topic Re: Chase moving CL's question in Credit Cards

Chase moving CL's question

Kb109 — Thu, 27 Aug 2015 16:29:40 GMT

So my Marriott card has a $28,000 limit and I do not need a limit that high on that particular card. I was wondering if Chase would let me transfer $10,000 of my limit to my Chase Ink card? Has anyone had experience with Chase and transferring a credit limit from a personal card to a business card or vice versa? Thanks!

Re: Chase moving CL's question

Anonymous — Thu, 27 Aug 2015 17:02:38 GMT

I have 8 chase cards and have moved the credit limit on 2 of them to other Chase cards. When you call the # on the back of the card, the CSR will transfer you to lending and they will move the limits for you. It is very easy and I am happy with the results.

Re: Chase moving CL's question

Kb109 — Thu, 27 Aug 2015 17:04:39 GMT

But have you ever moved a CL from a personal card to a business card?

Re: Chase moving CL's question

Anonymous — Thu, 27 Aug 2015 17:11:35 GMT

No, I have not, but if you call I am sure they will be very helpful in trying to accomodate your request. I have to say that I am happy to deal with Chase as they are always polite and answer my questions.

Re: Chase moving CL's question

mccavity — Thu, 27 Aug 2015 20:46:41 GMT

I just got an auto CLI on my Sapphire Preferred the other day, raising my CL on that card to 10kish from 6k. I called in and asked them to please move the CLI to my Freedom, since that would be much more useful for me that on the Sapphire at this time. (6k is more than enough for now on that card)

The CSR was very helpful and moved the CLI over to Freedom with no issues, giving me an 11k limit on my Freedom and leaving me the original 6k on the Sapphire. So far I am rather pleased with Chase

Re: Chase moving CL's question

Anonymous — Thu, 27 Aug 2015 20:51:30 GMT

This is helpful general info but I think there might be certain rules about transferring business and personal limits. I read it around here somewhere but cant recall if business to personal wasnt ok or the other way around. OP it will probably be best to call and ask about this issue. Someone might come along with experience to add.

Re: Chase moving CL's question

Anonymous — Thu, 27 Aug 2015 21:28:47 GMT

most issuers won't mix personal and business. amex is a solid no. i have read that chase is a solid no as well.

Re: Chase moving CL's question

FinStar — Thu, 27 Aug 2015 21:35:00 GMT

IIRC, Chase won't reallocate CLs between personal and business cards. I think in extenuating circumstances they *could* but your best bet OP is to contact their UW department or the CL consolidation line, which handles most PRR requests.

Re: Chase moving CL's question

Anonymous — Thu, 27 Aug 2015 21:36:24 GMT

yes. but also keep in mind that the OP's reasoning is not life changing. it's just slight preference. of course call and ask, but i doubt any exceptions will be made for this reason. sorry

Re: Chase moving CL's question

onstar — Thu, 27 Aug 2015 21:37:06 GMT

@Anonymous wrote:
most issuers won't mix personal and business. amex is a solid no. i have read that chase is a solid no as well.

I've heard the same, that Chase does not like to let you move CL between personal and business. However, I know one person who has done it, moving a Chase CL from personal to business and back. Here's my hypothesis: maybe if the EIN on the business card is your SSN thus your business card is personally guaranteed by you, then they will let you move the CL back and forth. Again, just a hypothesis based on ONE person's experience. Or maybe that plus xx years experience on one/both cards.

Re: Chase moving CL's question

Anonymous — Thu, 27 Aug 2015 22:03:25 GMT

or a new rep that didn't know lol. there are many exceptions, it's just finding the right one...

Re: Chase moving CL's question

FinStar — Thu, 27 Aug 2015 22:08:41 GMT

Hopefully the OP can provide an update on whether that's feasible with their current UW policies.

Re: Chase moving CL's question

ddemari — Fri, 28 Aug 2015 00:45:13 GMT

From what I have read, chase does not allow the mixture of personal limits and business limits. but I could be wrong.

Re: Chase moving CL's question

Kb109 — Wed, 02 Sep 2015 14:19:32 GMT

Update: It was a no-go. But I did get to transfer $24,000 of my massive Marriott limit to my Freedom which works great for me so I can use it as a balance transfer card and it will still show low utilization. I was also able to obtain a CLI on my Ink business card. So everything ended up working out perfectly Thanks guys!

Re: Chase moving CL's question

Anonymous — Wed, 02 Sep 2015 14:23:52 GMT

Who needs to transfer CL when you can just CLI

Re: Chase moving CL's question

FinStar — Wed, 02 Sep 2015 16:18:16 GMT

@Kb109 wrote:
Update: It was a no-go. But I did get to transfer $24,000 of my massive Marriott limit to my Freedom which works great for me so I can use it as a balance transfer card and it will still show low utilization. I was also able to obtain a CLI on my Ink business card. So everything ended up working out perfectly Thanks guys!

Thanks for the update OP. As confirmed, Chase CL reallocations are a no-go between business and personal lines (and viceversa). On the upside, it looks like everything worked out for you on both ends.