topic Re: Chase starting limits for first chase cards in Credit Cards

Chase starting limits for first chase cards

Bees18 — Wed, 19 Sep 2018 02:20:58 GMT

Hi just curious about some of your experiences here with Chase starting limits. I was reading on a cc review site that chase usually does not give steller starting limits on the freedom? For those of you who have this card and decent scores (no baddies ect) what was your starting limit on this card? How about the Chase amazon are those usually low too?

Does chase HP for a CLI and when do they typically give them? I'm interested because of the %5 cash back before 5/24 is hit but wonder if it's worth it if it's going to be a smaller end limit.

Thanks

Re: Chase starting limits for first chase cards

wasCB14 — Wed, 19 Sep 2018 02:49:31 GMT

All customer-initiated CLI requests (whether by phone, website, whatever) are HP.

Auto CLIs occasionally happen but are not guaranteed. I've had Freedom (my first credit of any type) for nearly 5 years and have never gotten an auto CLI. That said, I've added and kept four more Chase cards. I also took a HP for a modest CLI around month 8 on Freedom.

I got a $600 toy limit, but I had no history at the time. For an applicant with a more mature profile, don't underestimate the role of income.

Re: Chase starting limits for first chase cards

Anonymous — Wed, 19 Sep 2018 13:59:22 GMT

Hi Bees18,

As wasCB14 has mentioned, all customer initiated CLIs are HP. No exceptions here.

Chase does a auto CLI once every few months, but there are no patterns, DP asserting these occurances. Since you are looking to capture DPs, I have had the freedom card since 2011, and in the past 3 years, I have received 4 CLIs. Based on the feedback from the community members, this is an extremly rare occurance.

If memory serves me right, my SL on the Freendom was $4500, score was in the 740 -750 range. Thin file.

Last month DW apped for the Freedom Unlimited and received a SL of $8700, score was 764. Thinnest file I know.

I hope this helps!

Re: Chase starting limits for first chase cards

Anonymous — Wed, 19 Sep 2018 14:04:53 GMT

I had a targeted offer for my FU when I only had my Disco. They gave me a toy limit of $500.

That said, it doubled twice, first auto then HP.

Somebody else already noted the power of income with Chase, and that's definitely true based on data points I've seen. There also seems to be some correlation with relationship as well.

Re: Chase starting limits for first chase cards

ChessChik47 — Wed, 19 Sep 2018 14:17:34 GMT

@Bees18 wrote:
Hi just curious about some of your experiences here with Chase starting limits. I was reading on a cc review site that chase usually does not give steller starting limits on the freedom? For those of you who have this card and decent scores (no baddies ect) what was your starting limit on this card? How about the Chase amazon are those usually low too?

Does chase HP for a CLI and when do they typically give them? I'm interested because of the %5 cash back before 5/24 is hit but wonder if it's worth it if it's going to be a smaller end limit.

Thanks

Hi OP, I had no previous relationship with Chase and only one credit card when I applied for the Freeedom Unlimited in June of 2016 and was approved for $10,000. My FICO at the time was around 795 average for all 3. My income that I use on for credit card applications is $135K.

Re: Chase starting limits for first chase cards

FinStar — Wed, 19 Sep 2018 16:02:54 GMT

SLs for both Freedom/FU and Amazon/Amazon Prime can range anywhere from $500 - $20,000. It all depends on your overall profile, internal history with Chase (if applicable) and income.

Re: Chase starting limits for first chase cards

Anonymous — Wed, 19 Sep 2018 18:05:24 GMT

I don't think the Freedom has low starting limits per se. It's more that the Freedom is available as a "starter card" and so people with less strong profiles can get (with a lower SL) whereas the CSR is going to require a better profile. So if you have a strong profile, you can get a high SL even if Freedom is your first chase card

Re: Chase starting limits for first chase cards

wasCB14 — Wed, 19 Sep 2018 18:14:39 GMT

@Anonymous wrote:
I don't think the Freedom has low starting limits per se. It's more that the Freedom is available as a "starter card" and so people with less strong profiles can get (with a lower SL) whereas the CSR is going to require a better profile. So if you have a strong profile, you can get a high SL even if Freedom is your first chase card

It requires a better profile...and appeals disproportionately to frequent travelers (who tend to have the discretionary income that can fuel CLs).

