Originally Posted by
jjmiller69
I've never had a pending review until a couple of weeks ago. I had never called and didn't really want to. But I did and after a couple of minutes talking to a CSR we moved some credit from a card with $30,000 CL and instantly approved. I waited 3 days after the pending notice before calling. 2 days later I recieved a letter saying sorry but denied, dated the day before my call. 3 days later I recieved the CC's. So if I hadn't called it would have been denied and I would have had 1 Chase card with $30,000 CL instead of now having 1 with $20,000 and 1 with 10,000. It was easy , painless and worked.
PS I have a 801 credit score, I think they have limits and mine was all on one card?
Yes they do have limit, not on one card, but the combined total of all your cards - that is what is referred to as "Total Exposure". The words are self-explanatory enough I think.
Chase model often works this way, it figures out how much total credit it could extend to the applicant, existing credit lines on other cards are subtracted, leaving the room (if there is any) for the new card. One time husband got a $2000 line on a CO card (downgraded from the version applied) because that was that much left that Chase could give. The other quirk is, Chase would give you almost ALL the credit you could get, on the application and leaving you no room at all for any more application. This is your case here.
Even if you are denied, you could still call and the denial would be reversed if a reallocation of credit line is all it needs.
I always proactively call after 24 hours - when the application is "verified" by the system and the computer model has spit out whatever is needed - usually due to maxing out total credit extended based on stated income.
After a while you know how much credit in total EACH bank is willing to extend to you. Keep in mind that each bank also sees other banks' credit line to you by ways of credit report details.
This is not a game you are totally in the dark. Using some intelligence and common sense, you often can figure out what to expect and act accordingly.