Relatively new and need advice

For just about anything you want to get off your chest about credit cards.
1 post
Posts: 1
Joined: Thu Mar 14, 2013 4:56 pm
Location: Los Angeles, CA

Relatively new and need advice

Postby rdubs23 » Thu Mar 14, 2013 5:25 pm

Hello everyone,

I've been browsing this site for the past few days as I've had some questions regarding my own credit cards. I'm 22 and still relatively new, I currently have two cards:

Chase Freedom ($400 limit)
US Bank College Visa ($800 limit)

I stupidly got the US Bank Card when I was in college and had little to no income, I had banked w/ USBank for quite awhile and I was pre-approved, sounded like a good idea at the time. I carried a balance higher than I should have been but still always made my payments on time. I recently moved to California, and due to US Bank's being more scarce around here, I switched my checking and savings over to Chase as well. I was told I qualified for the Freedom Card and figured I would take it and pay off my US Bank College Visa and only use it for a small purchase here and there.

I have been banking with Chase and have had the Freedom for roughly 5 months, I do not pay in full every month, but I do pay approx. $150 a week to keep the balance low (I am paid weekly). I have inquired w/ Chase about a month ago for a Credit Line Increase and was declined, I do not want to inquire again for fear of having too many inquiries in a short period of time.

I also have a car loan and student loans, both of which are co-signed by my parents. I am having trouble understanding why I was declined. I have a solid income (40k + commission) and my girlfriend, who makes about half of that, recently had her Chase Freedom increased from $1000 to $2500 and was also approved for the Slate from Chase w/ a $3500 CL. She has banked with Chase for almost 2 years.

Any idea what the issue may be? Is it due to the fact that I do not have much history with Chase? Is it because I carried a high balance on my US Bank card for too long, despite never missing a payment? I have since paid that USBank card off and rarely, if ever, actually use it.

Thanks in advance for your help!

Return to “General Credit Card Talk”

Who is online

Users browsing this forum: baintyj1 and 3 guests