topic Re: What Counts as Internal Limit? in Credit Cards

What Counts as Internal Limit?

Anonymous — Tue, 17 Oct 2017 20:41:12 GMT

Basically I'm wondering if business credit limits count towards your internal limit with Chase? I have a modest income (23K), but would like to get the CSP in a few months. From my research it seems that Chase usually has an internal total credit limit on all cards at around half your income. With my current personal cards I should be good with a CSP. If they include my business credit in their calculation, I may be over. It also seems you can't transfer credit limits between business and personal cards which makes me think business cards don't count towards the limit, but that's just a guess.

Re: What Counts as Internal Limit?

Anonymous — Tue, 17 Oct 2017 22:18:39 GMT

@Anonymous wrote:
Basically I'm wondering if business credit limits count towards your internal limit with Chase? I have a modest income (23K), but would like to get the CSP in a few months. From my research it seems that Chase usually has an internal total credit limit on all cards at around half your income. With my current personal cards I should be good with a CSP. If they include my business credit in their calculation, I may be over. It also seems you can't transfer credit limits between business and personal cards which makes me think business cards don't count towards the limit, but that's just a guess.

Both business and personal credit cards count towards any limit. That is true for most, if not all, of the creditors that issue small business credit cards.

Re: What Counts as Internal Limit?

Anonymous — Tue, 17 Oct 2017 22:45:13 GMT

@Anonymous wrote:
@Anonymous wrote:
Basically I'm wondering if business credit limits count towards your internal limit with Chase? I have a modest income (23K), but would like to get the CSP in a few months. From my research it seems that Chase usually has an internal total credit limit on all cards at around half your income. With my current personal cards I should be good with a CSP. If they include my business credit in their calculation, I may be over. It also seems you can't transfer credit limits between business and personal cards which makes me think business cards don't count towards the limit, but that's just a guess.

Both business and personal credit cards count towards any limit. That is true for most, if not all, of the creditors that issue small business credit cards.

Thank you. That leads me to my next question. If denied for this reason, since I can't move limits from business to personal, what can I do to get approved? Could I offer to lower my limit on my business and see if that'll work? I know I'm getting way ahead of myself, but just curiouis.

Re: What Counts as Internal Limit?

driftless — Tue, 17 Oct 2017 22:51:38 GMT

@Anonymous wrote:
@Anonymous wrote:
@Anonymous wrote:
Basically I'm wondering if business credit limits count towards your internal limit with Chase? I have a modest income (23K), but would like to get the CSP in a few months. From my research it seems that Chase usually has an internal total credit limit on all cards at around half your income. With my current personal cards I should be good with a CSP. If they include my business credit in their calculation, I may be over. It also seems you can't transfer credit limits between business and personal cards which makes me think business cards don't count towards the limit, but that's just a guess.

Both business and personal credit cards count towards any limit. That is true for most, if not all, of the creditors that issue small business credit cards.
Thank you. That leads me to my next question. If denied for this reason, since I can't move limits from business to personal, what can I do to get approved? Could I offer to lower my limit on my business and see if that'll work? I know I'm getting way ahead of myself, but just curiouis.

Don't overthink, just apply for the card that you want most first. Those questions can be asked if you need to recon. Once you have the card(s) you can always re-allocate then or request a HP CLI.