What if Chase is highest in aggregate limits??

[redpat]

---

@Anonymous wrote:

I don't know if I buy the 50%-60% of income thing.  At least not as a blanket rule.  That would mean that redpat's income is possibly around $500k (which it may be, I don't know). 

---

No my income isn't $500k, I used 140k on my CSR app as I do on all my apps but it is much higher and I don't include DW's income.  Regarding the biz ink card it was originally 21k took a HP after 1 year to 30k and was putting a lot of the company's expenses through took another HP to 40k.  CSR original CL was 31k and when I closed my 25k FU moved 19k to my CSR.

The business is well established w/ a 30 year long history of auto loans, credit cards and credit lines.  They may treat my business card seperately because the business has expenses that are not associated with my income to pay them, it grosses 2 million plus.

Therefore, there maybe other circumstances involved and 50% - 60% isn't a set in stone rule.

[kerplunk]

1. Chase ($46k)
2. Discover ($28k)
3. U.S. Bank ($21k)
4. Citi ($11k)

Quickly realizing my credit lines should be much higher when taking my income and credit history/score into account.

[iced]

---

@Anonymous wrote:

Thank you all for the responses!! It seems like the trend here is that Chase is unlikely to be the issuer that is most exposed, either because other issuers like Amex give large limits, or just because Chase is wary of all of us as customers  

At the same time there are a few people who have a lot of exposure with Chase but I'm not sure if it's too common.

I feel like another issue is that Chase's CL don't grow the same way other issuers do, so it makes it difficult for them to be the issuer consistently giving you the highest limit. 

Currently my chase cards combined end up #3 out of my 4 issuers. Amex is first at 19K, followed by BoA 10K, Chase 6.5K, USB 2K.

After I apply for the CSP, if I'm approved (for a 5K minimum SL) Chase will jump to #2 on the list, but I doubt they will ever reach first in total limits. 

---

Not quite sure how you arrived at that conclusion in this thread. The only trend with Chase is that there is no trend. There's about as many people saying they're wary as there are saying Chase makes it rain.

[Anonymous]

---

@iced wrote:

---

@Anonymous wrote:

Thank you all for the responses!! It seems like the trend here is that Chase is unlikely to be the issuer that is most exposed, either because other issuers like Amex give large limits, or just because Chase is wary of all of us as customers  

At the same time there are a few people who have a lot of exposure with Chase but I'm not sure if it's too common.

I feel like another issue is that Chase's CL don't grow the same way other issuers do, so it makes it difficult for them to be the issuer consistently giving you the highest limit. 

Currently my chase cards combined end up #3 out of my 4 issuers. Amex is first at 19K, followed by BoA 10K, Chase 6.5K, USB 2K.

After I apply for the CSP, if I'm approved (for a 5K minimum SL) Chase will jump to #2 on the list, but I doubt they will ever reach first in total limits. 

---

Not quite sure how you arrived at that conclusion in this thread. The only trend with Chase is that there is no trend. There's about as many people saying they're wary as there are saying Chase makes it rain.

---

On second read I realize that completely.   I don't know how I arrived at that conclusion either 

[jamesdwi]

Chase doesn't have a problem being my highest agregate credit limit lender, just put my credit limits into a spreadsheet and figured out they were in fact the one, at 62,500 combined credit limit across 7 cards (long history with multiple signing bonuses to account for this), earlier this year they gave me an Auto-CLI on one of my cards.  The lender that has given me the highest limit is currently AMEX even though I have 4 revolvers with them and the exclusive NPSL Zync card so who knows my real limit with them. It was First National of Omaha that was my highest limit for the longest time until I decided to go for it and ask for a CLI to 32,500 on my BCP, and they granted it. This is with a 7+ year history with both lenders. 

[woodyman100]

---

@FinStar wrote:

---

@iced wrote:

---

@Anonymous wrote:

There is discusson that Chase will only give limits that are 50 to 60% of your income, so if you income is significantly high, it would make sense for that to occur.  However, since I am still a student, my highest aggregate is AMEX, they even gave me a $25k limit on my SPG biz upon approval which i quickly reduced to $10k to avoid FA. 

so with that, it's YMMV

---

There are also cases where Chase gives much more than 50-60% of reported income as well. I'm such a case: I'm already over that mark and I am confident that if I applied for another card from them today they'd throw another $20,000-$30,000 my way in a heartbeat.

I'll also emphasize reported because I intentionally underreport my income to banks, including Chase. What I don't know is if their system is able to figure out I'm sandbagging them and adjust their metrics to be more in line with what they believe I actually make.

The common theme in all of these Chase threads is that people are trying to analyze them the same way they do American Express, Capital One, or Discover. They search for some repeatable (and exploitable) algorithm such as the 3x CLI from American Express that will allow them to min/max their Chase profile. The one constant to date is that such an algorithm does not exist with Chase. Aside from 5/24, there are no hard and fast rules - they won't touch some people while they'll be someone else's first card. They won't give so much as a $1,000 CL to one person while showering another person with a similar profile with tens or hundreds of thousands in CL. Some get auto-CLIs with heavy spend; others don't. Some get approved with a recent BK, others never get approved.

Someday someone might crack the secret sauce, though I expect that the day after that Chase will change things up to throw everyone off again.

---

^^^^ This pretty much sums it up.  The aggregate exposure I have with them across several CCs is ~$150K.  Citi's is much higher.

Of course, that being said, playing with fire and/or poking the bear with Chase can have some negative repercussions, especially when the aggregate exposure is fairly high.  I can recall an instance where a member had upwards of $70K and accounts were CLD/closed due to AA. 

---

I can vouch for this. DW apped for the Hyatt and 3 days later Chase shut down both her cards with $42k in limits.

Just a blip on her profile, but for some it could be trouble

[Anonymous]

No offense to the OP but I don't think any of the major creditors, whether it be Chase, Cit, Amex, BoA, etc,  care very much whether they are the one that has granted you the most credit.  Any of them can be the one depending on your credit file and most importantly how you have handled your existing account along with managing your other credit accounts.

[UpperNwGuy]

Chase is my highest overall credit limit, and it's about 50% of my annual income.  I don't get any prequalified offers from Chase, but it has otherwise not been a problem.

[Anonymous]

---

@Anonymous wrote:

No offense to the OP but I don't think any of the major creditors, whether it be Chase, Cit, Amex, BoA, etc,  care very much whether they are the one that has granted you the most credit.  Any of them can be the one depending on your credit file and most importantly how you have handled your existing account along with managing your other credit accounts.

---

None taken. I don't really think they care when they are the one that has granted you the most, however they do take notice of it if you ever ask for a CLI. I've previously asked BoA for a CLI and one of the reasons of denial was that their limit (at the time) was my highest limit and they felt it was sufficient. When I pressed the senior credit analyst, she said that they likely won't raise my limit unless another issuer increases their limit above BoA's. I don't believe her statement was completely true, but I think upon a manual review of your credit report, underwriters will notice how much credit their bank has extended and whether other banks are close to that number.

[Revelate]

Chase in aggregate dwarves any other lender in my portfolio by 3x.

Admittedly I run my financial life through them so they know I'm not really a risk, haven't asked them for anything in nearly two years either.  

Chase has gone through some ups and downs on this forum, but they're also the most technically advanced of any of the major lenders as near as I can tell and as such their servicing algorithms probably are acting on trends others haven't observed yet in consumer data.  My guess anyway, but there isn't much rhyme or reason, and Chase wants to be your relationship bank these according to their public announcements, and I'm happy to oblige them in that.