topic Re: CHASE - Moving limits ?? in Credit Cards

CHASE - Moving limits ??

Anonymous — Sun, 20 Mar 2016 16:59:36 GMT

Ok, something that makes zero sense to me with CHASE -- so I was approved for the RITZ Card about 4 months ago with $5,000 line -- a month or so later was approved for AMAZON Card. Now, because I use my RITZ Card wayyy more, I wanted to reallocate a good % oif my AMAZON card ot RITZ.. Called the JP Exec Customer Service line which services all "luxury" cards, and was told Lending needed to look at the approval for the line reallocation. Why?! The bank is not changing their exposure at all -- not one bit, I'm not getting anty extra credit extended so why in the world would lending need to look at anything? Every other lender Ive done this with is easy as pie!

I of course, hung up immediately as I dislike CHASE lending especially, as they often act like interrogation specialists (yes, I understand that is in a way, their job -- but some are super abrasive in their delivery!) comapred to other lenders I've dealt with. I love CHASE cards, however. . and did have a great experience with a Sr Lending Rep 2 months ago after an issue. Guess I wont be reallocating for now, but anyone with any REAL insight as to why lending has to review these requests, i'm all ears! :-) As a side note, I typically always PIF my RITZ card or make very large payments (as noted by the supervisor in JP MORGAN Customer Care, who waived my interest this month!).. Scores all above 680, FICO 8

Re: CHASE - Moving limits ??

Anonymous — Sun, 20 Mar 2016 17:03:12 GMT

Just send a SM saying transfer x amount from account ending in xxxx to account ending in xxxx and it'll be done within hours

Re: CHASE - Moving limits ??

Anonymous — Sun, 20 Mar 2016 17:07:25 GMT

I have talked to lending a couple times in reagards to transfers. Sometimes the CSR needs to have lending get involved. I have never had any issues even when moving $19k from one card to another.

Re: CHASE - Moving limits ??

Anonymous — Sun, 20 Mar 2016 17:13:22 GMT

If anyone could just do this without an account review, you'd have all kinds of people transferring limits around, and Chase partners (Amazon, Hyatt, and others) would get super mad.

Different cards also have different underwriting criteria. Chasee approved you for "x" limit on Ritz, which is a brand new card for you. They did not approve your Ritz for "y" limit. You're trying to write your own limits as a brand new Chase customer.

There isn't any reason to feel entitled about it. A number of lenders either do not allow it, require a HP for it, and have different requirements such as a manual review or having 13 months with the account.

Credit is a privilege, not a right.

Chase has its rules (they will conduct a review), and Chase clearly stated them to you. You can either comply with their requirements, or choose not to do so.

Re: CHASE - Moving limits ??

Anonymous — Sun, 20 Mar 2016 17:20:37 GMT

@Anonymous wrote:
Ok, something that makes zero sense to me with CHASE -- so I was approved for the RITZ Card about 4 months ago with $5,000 line -- a month or so later was approved for AMAZON Card. Now, because I use my RITZ Card wayyy more, I wanted to reallocate a good % oif my AMAZON card ot RITZ.. Called the JP Exec Customer Service line which services all "luxury" cards, and was told Lending needed to look at the approval for the line reallocation. Why?! The bank is not changing their exposure at all -- not one bit, I'm not getting anty extra credit extended so why in the world would lending need to look at anything? Every other lender Ive done this with is easy as pie!

I of course, hung up immediately as I dislike CHASE lending especially, as they often act like interrogation specialists (yes, I understand that is in a way, their job -- but some are super abrasive in their delivery!) comapred to other lenders I've dealt with. I love CHASE cards, however. . and did have a great experience with a Sr Lending Rep 2 months ago after an issue. Guess I wont be reallocating for now, but anyone with any REAL insight as to why lending has to review these requests, i'm all ears! :-) As a side note, I typically always PIF my RITZ card or make very large payments (as noted by the supervisor in JP MORGAN Customer Care, who waived my interest this month!).. Scores all above 680, FICO 8

How long is your history with Chase? I ask because I did multiple CL moves and closed cards and it was done so over the phone in less than 2 minutes, zero hesitation. The first CL move I did was a portion of my Ritz to my Marriott and they did so without hesitation or even a question.

EDIT: OP, I would bet the consensus will be that you have not had enough time with Chase, thus why they transfered to lending.

Re: CHASE - Moving limits ??

kdm31091 — Sun, 20 Mar 2016 17:13:16 GMT

OP, you seem to come off rather entitled. You immediately "dislike" any lender who does not do exactly what you want, when you want, at the snap of a finger. I think it would serve you well to dial down your expectations a little bit.

Second, why are you calling the JP executive line for something as simple as moving limits? No-frills CSRs can accomplish this (or else transfer you to lending just as from calling the exec line). Calling the exec line may make one feel special, but calling it for basic requests is why things get shut off from easy access.

