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I just received a notice from Chase saying they have lowered my CL from $10,500 to $6,300 with the following
primary reasons:
- Too Many open bankcards with high balances (No handle on the data they use to determine this)
- Too many active bankcard accounts ( No handle on the data used to determine this)
- Too few accounts paid as agreed compared to total accounts ( All accounts paid as agreed in last
four years)
Report pulled from Experian (TRW)
Any suggestions on how to proceed from hear or just consider its Chase and go elsewhere?
TU 734
EXPN 690
EQ 697
OP,
Is this a Chase card, or a WAMU carryover?
I called the BD number spoke to a supervisor he would not reinstate my CL because I have to many other Bank
Cards with balances on them. Stated if I would get some of these cards paid off they would reconsider within
six months. My utilization is approxiamtely 30 per cent which I realize is to high. Will have 3 of the 5 bank card paid off by year end. Then we will go from there assuming Chase doesn't can cancel between now and then!
@tommiej7533 wrote:I called the BD number spoke to a supervisor he would not reinstate my CL because I have to many other Bank
Cards with balances on them. Stated if I would get some of these cards paid off they would reconsider within
six months. My utilization is approxiamtely 30 per cent which I realize is to high. Will have 3 of the 5 bank card paid off by year end. Then we will go from there assuming Chase doesn't can cancel between now and then!
They mean what they say. Now you know what you need to do,
High UTIL has its price!
@DI wrote:
Good luck getting reinstated. I actually closed my card back months back. I just didnt like the service and low credit limit.