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- Location: Denver
RidgeRacerJM wrote:I've read on some other websites that after a year of ownership, Chase will often times increase your credit limit. My current limit is $2000. The highest balance I've ever carried was $1040. But my average statement balance is $500. All of which I've paid in full.
Did I shoot myself in the foot with that high balance even tho I have never missed a payment and have paid all my statement balances in full?
Can I expect a credit limit increase from Chase after the completion of 1 year?
Thank you for reading this.
Many bankers will not increase your credit limit unless it looks like the one is not sufficient. Since the highest balance was only $1040, the credit line you have got appears that it is doing just fine. If you maxed out $2k every month and paid it off, then they might increase it by $1000, and see how you handle that amount.
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