topic Re: Is Chase bad with credit limits and increases? in Credit Cards

Is Chase bad with credit limits and increases?

itsxluigi — Sun, 22 Jun 2014 21:52:42 GMT

Here's a quick breakdown of my current credit cards....

Capital One Platinum - Started: $500 - Current: $2000 (7 years old)

Chase Amazon VISA - Started: $1000 - still $1000 (about 3 years old)

AmEx Blue Cash - Started: $2000 - Current: $6000 (5ish months old)

Discover IT - Started: $4800 - still $4800 (about 2 weeks after the AmEx, just for the FICO)

My routine is use the AmEx for everything, and use the Amazon Visa for everywhere AmEx isn't accepted. I want to start just using one card, so I figured I'd check out the Chase Freedom. I applied for it, and got approved at a $500 limit O.o. Is this something I can expect out of Chase? Horrible limits? No increases like the Chase Amazon? I was hoping the Amazon one was just because it's not one of the big Chase cards. Is it even worth it to use the Freedom? Or just stick with my current routine.

Re: Is Chase bad with credit limits and increases?

mongstradamus — Sun, 22 Jun 2014 21:54:33 GMT

I wouldn't say i have had best luck with my freedom cli, I was able to get an auto sp cli back in january. I opened card in september wasn't an huge cli but was an auto sp one , so i was surprised.

Re: Is Chase bad with credit limits and increases?

itsxluigi — Sun, 22 Jun 2014 22:16:02 GMT

@mongstradamus wrote:
I wouldn't say i have had best luck with my freedom cli, I was able to get an auto sp cli back in january. I opened card in september wasn't an huge cli but was an auto sp one , so i was surprised.

I'm reading some older threads, and threads on other sites right now. Most people are saying $300 increases every once in a while, and not that often. By the time I reach even what I STARTED AT with my Discover, it'll be years. I want to use just one card, make my wallet a little lighter, have less statements to reconcile, but I just can't see it being worth it. Not with this card. With the usage I put on my cards, I'll have to make 5-6 payments a month, when I can just make 1 with my AmEx.

Re: Is Chase bad with credit limits and increases?

Closingracer99 — Sun, 22 Jun 2014 22:16:13 GMT

Maybe Chase don't like you lol. I have the amazon Visa at $500 and just got accepted for the Freedom with a $3500 limit

Re: Is Chase bad with credit limits and increases?

Anonymous — Sun, 22 Jun 2014 22:20:44 GMT

Chase rarely gives auto-CLIs, and nearly all CLI you request result in a HP. Those who do get autos are those that start with a low CL (so if you start with $500, you might get some up to some figure, if you start with $5K, much less likely)

What people have found, which goes against your wish for a lighter wallet, is it is better to apply for another Chase card (and maybe transferl CL) than attempt to get CLIs.

Re: Is Chase bad with credit limits and increases?

B335is — Sun, 22 Jun 2014 22:22:23 GMT

Chase doesn't seem to be over generous with Amazon and Freedom limits. CSP, Hyatt, Marriott, UA Club are some they seem more generous with. As for CLI, you have to really use your limit before they hand out more credit.

Re: Is Chase bad with credit limits and increases?

Anonymous — Sun, 22 Jun 2014 22:26:28 GMT

@B335is wrote:
Chase doesn't seem to be over generous with Amazon and Freedom limits. CSP, Hyatt, Marriott, UA Club are some they seem more generous with. As for CLI, you have to really use your limit before they hand out more credit.

At least the CSP has a higher level of UW, so the higher limits might be part of that. Also, as with most things credit, YMMV, my first Chase card was Chase Amazon, and they gave me $25K (back in 2004) which was my 2nd highest limit.

Re: Is Chase bad with credit limits and increases?

Closingracer99 — Sun, 22 Jun 2014 22:28:57 GMT

@B335is wrote:
Chase doesn't seem to be over generous with Amazon and Freedom limits. CSP, Hyatt, Marriott, UA Club are some they seem more generous with. As for CLI, you have to really use your limit before they hand out more credit.

Then I guess no CLI for me in the near future lol. Don't have $3500 to go spend freely every month to just make me use my Credit with them lol

Re: Is Chase bad with credit limits and increases?

B335is — Sun, 22 Jun 2014 22:29:10 GMT

@Anonymous wrote:
@B335is wrote:
Chase doesn't seem to be over generous with Amazon and Freedom limits. CSP, Hyatt, Marriott, UA Club are some they seem more generous with. As for CLI, you have to really use your limit before they hand out more credit.
At least the CSP has a higher level of UW, so the higher limits might be part of that. Also, as with most things credit, YMMV, my first Chase card was Chase Amazon, and they gave me $25K (back in 2004) which was my 2nd highest limit.

That's got to be the highest Amazon limit I've seen. Mine has been stuck at $3k for years regardless of the usage. I agree with your previous post about applying for a new card to achieve better results with them.

