Originally Posted by
Learning2Travel
Player 1: Chase seems to be pretty happy with approving us, although seems to be slowing down since last 2 approvals were only $5k. Wondering if I should keep pushing until I get a denial or back off now. I'm currently at 5/24 and will be at 4/24 July 1st. Thinking of applying for an Ink Cash then.
Total current Chase credit limit is 20% of combined household income.- 3/2023 Sapphire Preferred, instant approval ~$20k
- 7/2023 Ink Preferred, instant approval ~$20k (self lowered to $2k)
- 11/2023 Ink Unlimited, instant approval ~$20k (self lowered to $2k)
- 4/2024 Ink Unlimited instant approval ~$5k
Player 2: Similar situation, technically at 5/24 but 5th card hasn't been reported to credit bureau yet. Thinking of trying to sneak in a 3rd ink card at 31 days this month if still at "4/24".
Total current Chase credit limit is 13% of combined household income. Thoughts?- 4/2023 Sapphire Preferred, instant approval ~$20k (self lowered to $5k)
- 8/2023 Ink Preferred, instant approval ~$20k (self lowered to $1k)
- 4/2024 Ink Unlimited, instant approval ~$5k
But I still have a question. If you are okay with putting in more detail, I am really curious what you will come up with. You have great records as a starting point. Ill put the Q's in linear form so feel free to short in an answer right beside it.
Do you see any limits related to Gross Business income and single or combined credit limits?
Do you see any other trends between income(s) and credit lines?
Do you see any relationship or rules of thumb in gross business income and number of cards allowed?
Do you see any trend worth mentioning that would be especially relevant to 10K Gross Income and 150K total income?
If anybody else out there has solid leads on these points, feel free to answer as well. TY!!