@Anonymous wrote:
@red259 wrote:
@Anonymous wrote:
@red259 wrote:
@Anonymous wrote:
@Anonymous wrote:
@kdm31091 wrote:
Moving limits always triggers a review. The method you use to do it makes no difference. Moving limits is basically a CLI. They're going to make sure your profile is in order before they grant the request.
Other times, they grant the request and a later review reveals things they aren't happy with.
Moving limits in and of itself isn't a big deal with Chase but if there's any reason for someone to believe their profile has issues (high util, lots of inqs, whatever) it's best to not put yourself under unneccessary attention.
So I triggered a review just this morning by moving limits? Or is there some process that happens when the rep activates that mode in her system, while I am on the phone with them?
Is there a chance I could log in later and see some form of AA?
(I would think not, since the only thing that has changed since I opened my CSR ,their last review of my file, is I added a new account, and a new inquiry to go with it...and my reported balances have gone down, not up)
Don't sweat it. Chase AA is like hitting the lottery. Unless you do something completely stupid.
I wouldn't mislead people. My score is like 810+ and I have been a chase customer for years and everything on my profile is in order with no negatives and they took AA on me., so it is NOT like hitting the lottery. There have been a lot of datapoints about this and in my case i'm wondering if its because the particular card they reduced wasn't getting used that much. I use the card but rarely do I got over 1k on it.
I'm not misleading anyone. And it is like hitting the lottery.
Out of hundreds of thousands of accounts, how many do you think are hit with AA?
No you are using the wrong metric. We have seen a number of datapoints about this. You don't look at all Chase accounts. You need to look at people who moved limits. It seems like recently in moving limits its not uncommon for this to happen. I don't consider moving a credit limit to be completely stupid, although I can guarantee I will tell any future rep to not move any credit line on a card I am closing.
You are misleading people, by creating paranoia and falsehoods. The vast majority of people who move limits around do NOT get hit with AA.
I'm just saying what happened to me and I can't find any sort of negatives in my profile. I'm merely stating fact. We have seen other people post about this issue as well. So it is not a falsehood and its not paranoia. If there was something wrong in my credit I would be the first person to say it. Prior to this action happening my credit has only been improving and is much much better than when I started.
;
@bourgogne wrote:very sorry about this, YIM warned me about this a few weeks ago before I moved limits around. I got a csp and ink in 3 days, got the bonus for both on the 4th day and moved $ 20K out the day my pts posted a few days later. the next week I downgraded the csp to the cs and the csr has to borrow $4K to make the downgrade from another card before he could do the downgrade. happened like clockwork, csr could not have been more helpful and nice. I am even getting the ink cash in a few weeks as its up to 50K and there is no hp or at least one that can be seen. so far I am loving chase.
have you done a cct and looked over everything? I would be drilling into full reports to see the sp patterns, something spooked them and i dont think it was with chase. just a gut feeling. you are going to need to find out what happend or it will bug you. congrats on your nice scores btw, that is really great
I'm going to pull my report to make sure nothing falsely reported there. I really think they did this because I do not use that freedom card heavily (therefore they figure well he doesn't need all that credit- then again they didn't touch the 12k on the CS and I never spend more than several hundred dollars on that)., but I have been throwing $120 charges on it for the past two months or so. It does see activity but the CSR now is getting almost all my spend so I can meet the initial spend requirement.
@Anonymous wrote:OP -- sorry this happened to you. I had CHASE freeze my RITZ over a year ago now (wow) about 3 months after I got it, due to cash advances. I called the Lending team and spoke to a SR ANALYST who put me on hold to do the review then and there -- came back and freeze was lifted and she congratualted me on my great credit score and usage. CHASE has odd triggers, but sometimes -- like in my case -- it makes sense too. I understand both sides. HOWEVER, with your score/profile something is not adding up -- call Lending immediately, they are open today and the # is in BACKDOOR THREAD. I would think they will reinstate you.
As an aside, I DO NOT agree with people stating that moving limits within the same lender is a CLI -- absolutely false. The bank's exposure is not changing in any way, the limits are simply being moved around -- this is NOT A CLI by definition whatsoever. You are not asking for NEW CREDIT -- it is credit that has ALREADY BEEN GRANTED. So I am sorry but I fail to see how this counts as a CLI when there is zero change in exposure to the bank. A CLI would be not moving the limit to Freedom, for example, but instead calling in and ASKING for a credit line increase on that card. Two very different things. A credit line increase is just that -- an increase on a card with a change in exposure to the financial institution.
Different people are saying different things here. Some are saying call in and I can maybe get the limit reinstated, others I saying if I call in they could close all my credit lines? I have ZERO idea what justification Chase would have to close all my lines. What is the consensus on calling in? I don't care if they tell me no, but I do care if they are going to start screwing around with the rest of my cards. In my case I don't have any cash advances and I do not engage in any MS either (in case anyone thought that could be a cause).