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Transfer or Reduce Credit Limits?

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kdm31091
Super Contributor

Re: Transfer or Reduce Credit Limits?

So all of your accounts are very new then really. Many less than a year.

Leave well enough alone. Be grateful you got those accounts. Use them well and garden. No more apps
Message 11 of 12
NRB525
Super Contributor

Re: Transfer or Reduce Credit Limits?


@Anonymous wrote:

Guys, thank you all for your input, here is some more info about the cards I have and their limits. 

 

Chase:

Ritz - $8k

CSP- $7.5k

United MPE - $15k

IHG- $15k

Hyatt - $5k

 

The last card I got from chase, I got a $5k limit on which was the lowest. All my accounts from Chase are less than a year old, the United, IHG, and Hyatt were opened in the last 3 months.

 

 

 


So you are at ~$50k total with Chase. Likely pushing some limits.

 

What Chase card do you not have that you want to get?

 

Edit: And here's a general observation. These cards have ~$600-700 AF involved. I'm guessing you might not keep all of them, and have any had the AF required to pay yet? Adding another card (or cards) to get the bonus(es) and then wholesale closing cards to avoid the AF may not go over well. Late in 2014, there were a number of posters here who had gotten recent bonuses, their spend pattern wasn't quite right, and Chase seemed to be running some sort of algorithm to "reduce risk" by closing accounts, including recently opened accounts where they had earned the bonus, then SD or minimally use the account. Not saying it happens here, and not saying other things weren't going on in those accounts, but a pattern of opening large numbers of Chase cards for the bonus and then closing them is perhaps not the best way to stay on Chase's good side.

High Bal Jan 2009 $116k on $146k limits 80% Util.
Oct 2014 $46k on $127k 36% util EQ 722 TU 727 EX 727
April 2018 $18k on $344k 5% util EQ 806 TU 810 EX 812
Jan 2019 $7.6k on $360k EQ 832 TU 839 EX 831
March 2021 $33k on $312k EQ 796 TU 798 EX 801
May 2021 Paid all Installments and Mortgages, one new Mortgage EQ 761 TY 774 EX 777
April 2022 EQ=811 TU=807 EX=805 - TU VS 3.0 765
Message 12 of 12
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