Chase credit limit increase + CSR

[Anonymous]

I've had a Chase Freedom card for about 2 years. Originally only a $500 spend but since then my credit has gone from 715 to 593 due to poor (though planned) spending. Finally just kissed 700 again after a few months of paying off things. I requested a credit limit increase and was granted a new limit of $3500 last month. I've also had a Chase Slate that was originally $3600. So I have a total credit limit with Chase of $7100, and $20,980 between my other 2 credit cards, care credit, and 2 store cards. Income is $104,000.

Question 1: Given my score and limits as is, what chance might I have in being able to apply for a CSR and be given the 10k minimum despite the fact they seemed to only be ok raising my other limit recently to $3500 (total $7100 across chase)?

Question 2: I have about 5k debt left to pay off, 3k of which I will pay as soon as my paycheck clears today. This is expected (using creditscore.com credit calculator) to raise my score to about a 740 (give or take the accuracy of this tool). If the answer to the above is "not a chance", what about now?

I've seen people making less than me with worse credit get approved, and denied. 5/24 is no problem for me (at 1-2/24 now)

[darwin_wins]

Reduce your utilization first then try apply for the card. How does your report look otherwise?

[Anonymous]

Will do, just curious if at this time Chase sees my absolute limit at this time to be no more than 7100?

After that only negative is 1 30 day missed payment 8 months ago that I only didn't pay because their website already showed my due date as next month after 1 day late. I'm hoping I can call them today and get that removed as I pay off the card. Otherwise I'm 183/184 on time payments.

[Anonymous]

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@Anonymous wrote:
Will do, just curious if at this time Chase sees my absolute limit at this time to be no more than 7100?

After that only negative is 1 30 day missed payment 8 months ago that I only didn't pay because their website already showed my due date as next month after 1 day late. I'm hoping I can call them today and get that removed as I pay off the card. Otherwise I'm 183/184 on time payments.

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There is no way for any of us to know if $7100 is the max that Chase will extend you in credit.  Only way you will know for sure is when you apply for another card.  Chase has their own internal scoring system and bases their approvals quite a bit on that score .  Once you work on your utilization and hopefully get that recent late payment off your reports then you'll have a much better chance at being approved for the CSR. Good luck.

[Discover2016]

Historically speaking, Chase seems to limit their exposure to around 50-70% of your income, so you have lots of room to grow with Chase. 

[noobody]

Pay as much as you can, wait for CR update, then apply, you have an excellent chance to get approved.
Low 700 score and 100k income is more than enough for a 10k CSR. if you do not have that 30 day late payment, I would guess you can have a 30K CSR.
Recon if needed.
Please report back for result.

[Anonymous]

Hope you're right! I'm waiting to apply after the credit reports update as I have a trip to Thailand coming up and some other purchases to take care of the min spend. I've never actually been excited about getting a credit card before 

[newhis]

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@Discover2016 wrote:

Historically speaking, Chase seems to limit their exposure to around 50-70% of your income, so you have lots of room to grow with Chase. 

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I think you are right, I'm at 60%. I think some can go higher than 70%, but it all depends on Chase's internal score and client relationship.

[Anonymous]

Chase can be stingy with CLI, but will expand on new cards.

Example: my wife has a Freedom with $5500 CL, and Chase won't give her a CLI (dinged for a HP for no reason). Opened her up a CSP and was approved for $26k.