Chase credit card limit maximums - reduce?

[Anonymous]

Quick Chase question for you gurus out there...

I'm pretty highly exposed with Chase right now- $20K on my Freedom and $60K on my CSR for an total of $80K. I get a feeling I'm pushing pretty close to my hard maximum with Chase if I'm not already there. I'm considering applying for another Chase card sometime in 2017 (either the Hyatt, Marriott, or United depending on the signup bonuses) and want to make sure I get approved.

How should I handle this to make sure I get approved for a card? Would it be a better strategy to call into Chase and drop the limit on my CSR, and app for the new card online? Should I simply fire off the app online and call in to recon if they decline me, and offer to lower the limit on my other cards? Maybe I can apply with the rep over the phone and do everything at once?

Would appreciate any advice from those who have been in a similar experience... thanks in advance!

[willwar14]

My dad is at 97k and we're pretty sure he was just denied for a 4th card (has 97k between 3 cards). He got a call this morning from Lending asking if he would feel comfortable moving some of the credit from the other cards, he declined and he was told it was going to be recommended for a 10k approval and within the last hour it turned to the 7-10 day message.. from my experience they will call you if they don't want to extend more credit, and just move some around..

[driftless]

I think that part of it depends on whether you have a banking or investment relationship with Chase, and, if so, what assets the system can add to your profile. If you do have a banking relationship with Chase I would talk to your Chase banker. Otherwise, I would just apply and recon and move later.

O.P. - how much of you CSR's 60K CL was the SL and how much was moved from other card(s) or CLI? Your CSR CL is 2 - 3x your other limits

[Anonymous]

Thanks for the data points!

Driftless- I was approved for 34K SL and moved over the rest from my Freedom which was itself combined with another card I had closed out. I've never received nor asked for a CLI with Chase ever. 

[willwar14]

You were able to combine into a 60k card? Did you have to take a hard pull (I've seen a few places mention anything over 35k will require a HP)?

Whatever happens with his latest applications he is still planning to consolidate everything into a $90k+ CL.

[Anonymous]

Nope no hard pull to combine to the 60K

[driftless]

That is what I thought, $35K seems to be the soft top unless there is a very profitable relationship or there is a move. FWIW - my CSR was approved at 10K online prior to roll out, at 3 mos they bumped it to 35K and I just moved over my CSP into it so we are similarly situated.  

Again, I would not reduce but apply and then move if needed.  Good luck.  

[iced]

I wouldn't worry about overexposure on Chase. The worst that would happen is they'll ask you to move some limit from the CSR or another card over to a new card.

[iced]

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@willwar14 wrote:
You were able to combine into a 60k card? Did you have to take a hard pull (I've seen a few places mention anything over 35k will require a HP)?

Whatever happens with his latest applications he is still planning to consolidate everything into a $90k+ CL.

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I've combined with Chase to make cards with limits over 35k on two occasions. No hard pull either time.

[driftless]

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@willwar14 wrote:
You were able to combine into a 60k card? Did you have to take a hard pull (I've seen a few places mention anything over 35k will require a HP)?

Whatever happens with his latest applications he is still planning to consolidate everything into a $90k+ CL.

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Wow, I would be interested in hearing the outcome of this. If you don't mind my asking, what is Dad's scores, income, assets, and, relationship with Chase?