Chase Partner Cards

[Anonymous]

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@CreditCuriousity wrote:

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@bobbay wrote:

b-rad,

The funny thing about patterns...if you look for them you can usually find them.  Even if they are not there.

Believe me i find them everywhere.  Lol

I have read comments from finstar that it is more driven by what risk capital and profile the partner wants to use and with chase it is their own capital at risk and this plays a greater role along with your internal score.  Hope that helps fwiw

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Is the partner actually taking the loss if someone defaults or Chase?  Always wondered this.

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Chase or JP Morgan are the issuing bank, and consequently the ones who take the risk.

The partner has no bearing on it other than offering the rewards bonus and or rewards program.

[Anonymous]

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@CreditCuriousity wrote:

Seeme like each card you get approved for by them you get a higher limit... only have two but holds true for me and for most other posts I have read... Ritz was Nixon's last and he got his higest limit.. Granted he had a freedom in middle of the mex with his lowest? limit..  Most part as Chase sees a bit of history maybe they give out higher and higher limits?

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Freedom was a strange bird indeed.

I expected to get the min CL of 5K with the Ritz-Carlton, but instead got 9K, which I promptly moved 4K of over to my Freedom.

[CreditCuriosity]

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@Anonymous wrote:

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@CreditCuriousity wrote:

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@bobbay wrote:

b-rad,

The funny thing about patterns...if you look for them you can usually find them.  Even if they are not there.

Believe me i find them everywhere.  Lol

I have read comments from finstar that it is more driven by what risk capital and profile the partner wants to use and with chase it is their own capital at risk and this plays a greater role along with your internal score.  Hope that helps fwiw

---

Is the partner actually taking the loss if someone defaults or Chase?  Always wondered this.

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Chase or JP Morgan are the issuing bank, and consequently the ones who take the risk.

The partner has no bearing on it other than offering the rewards bonus and or rewards program.

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What I thought, just posts recently that i've read that seems to indicate the partners bears some of or all of the burdon, didn't think that was the case.  Not just referring to Chase but Commedity cards, etc.

[bobbay]

From the occ (office of Controller of Currency)credit card lending handbook

a bank should review carefully the financial condition of its retail partner. For example, a retailer that wants to maximize the number of cards in circulation may ask the bank to lower its credit standards. If the bank agrees, it should ensure that the retailer is liable for ensuing losses and that it has the financial capacity to meet this liability.

[Anonymous]

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@bobbay wrote:

From the occ credit card handbook

a bank should review carefully the financial condition of its retail partner. For example, a retailer that wants to maximize the number of cards in circulation may ask the bank to lower its credit standards. If the bank agrees, it should ensure that the retailer is liable for ensuing losses and that it has the financial capacity to meet this liability.

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Comenity, GE/Synch.

[CreditCuriosity]

So ya could happen, probably not chase