chase slate CL question.

[Nightfallx]

i got approved last week but they only gave me 400.00$ CL my friend also applied the same time.  here is where it get weird. he has 6 cards all carry a balance and he pays monthly, i had 2 only one carried a balance which was my bestbuy card. his credit limit is 6000.00$ our incomes are the same only difference he owes 3000$+ in cards i owe barely 1000$ why is mine so low? I am thinking it's a fluke, because we both applied for amex zync, i was instant approved, they declined his but gave him the option for a 200$ hard limit.

[john398]

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@Nightfallx wrote:

i got approved last week but they only gave me 400.00$ CL my friend also applied the same time.  here is where it get weird. he has 6 cards all carry a balance and he pays monthly, i had 2 only one carried a balance which was my bestbuy card. his credit limit is 6000.00$ our incomes are the same only difference he owes 3000$+ in cards i owe barely 1000$ why is mine so low? I am thinking it's a fluke, because we both applied for amex zync, i was instant approved, they declined his but gave him the option for a 200$ hard limit.

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Does he have more credit history than you?

[Nightfallx]

probably around the same, we are the same age. he even had more inquires then me. im just curious as to why mine is so much lower, im happy for him, just wish mine wasn't so small haha.

[LS2982]

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@Nightfallx wrote:

i got approved last week but they only gave me 400.00$ CL my friend also applied the same time.  here is where it get weird. he has 6 cards all carry a balance and he pays monthly, i had 2 only one carried a balance which was my bestbuy card. his credit limit is 6000.00$ our incomes are the same only difference he owes 3000$+ in cards i owe barely 1000$ why is mine so low? I am thinking it's a fluke, because we both applied for amex zync, i was instant approved, they declined his but gave him the option for a 200$ hard limit.

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May I ask what your stats were getting this card?

[Nightfallx]

After I applied chase told me 697 ex, mine is better than his, his was 650ish ex

[PetRaccoon]

I have a feeling its beacuse Chase is trying to make him Balance Transfer all his util to the Slate card.  After all, the Slate is designed to be paid off over time.  At least, thats how they advertise it.

[Nightfallx]

Good point bc I don't owe much at all. Thanks