Chase CL Decrease 20k>>>10K Lack of Use

[M_Smart007]

A little activity on cards goes a long way ...

[Anonymous]

True, which is why I set up automatic charge on teh cards i definitely want to keep. Although that doesn't mean a $15K CL is safe from a CLD by having a $100 charger every other month etc.  As the saying goes use it or lose it. Some of use may find ourselves losing unused portion of CL, especially in a time of less spending.

Which i would think lenders would also take that into account when determining AA.

[NRB525]

---

@Anonymous wrote:

Yes, I've had Chase card 20+ years. Also have Citi and Amex cards with higher limits. Don't carry any balances. Currently we use wife's Freedom card and Discover for points.

---

How about PC to Freedom Unlimited? For non-category spend it gets you 1.5 UR, better than the 1 UR of Freedom? 

I also get BT offers ( or did ) on the CFU.  

[Anonymous]

Yes, After seeing if I can maintain my orig limit I'm going to ask Chase to switch it to the Freedom Unlinmited, will compliment Wife's Freedom card and make it more likely to get used. Thanks for the advice.

[Anonymous]

---

@Anonymous wrote:

Yes, After seeing if I can maintain my orig limit I'm going to ask Chase to switch it to the Freedom Unlinmited, will compliment Wife's Freedom card and make it more likely to get used. Thanks for the advice.

---

I use my cards monthly and I like to report a high balance after I get it to maybe help keep CLDs at bay. Not sure it means a hill of beans for preventing CLDs, but so far the beans are stacking and no CLD in at least 20 years.

I PCd my CFU to CF, then later opened a new CFU. I like the CFU more than I used to now since it has extended warranty and trip interruption coverage and a rate of 1.5% cash back. Can't get those features on my DC anymore, so CFU is a good card in my opinion. 

[bourgogne]

---

@Anonymous wrote:

No, I have utilization but pay off monthly. Low usage on my Chase Slate, as I said last balance paid was in December.

---

that means you have no recorded utilization if its before the cut as you may or may not know

[Anonymous]

I called the number on the letter, the Chase rep tapped a few keys and told me I was good to go, my credit line would stay intact. He did not ask me any questions.

As to converting my Slate to a Freedom Unlimited he told me I would have to apply for the FU card first then combine. I called again to the number on the back of the card and used the magic words "product change" and no problem. The rep also confirmed my CL issue was indeed fixed.   Thanks

[Anonymous]

---

@Anonymous wrote:

I called the number on the letter, the Chase rep tapped a few keys and told me I was good to go, my credit line would stay intact. He did not ask me any questions.

As to converting my Slate to a Freedom Unlimited he told me I would have to apply for the FU card first then combine. I called again to the number on the back of the card and used the magic words "product change" and no problem. The rep also confirmed my CL issue was indeed fixed.   Thanks

---

Sounds to me as if the algorithm that reduces CLs doesn't really hit the bullseye very well, and they know it, and CSRs can fix it without asking any questions. 

[longtimelurker]

---

@Anonymous wrote:

---

@Anonymous wrote:

I called the number on the letter, the Chase rep tapped a few keys and told me I was good to go, my credit line would stay intact. He did not ask me any questions.

As to converting my Slate to a Freedom Unlimited he told me I would have to apply for the FU card first then combine. I called again to the number on the back of the card and used the magic words "product change" and no problem. The rep also confirmed my CL issue was indeed fixed.   Thanks

---

Sounds to me as if the algorithm that reduces CLs doesn't really hit the bullseye very well, and they know it, and CSRs can fix it without asking any questions. 

---

I wonder if here, and with Amex, it's not so much individual risk management as an attempt to reduce unused exposure over all.   If enough people don't call to get the lines back (and I didn't with Amex) they might get what they need, and so anyone who does call and complains can be made happy.

[Anonymous]

---

@longtimelurker wrote:

---

@Anonymous wrote:

---

@Anonymous wrote:

I called the number on the letter, the Chase rep tapped a few keys and told me I was good to go, my credit line would stay intact. He did not ask me any questions.

As to converting my Slate to a Freedom Unlimited he told me I would have to apply for the FU card first then combine. I called again to the number on the back of the card and used the magic words "product change" and no problem. The rep also confirmed my CL issue was indeed fixed.   Thanks

---

Sounds to me as if the algorithm that reduces CLs doesn't really hit the bullseye very well, and they know it, and CSRs can fix it without asking any questions. 

---

I wonder if here, and with Amex, it's not so much individual risk management as an attempt to reduce unused exposure over all.   If enough people don't call to get the lines back (and I didn't with Amex) they might get what they need, and so anyone who does call and complains can be made happy.

---

I thought that too in an earlier post a few months ago. If even 25% of the people don't notice or call to restore it, they reduced 25% of the account risks with no one caring.