I have a Chase Freedom Card, however the limit is only $400. If i close the card and reapply after 60 days, do you think they will approve for a higher limit or the same limit?
When I obtained the card 2 years ago, I was in my rebuilder stage. My score was 650ish and I had a lot of derogs. Now my scores are a lot better, EQ 732, TU 682(1 last baddie).
Originally the card had a $200 limit. I called and asked for an increase, they only doubled it. With the limit being so low, they'll probably never give me a real limit. Citi wasn't like that, I started out with a $500 limit and now its $4k. They were opened around the same time.
With the negatives of AAofA and higher utilization aside, would it better to close the card and reapply at a later date?
I've never been late, never over the limit on any of my tradelines for the last 3.5 years. My Chase currently has a zero balance reporting.
Call and ask for an increase.