Chase Bank Freedom Credit Card Offer
Guest: TheTick
Post subject: Chase Bank Freedom Credit Card Offer
Posted: Mon Apr 09, 2007 2:51 pm
I got a Chase Freedom card around November 2006 with a measily $500 limit. The reason I got it was because the cashback percent on my Citi platinum dividend card was reduced. The chase freedom card gives 3% back on fast food and you can redeem $200 for a $250 check.
However, I needed to have at least a $1500 credit limit to use the card comfortably. So I asked for a CLI and was denied.
Fine.
I waited a while and asked for another increase and was denied again. At this point I assumed that Chase considered me a credit risk and wasn't planning to give me credit.
Then, in early January, I got an Amazon credit card just to get a $30 credit to buy a couple of CDs. Turns out that this was a Chase card too. I saw it appear on Chase's card management site. And it had a $2500 limit to start out!
I called customer service to ask why they would give me $2500 credit even though they wouldn't increase my $500 limit even by $500. They didn't give me a meaningful answer, but they told me that they can transfer the credit limit from the Amazon card to the Freedom card. I had no idea this was possible. So I transfered most of my Amazon limit to the Freedom limit and was able to start using the Freedom card again.
Now, last week I tried to get another CLI on my Freedom Card - and, big surprise, I was turned down.
So, I simply applied for a random Chase card - the Starbucks Duetto. And lo and behold, I was approved for another $2500. And again, I just transfered the credit limit.
Now, why is Chase doing this? Why can't they just give me a CLI?
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Guest: xace
Posted: Mon Apr 09, 2007 3:39 pm
Chase seems weird about CLI. Im not sure why they are like this. When I received my new account in Jan they approved me for 2,500. When I activated the account I asked for a higher limit to compete with my other accounts. I asked for 6,000. They had to pull another report for this. I plan to apply in 6 months for a Chase Freedom card to add to my current Chase Platinum card. I want to have three accounts with Chase.
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Guest: TheTick
Posted: Mon Apr 09, 2007 10:13 pm
Did you get the CLI?
Should I bother asking for a CLI 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!
Post subject: Chase Bank Freedom Credit Card Offer
Posted: Mon Apr 09, 2007 2:51 pm
I got a Chase Freedom card around November 2006 with a measily $500 limit. The reason I got it was because the cashback percent on my Citi platinum dividend card was reduced. The chase freedom card gives 3% back on fast food and you can redeem $200 for a $250 check.
However, I needed to have at least a $1500 credit limit to use the card comfortably. So I asked for a CLI and was denied.
Fine.
I waited a while and asked for another increase and was denied again. At this point I assumed that Chase considered me a credit risk and wasn't planning to give me credit.
Then, in early January, I got an Amazon credit card just to get a $30 credit to buy a couple of CDs. Turns out that this was a Chase card too. I saw it appear on Chase's card management site. And it had a $2500 limit to start out!
I called customer service to ask why they would give me $2500 credit even though they wouldn't increase my $500 limit even by $500. They didn't give me a meaningful answer, but they told me that they can transfer the credit limit from the Amazon card to the Freedom card. I had no idea this was possible. So I transfered most of my Amazon limit to the Freedom limit and was able to start using the Freedom card again.
Now, last week I tried to get another CLI on my Freedom Card - and, big surprise, I was turned down.
So, I simply applied for a random Chase card - the Starbucks Duetto. And lo and behold, I was approved for another $2500. And again, I just transfered the credit limit.
Now, why is Chase doing this? Why can't they just give me a CLI?
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Guest: xace
Posted: Mon Apr 09, 2007 3:39 pm
Chase seems weird about CLI. Im not sure why they are like this. When I received my new account in Jan they approved me for 2,500. When I activated the account I asked for a higher limit to compete with my other accounts. I asked for 6,000. They had to pull another report for this. I plan to apply in 6 months for a Chase Freedom card to add to my current Chase Platinum card. I want to have three accounts with Chase.
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Guest: TheTick
Posted: Mon Apr 09, 2007 10:13 pm
Did you get the CLI?
Should I bother asking for a CLI 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!
Labels: Chase Credit Card Offer
posted by CardRatings.com at 3:41 PM
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