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Soft/Hard Credit Limits on JPM Palladium & Select Cards

Valued Contributor

Soft/Hard Credit Limits on JPM Palladium & Select Cards

For those that didn't know, the official policy of J.P. Morgan (as relayed to me by their VP of Card Services) is that Palladium card members can spend up to 3x their stated credit limit/credit access line. So, if you're approved for a $50k "limit," you can actually spend $150k without issue. Anything over that 3x limit automatically gets denied. For the J.P. Morgan Select card you can spend up to 2x the statement credit limit/credit access line.

 

For Chase-branded NPSL (i.e. Visa Signature and MasterCard World/World Elite) cards, the over-the-limit spending is determined on a case-by-case basis using algorithms, so it's different for everyone.

TU FICO: 800 (2/1/14) | CK Score: 802 (2/1/14) | CS Score: 805 (2/1/14)

J.P. Morgan Palladium ($250k) | AmEx Platinum (NPSL) | AmEx SPG Personal/Business ($50k/$50k) | Citi Executive AAdvantage WEMC ($50k) | Citi Dividend WEMC ($50k) | Chase Sapphire Preferred VS ($50k) | Chase Ink Bold WEMC ($50k Flex) | Chase Ink Plus WEMC ($25k) | Chase Freedom VS ($25k) | Chase Freedom WMC ($25k) | Chase MileagePlus Explorer ($25k) | Chase Southwest RR Plus Business/Personal ($15k/$15k) | Barclays US Airways ($25k) | Barclays Hawaiian Airlines ($25k) | BofA Alaska Airlines ($10k) | Lexus Financial Services ($30k) | Mercedes-Benz Financial Services ($50k)
Message 1 of 11
10 REPLIES
Valued Contributor

Re: Soft/Hard Credit Limits on JPM Palladium & Select Cards

if i spent a 150k on any card I would be way over the WTH were you thinking limit, and would probably get and deserve a slap up side the head penality and DH would deffinetely take a high interest rate in my future spending for the next 90 days or longer. Smiley Very Happy

 

 

 

Cards: Chase Southwest 20k & CSR 10k & CSP 10k & Freedom 6.6k & Amtrak/Freedom 4.6k, FNBO DISC 25.1k Oregon Duck 5k, & AMEX BCP 15k & Hilton Surpass 7.5k & Delta Gold 6k & Zync NPSL, Fidelity AMEX 17k Commerce5.9k & Cash Forward 7.5k & Sams Club MC 10k, Paypal Extras MC 7.5k, CapOne Venture 15k, QS 2.5k, QS 750, Amazon 5.9k, Walmart 10k, Citi Simplicity 9k, Discover IT 16k and a nice stack of store cards.
Last APP/HP 5/15/2017 Marcus Loan. 30k
Message 2 of 11
Valued Contributor

Re: Soft/Hard Credit Limits on JPM Palladium & Select Cards

Bribe forgot to ask you. It's your 75k on palladium, your stated limit or 3x limit?

               LIMITS IN CARD DESCRIPTIONS
Message 3 of 11
Valued Contributor

Re: Soft/Hard Credit Limits on JPM Palladium & Select Cards


Crashem wrote:

Bribe forgot to ask you. It's your 75k on palladium, your stated limit or 3x limit?


$75k is my "credit access line" so I can spend up to $225k, not that I would haha.

TU FICO: 800 (2/1/14) | CK Score: 802 (2/1/14) | CS Score: 805 (2/1/14)

J.P. Morgan Palladium ($250k) | AmEx Platinum (NPSL) | AmEx SPG Personal/Business ($50k/$50k) | Citi Executive AAdvantage WEMC ($50k) | Citi Dividend WEMC ($50k) | Chase Sapphire Preferred VS ($50k) | Chase Ink Bold WEMC ($50k Flex) | Chase Ink Plus WEMC ($25k) | Chase Freedom VS ($25k) | Chase Freedom WMC ($25k) | Chase MileagePlus Explorer ($25k) | Chase Southwest RR Plus Business/Personal ($15k/$15k) | Barclays US Airways ($25k) | Barclays Hawaiian Airlines ($25k) | BofA Alaska Airlines ($10k) | Lexus Financial Services ($30k) | Mercedes-Benz Financial Services ($50k)
Message 4 of 11
Valued Contributor

Re: Soft/Hard Credit Limits on JPM Palladium & Select Cards

Nice bro!  If I remember correctly you are in SF, we should go crazy with the cards one night and have buyer's remorse the next day Smiley Happy

               LIMITS IN CARD DESCRIPTIONS
Message 5 of 11
Senior Contributor

Re: Soft/Hard Credit Limits on JPM Palladium & Select Cards


bribro wrote:

Crashem wrote:

Bribe forgot to ask you. It's your 75k on palladium, your stated limit or 3x limit?