Re: Chase starting limits for first chase cards

VLGaffEsq — Wed, 19 Sep 2018 20:59:55 GMT

I can tell you I have had my Chase Freedom Unlimited Visa card for @ 8 months now (with NO prior relationship with Chase), with a SL of $4,500. Just last month, they raised my limit to $6,500 without me even asking. I believe my FICO score was @ 763 when I originally applied. I am very happy with my Chase Freedom Unlimited card. I hope that information helps.

Re: Chase starting limits for first chase cards

K-in-Boston — Wed, 19 Sep 2018 22:30:12 GMT

I got mine in 2007 with a starting line of $3,000. Scores were 690-710 from 2007-2016 due to utilization. I have never had a CLI from Chase. The last time I asked for one on my Freedom card was 31/12/2016 and it was denied, even on later recon. Minutes after the denial I was approved for a CSP with a starting line of $12,000 which is a common occurrence with Chase. My scores were 730s at the time and my reports have always been clean. Due to combining the limit with an old Chase card that became a Slate, my Freedom is at $5,000. Considering the most you can spend in 3 months to get 5x URs is only $1500 I find that limit perfectly acceptable and have not since asked Chase for a CLI.

Re: Chase starting limits for first chase cards

Anonymous — Wed, 19 Sep 2018 22:45:21 GMT

@FinStar wrote:
SLs for both Freedom/FU and Amazon/Amazon Prime can range anywhere from $500 - $20,000. It all depends on your overall profile, internal history with Chase (if applicable) and income.

In 2004, I got a $25K starting limit on Chase Amazon...

Re: Chase starting limits for first chase cards

Bees18 — Wed, 19 Sep 2018 23:05:44 GMT

So I have a question..I was reading another post where someone was denied by chase because their oldest card was a store card and chase didn't count it.

my husbands profile is as follows:

oldest card is les swab (store card) 12.5 yrs

two closed accounts at 9.5 years

2 bank cards opened in May 2018

1 bank card opened in August

Im affraid they would see this as only having history since May? Do they count the closed cards from 9.5 years ago?

Re: Chase starting limits for first chase cards

pinkandgrey — Thu, 20 Sep 2018 01:29:18 GMT

My first Chase card was the Freedom Unlimited. I had very little credit history and fairly low income and I got an SL of $2500.

Re: Chase starting limits for first chase cards

Anonymous — Thu, 20 Sep 2018 05:33:39 GMT

I got 24k with a score around 700. Wife got 27k with a score around 800.

Re: Chase starting limits for first chase cards

Anonymous — Thu, 20 Sep 2018 05:43:29 GMT

Had very little credit history also but 720 score and SL on CFU @ $2,500. Auto CLI to $4,500 after 4 months. It has since been closed because of my App Spree lol.

Re: Chase starting limits for first chase cards

Bees18 — Thu, 20 Sep 2018 07:30:57 GMT

@khmer07

did they close the card on you? How many new cards did you get at the same time that worried them?

Re: Chase starting limits for first chase cards

Anonymous — Thu, 20 Sep 2018 07:53:35 GMT

Yes they closed down the account. Discover It and Paypal 2% showed up on my reports a while after with a bunch of new inquiries. So I've had it for only about 5-6months before it was closed.

Re: Chase starting limits for first chase cards

Bees18 — Thu, 20 Sep 2018 07:54:37 GMT

Anyone know the limit of cards you can apply for at the same time where chase would cut you off like that...like a certain amount of cards in x amount of time after getting a chase card!

Re: Chase starting limits for first chase cards

Anonymous — Thu, 20 Sep 2018 08:11:12 GMT

If you value your Chase accounts, I wouldn't apply for anything until maybe after 6 months of approval. And even then maybe only 1 account lol. If your profile is thicker you might get away with it though.

Re: Chase starting limits for first chase cards

Anonymous — Thu, 20 Sep 2018 14:18:40 GMT

My first Chase was the IHG and it started at $15,400. 30 days later I got the Ritz at $18,100. I think the score they showed for me was 736 at the time.