Highest CL account closed. Quick question!

[Anonymous]

I recently closed my highest CL account, which was a NASAFCU secured CC for $2500 as it made financial sense for me to do so.

My next highest account reporting is Discover for $1,200.

That being said, if I were to apply for a new card will they still consider the now closed account as my highest limit (being I had the card for over 2 years never late), or would they only consider my open credit cards for highest TL?

***Not looking to apply for new cards ATM but wanted to know what I was working with for the near future***

[Elcid89]

I think in your case, with the limits invovled, matching limits wouldn't be a factor. That anecdotally gets considered with high limits associated with a high annual spend.

[Anonymous]

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@Elcid89 wrote:
I think in your case, with the limits invovled, matching limits wouldn't be a factor. That anecdotally gets considered with high limits associated with a high annual spend.

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Yeah, right now I'm trapped in the low limit box (i.e. multiple cards all approved with low limits) and was looking to break into 2.5-5k range with the next card I apply for. The low limit cards are being PIF multiple times a month, which is becoming quite annoying. Not apping for anything until all my current inq fall off in about 4-5 months and hoping to break my way up to a CSP around that time. Not too worried, but was thinking they might look at a 1.2k highest TL and deny based off that.
 

[Elcid89]

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@Anonymous wrote:

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@Elcid89 wrote:
I think in your case, with the limits invovled, matching limits wouldn't be a factor. That anecdotally gets considered with high limits associated with a high annual spend.

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Yeah, right now I'm trapped in the low limit box (i.e. multiple cards all approved with low limits) and was looking to break into 2.5-5k range with the next card I apply for. The low limit cards are being PIF multiple times a month, which is becoming quite annoying. Not apping for anything until all my current inq fall off in about 4-5 months and hoping to break my way up to a CSP around that time. Not too worried, but was thinking they might look at a 1.2k highest TL and deny based off that.
 

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I would think that wouldn't come into consideration. Waiting is an excellent strategy. Chase is notoriously inquiry sensitive. Best strategy for their products (assuming no other negative information on your reports) is to apply when you have 6 months free from inquiries / 1 or 2 at most in the last 6 months.

The biggest determinant of what size limit they might offer you, IMO, will be stated income.

[Irisa]

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@Anonymous wrote:

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@Elcid89 wrote:
I think in your case, with the limits invovled, matching limits wouldn't be a factor. That anecdotally gets considered with high limits associated with a high annual spend.

---

Yeah, right now I'm trapped in the low limit box (i.e. multiple cards all approved with low limits) and was looking to break into 2.5-5k range with the next card I apply for. The low limit cards are being PIF multiple times a month, which is becoming quite annoying. Not apping for anything until all my current inq fall off in about 4-5 months and hoping to break my way up to a CSP around that time. Not too worried, but was thinking they might look at a 1.2k highest TL and deny based off that.
 

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Is your Discover account new? You might get an auto CLI from them while you're waiting for those inquiries to fall off.

[Anonymous]

Discover was opened last January, no CLI.

[Anonymous]

Can you tell us what your credit profile looks like? Score, card details, negatives etc. I have some advice but need to know more first.

I would not app for any chase because of bad cli policies. Your highest cl is highest open cl

[Anonymous]

Credit Cards:

Chase Amazon: 25/400

Credit One: 0/550

Chase Freedom: 950/1000 Made PIF and then made large purchase which was reported

Discover: 50/1200

CapOne:0/300

Best Buy: 100/1000

NASAFCU: Closed (was 2500 Secured CL)

Loans:

School Loans: Currently 7 TsL totalling around $25,000

Car Loan: NASAFCU 15.5/19k, Opened in January 2013.

Oldest TL: 3 Years 2 Months

AAoA: 1 Year 3 Months

Derog:

2 90 Day lates reported on student loans 3 years ago (took a break from school ) which will not be removed in this lifetime.

Scores were in the 670s as of last app spree in January. CK is at 665 currently, and will buy scores when I get closer to apping for this stuff.

Again not really looking to app until January-February, when last round of Inq stop counting against me.