What to Do About Chase Credit Card With Low Limit
Author: as985
Posted: Sun Mar 19, 2006 12:06 am
Post subject: chase CLI?
i got a pre-approval offer from chase for a chase platinum card. i was approved, but the limit is $400! i am a college student, but my wells fargo card was a CL of $5,000 (it is not a student card; i am only carrying $800 in debt)! The $400 ispretty much pointless. howlong do i have to wait to get a CLI? also, when you apply for a CLI online does chase pull a hard inquiry? thanks in advance.
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Author: stevejk
Posted: Mon Mar 20, 2006 10:24 am
Post subject:
IMHO, wait to get 6 months of good payment history, then try. I've not gotten an automatic CLI with Chase (but have with BofA and Citi) and I have not filled out the form to find out if they do a hard pull or not.
Author: davej
Posted: Tue Mar 21, 2006 6:28 am
Post subject:
I also started low with Chase Platinum. Mine was at $800, then after about six to nine months they increased me automatically to $1,200, then it took another six months for the limit to reach $1,700. Chase is known for their small CL increases... Calling in doesn't help the case either IF you want a soft pull.. The analyst told me he needs to pull hard, but I told him not to bother. And the reason why I called in was that my 'request a CLI' link would always return an error message (within the site - I mean it wasn't a connection drop). Might be due to a recent automatic increase though. Anyway, why have "a page is not available" message when they could plainly say that's because of a recent auto increase??....
IMHO, in your case pulling hard won't help a lot either if your other cards are relatively new..., unless another $400-600 tops is worth a hard for you...
Author: as985
Posted: Tue Mar 21, 2006 1:14 pm
Post subject:
thanks for the info. chase is the 1st new card i have gotten in 5 years. my 3 other cards (wells fargo, victorias secret, and express) are 5-6 years old. i don't want hard inquiries, so i will not apply for another card for a while. i am just disapointed that i got a chase card with such a low limit; a $400 limit on a brand new card is not going to help my credit score at all.
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Posted: Sun Mar 19, 2006 12:06 am
Post subject: chase CLI?
i got a pre-approval offer from chase for a chase platinum card. i was approved, but the limit is $400! i am a college student, but my wells fargo card was a CL of $5,000 (it is not a student card; i am only carrying $800 in debt)! The $400 ispretty much pointless. howlong do i have to wait to get a CLI? also, when you apply for a CLI online does chase pull a hard inquiry? thanks in advance.
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Author: stevejk
Posted: Mon Mar 20, 2006 10:24 am
Post subject:
IMHO, wait to get 6 months of good payment history, then try. I've not gotten an automatic CLI with Chase (but have with BofA and Citi) and I have not filled out the form to find out if they do a hard pull or not.
Author: davej
Posted: Tue Mar 21, 2006 6:28 am
Post subject:
I also started low with Chase Platinum. Mine was at $800, then after about six to nine months they increased me automatically to $1,200, then it took another six months for the limit to reach $1,700. Chase is known for their small CL increases... Calling in doesn't help the case either IF you want a soft pull.. The analyst told me he needs to pull hard, but I told him not to bother. And the reason why I called in was that my 'request a CLI' link would always return an error message (within the site - I mean it wasn't a connection drop). Might be due to a recent automatic increase though. Anyway, why have "a page is not available" message when they could plainly say that's because of a recent auto increase??....
IMHO, in your case pulling hard won't help a lot either if your other cards are relatively new..., unless another $400-600 tops is worth a hard for you...
Author: as985
Posted: Tue Mar 21, 2006 1:14 pm
Post subject:
thanks for the info. chase is the 1st new card i have gotten in 5 years. my 3 other cards (wells fargo, victorias secret, and express) are 5-6 years old. i don't want hard inquiries, so i will not apply for another card for a while. i am just disapointed that i got a chase card with such a low limit; a $400 limit on a brand new card is not going to help my credit score at all.
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
posted by CardRatings.com at 6:49 PM
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