topic Re: Chase Freedom Unlimited CL Recon? in Credit Card Applications

Chase Freedom Unlimited CL Recon?

SteveUrkel — Thu, 25 Jan 2018 16:47:57 GMT

Does Chase reconsider CL limits? Got approved for Freedom with $500 Limit

Its useless to use the 0% offer

Re: Chase Freedom Unlimited CL Recon?

Anonymous — Thu, 25 Jan 2018 16:49:45 GMT

What's your individual and aggregate utilization currently?

Re: Chase Freedom Unlimited CL Recon?

SteveUrkel — Thu, 25 Jan 2018 16:50:22 GMT

About 40%

Re: Chase Freedom Unlimited CL Recon?

Anonymous — Thu, 25 Jan 2018 17:00:07 GMT

So is it correct to assume you applied for the FU to transfer some of your existing balances? I can't help but notice that you already have the Slate card which is essentially Chase's balance transfer card although I imagine that you'd be hit with a 5% BT fee if the Slate is older than 60 days.

What I see is Chase attempting to limit its exposure by granting you a small CL on the FU. You'd be better off paying down your existing balances before applying for more credit or perhaps you can find a more forgiving lender but 40% raises red flags when most lenders consider 30% or less utilization as responsible credit usage.

Re: Chase Freedom Unlimited CL Recon?

FinStar — Thu, 25 Jan 2018 18:29:17 GMT

Based on the assigned SL, it appears you barely made the cut OP.

You can call for a SL reconsideration, however it will be another HP and with no guarantee any CLI will be granted.

Chase may feel, based on UW guidelines and your income that this is the most they can lend to you at this time.

Re: Chase Freedom Unlimited CL Recon?

DeeBee78 — Thu, 25 Jan 2018 19:57:40 GMT

Looking at your overall utilization, the $500 Slate the $9,200 CSP, I would say that you are at max exposure with Chase right now.

Pay down your balances, then reallocate some of the limit from your CSP to give you some breathing room on the Freedom Unlimited.