$75k is my "credit access line" so I can spend up to $225k, not that I would haha.


Holy Cow.  You could by my house TWICE with that card...

 



Zero percent financing is where the devil lives...

10/01/17 Fico8 scores: EX 660, EQ 647, TU 663
Message 6 of 11
Valued Contributor

Re: Soft/Hard Credit Limits on JPM Palladium & Select Cards


tcbofade wrote:

bribro wrote:

Crashem wrote:

Bribe forgot to ask you. It's your 75k on palladium, your stated limit or 3x limit?


$75k is my "credit access line" so I can spend up to $225k, not that I would haha.


Holy Cow.  You could by my house TWICE with that card...

 


At the credit card's interest rate as low as it is, could we afford to make the payments?  Additionally, I don't think anyone wants us to charge back a house.  However, think of the points.

               LIMITS IN CARD DESCRIPTIONS
Message 7 of 11
Valued Contributor

Re: Soft/Hard Credit Limits on JPM Palladium & Select Cards


Crashem wrote:

Nice bro!  If I remember correctly you are in SF, we should go crazy with the cards one night and have buyer's remorse the next day Smiley Happy


Gah, I already did that this last weekend haha. Opening bottle service tabs is such a bad idea. Always close out after you reach your minimum!

TU FICO: 800 (2/1/14) | CK Score: 802 (2/1/14) | CS Score: 805 (2/1/14)

J.P. Morgan Palladium ($250k) | AmEx Platinum (NPSL) | AmEx SPG Personal/Business ($50k/$50k) | Citi Executive AAdvantage WEMC ($50k) | Citi Dividend WEMC ($50k) | Chase Sapphire Preferred VS ($50k) | Chase Ink Bold WEMC ($50k Flex) | Chase Ink Plus WEMC ($25k) | Chase Freedom VS ($25k) | Chase Freedom WMC ($25k) | Chase MileagePlus Explorer ($25k) | Chase Southwest RR Plus Business/Personal ($15k/$15k) | Barclays US Airways ($25k) | Barclays Hawaiian Airlines ($25k) | BofA Alaska Airlines ($10k) | Lexus Financial Services ($30k) | Mercedes-Benz Financial Services ($50k)
Message 8 of 11
New Contributor

Re: Soft/Hard Credit Limits on JPM Palladium & Select Cards


tcbofade wrote:

bribro wrote:

Crashem wrote:

Bribe forgot to ask you. It's your 75k on palladium, your stated limit or 3x limit?


$75k is my "credit access line" so I can spend up to $225k, not that I would haha.


Holy Cow.  You could by my house TWICE with that card...

 


Wow, there are houses for $113K, I'm really living in the wrong city! Parking spaces in NY go for $100K.

Citi Thank You $13,200 - Chase Freedom $3,100 - AMEX Zync NPSL (init. ability $17.5K) - Citi Forward $7,000 - AMEX BCP $6,000 - USAA Rate Adv $15,000 - USAA World MC $12,000 - Discover More $4,000 - Amex Hilton Honors $4,500 - Amex SPG $2,000 - Barclay's Priceline Rewards $6,400 - Chase Sapphire Pref. $7,500

EQ: 794. TU: 704. EX: 755
Message 9 of 11
Valued Contributor

Re: Soft/Hard Credit Limits on JPM Palladium & Select Cards


LilNYC wrote:

tcbofade wrote:

bribro wrote:

Crashem wrote:

Bribe forgot to ask you. It's your 75k on palladium, your stated limit or 3x limit?


$75k is my "credit access line" so I can spend up to $225k, not that I would haha.


Holy Cow.  You could by my house TWICE with that card...

 


Wow, there are houses for $113K, I'm really living in the wrong city! Parking spaces in NY go for $100K.


my first house in 2007 was $70k. Recently remodeled, .25ac yard, fenced, half brick/half siding, only 2 bedrooms & 1 bath. attatched garage with opener, new roof and new electric, central heat/air. Only 1.5 mi from campus.....so yeah, NY sucks.

Learning from my past and rebuilding..

BK discharged 1/10/17
scores: EQ 659 | TU 630 | EX 659

QS 3.8K | WF 500 | Cabela's 3k | ACU 500 |

Message 10 of 11