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Blogger
Posts: 3,360
Registered: ‎10-19-2012
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Re: chase credit limit decrease

You do have many sizable balances. I would prepare an explanation for those balances before calling in.

Established Contributor
Posts: 502
Registered: ‎04-17-2013
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Re: chase credit limit decrease

The OP said his CSP was CLD'ed to $4.5K, does that mean it'll be downgraded to a regular CS?


2010: 475 EQ 2011: 503 EQ 2012: 600 EQ2013:632 EQ
Starting Score: 634 EQ-3/13/13
Current Score: 706 EQ-8/29/13 703 EX-7/12/13 705 TU-8/9/13
Goal Score: 700

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Established Contributor
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Registered: ‎05-16-2012
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Re: chase credit limit decrease


s_rob7488 wrote:

Just signed into my chase account online...had 9k csp limit and 8k freedom limit and now both are at 4500????? what gives? I have a balance but I used freedom heavily on a vacation recently. Not sure what I can do to fix this, hopefully something.


How long have you had the Chase accounts? Looks like Chase is going to balance chase you.

100% Ficos: EX 773 , TU 772, EQ 771 Inquiries last 2 years/1 year/6 months: EX-0/0/0, TU-0/0/0, EQ-2/0/0~ last credit card app 6/24/13- New car loan 3/8/2014
Discover IT $11,000~Kohls $1000~Amex BCE $4000~ Walmart Discover $7500~NFCU Signature CashRewards $19,400~ Chase Freedom MC $6000~ Chase Amazon Visa $1900~ Cap 1/HSBC MC $3800~ Amazon Store $7000~ Fingerhut $1050
Valued Contributor
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Registered: ‎06-05-2013
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Re: chase credit limit decrease


CashOnDelivery wrote:

The OP said his CSP was CLD'ed to $4.5K, does that mean it'll be downgraded to a regular CS?


That was my first thought and that would be messed up.


Starting Score: EQ: 714, TU 684
Current Score: EQ: 725 7/30/13, TU 684 6/2013, Exp 730 6/27/14, Last App 1/3/15
Goal Score: 800 In garden until 4/2015
Blogger
Posts: 3,360
Registered: ‎10-19-2012
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Re: chase credit limit decrease


CashOnDelivery wrote:

The OP said his CSP was CLD'ed to $4.5K, does that mean it'll be downgraded to a regular CS?


No. Why did you think that? 

Regular Contributor
Posts: 159
Registered: ‎03-25-2012
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Re: chase credit limit decrease

Csp since april 12 free since july 12 but was a swrr prior that was from april 12 also. Im in over my head. I was doing extremely well score wise and bal/util wise. Now, not so good. Need the cards paid off and to remain in the safe. I've been in this situation before and told myself I'd never go back. I guess plan is to start with smallest balance and pay off and progressively get to largest. Is it stupid to dip into my 401k for quick cash?
Regular Contributor
Posts: 159
Registered: ‎03-25-2012
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Re: chase credit limit decrease

I did just call csp customer service number lady said I could call back Monday and see if they can reinstate the CL's. Should I look into BT to get balances to as few cards as possible?
Established Contributor
Posts: 502
Registered: ‎04-17-2013
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Re: chase credit limit decrease

[ Edited ]

HiLine wrote:

CashOnDelivery wrote:

The OP said his CSP was CLD'ed to $4.5K, does that mean it'll be downgraded to a regular CS?


No. Why did you think that? 


Mimimum line for CSP is $5k and OP was CLD'ed to $4.5K. This is a unique situation and it also poses a good question regarding it.


2010: 475 EQ 2011: 503 EQ 2012: 600 EQ2013:632 EQ
Starting Score: 634 EQ-3/13/13
Current Score: 706 EQ-8/29/13 703 EX-7/12/13 705 TU-8/9/13
Goal Score: 700

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Epic Contributor
Posts: 24,686
Registered: ‎10-23-2007
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Re: chase credit limit decrease


s_rob7488 wrote:
I did just call csp customer service number lady said I could call back Monday and see if they can reinstate the CL's. Should I look into BT to get balances to as few cards as possible?

yes... USAA, bank of America

Fico Scores: EQ- 670., TU 705 Sync, EX 728 SoFi(05/04/15)
I'm just trying to catch up to RON1
88 Cards and Counting :smileytongue:
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Senior Contributor
Posts: 26,926
Registered: ‎02-07-2013
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Re: chase credit limit decrease


s_rob7488 wrote:
Csp since april 12 free since july 12 but was a swrr prior that was from april 12 also. Im in over my head. I was doing extremely well score wise and bal/util wise. Now, not so good. Need the cards paid off and to remain in the safe. I've been in this situation before and told myself I'd never go back. I guess plan is to start with smallest balance and pay off and progressively get to largest. Is it stupid to dip into my 401k for quick cash?

If I were you and this is just an attempt to help 

Stop using your cards for now.

Weigh your options for BT's 

Pay whatever you can off

I have to ask as to get myself and others the info to help you so please excuse my probing... Have you been moving the balances around via BT's?

+ Chase ink =




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