Chase like other lenders seems to be tightening up on unused credit. I got a letter from them recently indicating that they have decided NOT to reduce my credit line for lack of use upon further review of my account like they said the would in initial letter. The kicker is I never got an initial letter from Chase telling me that they were going to lower my credit line for lack of use in the first place. Luckily I had recently put some transactions through the card and that apparently made Chase back off, but otherwise I would not have known until they cut my line. So make sure you are putting some spend on all your chase cards. Also, I have a different chase card that has seen a significant amount of spend recently so I am not sure if maybe that is what made them back off. Still I would just make sure to give your lesser used cards a bit of love if you want to keep the credit line where it is.
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I appear to be unaffected. Are these very large unused lines that are being gutted? Other than Freedom categories, I haven't given Chase much love the past year or so and never bothered to reallocate my CFU limit back to CSR after I paid off the intro BT.
@K-in-Boston wrote:I appear to be unaffected. Are these very large unused lines that are being gutted? Other than Freedom categories, I haven't given Chase much love the past year or so and never bothered to reallocate my CFU limit back to CSR after I paid off the intro BT.
This happened on one my my non-AF ink cards. Credit line on that particular card isn't that large it is about $12k. I only use the card for specific charges so maybe run $300-$400 a month through it. I have been using other Chase cards pretty heavily though the last 2 or 3 months. It is a bit annoying because I reduced my own business limits by a substantial amount several months ago in hopes of freeing up some credit on the future apps. This is a card I have had for several years.
I wouldn't be surprised if they did that to me. I only use a fraction of the limits that they gave me (no CLIs, but I have shifted them around twice I think). I just had a ~$800 statement on my CFU, which is high for me. I'm planning on apping for a CFF after December 4th, and I am most likely going to close my CF first. I'd imagine I'm close to their internal limit anyway.
@Yasselife wrote:Can you describe the lack of use with Chase, how many months and amount before the AA?
I have spent the roughly same amount for years on the card. My behavior didn't change their analysis did. It wasn't an unused card it was just was an underutilized card. In the end they changed their mind but others may not be as lucky. The comment about amazon cards is interesting. I hear that people are getting approved for chase amazon cards and even southwest cards even though they are over 5/24. Think chase is really trying to encourage more amazon accounts and offering bigger credit lines than normal on amazon cards.