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Strategy to build credit limit increase - Want your opinion.

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Santi78342
Established Contributor

Re: Strategy to build credit limit increase - Want your opinion.

I would move $4k from the Marriot to the Freedom to get it to $5k and request it to be a Visa Signature. I would then send Chase a secure message asking if they will honor the 70k point bonus instead of the 50k one. 

 

After you get the points, you can do what you want with the Marriot card and its limit. I suggest keeping it since the annual free night makes up for the AF. 

 

Nonetheless, congratulations on a great card and limit!

Message 11 of 16
revjamesl
Valued Contributor

Re: Strategy to build credit limit increase - Want your opinion.

I have just now applied for the CO Venture and was approved for 20k. I will move this new limit to another old account with 3,200k limit. Ok, I now must remove my gardening icon. Whoops!

AMEX Platinum NPSL | Discover It $45.9k | Chase Sapphire Reserved $40.7k |Barclay Arrival+ WEMC $40k | PENFED Platinum Rewards VS $35k | Lowes $35k | BoA Better Balance Rewards $30k | AMEX EDP $25k | Cap 1 QS $23.25k | NASA Platinum $20k | Chase Freedom $15k | Synchrony Haverty's $16.5k | BBVA NBA Rockets AMEX $15k | FNBO AMEX $15k | Citi Diamond Preferred $10.7k | Best Buy $10k | Synchrony Rooms-to-Go $10k | US Bank Cash+ $7.5k | AMEX BCE $6k | Barclay Financing Visa 1k | |

AU on DW Accounts: Discover It $40k I AMEX BCE $30k | Chase Marriot $29.8k |

Credit Scores: 800 EQ/833 TU/831 EX
Message 12 of 16
Anonymous
Not applicable

Re: Strategy to build credit limit increase - Want your opinion.

I'm thinking of doing the same later this year.  It seems you get bigger, better cl's when you get a new card as opposed to asking for a cli.

Message 13 of 16
Anonymous
Not applicable

Re: Strategy to build credit limit increase - Want your opinion.


@revjamesl wrote:

I have just now applied for the CO Venture and was approved for 20k. I will move this new limit to another old account with 3,200k limit. Ok, I now must remove my gardening icon. Whoops!


Congrats on this approval also.  CAP 1 right now does not allow the combining of limits.

Message 14 of 16
revjamesl
Valued Contributor

Re: Strategy to build credit limit increase - Want your opinion.


@Anonymous wrote:

@revjamesl wrote:

I have just now applied for the CO Venture and was approved for 20k. I will move this new limit to another old account with 3,200k limit. Ok, I now must remove my gardening icon. Whoops!


Congrats on this approval also.  CAP 1 right now does not allow the combining of limits.


Whoopsy. Eh, just another inquiry.

AMEX Platinum NPSL | Discover It $45.9k | Chase Sapphire Reserved $40.7k |Barclay Arrival+ WEMC $40k | PENFED Platinum Rewards VS $35k | Lowes $35k | BoA Better Balance Rewards $30k | AMEX EDP $25k | Cap 1 QS $23.25k | NASA Platinum $20k | Chase Freedom $15k | Synchrony Haverty's $16.5k | BBVA NBA Rockets AMEX $15k | FNBO AMEX $15k | Citi Diamond Preferred $10.7k | Best Buy $10k | Synchrony Rooms-to-Go $10k | US Bank Cash+ $7.5k | AMEX BCE $6k | Barclay Financing Visa 1k | |

AU on DW Accounts: Discover It $40k I AMEX BCE $30k | Chase Marriot $29.8k |

Credit Scores: 800 EQ/833 TU/831 EX
Message 15 of 16
Anonymous
Not applicable

Re: Strategy to build credit limit increase - Want your opinion.


@revjamesl wrote:

@Anonymous wrote:

@revjamesl wrote:

I have just now applied for the CO Venture and was approved for 20k. I will move this new limit to another old account with 3,200k limit. Ok, I now must remove my gardening icon. Whoops!


Congrats on this approval also.  CAP 1 right now does not allow the combining of limits.


Whoopsy. Eh, just another inquiry.


Make that triple pull.  Either way you did get great starting limits! Enjoy! 

Message 16 of 16
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