Recent Chase Amazon Prime card CLI's

[kvnbrk]

Saw this post and just had to go check mine.  I have had the card 3-4 years, always been it 8500. I think the most I ever had it up to was last month, about 700 and I paid that the other day. When I just checked, my credit line is now 20,000. Not sure what I will ever do with that at Amazon.

[FormerCollegeDJ]

I have the non-Prime version of the card (Chase Amazon Rewards Visa) and I received a credit limit increase from $7000 to $11,000 in the last couple of days.

[Rudy1]

I don't have the card my husband does and he got a huge increase he has been a Chase customer forever and got an increase from $8300 to $35,000! He said to me maybe i'll just buy the whole whole foods store! He has a freedom no increase on that at least not yet.

[KatSoDak]

Maybe one of the Synchrony underwriters was recently hired by Chase. These auto CLIs are crazy.

[RootDet]

Checked mine. $15k when i opened it many years ago. $15k still today. So no movement here. But i have extremely high credit lines else wheres and i think i have too much exposure in chase's eyes

[Rudy1]

@KatSoDak I can confirm this synchrony was losing too many accounts so the sync underwriters went to Chase. Really though what is up with these increases my husband uses the card a ton. Though when he got an increase to $35,000 I was just dumbfounded.

[Curious_George2]

The reports of huge auto CLIs on Chase Amazon cards continue to roll in. There's clearly something going on and it's hard to imagine it's not related to the status of the agreement between Chase and Amazon.

Has anyone seen a good explanation of what this significant swelling of the bank's total exposure does to the market value of the product line? (Is that what it's called? "Account" sounds too small. "Portfolio" sounds too varied.) 

I could see Amazon liking this because it makes the product line look bigger and healthier (aggregate util across all cardholder accounts is lower than it was before). So if someone other than Chase buys it, they would pay more for it. Amazon wins! 

Except surely the potential buyers are savvy enough to notice that the total exposure just shot up recently, so the utilization number doesn't reflect an established reality yet. They won't pay extra for a mirage, will they?

Or does Chase somehow benefit? For example, since the product is now bigger, presumably there are fewer FI's with the resources to buy it, and less competition improves Chase's leverage in the re-negotiation of terms. Except if that's true, Amazon would surely see what's happening and the effect it has, and would not react positively to such shenanigans. 

Is there some way they both benefit?

Is there anyone who understands what's motivating this sea-change?

[coldfusion]

The driving force behind the potential split that is being reported is that the portfolio is not sufficiently profitable to Chase.  FWIW that's also true for the CSR portfolio but that card caters to a more affluent demographic so Chase would likely have a higher tolerance of that portfolio not directly meeting their profit goals as it presents them more opportunities to market their other services. 

My guess is that they expect with targeted CLIs to cardholders with solid profiles there will be an increase in usage meaning an increase in receivables meaning an increased valuation of the portfolio meaning a higher selling price.

[staticvoidmain]

I just got another one.

I was sitting on 9K for years, then out of nowhere,  they increased it to 14K a couple of weeks ago (7/15).

I wanted to ask here because it was very odd.

They increased it again to 22K yesterday (8/5). Not even a month passed.

Naturally, I got really curious and wanted to see if this was a trend right now. It looks like it is.

[Grizzly1]

What happens if Chase down the road does decide to pull the plug with the card and Amazon goes elsewhere? I don't have that card (or any Chase products) but it is one of the cards I wanted to app for once my youngest card turned 2 years old (next month). I'm hesitant to get the card only to possibly lose it later.