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Contributor
Posts: 75
Registered: ‎10-21-2013
0

Chase Reducing Cash Advance Limit to 20% of CL

[ Edited ]

     In case you hadn't noticed, Chase appears to be reducing cash advance limits on some credit cards to 20% of the total credit limit.  I have an Airtran Visa that was sold by Barclays to Chase last year.  Chase just dropped my Cash Advance Limit by 50% without  any prior notice:

 

Thank You Chase:

 

 

Date:06-27-2014
From:Chase Card Services
Subject:Re: Other/Inquiry Not Listed
Message: 
Dear XXXXXXXX,,

Thank you for contacting Chase about cash line.

I would like to inform you that the cash line has been
aligned to 20% of the total credit line on Chase accounts.
Please note, there is no change in the credit limit of
your account.

If you have any further questions, please reply using the
Secure Message Center.

Thank you,

 XXXXXXXXXX
Customer Service Specialist

1-800-436-7927

Account is owned by Chase Bank USA, N.A. and may be
serviced by its affiliates.


**********************************************************
**********

 

Date:06-27-2014
To:Chase Card Services
Subject:Other/Inquiry Not Listed
Message: 

 I noticed in the online system that my available cash advance line was reduced from $1,876 to $983 over the past week.

Can you please explain what is going on ?
FICOS OCT 2015
EQ 735|| EX771|| TU 772
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Valued Contributor
Posts: 1,191
Registered: ‎05-17-2010
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Re: Chase Reducing Cash Advance Limit to 20% of CL

Chase has always been 20% for me.  

FICO Scores Updated 07/15 EQ08 748 EX08 748 TU08 818
Super Contributor
Posts: 7,853
Registered: ‎10-03-2008
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Re: Chase Reducing Cash Advance Limit to 20% of CL

Chase has always been 20% for me going back to 2005.
Starting Score: 815
Current Score: 842
Goal Score: 850


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Valued Contributor
Posts: 1,897
Registered: ‎01-23-2013
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Re: Chase Reducing Cash Advance Limit to 20% of CL


visorboy1974 wrote:

Chase has always been 20% for me.  


Same here.

Senior Contributor
Posts: 3,192
Registered: ‎02-08-2014
0

Re: Chase Reducing Cash Advance Limit to 20% of CL

My CU card has been 100% for me.

My bank cards are 20%. Go figure.


2015 Dodge Challenger RT @ 4.49% opened: 1/15 $5k in student loans opened: 3/01 AAoA: 5.5 years
myFICO 3-29-16 EQ: 735 EX: 743 TU: 740 / CC UTI: 32% / Gardening since: 3-25-15
Established Member
Posts: 130
Registered: ‎06-27-2014
0

Re: Chase Reducing Cash Advance Limit to 20% of CL

[ Edited ]

Chase actually reduced my cash advance limit (from 50%) to 20% as well.

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(Amazon.com Chase Visa)

Currently a grad student, and in my wallet there exists my only 4 credit cards: Barclay Arrival+ 56k / Chase Sapphire Pref 68.2k / Citi Prestige 45k / Merrill Accolades 175k ; my student id card and a couple two-dollar bills.

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