03-12-2013 06:14 PM
A couple weeks ago I had applied for the Discover IT card and the Chase Freedom. I was instantly approved for Discover with a $9000 limit (YAY!). I received the 7-10 days message from Chase. I ended up getting a letter from their Fraud department and needed to call in to verify I am who I say I am.
After the verification, the CSR processed my Chase application and it was approved. But only for $3000. The CSR was really struggling (I think she was new) so I just left it at that and ended the call. Pretty disappointed though, especially since Discover gave me $9000. However, since I applied for both the same day, the Discover limit was not on my report and it might have made a difference with the Chase limit if it had been.
Discover pulled EQ, which FICO was 719. MyFICO score for TU in January was 715. I have Experian's monitoring service, and my FAKO is 675 (been this score for over a year). But EX does show an inquiry from Chase.
Is it possible to get an immediate review and CLI with Chase? Or am I gonna be stuck with the $3000 limit for awhile?
03-12-2013 06:28 PM
03-12-2013 06:29 PM
You can ask them for a increase but they are going to require another hard pull
03-12-2013 07:11 PM
Thanks for the information! I just got off the phone with them. I found out my APR is 22.99% (WHAT??). They would have to do a HP for a CLI and to review the APR. She said they pulled Equifax (although I also show a hard inquiry on Experian) but couldn't tell me the score. Discover said it was 719, and they were both applied for back-to-back.
But she said that I did not qualify for "elite pricing" and would receive a letter in the mail. I'll wait until I receive that letter to see what it says before calling them back.
I almost always PIF, so the APR is not a huge deal, more insulting than anything. But if I do have to charge something that will take more than a billing cycle to pay, it won't be on this card!
I was really looking forward to getting away from lower limit cards. Discover made my day, and Chase is raining on my parade.
03-12-2013 07:16 PM
03-12-2013 07:20 PM
03-12-2013 11:26 PM
03-13-2013 12:05 AM
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