@Anonymous wrote:
Yes, Im talking about a 115k charge. Im planning to buy a boat, and the store is owned by my friend. So, he allows me use CC for the entire purchase plus 1.5% processing fee (~$1800). I talked to CSP CSR, they have my request on file and said they will approve the charge. My current CL is 25k. But I used to charge about 16k on that card when my CL is only 5k (I also called them ahead). That time, my credit score was OK. But this time Im over the CL too much. I also bank with Chase, have a high six figure to low seven figure in my saving account. I think that might helped a little bit, but CSR didnt ask me anything about how much I have with them.
The only thing I am worring is that I will make the purchase in next week, and my bill due date is the week after next week. So, I dont know whether they will report this balance. Their CSR said they can't gurantee. I think if they report, my credit could be hurt.
Current FICO: ~750
@Anonymous,
Ok.. if there is a Chase branch near you, go in and have someone confirm that is noted on your account for the purchase. I wouldn't just take a CSR word for it. It is better to be safe than sorry.
Another thing you should consider since you have the money is have them temporary increase the lineon the card to cover just the boat purchase / offer them to hold the money in your account if that is safer for them. (For a transaction like that, it is best you go in than do it via phone. (It helps for them to see you and be able to verify you) I have had my card increased to high limits just to cover a big expense(not as high as yours). The temporary increase is good for 5 days. But go in and talk to someone live. Keep us posted.
