CHASE - Moving limits ??

[Anonymous]

Ok, something that makes zero sense to me with CHASE -- so I was approved for the RITZ Card about 4 months ago with $5,000 line -- a month or so later was approved for AMAZON Card.  Now, because I use my RITZ Card wayyy more, I wanted to reallocate a good % oif my AMAZON card ot RITZ..   Called the JP Exec Customer Service line which services all "luxury" cards, and was told Lending needed to look at the approval for the line reallocation.  Why?!  The bank is not changing their exposure at all -- not one bit, I'm not getting anty extra credit extended so why in the world would lending need to look at anything?  Every other lender Ive done this with is easy as pie!

I of course, hung up immediately as I dislike CHASE lending especially, as they often act like interrogation specialists (yes, I understand that is in a way, their job -- but some are super abrasive in their delivery!) comapred to other lenders I've dealt with.  I love CHASE cards, however. . and did have a great experience with a Sr Lending Rep 2 months ago after an issue. Guess I wont be reallocating for now, but anyone with any REAL insight as to why lending has to review these requests, i'm all ears!  :-)   As a side note, I typically always PIF my RITZ card or make very large payments (as noted by the supervisor in JP MORGAN Customer Care, who waived my interest this month!).. Scores all above 680, FICO 8

[Anonymous]

Just send a SM saying transfer x amount from account ending in xxxx to account ending in xxxx and it'll be done within hours

[Anonymous]

I have talked to lending a couple times in reagards to transfers. Sometimes the CSR needs to have lending get involved. I have never had any issues even when moving $19k from one card to another.

[Anonymous]

If anyone could just do this without an account review, you'd have all kinds of people transferring limits around, and Chase partners (Amazon, Hyatt, and others) would get super mad.

Different cards also have different underwriting criteria. Chasee approved you for "x" limit on Ritz, which is a brand new card for you. They did not approve your Ritz for "y" limit. You're trying to write your own limits as a brand new Chase customer.

There isn't any reason to feel entitled about it. A number of lenders either do not allow it, require a HP for it, and have different requirements such as a manual review or having 13 months with the account.

Credit is a privilege, not a right.

Chase has its rules (they will conduct a review), and Chase clearly stated them to you. You can either comply with their requirements, or choose not to do so.

[Anonymous]

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@Anonymous wrote:

Ok, something that makes zero sense to me with CHASE -- so I was approved for the RITZ Card about 4 months ago with $5,000 line -- a month or so later was approved for AMAZON Card.  Now, because I use my RITZ Card wayyy more, I wanted to reallocate a good % oif my AMAZON card ot RITZ..   Called the JP Exec Customer Service line which services all "luxury" cards, and was told Lending needed to look at the approval for the line reallocation.  Why?!  The bank is not changing their exposure at all -- not one bit, I'm not getting anty extra credit extended so why in the world would lending need to look at anything?  Every other lender Ive done this with is easy as pie!

I of course, hung up immediately as I dislike CHASE lending especially, as they often act like interrogation specialists (yes, I understand that is in a way, their job -- but some are super abrasive in their delivery!) comapred to other lenders I've dealt with.  I love CHASE cards, however. . and did have a great experience with a Sr Lending Rep 2 months ago after an issue. Guess I wont be reallocating for now, but anyone with any REAL insight as to why lending has to review these requests, i'm all ears!  :-)   As a side note, I typically always PIF my RITZ card or make very large payments (as noted by the supervisor in JP MORGAN Customer Care, who waived my interest this month!).. Scores all above 680, FICO 8

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How long is your history with Chase?  I ask because I did multiple CL moves and closed cards and it was done so over the phone in less than 2 minutes, zero hesitation.  The first CL move I did was a portion of my Ritz to my Marriott and they did so without hesitation or even a question.

EDIT:  OP, I would bet the consensus will be that you have not had enough time with Chase, thus why they transfered to lending.

[kdm31091]

OP, you seem to come off rather entitled. You immediately "dislike" any lender who does not do exactly what you want, when you want, at the snap of a finger. I think it would serve you well to dial down your expectations a little bit.

Second, why are you calling the JP executive line for something as simple as moving limits? No-frills CSRs can accomplish this (or else transfer you to lending just as from calling the exec line). Calling the exec line may make one feel special, but calling it for basic requests is why things get shut off from easy access.

Regarding the actual "issue" here, moving limits is not a definite right 100% of the time. It could just be that with your multiple new accounts, and issue with the Ritz about a month ago with the cash advance, etc, Chase is just tightening the reigns on you for now. I'd lay low for awhile, stop seeking credit, stop trying to move limits which results in a review...just chill out. Let your reports recover.

[Anonymous]

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@Anonymous wrote:

If anyone could just do this without an account review, you'd have all kinds of people transferring limits around, and Chase partners (Amazon, Hyatt, and others) would get super mad.

Different cards also have different underwriting criteria. Chasee approved you for "x" limit on Ritz, which is a brand new card for you. They did not approve your Ritz for "y" limit. You're trying to write your own limits as a brand new Chase customer.

There isn't any reason to feel entitled about it. A number of lenders either do not allow it, require a HP for it, and have different requirements such as a manual review or having 13 months with the account.

Credit is a privilege, not a right.

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I understand the words the OP used but after reading it a couple times I don't see it as entitled.  I mean, figure it this way.  OP has been here as a resitered user since 1-11-15 which means OP has seen many threads of posters noting how they easily moved Chase CL's around, so I can see that setting a tone of expectations that it would be an easy phone call with a CSR. 

Is Chase changing perhaps? We all know about 5/24 so they certainly are tightening the risk factor for sure.  Yes, it makes no sense in the scheme of overall exposure, but then again that would only be a line item of a dissertation of what we see the CC companies do that make us scratch our heads.

[Anonymous]

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@Anonymous wrote:

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I understand the words the OP used but after reading it a couple times I don't see it as entitled.  I mean, figure it this way.  OP has been here as a resitered user since 1-11-15 which means OP has seen many threads of posters noting how they easily moved Chase CL's around, so I can see that setting a tone of expectations that it would be an easy phone call with a CSR. 

Is Chase changing perhaps? We all know about 5/24 so they certainly are tightening the risk factor for sure.  Yes, it makes no sense in the scheme of overall exposure, but then again that would only be a line item of a dissertation of what we see the CC companies do that make us scratch our heads.

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There isn't any reason to act as if it is a guarantee or an automatic expectation. Nothing in the credit world is. OP is a brand new Chase customer and it's not realistic to act as if this should be a right (not a privilege).

[Anonymous]

You have had the Ritz card for 4 months, had it froze after 3 months because of a cash advance and now a month later you try to increase its limit by taking it from a card that you have had 3 months.  I would be shocked if Chase didn't send it to lending.  Just a suggestion but if you keep doing things like this, being referred to lending may be the least of your worries with Chase.

[Anonymous]

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@Anonymous wrote:

You have had the Ritz card for 4 months, had it froze after 3 months because of a cash advance and now a month later you try to increase its limit by taking it from a card that you have had 3 months.  I would be shocked if Chase didn't send it to lending. Just a suggestion but if you keep doing things like this, being referred to lending may be the least of your worries with Chase.

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