Chase - Total exposure / income / AA

[itguy_65]

Total exposure with Chase (over 3 cards) is 45% of income.  Total credit lines (all creditors, 14 cards opened in 2014) are 269% of income.  Util is 6%.  AAoA is 8.6 years.  With all the paranoia, I'm thinking I should be one of the ones on the list for AA, but hasn't happened yet!

[Chris679]

That's because the paranoia is getting out of hand. Unless you are out of control and opening up a ton of new accounts and then of course it should be expected.

[Anonymous]

---

@red259 wrote:

---

@Anonymous wrote:

@Akula,

All those don't play a role when chase decides to close.  When something triggers the closure, they proceed full force. There has been people who have been chase private bank clients - Palladium card, JP Morgan Select cards etc. and have gotten their accounts closed out with any notice.  It is nice to want to know income/total exposure but that is not taking into consideration.

---

I'm not sure what your point is here. Are you claiming that income/exposure is not taken into consideration when Chase decides to review/close accounts? If so, of course it is considered. It is not necessarily the only consideration but it is definetly a factor that they look at.  You can also get closed down for other things as well independent of that. 

---

@red259,

I can see how that come across.  What I mean is it plays a minor role and should have stated as such.  I know some who made 7 figures, banks with chase, total exposure was like 20% of income and was told it was not his ability to pay the debt.  But it was how the card was used.... If you review the account closures here and other sites, a higher pencentage that have thier accounts nerfed have the income to pay it back - that is what I mean by that statement.

[red259]

---

@Anonymous wrote:

---

@red259 wrote:

---

@Anonymous wrote:

@Akula,

All those don't play a role when chase decides to close.  When something triggers the closure, they proceed full force. There has been people who have been chase private bank clients - Palladium card, JP Morgan Select cards etc. and have gotten their accounts closed out with any notice.  It is nice to want to know income/total exposure but that is not taking into consideration.

---

I'm not sure what your point is here. Are you claiming that income/exposure is not taken into consideration when Chase decides to review/close accounts? If so, of course it is considered. It is not necessarily the only consideration but it is definetly a factor that they look at.  You can also get closed down for other things as well independent of that. 

---

@red259,

I can see how that come across.  What I mean is it plays a minor role and should have stated as such.  I know some who made 7 figures, banks with chase, total exposure was like 20% of income and was told it was not his ability to pay the debt.  But it was how the card was used.... If you review the account closures here and other sites, a higher pencentage that have thier accounts nerfed have the income to pay it back - that is what I mean by that statement.

---

I agree with that. 

[Anonymous]

---

@red259 wrote:

---

@Anonymous wrote:

---

@red259 wrote:

---

@Anonymous wrote:

@Akula,

All those don't play a role when chase decides to close.  When something triggers the closure, they proceed full force. There has been people who have been chase private bank clients - Palladium card, JP Morgan Select cards etc. and have gotten their accounts closed out with any notice.  It is nice to want to know income/total exposure but that is not taking into consideration.

---

I'm not sure what your point is here. Are you claiming that income/exposure is not taken into consideration when Chase decides to review/close accounts? If so, of course it is considered. It is not necessarily the only consideration but it is definetly a factor that they look at.  You can also get closed down for other things as well independent of that. 

---

@red259,

I can see how that come across.  What I mean is it plays a minor role and should have stated as such.  I know some who made 7 figures, banks with chase, total exposure was like 20% of income and was told it was not his ability to pay the debt.  But it was how the card was used.... If you review the account closures here and other sites, a higher pencentage that have thier accounts nerfed have the income to pay it back - that is what I mean by that statement.

---

I agree with that. 

---

Also, I read somewhere that these CC have it set up in a way that, any new thing that reports on CRAs(account holders) gives them an immediate alert.

[red259]

---

@Anonymous wrote:

---

@red259 wrote:

---

@Anonymous wrote:

---

@red259 wrote:

---

@Anonymous wrote:

@Akula,

All those don't play a role when chase decides to close.  When something triggers the closure, they proceed full force. There has been people who have been chase private bank clients - Palladium card, JP Morgan Select cards etc. and have gotten their accounts closed out with any notice.  It is nice to want to know income/total exposure but that is not taking into consideration.

---

I'm not sure what your point is here. Are you claiming that income/exposure is not taken into consideration when Chase decides to review/close accounts? If so, of course it is considered. It is not necessarily the only consideration but it is definetly a factor that they look at.  You can also get closed down for other things as well independent of that. 

---

@red259,

I can see how that come across.  What I mean is it plays a minor role and should have stated as such.  I know some who made 7 figures, banks with chase, total exposure was like 20% of income and was told it was not his ability to pay the debt.  But it was how the card was used.... If you review the account closures here and other sites, a higher pencentage that have thier accounts nerfed have the income to pay it back - that is what I mean by that statement.

---

I agree with that. 

---

Also, I read somewhere that these CC have it set up in a way that, any new thing that reports on CRAs(account holders) gives them an immediate alert.

---

Yes they do. Not sure if all lenders bother SPing when something new hits but some lenders do.

[CreditCuriosity]

---

@red259 wrote:

---

@Anonymous wrote:

---

@red259 wrote:

---

@Anonymous wrote:

---

@red259 wrote:

---

@Anonymous wrote:

@Akula,

All those don't play a role when chase decides to close.  When something triggers the closure, they proceed full force. There has been people who have been chase private bank clients - Palladium card, JP Morgan Select cards etc. and have gotten their accounts closed out with any notice.  It is nice to want to know income/total exposure but that is not taking into consideration.

---

I'm not sure what your point is here. Are you claiming that income/exposure is not taken into consideration when Chase decides to review/close accounts? If so, of course it is considered. It is not necessarily the only consideration but it is definetly a factor that they look at.  You can also get closed down for other things as well independent of that. 

---

@red259,

I can see how that come across.  What I mean is it plays a minor role and should have stated as such.  I know some who made 7 figures, banks with chase, total exposure was like 20% of income and was told it was not his ability to pay the debt.  But it was how the card was used.... If you review the account closures here and other sites, a higher pencentage that have thier accounts nerfed have the income to pay it back - that is what I mean by that statement.

---

I agree with that. 

---

Also, I read somewhere that these CC have it set up in a way that, any new thing that reports on CRAs(account holders) gives them an immediate alert.

---

Yes they do. Not sure if all lenders bother SPing when something new hits but some lenders do.

---

Barclay's, chase and amex all do for sure.. When a new inquiry hits my CR, I get softed the same day by all three... Coincidence?

[Strogen]

---

@Imperfectfuture wrote:

---

@Strogen wrote:

Income is 36K (43 if you add the employer paid benefits)

And my exposure with Chase is 30K. 

---

Double wow.  Guess in 2016 can REALLY play with them.  However, how much exposure do you have to other lenders?

---

70K with all other lenders combined. I did have a 22K car loan but just paid that off. 

100k including Chase. 

[CreditCuriosity]

Actually suprised some people have 2 to 3 times there income in available credit...  That would deffinetly worry me as a lender.  I have approx 1/4 of my income in revolving credit is all... I plan on building that to Actual income = Actual Revolving Credit then plan on stopping there over the next few years..

[Strogen]

---

@CreditCuriousity wrote:

Actually suprised some people have 2 to 3 times there income in available credit...  That would deffinetly worry me as a lender.  I have approx 1/4 of my income in revolving credit is all... I plan on building that to Actual income = Actual Revolving Credit then plan on stopping there over the next few years..

---

Well, the lenders think I make 100k a year so maybe thats why they dont shut me down. LOL

But the car loan people know the truth obviosuly. Had to prove income.