Amazon Prime visa low starting limit

[drsmith]

Was approved for the Prime Visa last night with a starting credit limit of $3600. Also have a chase Freedom at 20k

Is it normal for such a low starting limit relative to my other chase card? 

Credit report has a few inquiries from buying a house. All scores over 800 with maybe 1-2% utilization. 

[Anonymous]

I'm curious on the replies.  I'm identical to you, minus any recent inquiries. 

[Anonymous]

In general, SLs are down 33% across the board due to economic conditions. It's also harder to get a card. That might be a big reason for your low SL.

[Red1Blue]

Congrats on your approval.

[Jnbmom]

I would be  happy to get the approval,  banks  are tightening up.

[simplynoir]

Think it's just a combination of the current economic climate and your Chase limits in relation to your income. Before the coronavirus there was speculation that Chase was willing to extend your total limits with them to be roughly 40-50% of your income. Now that number may have changed and combined with tougher approvals may have you seeing lower than usual SLs til the market improves

[drsmith]

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@simplynoir wrote:

Think it's just a combination of the current economic climate and your Chase limits in relation to your income. Before the coronavirus there was speculation that Chase was willing to extend your total limits with them to be roughly 40-50% of your income. Now that number may have changed and combined with tougher approvals may have you seeing lower than usual SLs til the market improves

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Interesting. But I guess it makes sense 

I was just a little taken aback since the lowest starting limit I've had in the last 10 years was $7500 with usaa. 

Thanks for the replies though 

[simplynoir]

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@drsmith wrote:

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@simplynoir wrote:

Think it's just a combination of the current economic climate and your Chase limits in relation to your income. Before the coronavirus there was speculation that Chase was willing to extend your total limits with them to be roughly 40-50% of your income. Now that number may have changed and combined with tougher approvals may have you seeing lower than usual SLs til the market improves

---

Interesting. But I guess it makes sense 

I was just a little taken aback since the lowest starting limit I've had in the last 10 years was $7500 with usaa. 

Thanks for the replies though 

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You're welcome. I really do think you have nothing to worry about. It will probably be some time where seemingly solid credit users are given low SLs or even outright denied compared to before. The fact you were able to get a Chase approval speaks to your strong profile even in this enviroment

Give your Amazon card some time & use and maybe you'll get an auto CLI from them. There is also the option of reallocating credit lines if you need a bigger limit to make the card more usable

[drsmith]

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@simplynoir wrote:

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@drsmith wrote:

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@simplynoir wrote:

Think it's just a combination of the current economic climate and your Chase limits in relation to your income. Before the coronavirus there was speculation that Chase was willing to extend your total limits with them to be roughly 40-50% of your income. Now that number may have changed and combined with tougher approvals may have you seeing lower than usual SLs til the market improves

---

Interesting. But I guess it makes sense 

I was just a little taken aback since the lowest starting limit I've had in the last 10 years was $7500 with usaa. 

Thanks for the replies though 

---

You're welcome. I really do think you have nothing to worry about. It will probably be some time where seemingly solid credit users are given low SLs or even outright denied compared to before. The fact you were able to get a Chase approval speaks to your strong profile even in this enviroment

Give your Amazon card some time & use and maybe you'll get an auto CLI from them. There is also the option of reallocating credit lines if you need a bigger limit to make the card more usable

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Oh is that something Chase is willing to do? I never run a card up past $3k or so. But I'd rather not ever feel like I'm making them out. I'd be much happier just spreading out the 24kish more evenly between the two 

[simplynoir]

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@drsmith wrote:

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@simplynoir wrote:

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@drsmith wrote:

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@simplynoir wrote:

Think it's just a combination of the current economic climate and your Chase limits in relation to your income. Before the coronavirus there was speculation that Chase was willing to extend your total limits with them to be roughly 40-50% of your income. Now that number may have changed and combined with tougher approvals may have you seeing lower than usual SLs til the market improves

---

Interesting. But I guess it makes sense 

I was just a little taken aback since the lowest starting limit I've had in the last 10 years was $7500 with usaa. 

Thanks for the replies though 

---

You're welcome. I really do think you have nothing to worry about. It will probably be some time where seemingly solid credit users are given low SLs or even outright denied compared to before. The fact you were able to get a Chase approval speaks to your strong profile even in this enviroment

Give your Amazon card some time & use and maybe you'll get an auto CLI from them. There is also the option of reallocating credit lines if you need a bigger limit to make the card more usable

---

Oh is that something Chase is willing to do? I never run a card up past $3k or so. But I'd rather not ever feel like I'm making them out. I'd be much happier just spreading out the 24kish more evenly between the two 

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Just send a secure message to Chase explaining you would like your two card limits to be split evenly. You might have to specify which card gets the leftover if you don't want each card to carry $12.3k i.e. one card $12k, other $12.6k

Edit: I can't math right now I thought your total lines were $24.6k not $23.6k lol but you get the general idea I'm sure