Chase Consolidation - Too Much?

[Jansroom726]

Hello everyone.

Over the course of a few years, I obtained the following chase cards:

Freedom (2013) - Now Closed

United (06/2014) - Limit $11k

CSP (11/2014) - Limit $15k

Ritz (2/2015) - Limit $16k

About 5 months ago I transferred about 5k of my United limit over to my CSP. I am now contemplating cancelling my United card altogether (No use for it any longer) and wanted to know if there is any threshold for making a card have too large of a limit with Chase.?

I'm thinking of splitting the 11k line to make both my CSP and Ritz 21k limit cards. Is that too much for someone who only spends around $600/month on the card? I dont want to raise any flags with them.

Thank you for your input.

[OmarGB9]

Don't think so. Chase is more concerned with overall exposure; doesn't matter how it's distributed between cards, IMO.

[Anonymous]

Is it just me, or does OP have an unusual amount of available credit from Chase, relative to income? Most people seem to hit a wall around 50% or 75%.

Has Chase been known to take AA upon manual review for this?

[Imperfectfuture]

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@Anonymous wrote:

Is it just me, or does OP have an unusual amount of available credit from Chase, relative to income? Most people seem to hit a wall around 50% or 75%.

Has Chase been known to take AA upon manual review for this?

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Any requests to move limits and close cards goes under manual reviews with lenders.  Personally, I would get another freedom, and move some limit there.

[core]

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@Anonymous wrote:

Is it just me, or does OP have an unusual amount of available credit from Chase, relative to income?

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That is precisely what I was thinking.  It only matters when the OP wants another card.  Yes, they will likely be glad to move limits for another card.  But I personally would not want to receive a denial and then have to call in to recon and move limits.  Then you are at their mercy, and the mood of the person on the phone.  Instant approvals I like better.

[Imperfectfuture]

They just posted in the other thread amex and chase give out over 100% limit to income, I, however, have not yet become worthy.

[takeshi74]

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@Jansroom726 wrote:

About 5 months ago I transferred about 5k of my United limit over to my CSP. I am now contemplating cancelling my United card altogether (No use for it any longer) and wanted to know if there is any threshold for making a card have too large of a limit with Chase.?

I'm thinking of splitting the 11k line to make both my CSP and Ritz 21k limit cards. Is that too much for someone who only spends around $600/month on the card? I dont want to raise any flags with them. 

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You're worrying over things that aren't necessarily important in both cases.  Your entire credit profile and your income determine the limits that you qualify for and what is considered "too much".  It is not just a matter of spend of going over $X limit.

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@Anonymous wrote:

Is it just me, or does OP have an unusual amount of available credit from Chase, relative to income? Most people seem to hit a wall around 50% or 75%.

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It does seem high but you can't rely on "most people" -- which is really "most users of credit discussion forum sites" and not "most consumers in general".  One's specific credit profile is what matters.

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@core wrote:

But I personally would not want to receive a denial and then have to call in to recon and move limits. 

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No big deal in my experience.  I don't recall if it really was a denial or not but if hitting the internal limit is the issue one can certainly reallocate.

[Jansroom726]

Thank you all for the input.

My income is about 45k, but on applications I put my combined income with my SO, which is 85k.

I should also add that I have many banking products with Chase (Checking, Savings, Joint Checking, Auto Loan, and Money Market accounts). This may play into things... who knows.

I am not looking to add any more Chase cards, simply consolidate..

I think some of the above posts are correct - it is more about my whole credit profile.

I don't think I'll worry about it too much. Rather, just combine and nurture what I do have - as I have been doing.

[ojefferyo]

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@Jansroom726 wrote:

Thank you all for the input.

My income is about 45k, but on applications I put my combined income with my SO, which is 85k.

I should also add that I have many banking products with Chase (Checking, Savings, Joint Checking, Auto Loan, and Money Market accounts). This may play into things... who knows.

I am not looking to add any more Chase cards, simply consolidate..

I think some of the above posts are correct - it is more about my whole credit profile.

I don't think I'll worry about it too much. Rather, just combine and nurture what I do have - as I have been doing.

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I would combine away, if they felt uncomfortable they wouldn't have given you the amounts they have. You will still have the same amount of exposure regardless of how many cards you combine them to. 

[Kb109]

My Freedom has a $38,000 limit via CL consolidation so I think you're fine lol