@Anonymous wrote:So about 2 months ago I applied for the Chase Slate and was denied, approved on recon for $500 SL. Yes I know they gave me a chance, hence the small SL, which I am thankfull for. The card currently has 18 months 0% but with that kind of limit, it is kind of hard to really take advantage of it without hurting my util %. I charged up $440 on the card and have already made 2 $50 payments. Yes, I could have paid it off being that it's not too much, however, what's the point of paying it off right away if you can't take advantage of the 0%?
@Anonymous this actually hurting me and my score? I did notice an alert from myfico that I was using about 80% of my chase card limit. Does this look bad in Chase's eyes? I mean, even a $200-300 charge would put me @ 40%+ util. I know they require a hard pull for a CLI and I am still new with them. What is the recommended time before applying for another Chase card to boost my chances of approval and/or a better SL on the next card? I have been banking with them for 10+ years and have never had an overdraft (if that means anything). Do you recommend I not keep a balance and pay this sucker off asap?
any insight would definitely be appreciate from those who have had experience with Chase..my scores and cards are in my sig. thank you in advance!
If you're honestly looking for a CLI from Chase, show them that you need the bigger limit. Charge the card up to ~$300 and pay it in full multiple times a month (I'm not entirely sure how much you spend). Your intro APR won't be very useful, but with your scores, Chase doesn't want you taking advantage of the intro APR (don't mean to be brutally honest, don't really know how else to phrase it). Your past seems to show a risk, they don't want you sitting on their credit for 18 months and potentially not being able to pay it off when the time comes.
IMO, be a good creditee for a year or two. I know it's difficult to be patient, but once your scores rise, you'll be looking at approvals in the $5-10k range and you'll be able to take an interest free loan for X amount of months 
Chase Slate is mainly a BT card (with no rewards) and I would say you did well to get one on recon given your scores (I'm guessing you're rebuilding? How do your reports look?). To be honest, a $500 BT card is kind of useless; you might want to consider PC'ing it to a Freedom if possible. Chase is pretty stingy on CLI but I would wait at least 6 months (try to put some spend through it) and try (it will be an HP).
As long as you PIF (PIF before the statement cut if you don't want to kill your util), Chase won't care.
Quicksilver $10,000 | Better Balance Rewards $2000 | Sallie Mae $3500 | Freedom $3500
@Anonymous wrote:
@Anonymous wrote:So about 2 months ago I applied for the Chase Slate and was denied, approved on recon for $500 SL. Yes I know they gave me a chance, hence the small SL, which I am thankfull for. The card currently has 18 months 0% but with that kind of limit, it is kind of hard to really take advantage of it without hurting my util %. I charged up $440 on the card and have already made 2 $50 payments. Yes, I could have paid it off being that it's not too much, however, what's the point of paying it off right away if you can't take advantage of the 0%?
@Anonymous this actually hurting me and my score? I did notice an alert from myfico that I was using about 80% of my chase card limit. Does this look bad in Chase's eyes? I mean, even a $200-300 charge would put me @ 40%+ util. I know they require a hard pull for a CLI and I am still new with them. What is the recommended time before applying for another Chase card to boost my chances of approval and/or a better SL on the next card? I have been banking with them for 10+ years and have never had an overdraft (if that means anything). Do you recommend I not keep a balance and pay this sucker off asap?
any insight would definitely be appreciate from those who have had experience with Chase..my scores and cards are in my sig. thank you in advance!
If you're honestly looking for a CLI from Chase, show them that you need the bigger limit. Charge the card up to ~$300 and pay it in full multiple times a month (I'm not entirely sure how much you spend). Your intro APR won't be very useful, but with your scores, Chase doesn't want you taking advantage of the intro APR (don't mean to be brutally honest, don't really know how else to phrase it). Your past seems to show a risk, they don't want you sitting on their credit for 18 months and potentially not being able to pay it off when the time comes.
IMO, be a good creditee for a year or two. I know it's difficult to be patient, but once your scores rise, you'll be looking at approvals in the $5-10k range and you'll be able to take an interest free loan for X amount of months
For now the only real purchase i made was my $440 purchase. I don't plan on letting that sit for 18 months, it will be PIF within a month or two, I just didin't see the sens of urgency to hurry up and pay (even if I have the funds available) since it was still in its promotional 0%. Maybe I should just pay it off and start using the card as my everyday debit card, just like I do my Barclays which I've ran about $2k through within the 1st month (just on everyday stuff).