Originally Posted by
moolman
I did mean to say that you should move it to another chase card... maybe...okay whatever doesn't make me sound stupid....haha...
I'm a old hand at this.... who remembers back a couple of years when AMEX had that flaw in their credit line increase system... I kept requesting increases until I hit $100k on 2 of my Amex cards, then I had a bunch of other banks match the $100k a month later... ahh.. the good old days before 2008.
I did eventually close my $100k limit SPG, I have 5 others that are $100k and I didn't want to pay the annual fee anymore for a card I never used and at that time they froze credit line transfers. BTW for the newbies reading this, I am not a millionaire, this was a fluke back in the day and that I was able to carry over and I think a bunch of others did too.
Since 2008 banks have changed their practice, part of it is due to the new laws that stemmed from the liar loans and massive default on the mortgages. Now the banks are HELD responsible should they extend more credit lines to customers who cannot afford to pay and then later default. Therefore some banks, Chase in particular, if the customer ask to lower the credit limit, the outcome is, it is hard-coded in the system that said customer does not need more new credit, and such ban would remain for 12 to 18 months. Learned this the hard way when I played by the old book in 2009 based on what had been working before... Things CHANGED.
Closing accounts do NOT equal to ask for lowering credit limit on an Active Card. You may have confused the 2 events which have completely different implication on your profile.