topic Re: How does Chase set internal maximums? in Credit Cards

How does Chase set internal maximums?

BeeH11 — Sun, 07 Aug 2016 18:26:10 GMT

Hey all!
Anyone know/have an educated guess as to how Chase sets a person's internal CL across all cards? Currently I have about $40k in limits from them. I am going to apply for another Chase card in the next month or so and I want to know if I should expect a denial for hitting the max internal limit (4/24, high household income and credit scores b/t 788-796, utilization is 8%). I'm not worried about getting denied for any reason other than maybe max internal limit. If I do get denied for this I plan to move credit over to get approved but just kinda wanted to know what to expect. Also, would I better off calling and applying over the phone and if they say no, then can re-con immediately (I don't even know if this is an option)?
Thanks all!

Re: How does Chase set internal maximums?

Anonymous — Sun, 07 Aug 2016 18:49:00 GMT

Hi, Bee!

How long have you had your current Chase cards for? Limits on each card?

Chase also seems to place a great deal of value on PIF in configuring the Chase internal score, so if that is your practice, it may raise your Chase internal score.

Which Chase card do you plan to apply for?

Re: How does Chase set internal maximums?

BeeH11 — Sun, 07 Aug 2016 20:43:59 GMT

Hi Humu!
I got my United card Jan 2013 and current limit $8800. I have CSP and got that a year and half ago and the current limit is $31,100. (Had SW but just closed it last month and transferred CL to the CSP card).

I just paid off all the Chase cards (was carrying balances on 2 of them for a while) but now DH and I pay off all balances each month (only my AMEX has a balance right now, that one is next to get paid off).

I am undecided about what card to apply to (still debating). Interested in the new Reserve maybe (if I get that one, will close CSP), the FU and the Freedom. Long term/down the road, I want 3 cards: the Freedom (for the 5% categories), FU and either the CSP or Reserve.

Re: How does Chase set internal maximums?

Anonymous — Sun, 07 Aug 2016 21:46:37 GMT

Hi Bee,

It sounds as if you have a very good length of relationship with Chase overall (from 2013) and a nice CSP limit as well. Having just paid off all the Chase cards to zero balance is good in addition.

None of us know for sure what your specific Chase internal limit might be, but your profile looks strong.

Your FICO Scores are high, income is high, and your utilization is good, so I'd say to research the card you would like and be sure it will fit your needs, and go for it! You have some strong positives in your favor.

Re: How does Chase set internal maximums?

BeeH11 — Sun, 07 Aug 2016 21:44:42 GMT

Awesome! Thanks Humu!

Re: How does Chase set internal maximums?

Anonymous — Sun, 07 Aug 2016 21:46:08 GMT

@BeeH11 wrote:
Awesome! Thanks Humu!

You are very welcome and I'm happy to help! Please let us know how things go for you. Good luck!

Re: How does Chase set internal maximums?

BeeH11 — Sun, 07 Aug 2016 22:19:38 GMT

Will do!

Re: How does Chase set internal maximums?

Peteyglad — Sun, 07 Aug 2016 23:00:07 GMT

Currently I have Chase limits at 42% of my annual income. Not sure if it is my internal limit or not though.

Re: How does Chase set internal maximums?

BeeH11 — Sun, 07 Aug 2016 23:13:06 GMT

Peter- thanks! That's informative!

Re: How does Chase set internal maximums?

Anonymous — Mon, 08 Aug 2016 00:04:47 GMT

Do any offers come up for you on their prequalifier page?

https://www.chase.com/prequalified

Re: How does Chase set internal maximums?

BeeH11 — Mon, 08 Aug 2016 00:14:35 GMT

Daisy, yes just did it. Freedom and Slate (no interest in Slate at all). However, I think I would first like the FU or possibly the new Reserve first. I'm not going to apply for anything until the Reserve is announced officially to see all the specifics on it are.

Re: How does Chase set internal maximums?

Anonymous — Mon, 08 Aug 2016 00:18:17 GMT

@BeeH11 wrote:
Daisy, yes just did it. Freedom and Slate (no interest in Slate at all). However, I think I would first like the FU or possibly the new Reserve first. I'm not going to apply for anything until the Reserve is announced officially to see all the specifics on it are.

My husband and I each have 2 Chase cards, and no offers come up for us on the prequalifier. We are way over 5/24. But the offers don't just come up for everyone.

Re: How does Chase set internal maximums?

BeeH11 — Mon, 08 Aug 2016 00:34:42 GMT

Ok, cool so it sounds like if an offer comes up, I shouldn't be at their internal max then?

Re: How does Chase set internal maximums?

CreditUnionFan — Sun, 14 Aug 2016 12:33:46 GMT

@Anonymous wrote:
Do any offers come up for you on their prequalifier page?

https://www.chase.com/prequalified

All I see is this page when I check their prequalification page. I've been told I'm at their internal limit and to just ignore all of the Marriott offers I'm mailed.

We are unable to locate any offers for you at this time.

This may be because you have opted out of "pre-screened" offers from Chase and other companies or you have recently responded to another offer from Chase.

However we may still have products to meet your needs. Please continue to chase.com