topic Re: Chase Freedom Approved - mixed emotions in Credit Card Approvals

Chase Freedom Approved

merlinflex — Sat, 06 Feb 2016 22:21:56 GMT

Got a mailer from Chase saying I was "pre-approved" for Freedom last week....tore me up as I was done with new cards for the next two years, already have a CSP with them, but went ahead and applied, got 7-10 day msg about a week ago, got a letter in the mail yesterday that my CRs were frozen and they could not access (forgot to lift them) and they said they needed access to EQ to complete....debated then lifted the freeze, called in and went through the process and verifired and was told approved and I would get info in the mail.

Logged on about an hour later to chase.com and saw the limit. $8500.00 little dissappointed since I have the CSP at $12K, but I know Chase is not known for high limits, so I guess it is a decent limit, but not sure if anyone else out there has higher limits on Freedom, really want only $10K+ card going forward.

My Stats: (scores and limits in my sig are current as of this week). They pulled EQ solely, I live outside DC in Northern Virginia. No baddies ever, my utilization is around 7% ($350K+ total credit lines) right now, oldest account is Amex, 25years and average age in around 8yrs. two auto loans (1.99%&2.35%-chase auto loan), 30 yr mortgage @ 3.25% (28.5 yrs left) $650K loan and already paid down 30%. 23 INQs in last 2 years.

(side note, have a PhD, not a MD and never ever call myself doctor, but since I have had Chase for over a decade, when I opened my 1st account with them, was friends with the girl who opened the account and she put in Dr...grrr)

Re: Chase Freedom Approved - mixed emotions

Anomalous — Sat, 06 Feb 2016 18:37:43 GMT

Congratulations?

Re: Chase Freedom Approved - mixed emotions

fullstackdev — Sat, 06 Feb 2016 18:39:42 GMT

Congrats on your approval! I'm sorry you're disappointed with what seems like a great starting limit. Maybe give the card some usage and call to ask for an increase a few months? Or move some of the limit from your CSP? Or combine the Freedom into the CSP or vice versa?

Re: Chase Freedom Approved - mixed emotions

Anonymous — Sat, 06 Feb 2016 19:12:16 GMT

Congrats on the approval !

Re: Chase Freedom Approved - mixed emotions

Anonymous — Sat, 06 Feb 2016 19:36:44 GMT

Congrats! That's a great starting limit, enjoy it.

Re: Chase Freedom Approved - mixed emotions

pizza1 — Sat, 06 Feb 2016 19:57:34 GMT

Seems like a nice to me! Congrats on the approval

Re: Chase Freedom Approved - mixed emotions

Anonymous — Sat, 06 Feb 2016 20:44:06 GMT

Congrats on the approval! Moving $1,750 from CSP to Freedom will give you two cards with limits of $10,250, which meets your stated goal of having "only $10K+ cards going forward". With your goal thus met, you can grow them both from there.

Re: Chase Freedom Approved - mixed emotions

NRB525 — Sat, 06 Feb 2016 21:56:01 GMT

Congratulations, $8,500 on a Freedom card, when you also have the CSP, should be adequate for any spend you would run through the Freedom.

The 5 UR category each quarter is limited to $1,500 total spend in the category, over 3 months, so the remainder is 1 UR point on all other spend, which can be either the Freedom or the CSP, pickem. Using the CSP for items obviously not in Freedom categories during a given quarter has the possibility that the CSP picks up 2 UR points.

My Freedom card is $1,500 and I use it all the time for little charges, and of course category spend.

Re: Chase Freedom Approved - mixed emotions

merlinflex — Sat, 06 Feb 2016 22:17:01 GMT

@Anomalous wrote:
Congratulations?

Thanks, sorry, prob coming off like a spoiled child with all the other high limits. But the more I think about it, I think it is a good limit. It will prob grow over time! T

Re: Chase Freedom Approved - mixed emotions

merlinflex — Sat, 06 Feb 2016 22:17:53 GMT

@fullstackdev wrote:
Congrats on your approval! I'm sorry you're disappointed with what seems like a great starting limit. Maybe give the card some usage and call to ask for an increase a few months? Or move some of the limit from your CSP? Or combine the Freedom into the CSP or vice versa?

Thanks! I had not even thought of that! Its a good idea, I think I will do exactly that!

Re: Chase Freedom Approved - mixed emotions

merlinflex — Sat, 06 Feb 2016 22:18:41 GMT

@Anonymous wrote:
Congrats! That's a great starting limit, enjoy it.

Thanks, thinking it more and I am in agreement, just the other high limits spoiled me prob too much!

Re: Chase Freedom Approved - mixed emotions

merlinflex — Sat, 06 Feb 2016 22:19:45 GMT

@Anonymous wrote:
Congrats on the approval! Moving $1,750 from CSP to Freedom will give you two cards with limits of $10,250, which meets your stated goal of having "only $10K+ cards going forward". With your goal thus met, you can grow them both from there.

Yepper, someone else mentioned pretty much the same thing you are pointing out! Had not even crossed my mind that I can do that!

Re: Chase Freedom Approved - mixed emotions

merlinflex — Sat, 06 Feb 2016 22:21:05 GMT

@NRB525 wrote:
Congratulations, $8,500 on a Freedom card, when you also have the CSP, should be adequate for any spend you would run through the Freedom.
The 5 UR category each quarter is limited to $1,500 total spend in the category, over 3 months, so the remainder is 1 UR point on all other spend, which can be either the Freedom or the CSP, pickem. Using the CSP for items obviously not in Freedom categories during a given quarter has the possibility that the CSP picks up 2 UR points.

My Freedom card is $1,500 and I use it all the time for little charges, and of course category spend.

Yepper, even though I do no have the card yet, I did log on and set up auto pay and also picked the category for this quarter! I will do just as that!Thanks!

Re: Chase Freedom Approved

OmarGB9 — Sun, 07 Feb 2016 05:02:40 GMT

Grats

Re: Chase Freedom Approved

alextercero — Sun, 07 Feb 2016 06:45:16 GMT

Congrats

Re: Chase Freedom Approved

Anonymous — Mon, 08 Feb 2016 07:30:27 GMT

Congrats on your approval!