@Anonymous wrote:I applied for a Chase CSP a couple of years ago, I got it with a 5K limit.
What surprised me, when the banker looked at my Chase bank records, he noted that I have filed Chp 7 in 2002. It was long gone from my credit report, but they still have the records internally in the bank. Which makes sense.
I don't think there is any credit rule/law that says banks have to destroy their historical records on individuals, only that credit bureaus have to delete it from their reports. So old data won't be available to new creditors and won't be on any credit reports, but you will still have may have a record at that creditor.
So I got the CSP, but I wonder if I had never filed BK, would I have gotten a higher limit? I got a few US Bank cards, they had a $14K limit to start with, but a Chase Amazon card I got started with $500.
Has anyone noted that banks still "know" about data that has long since been deleted, and does anyone think that has an influence?
Sure they do (why delete anything these days?), and of course it does (even if they decide to ignore it that's still a choice); however, there's plenty of counter examples of people with messy reports BK / tax liens / etc which were present at CSP approvals anecdotally, and those aren't at 5K limits.
End of the day your credit score only gets you in the door for a credit product, a lot of other factors go in to what sort of limit is extended. I wouldn't read much into it frankly.
Also depending what you mean by a few years ago, Chase of yesteryear wasn't as "generous" as they are in circa the last year or two, and that plays a major role into limits. Chase is also notoriously stingy with CLI's: really to find out where you are with Chase limit wise you apply for another card, and then transfer the limit if you want a CLI: a little suboptimal credit limit building wise (for those that care about such) but it's how Chase is setup currently and historically from the reports here.
