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Frequent Contributor
JaeJae12
Posts: 293
Registered: ‎04-15-2013

How do chase match limits?

Okay Since I am still waiting to have my CR updated to reapply for the CSP.... I was seeing that many of you guys state that chase line to match limits. My question is how is the limit determined if we put aside the other factors( history, clean report etc), does the computer add up the higest three limit card you have then take a percentage of that as you starting CL plus/minus DTI ? Some input would be nice as I am curious to know.. Thanks

BCE- 18000 -BOA 123 7000 -Freedom- 7400-Citi Forward- 17700 -Citi TYP- 17800-CSP 22.5k
Garden mode 3/25/14



Frequent Contributor
blondy250
Posts: 335
Registered: ‎01-03-2013

Re: How do chase match limits?

Try reading tea leaves it would yield better results. Anyone that says they know is guessing (thats being kind).


MyFico 1/6/14
Experian-837, Equifax-807, Transunion (Discover)--850-- 4/6/14
Aaoa-8yrs, Oldest-14yrs
No inquires in over 2 years
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Super Contributor
enharu
Posts: 6,828
Registered: ‎02-27-2013

Re: How do chase match limits?

They don't exactly "match" limits. They do use your current limits as reference, like any other lender does. For example just because an individual has several 20k CL cards from GE, while his other real cards are just approx 5k, chances are chase will not issue a CL anywhere remotely even close to 20k, though there's still such a possibility.

Eventually its going to boil down to what's in your CR and income.

JPMorgan Palladium (100k), AmEx Platinum (NPSL), AmEx SPG (46k), AmEx BCP (42k), Chase Sapphire Preferred (47k), Citi Prestige (31k), Citi Thank You Preferred (27k), Citi Executive AAdvantage (25k), JPMorgan Ritz-Carlton (21k), Merrill+ (15k), US Bank Cash+ (22.5k), Discover IT (15k), Wells Fargo (12k), Bloomingdale’s (12.4k), Chase Freedom (5k).
Frequent Contributor
blondy250
Posts: 335
Registered: ‎01-03-2013

Re: How do chase match limits?

Exactly all though CC do have different internal algorithims to determine your limit. It all comes down to credit score, income and DTI ratio and your percieved risk.


MyFico 1/6/14
Experian-837, Equifax-807, Transunion (Discover)--850-- 4/6/14
Aaoa-8yrs, Oldest-14yrs
No inquires in over 2 years
"Because your FICO® score is exceptionally high, there are no actionable negative factors present with your score".
Senior Contributor
longtimelurker
Posts: 4,136
Registered: ‎04-22-2013

Re: How do chase match limits?

While there are stories both ways, it still seem more likely to me that "X matched my limits" is more likely related to the current state of your credit report.   If issuer 1 gave you $Y and issuer 2 gives you a CLI to $Y (or a new card with $Y) it could just be because that is the "right" limit for that CR.

 

I also believe this is behind the more general "high limits cause more high limits" 


From highest to lowest: Amex BC (42K), Cap One , CSP, Fidelity Amex, Cap One, Penfed Plat Rewards x2, , Citi TY Pref, Citi TY Premier, Citi Plat Select AA, US Bank Cash Plus, Chase Amazon, Chase Freedom, Amalgamated Bank MC, Citi Forward, BCE, Sallie Mae (5K)


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