Credit card limits per bank + bonus question

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ajacks108
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Credit card limits per bank + bonus question

Postby ajacks108 » Tue Apr 15, 2014 11:31 pm

Just a quick question: i have a chase slate chase united mileage explorer and chase freedom. Im thinking of applying for the csp. Is there a chance i get denied because of the amount of cards i have with them already? I think someone told me that if i have a large total line of credit with them they may say no because i already have 18k cl in total between all three cards.

Options. Apply and see. Or cancel slate and then apply.
Bonus question: i heard some people had luck with getting their af waived after the initial first year. Any best practices in terms of getting that done?
[size=80]Amex Premier Gold
Chase Freedom - CL $8,000
Chase United Mileage Explorer card - CL $6,900
Banana Republic - CL $4000
Chase Slate - CL $3,000
Target - CL $2000
Ann Taylor Loft - CL $1000[/size]


linuxmachine
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Postby linuxmachine » Tue Apr 15, 2014 11:45 pm

The current promo for the CSP is no fee first year

MemberSince99
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Postby MemberSince99 » Wed Apr 16, 2014 6:45 am

Yes, if your total limits across your cards is already all that Chase is willing to lend you then you could get declined for that. However you could probably convince them to move limits from one of your other cards if that's the case on recon. I would not cancel slate then apply because you should be able to move limit if that's the issue.

ajacks108
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Postby ajacks108 » Wed Apr 16, 2014 8:04 am

linuxmachine wrote:The current promo for the CSP is no fee first year


To clarify I meant after the first year. For example on the United Milage card i heard some people have called in after the initial one year and somehow got the $95 charge waived or 15k miles to keep the card?

And thanks Member so i guess i'd have to see if i get declined. call in to see why and if its cl then ask if i moved cl limits from other cards if it would get accepted.
[size=80]Amex Premier Gold

Chase Freedom - CL $8,000

Chase United Mileage Explorer card - CL $6,900

Banana Republic - CL $4000

Chase Slate - CL $3,000

Target - CL $2000

Ann Taylor Loft - CL $1000[/size]

linuxmachine
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Location: los angeles

Postby linuxmachine » Wed Apr 16, 2014 11:55 am

ajacks108 wrote:To clarify I meant after the first year. For example on the United Milage card i heard some people have called in after the initial one year and somehow got the $95 charge waived or 15k miles to keep the card?


usually the process is you tell them you want to close your account, and either they will counter with a retention bonus, or just let you close it. if you simply ask for retention, chances are very high you won't get it. furthermore, chase has been very stingy with the CSP in terms of retention. they tend to let people walk away most of the time.

mrow
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Postby mrow » Wed Apr 16, 2014 12:22 pm

Chase doesn't have a defined max amount of credit they'll extend you. Well they might but it's probably very high. Like everything else it all depends on your credit report. I have a $40,000 limit between my two Chase cards. $21K CSP and $19K Freedom.

ajacks108
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Location: nj

Postby ajacks108 » Wed Apr 16, 2014 3:16 pm

So if i call tell them i'm cancelling and they say okay. I just hang up and call again and try someone else? hahahahahaha.

Thanks for all the advice guys appreciate it.
[size=80]Amex Premier Gold

Chase Freedom - CL $8,000

Chase United Mileage Explorer card - CL $6,900

Banana Republic - CL $4000

Chase Slate - CL $3,000

Target - CL $2000

Ann Taylor Loft - CL $1000[/size]

JoDa
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Location: United States

Postby JoDa » Wed Apr 16, 2014 7:37 pm

I have a friend who had much success in getting the AF waived on his UMP year after year (3 years fee-free at last call), but have yet to hear the same from CSP holders. Among my friends, we tend to earn far more than the AF in rewards on the CSP, and that should always be a consideration. Sure, they're looking for suckers who won't earn hundreds of dollars worth of rewards while paying the fee, but you shouldn't be that sucker...

Also, on the limit front, if Chase has a maximum, period, it's high. I have another friend with over $50K on his CSP, and I have over $30K between the two. If that presents a problem, I'd suggest what others have, call and ask if you can transfer over some of the line from another card.
CSP $19K
BOA $4K
UMP $11.5K
Target Visa $1.5K

ajacks108
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Location: nj

Postby ajacks108 » Wed Apr 16, 2014 11:02 pm

App'd for the csp got a 14k line :) . Joda what did u friend say for the ump i kinda want to do the same. Any magic words?
[size=80]Amex Premier Gold

Chase Freedom - CL $8,000

Chase United Mileage Explorer card - CL $6,900

Banana Republic - CL $4000

Chase Slate - CL $3,000

Target - CL $2000

Ann Taylor Loft - CL $1000[/size]

takeshi
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Postby takeshi » Mon Apr 21, 2014 8:42 am

ajacks108 wrote:Is there a chance i get denied because of the amount of cards i have with them already?

There's a chance but not based on number of cards. Total credit extended is more likely. If that's the case you can shift limits around.

mrow wrote:Chase doesn't have a defined max amount of credit they'll extend you. Well they might but it's probably very high.

They definitely have an internal limit for each person based on credit. I've bumped into it for myself and wouldn't refer to it as "very high".



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