They should be able to transfer some of the limit from the magnet over. You can also request an increase after 61 days usually 3x your original CL. Congrats!
But I believe they will NOT be able to do a transfer, here is why, the card that will be giving UP the limit ( Magnet ) has to be at least 13 months old before if can transfer any of its limit to any other cards.
Data Points from Doctor of Credit
Well, your cs probably did not allow them to give you more than 1k for now. Try to check your credit score and figure out if you missed a payment and some other aspects. I would not cancel the card tho, I would take advanatge of the priority pass first!
I was approved with a measly 1K.
I have a Cash Magnet with a 4K limit, and in the past 4 months I've run 7K through the card and it has a 0 balance. Last month I book 4 trips, which I've paid in full but my utilization spiked to 25% and my score, which was 706 came down to 682.
I applied for the card because the trips are abroad and I wanted a no foreign transaction fee card since the Cash Magnet has a 2.7%.
1K is of no use to me. Once I get the card I'll call customer service to have credit from the Magnet transferred to the Ascend, is such thing is possible or a credit increase. Is neither is possible I'll most likely just cancel the card.
The bad thing about those $1k limits is it makes it extremely difficult to make the spending bonus most of the time.
Super Congrats on your Hilton Ascend approval!
+1 on the 3x CLI after 61 days strategy. I'd advise you not to be
so quick to short change yourself. It's not about a "measly 1k."
It's about growing the card over time. So as long as you garden
all of your tradelines properly over the next 2 months + 1 day
and keep your overall utilization at < 8.9%, you should be good to go.
In addition, you can go after another 3x CLI after 181 days provided
you care and feed all accounts properly. So if all goes well, that 1k
Ascend limit will suddenly become 9k.
Congrats again on your success. We appreciate you sharing!
Congratulations on your approval!
Congrats on the approval.
As others have said, you probably won't be able to transfer the credit line for a bit.
But for now, take advantage of the Priority Pass Select and Permanent HH Gold status.
After 61 days you can apply for a 3x CLI, and 181 days from that (if you were approved that is), you can apply for another 3x CLI.
Look at it long term instead of short term.
I have scores in 740-750s, 170k income, 1% util and 3 years with an AMEX Gold card and they still only gave me $1k with the Ascend. AMEX is just absurdly cautious with new credit cards it seems, even if you have a charge card history with $60k spend each year. *shrug*