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Chase reduced credit line for non use - adverse affect on credit?

New Contributor

Chase reduced credit line for non use - adverse affect on credit?

Does anyone have any back door phone numbers to the credit review department for Chase?

 

I had a card with 8k limit, I am in the middle of rebuilding my credit and hit a high of 758 when they reduced me to $500 for inactivity. I called to complain and was read a script and then they wanted permission to re-pull my credit and give me an increase.  I requested the reviewing department call me and instead got a scripted leter.

 

When I pulled my TU today it is down to 687.

Any advice?

Still STEAMING.....

 

05/06/09
TU 630
EX 666 (lender pull)
EQ 635
05/24/09 TU 648

09/09/09 TU 678 EX620
10/05/09 TU 728 EX 678
02/12/2010 TU 728, EX 692
4 REPLIES
Senior Contributor

Re: Chase reduced credit line for non use - adverse affect on credit?

Start using the card with the limit you have.    Then ask for CLI later.   

 

IMO, Rebuilding means using every card , every month and more than a little

Established Contributor

Re: Chase reduced credit line for non use - adverse affect on credit?

I'm surprised that Chase only reduced your CL. Most lenders will completely close the account for inactivity and make you do a fresh app to get the CC again. I highly doubt Chase will increase your CL at your request without a hard pull on your CR. Even then you may only get a $500 increase. Start using the card. If they see activity they may very well increase it (maybe not to $8k right away), but at least it will be a soft pull.

Starting Score: TU 723, EQ 708
Current Score: TU 796, EQ 743
Goal Score: TU 800, EQ 800


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Starting Score: 708
Current Score: 743
Goal Score: 800


Take the FICO Fitness Challenge
Regular Contributor

Re: Chase reduced credit line for non use - adverse affect on credit?

 


Workinondebt wrote:

Does anyone have any back door phone numbers to the credit review department for Chase?

 


File a Better Business Bureau report.  They'll contact you.

 

 

Valued Contributor

Re: Chase reduced credit line for non use - adverse affect on credit?