FlyerTalk Forums - View Single Post - Applying for Chase Credit Cards- Archived 2008-5/2015
Old Mar 2, 2012, 12:45 pm
  #495  
beltway
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Join Date: Feb 2003
Posts: 8,135
Originally Posted by Bachovas
Not a single gift card. 2 of the 3 cards at <5% utilization. Other card I was using for everything and got to about 95% utilization. Before they closed one of the <5% cards on Monday I was using about 35% of my total credit line with the bank.

Called and was told on Wednesday I became a financial risk. Have since payed all remaining balance. IMO, they just freaked out.
95% utilization is really not a great idea, IMHO. I'd try to move some of the credit lines around to avoid that if I wanted to use one card that much.

That said, I'm curious whether you had a lot of new credit, or high utilization ratios, with cards from other issuers. As I recall, somebody wrote to FTG a week or so ago saying Chase has closed him down because he'd opened a number of new accounts -- which were apparently the proverbial straw that broke the camel's back -- with Citi.
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