stud007 wrote:My DW applied for the chase united mileage explorer card last week and it was an instant approval showing $5K limit.
Got the card today and to our suprise the limit is $20K, which matches her USAA world card limit.
Cant believe chase gave her that limit considering they gave her just $400 on the slate card barely 10 months back and denied her for a freedom 2 times.
I dont get their underwriting policies.
We are very excited and it was a 65k targetted offer....so she went for it.
Pulled TU with a 768 fico AAOA 4.2 years
current cards
Slate $400
USAA $20,000
Citi $5500
Amex BLUE $6000 and DELTA $2000
I just talked to Chase today. The rep made a comment that they like to match the highest limit card on file. In my case I had a 5k limit on my report, so they gave me a 5k limit on the freedom card. I am sure this is not fact, but it may give you some idea of their underwriting theory.
A lot can change in 10 months.
Congrats.
Dustink wrote:
stud007 wrote:My DW applied for the chase united mileage explorer card last week and it was an instant approval showing $5K limit.
Got the card today and to our suprise the limit is $20K, which matches her USAA world card limit.
Cant believe chase gave her that limit considering they gave her just $400 on the slate card barely 10 months back and denied her for a freedom 2 times.
I dont get their underwriting policies.
We are very excited and it was a 65k targetted offer....so she went for it.
Pulled TU with a 768 fico AAOA 4.2 years
current cards
Slate $400
USAA $20,000
Citi $5500
Amex BLUE $6000 and DELTA $2000
I just talked to Chase today. The rep made a comment that they like to match the highest limit card on file. In my case I had a 5k limit on my report, so they gave me a 5k limit on the freedom card. I am sure this is not fact, but it may give you some idea of their underwriting theory.
A lot can change in 10 months.
Congrats.
Can depend on a lot of factors. Chase recently approved me for Freedom for $5500. My highest at the time was my Amex SPG at $27K. I had a previous card that Chase had to shut down when I fell behind a few years back. I caught up before it was charged off and paid the balance in full, so they let me back in but they weren't rushing to match my highest limit.
Dustink wrote:I just talked to Chase today. The rep made a comment that they like to match the highest limit card on file. In my case I had a 5k limit on my report, so they gave me a 5k limit on the freedom card. I am sure this is not fact, but it may give you some idea of their underwriting theory.
I really hope Chase surprises me by matching my Discover card when the CSP arrives this week.
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