topic Re: Slate Card - Such a small Credit limit in Credit Cards

Slate Card - Such a small Credit limit

Anonymous — Fri, 05 Jul 2013 20:36:43 GMT

So, I applied for a chase slate card for the balance transfer offer they have. I got an instant approval but they only gave me 500 dollar credit limit. Haaaaaaaaa.

My current cards:

Citi : 1500/1600 <- Account that I wanted to transfer

Discover: 1100/1500 <- Paying off next week, and not being reported to credit score yet.

Chase Amazon: 0/500

Barclay: 1000/2000 <- account I wanted to transfer - paying off half next week

cap: 0/750

Reason for some high utilization is because of summer school cost. So in total I wanted to transfer around 2000 dollars : /. I earn around 18000 a year.

Re: Slate Card - Such a small Credit limit

Anonymous — Fri, 05 Jul 2013 21:05:04 GMT

@Anonymous wrote:
So, I applied for a chase slate card for the balance transfer offer they have. I got an instant approval but they only gave me 500 dollar credit limit. Haaaaaaaaa.

My current cards:

Citi : 1500/1600 <- Account that I wanted to transfer
Discover: 1100/1500 <- Paying off next week, and not being reported to credit score yet.
Chase Amazon: 0/500
Barclay: 1000/2000 <- account I wanted to transfer - paying off half next week
cap: 0/750

Reason for some high utilization is because of summer school cost. So in total I wanted to transfer around 2000 dollars : /. I earn around 18000 a year.

Call & recon for a CLI. Explain that you want to BT over $1500 to the Slate card.

Re: Slate Card - Such a small Credit limit

Anonymous — Fri, 05 Jul 2013 21:46:00 GMT

I apped for the Slate expecting a small limit. You can IMO move your Amazon credit line over to the Slate OR app for Sapphire/Freedom and move some of that CL to Slate.

Re: Slate Card - Such a small Credit limit

Anonymous — Fri, 05 Jul 2013 22:27:49 GMT

Yea I was wondering if that was possible - moving credit limits. And for the recon thing, it didn' t work they told me to call back in 5 months - similar to my amazon card but I never did called back.

Re: Slate Card - Such a small Credit limit

Anonymous — Fri, 05 Jul 2013 22:34:48 GMT

Definitely.

I apped for Chase Sapphire and got 6K instant. Apped for slate and got 7-10 day denial. Called back door and asked for recon. Gentleman said he could open an account using my current lines of credit. He let me choose how much also.

Re: Slate Card - Such a small Credit limit

Anonymous — Fri, 05 Jul 2013 22:37:45 GMT

So how do I approach this. Do I just call and ask if for a recon or do I ask for them to merge the accounts together

Re: Slate Card - Such a small Credit limit

Anonymous — Fri, 05 Jul 2013 22:39:07 GMT

@Anonymous wrote:
Yea I was wondering if that was possible - moving credit limits. And for the recon thing, it didn' t work they told me to call back in 5 months - similar to my amazon card but I never did called back.

Call and get a CLI on amazon card and move that over to slate card.

Re: Slate Card - Such a small Credit limit

Anonymous — Fri, 05 Jul 2013 22:44:12 GMT

OK does chase do hard pulls for credit limits

Re: Slate Card - Such a small Credit limit

Anonymous — Fri, 05 Jul 2013 22:47:22 GMT

Yes. HP for CLI

Re: Slate Card - Such a small Credit limit

Anonymous — Fri, 05 Jul 2013 22:50:17 GMT

I was hoping for not a hard pull : /

Re: Slate Card - Such a small Credit limit

E150GT — Fri, 05 Jul 2013 23:53:03 GMT

not only just a hard pull but a double hard pull. They pulled both EX and TU for my app and again for a CLI.

Re: Slate Card - Such a small Credit limit

maiden_girl — Sat, 06 Jul 2013 00:04:06 GMT

I think Chase only allows for two cards per customer...or so I've heard. Anyone else have more than two cards with Chase? You could be maxed out with your CLs with Chase. You have two cards with them at $500. How old is your Chase Amazon? If its already past the 6 month mark...no negatives reporting, I'd ask for a CLI. Expect a HP. They like to pull Experian.

Re: Slate Card - Such a small Credit limit

oscar_actuary — Sat, 06 Jul 2013 00:32:45 GMT

@maiden_girl wrote:
I think Chase only allows for two cards per customer...or so I've heard. Anyone else have more than two cards with Chase? You could be maxed out with your CLs with Chase. You have two cards with them at $500. How old is your Chase Amazon? If its already past the 6 month mark...no negatives reporting, I'd ask for a CLI. Expect a HP. They like to pull Experian.

I have 3 Chase cards.

Re: Slate Card - Such a small Credit limit

scenery_guy — Sat, 06 Jul 2013 01:06:02 GMT

@maiden_girl wrote:
I think Chase only allows for two cards per customer...or so I've heard. Anyone else have more than two cards with Chase? You could be maxed out with your CLs with Chase. You have two cards with them at $500. How old is your Chase Amazon? If its already past the 6 month mark...no negatives reporting, I'd ask for a CLI. Expect a HP. They like to pull Experian.

I have 5 cards with Chase. At one point I had 7 but I closed the low two (including a Slate with a $1500 limit). There is more of a maximum total CL across all cards than a number of cards in particular. Yes they will horse trade limits around but I have not had to do this yet.

Perhaps the OP has a thin file. Give it time. I am not seeing any generous credit lines in the first post. Chase seems to like to jump on the bandwagon not lead it from the start.

Naro wait a while. Make a transfer to the Slate but make regular payments to reduce it on a timely basis. Do not transfer and forget about it for 6 months, that's not responsible behavior. Chase will like positive actions and should reward you with an increase in 6 months or a year. Be prepared for a HP or so but don't sweat those, HP can always be explained away if needed. Keep notes in a file and in the future if you get declined for too many HP you have record as to when/why and most of the time if the rest of your credit profile looks solid that will overlook a few HP with good reasons. Yes, requesting and being granted a CLI is a good forgivable reason.

Re: Slate Card - Such a small Credit limit

Anonymous — Sat, 06 Jul 2013 01:18:43 GMT

I hope not only 2 I want the Southwest Airlines card and I have Chase Disney and Chase Freedom

Re: Slate Card - Such a small Credit limit

Anonymous — Sat, 06 Jul 2013 01:56:36 GMT

thanks for the info! But I don't understand the fact that they promote the card for balance transfers and then they give out small amounts of credit. Generally people that want to balance transfer have a few cards with a bit of use to them.