this board

[CreditWorld2013]

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rogersave wrote:

I believe they pulled experian(I'm in ny) scores are in my signature. My charge offs are all paid off as of 2 years ago. I have been making a lot of progress and I am very happy to get foot in door with Chase just disappointed with the credit limit, thought it would be at least 500 or 1000. I presume this card will grow with me? Not sure if I should recon with them for a lil higher cl or just be happy I got approved as long as card grows with me. Thanks for the advice. I have come so far with the help of this board

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Chase does grow with you but usually with a hard pull when you want a CLI. With that being said, I've seen quite a few recent Chase auto-increases so they may be returning to a more generous system. 

[jake619]

That sucks. Maybe put Netflix and some low end recurring stuff on it. As a wallet card you're pretty hamstrung with 200. IMO I would still keep it to gain the TL.

[Anarchy]

What kind of "Freedom" is a $200 CL? Lol  Well, at least your foot is in the door.

Treat them good and you will be well rewarded.

[Dustink]

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rogersave wrote:

Ok the good news, applied for a freedom card called backdoor number and after explaining my past situation and answering a few other questions I was approved! Now the weird part, I got approved with a 200 dollar limit(never heard them giving limits so low) My reports are clean just waiting for COs to age. Recently approved for a  Discover IT card with a 1700 dollar limit that hasnt hit reports yet(told him I was approved like 2 weeks ago) Im extremely happy to get my foot in the door with Chase but the limit is tough. Shoild I call and recon on credit limit tmw? BTW my income is 120,000

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Are you the same person as "scottinla21"

You both have IT's with 1700 limits.

[LesWH]

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Splurge wrote:

What kind of "Freedom" is a $200 CL? Lol  Well, at least your foot is in the door.

Treat them good and you will be well rewarded.

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