topic Chase Slate Balance Transfer in Credit Card Applications

Chase Slate Balance Transfer

Anonymous — Wed, 05 Aug 2015 04:44:47 GMT

My roommate applied for the Slate card to balance transfer and take advantage of the zero interest period. He put in for $2,000 to be moved over and they show he is approved, but the approval offer says $2,000...My question is why would they only approve him for the amount he asked to balance transfer? Wouldn't that be an issue to move the balance from a card that has only 15% utilization to a card that would have a 100% utilization? Or is this just temporary until the card arrives and then the true credit line will be shown at that time?

Re: Chase Slate Balance Transfer

OmarGB9 — Wed, 05 Aug 2015 04:53:42 GMT

Maybe that's the max amount chase was comfortable with lending. And yes 100% util on a card looks bad, but chase doesn't care.

Re: Chase Slate Balance Transfer

Existentialist — Wed, 05 Aug 2015 18:25:12 GMT

@OmarGB9 wrote:
Maybe that's the max amount chase was comfortable with lending. And yes 100% util on a card looks bad, but chase doesn't care.

Yes unfortunately the amount U put in for BT has zero connection to your SL and the bottom line is as Omar stated... they approved a limit for U they were comfortable with which I gather didnt quite meet your expectations.... which also is why I dont advise to put in BT amount B4 finding out the SL.

Re: Chase Slate Balance Transfer

OmarGB9 — Wed, 05 Aug 2015 19:45:55 GMT

For the record, they do note in the fine print that putting in any amount for a BT doesn't guarantee you'll be granted that amount. It may be more or it may be less.