Re: Is Chase bad with credit limits and increases?

Anonymous — Sun, 22 Jun 2014 22:32:34 GMT

@B335is wrote:
@Anonymous wrote:
@B335is wrote:
Chase doesn't seem to be over generous with Amazon and Freedom limits. CSP, Hyatt, Marriott, UA Club are some they seem more generous with. As for CLI, you have to really use your limit before they hand out more credit.
At least the CSP has a higher level of UW, so the higher limits might be part of that. Also, as with most things credit, YMMV, my first Chase card was Chase Amazon, and they gave me $25K (back in 2004) which was my 2nd highest limit.
That's got to be the highest Amazon limit I've seen. Mine has been stuck at $3k for years regardless of the usage. I agree with your previous post about applying for a new card to achieve better results with them.

Pre-crash, when things were easier!

Re: Is Chase bad with credit limits and increases?

coldnmn — Sun, 22 Jun 2014 22:35:52 GMT

@Closingracer99 wrote:
Maybe Chase don't like you lol. I have the amazon Visa at $500 and just got accepted for the Freedom with a $3500 limit

Chase seems to hate giving CLI. But has no problem giving much better CLs on second and third cards. Doesn't make sense to me but seems to be sadly true.

Re: Is Chase bad with credit limits and increases?

budwiser — Sun, 22 Jun 2014 23:31:03 GMT

I called the executive office to try to get my APR lowered. She said I had no offers at this time. I asked what that meant. She told me they SP every 6 months to check how you are doing. So I think that would be it for auto CLI as well.

Re: Is Chase bad with credit limits and increases?

mikelo22 — Sun, 22 Jun 2014 23:56:26 GMT

I got my Chase Freedom about 11 months ago with a $1,200 CL. After 6 months, I got an auto CLI to $2,200. So I'm pretty pleased so far. It's very much YMMV.

Re: Is Chase bad with credit limits and increases?

E150GT — Mon, 23 Jun 2014 00:06:05 GMT

If you can afford the HP, Id call em and ask for a CLI. Thats what I did. My freedom was at $500 for over a year and I called and asked em for a $5700 limit to match my CSP. They did. They also auto increased my CSP after a few months from $5700 to $8700. Not sure why but I'll take it.

Re: Is Chase bad with credit limits and increases?

bigblue7722 — Mon, 23 Jun 2014 00:09:12 GMT

I would take a HP for another chase card. take the sign up bonus and trasnfer the limit after you get the bonus.

Re: Is Chase bad with credit limits and increases?

takeshi74 — Mon, 23 Jun 2014 00:14:14 GMT

@issues636 wrote:
Is Chase bad with credit limits and increases?

Really depends on one's credit. First two Chase cards I applied for last year were both approved with $25K limits each. I have never received a CLI from Chase but I know I hit my internal limit with them. My wife, however, has received 2 auto CLI's on her Chase card.

@issues636 wrote:
Is it even worth it to use the Freedom?

Your call. Would it be useful to you?

Re: Is Chase bad with credit limits and increases?

ezdoesit — Mon, 23 Jun 2014 00:22:28 GMT

I applied for both the Csp and Freedom within four days of each other with the exact 19.4k CL. I don't think I will ever get a CLI but why would I ever need any more.

Re: Is Chase bad with credit limits and increases?

Anonymous — Mon, 23 Jun 2014 00:24:24 GMT

I applied for a chase Freedom the other day. My scores are over 720. Utilization about 40%. no collections..no missed payments. No recent accounts. Income 80k.

When I applied it was not instant approved so I called backdoor for Recon. The credit analyst told me the system declined it because I had a student loan where the balance was greater than the initial balance. She reviewed my file and then only approved me for $500. I told them they can take their card and shove it. (nicely) I had higher limits when I was subprime.

At least my scores didn't budge when the inquiry hit!

Re: Is Chase bad with credit limits and increases?

Anonymous — Mon, 23 Jun 2014 01:15:19 GMT

So far my Chase experience has been very good. I applied for their Freedom in June of last year, starting out with a $5,000 limit. At around the 9 month mark I received an auto increase to $7,500. No email notification or anything, I just logged on and to my surprise saw the increase.

I also have a Chase Sapphire and just recently asked for a credit limit increase from $5,000 to $10,000. When asked for a reason, I just said I wanted to transfer $3,000 over and didn't want to have my report show really high utilization. Took a pull on my credit, but it was definitely worth it.

Re: Is Chase bad with credit limits and increases?

Yankeefan — Mon, 23 Jun 2014 01:28:16 GMT

Chase gave me a $6k limit on my Freedom when I opened it September of 2012. They quickly gave me a $1,500 auto cli. Sometime last month Chase auto cli'ed my Freedom to $11K. The worst part is in going through my junk mail, I found an expired offer letter from Chase to request a sp cli. All I needed to do was provide updated income information and the amount of additional credit I desired.