Regarding the actual "issue" here, moving limits is not a definite right 100% of the time. It could just be that with your multiple new accounts, and issue with the Ritz about a month ago with the cash advance, etc, Chase is just tightening the reigns on you for now. I'd lay low for awhile, stop seeking credit, stop trying to move limits which results in a review...just chill out. Let your reports recover.

Re: CHASE - Moving limits ??

Anonymous — Sun, 20 Mar 2016 17:15:53 GMT

@Anonymous wrote:
If anyone could just do this without an account review, you'd have all kinds of people transferring limits around, and Chase partners (Amazon, Hyatt, and others) would get super mad.

Different cards also have different underwriting criteria. Chasee approved you for "x" limit on Ritz, which is a brand new card for you. They did not approve your Ritz for "y" limit. You're trying to write your own limits as a brand new Chase customer.

There isn't any reason to feel entitled about it. A number of lenders either do not allow it, require a HP for it, and have different requirements such as a manual review or having 13 months with the account.

Credit is a privilege, not a right.

I understand the words the OP used but after reading it a couple times I don't see it as entitled. I mean, figure it this way. OP has been here as a resitered user since 1-11-15 which means OP has seen many threads of posters noting how they easily moved Chase CL's around, so I can see that setting a tone of expectations that it would be an easy phone call with a CSR.

Is Chase changing perhaps? We all know about 5/24 so they certainly are tightening the risk factor for sure. Yes, it makes no sense in the scheme of overall exposure, but then again that would only be a line item of a dissertation of what we see the CC companies do that make us scratch our heads.

Re: CHASE - Moving limits ??

Anonymous — Sun, 20 Mar 2016 17:19:45 GMT

@Anonymous wrote:

I understand the words the OP used but after reading it a couple times I don't see it as entitled. I mean, figure it this way. OP has been here as a resitered user since 1-11-15 which means OP has seen many threads of posters noting how they easily moved Chase CL's around, so I can see that setting a tone of expectations that it would be an easy phone call with a CSR.

Is Chase changing perhaps? We all know about 5/24 so they certainly are tightening the risk factor for sure. Yes, it makes no sense in the scheme of overall exposure, but then again that would only be a line item of a dissertation of what we see the CC companies do that make us scratch our heads.

There isn't any reason to act as if it is a guarantee or an automatic expectation. Nothing in the credit world is. OP is a brand new Chase customer and it's not realistic to act as if this should be a right (not a privilege).

Re: CHASE - Moving limits ??

Anonymous — Sun, 20 Mar 2016 17:21:49 GMT

You have had the Ritz card for 4 months, had it froze after 3 months because of a cash advance and now a month later you try to increase its limit by taking it from a card that you have had 3 months. I would be shocked if Chase didn't send it to lending. Just a suggestion but if you keep doing things like this, being referred to lending may be the least of your worries with Chase.

Re: CHASE - Moving limits ??

Anonymous — Sun, 20 Mar 2016 17:24:21 GMT

@Anonymous wrote:
You have had the Ritz card for 4 months, had it froze after 3 months because of a cash advance and now a month later you try to increase its limit by taking it from a card that you have had 3 months. I would be shocked if Chase didn't send it to lending. Just a suggestion but if you keep doing things like this, being referred to lending may be the least of your worries with Chase.

Re: CHASE - Moving limits ??

Anonymous — Sun, 20 Mar 2016 17:22:44 GMT

I would be very shocked if they didn't close your accounts outright!

Re: CHASE - Moving limits ??

Anonymous — Sun, 20 Mar 2016 17:25:11 GMT

@Anonymous wrote:
I would be very shocked if they didn't close your accounts outright!

Re: CHASE - Moving limits ??

Anonymous — Sun, 20 Mar 2016 17:26:32 GMT

@Anonymous wrote:
You have had the Ritz card for 4 months, had it froze after 3 months because of a cash advance and now a month later you try to increase its limit by taking it from a card that you have had 3 months. I would be shocked if Chase didn't send it to lending. Just a suggestion but if you keep doing things like this, being referred to lending may be the least of your worries with Chase.

I remember this now. I would hang low and be happy you still have your cards with Chase.

Re: CHASE - Moving limits ??

Anonymous — Sun, 20 Mar 2016 17:28:02 GMT

@Anonymous wrote:
@Anonymous wrote:
You have had the Ritz card for 4 months, had it froze after 3 months because of a cash advance and now a month later you try to increase its limit by taking it from a card that you have had 3 months. I would be shocked if Chase didn't send it to lending. Just a suggestion but if you keep doing things like this, being referred to lending may be the least of your worries with Chase.
I remember this now. I would hang low and be happy you still have your cards with Chase.

<sigh>, my memory sucks at times. If I had recalled this my response would have been 180 degrees different.

Re: CHASE - Moving limits ??

