Robrus1 wrote:Thanks guys. I applied and was approved, but I'm about at the end of what lenders will give me at the moment.
How are you determining this?
Robrus1 wrote:I'm about to close several cards because I have too much available in ratio to my income IMO.
I wouldn't recommend assuming that unless it's listed specifically as a reason by a creditor.
Robrus1 wrote:I was approved for less than 5K and given the highest interest rate, which I'm really unhappy about. My scores have taken a hit because I paid for a wedding in October, and some high balances reported.
There's the problem. Your credit and income determine not only the approval but the APR and limit as well. Utilization is a significant risk factor and applying with high utilization can certainly lead to higher APR's and lower limits.
Robrus1 wrote:Also, am I stuck with that crappy interest rate forever?
That's what a lot of people seem to experience with Chase but it's certainly worth a shot to see if they'll drop it.