Does Chase do financial reviews?

Discuss the Visa & MasterCard payment networks as well as cards that operate through them.
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kcarter609
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Does Chase do financial reviews?

Postby kcarter609 » Thu Sep 27, 2012 9:50 am

I got approved for the Freedom around the middle of August with a $3k limit, applied for $5k limit immediately, got approved.

Since I got the card, I've spent ~$2,800. I already made one payment for $575, another one is pending for another $525, and I'm going to the bank tomorrow to pay the rest in full. My first payment is due 10/5/12, but I'll have it PIF before then and continue to use it.

I'm just wondering if they have ever FR'd anyone for stuff like this, because I can't prove my income...

Thoughts?

Active Cards:
Chase Freedom 10+10 Visa Signature ($9k Limit - 8/2012)
Chase Sapphire Preferred ($10k Limit - 2/2013)
Chase Ink Plus ($7k Limit - 2/2013)
Discover IT ($9.5k Limit - 10/2012)
AMEX Zync (No Pre-set Limit - 1/2010)
AMEX Blue Cash Everyday ($20k Limit - 1/2013 - Backdate to 1/2010)


jeffysdad
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Postby jeffysdad » Thu Sep 27, 2012 10:00 am

I think only Amex does that. Keep paying your bills early/on time and you shouldn't have a problem.
American Express: Blue Cash Preferred (groceries, 6%; gas, department store, 3%); Gold Delta SkyMiles (Delta Air Lines, 2 miles/dollar, free checked bag).
US Bank: Cash+ (utilities, phone, internet, restaurant, 5%; drugstores, 2%).
FIA Card Services: Fidelity Amex (everything, 2%); Fidelity Visa (everything, 1.5%).
Chase: Freedom (rotating, 5%); Amazon (Amazon.com, 3%); PriorityClub (IHG hotels, 5 points/dollar); Sapphire (not in use).

*All cards are registered with PriorityClub IDine program for 8 points/dollar at participating restaurants.

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Snowman
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Postby Snowman » Thu Sep 27, 2012 10:13 am

carter- How much did you put at your income? because as Jeffy's dad has said I think only Amex does that as well, but you never know...
Bank Of America: BankAmeriCard Cash Rewards-4.2k
Citi: Forward-4.5k American Airlines Advantage Platinum Select World Elite MasterCard 9/6/15-4K
Discover: More-7k
Amex BCE.2k- Amex SPG-5k
Chase: Freedom-5kSouthwest Rapid Rewards Plus- 3.6k
Capital one: Venture one-10,000, Visa Signature.

kcarter609
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Postby kcarter609 » Thu Sep 27, 2012 10:44 am

Snowman wrote:carter- How much did you put at your income? because as Jeffy's dad has said I think only Amex does that as well, but you never know...


45k. Side note -- How do I avoid FR with AMEX when I get the BCP? I have a 3 year history with them. I figure as long as I don't spend anything crazy the first 6 months or so, it should be fine, right?

Active Cards:
Chase Freedom 10+10 Visa Signature ($9k Limit - 8/2012)
Chase Sapphire Preferred ($10k Limit - 2/2013)
Chase Ink Plus ($7k Limit - 2/2013)
Discover IT ($9.5k Limit - 10/2012)
AMEX Zync (No Pre-set Limit - 1/2010)
AMEX Blue Cash Everyday ($20k Limit - 1/2013 - Backdate to 1/2010)

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Snowman
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Postby Snowman » Thu Sep 27, 2012 1:28 pm

Well as long as you have the funds to back it up you should be okay. For example let's say you want to buy a laptop and a new phone on the same day, but you only make about 20k, and usually in a month you spend only 500, that's when you're going to get FR'ed. Because they want to make sure you have the funds and you won't go overboard. My dad, for example, has a friend that remodels restaurants. Now because of that he buys all of his stuff on an AMEX business card, and typically he spends about 70-80k to do the remodel (buy the materials, labor, etc) and at the month, the owner will pay him back (i.e. pay him 9-10k a month). So AMEX knows they will get their money back soon. My point is as long as you can pay for it and don't go outside of your spending pattern to much you should be okay. I have another friend that pulls in about 12k a year, and he has an AMEX Zync, as long as he doesn't go overboard, they probably won't ask to see his paychecks and Income tax returns. Just be careful and honest.
Bank Of America: BankAmeriCard Cash Rewards-4.2k
Citi: Forward-4.5k American Airlines Advantage Platinum Select World Elite MasterCard 9/6/15-4K
Discover: More-7k
Amex BCE.2k- Amex SPG-5k
Chase: Freedom-5kSouthwest Rapid Rewards Plus- 3.6k
Capital one: Venture one-10,000, Visa Signature.

Gamma
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Postby Gamma » Sun Sep 30, 2012 1:12 am

kcarter609 wrote:45k.


When you applied, did you put down 45k as your income? Did you put that same amount when you asked for an increase? What did you put down as reason for increase?



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