Anonymous — Sun, 20 Mar 2016 17:31:52 GMT

My apologies to those I disagreed with and thought were a tad harsh. OP is damn lucky the cards are still active.

Re: CHASE - Moving limits ??

myjourney — Sun, 20 Mar 2016 17:34:00 GMT

And no one caught the waived interest request

My advice which I've stated before Joey .....keep it up and see what happens

That rant thread about A, B C did this or that I'll be here trying to hold the wolves at bay from the scent of fresh meat ....Lol

While SMH

Re: CHASE - Moving limits ??

kdm31091 — Sun, 20 Mar 2016 17:36:22 GMT

The waived interest thing makes this even crazier (to me).

OP, to be completely honest, it sounds like you are simply in over your head with all this stuff. If you are being charged interest on your Ritz or Amazon or whatever, you are spending more than you can pay off, which makes the rewards pointless. We all have had to carry balances for one reason or another, but to me it just sounds like you're in too deep with this stuff. Cash advances, getting interest waived, frozen cards, moving limits -- no WONDER Chase is keeping a close eye on you. Honestly you need to evaluate whether credit cards are even a good thing for you at this point. If you are overspending you may want to SD all the cards and use debit until you can get control of things.

Re: CHASE - Moving limits ??

Anonymous — Sun, 20 Mar 2016 17:39:38 GMT

Okay, some of you people are UN-BELIEVABLE!!!! Like truly nasty, and a waste of time and space. PEOPLE COME HERE FOR HELP, WITH QUESTIONS AND INQUIRIES -- and you berate them, make fun, respond crudely -- it is a compelte joke. "I'd be surprised if they didnt close your accounts outright", or "OP is damn lucky he still has his cards with CHASE: ... HOW ABOUT THIS: CHASE DID review me simply for a Cash advance (which I'm told is often procedure on accounts with Chase -- this directly from a Sr Lending rep), and found NO REASON to suspend or close my cards -- so obviously, I am doing something right. I am blown away by these responses and request this thread CLOSED for Non-FSR immediately. I knew I should not have posted it, becuase the same snarky people reply each and every time. I asked a simple question -- that was it.

GET A LIFE please, and find something better to do. I asked a SIMPLE qeustion and am truly bewildered at these replies -- calling ME entitled? Sounds to me like some of you are the ones with extreme self-inlfated self worths, and egos at that. I do not want to aruge, and I THANK the few who offered some bit of constructive advice here -- the rest of you need to find a better hobby, or something in life to dway you from trolling these boards looking to spew your crude, senseless garbage at users looking for help and advice. It is dispicable, plain and simple. Have a GREAT Sunday :-)

Re: CHASE - Moving limits ??

Anonymous — Sun, 20 Mar 2016 17:45:16 GMT

@Anonymous wrote:
Okay, some of you people are UN-BELIEVABLE!!!! Like truly nasty, and a waste of time and space. PEOPLE COME HERE FOR HELP, WITH QUESTIONS AND INQUIRIES -- and you berate them, make fun, respond crudely -- it is a compelte joke. "I'd be surprised if they didnt close your accounts outright", or "OP is damn lucky he still has his cards with CHASE: ... HOW ABOUT THIS: CHASE DID review me simply for a Cash advance (which I'm told is often procedure on accounts with Chase -- this directly from a Sr Lending rep), and found NO REASON to suspend or close my cards -- so obviously, I am doing something right. I am blown away by these responses and request this thread CLOSED for Non-FSR immediately. I knew I should not have posted it, becuase the same snarky people reply each and every time. I asked a simple question -- that was it.

GET A LIFE please, and find something better to do. I asked a SIMPLE qeustion and am truly bewildered at these replies -- calling ME entitled? Sounds to me like some of you are the ones with extreme self-inlfated self worths, and egos at that. I do not want to aruge, and I THANK the few who offered some bit of constructive advice here -- the rest of you need to find a better hobby, or something in life to dway you from trolling these boards looking to spew your crude, senseless garbage at users looking for help and advice. It is dispicable, plain and simple. Have a GREAT Sunday :-)

Joey, if you can't take constructive criticism, then I'd suggest you stop posting every issue you encounter. People are trying to help but you are so positive that everyone is wrong but you, you can't recognize that. No one is trolling or anything close to it. This is not the first time you have over reacted to posts and maybe it's time to take a look in the proverbial mirror.

Re: CHASE - Moving limits ??

Anonymous — Sun, 20 Mar 2016 17:48:02 GMT

Irish --- I "overreact: because it is mind boggling how judgmental people are here without knowing a thing about my individual story, needs, costs, spend, etc. AND on top of that ,basically throwing out threatening language "Watch what happens" etc -- get a job! Are we in 10th grade here people ? The crudeness is appalling, and you can not tell me that half these posts are not crude and abrasive in nature for no reason at all