Venomz

I think I'll just move credit around in the future from my other card.

Definitely will not ask for an increase

Jason77

I wouldn't worry about going over your limit since the JPMR card isn't reported to credit bureaus. So utilizing 100% of your line shouldn't matter. I have a $60,000 line and I've had a month where I charged $120,000 no problems
I guess if you really needed to you can close another chase card and have that credit line applied to the reserve

cce5858

Are you sure you charged $120,000 without a problem? My credit access line is $90,000 but I want to buy a car on this card (if the dealer finally obliges). That would put me $20k over the credit access line but I would immediately pay it off, I want the points. So if you were able to charge double your credit access line that is really optimistic. I did not want to appear as a risky cardholder for going over the limit like that.

Does anyone know if this feature is unique to the JPMR? I would much rather do this on my Freedom Unlimited for the 1.5 points.

747FC

Your ability to exceed credit access is easily determined by calling chase. You will be surprised what you learn re JPMR, and not so much re Freedom.

Magic Pickles

See #1209; you should have no problem on JPMR. Other Signature and Infinite cards also let you go over access line but likely not as much as JPMR.

dlesin

You should be fine but you can always keep them on the phone when doing it if it alleviates your concerns during the process. Your dealer I assume will want you to cover the CC fee and sign a paper of some sort discharging your right to do a chargeback, dispute, etc but otherwise I don't know why they won't take it? I have never been told no trying to do it if I offered up front to do those 2 things.

Jason77

The card is designed so you can go 3x over your limit. It doesn't report to credit bureaus so I don't really worry about it. My ink card is the same way with being able to charge over the limit. I wouldn't want it going over my limit on regular reported credit cards. If JP has a problem with it I'll move over to Amex. You would be surprised how much they will let you charge without phone calls etc. If you have a 100k charge you could us Amex plat for 1.5 MR. if not I suppose you can see if your line can get rolled over to freedom.

747FC

Just curious about your opinions concerning why the JMPR engraves account information on the card's front, while the CSR chooses to keep a cleaner look by placing the information on the back?

Venomz

I've put 50k down on a car on my freedom. But I called in advance, they made note, and accepted payment. I paid it off 4 months later (8% interest), the tricky part is finding a dealer who would accept such a large amount. Most will not take over 5k, let alone 10k for many reasons.

Venomz

Me personally, the JP looks and feels everything it should. I like th digits in front. It's the perfect card, without the engraving imo.

bribro

Heads up, if you try to reallocate $100k or more in credit, it triggers additional, manual reviews (happened to me twice). Easiest thing to do is just have your JPM or CPC guy request the limit increase/reallociation on your behalf - let them deal with talking to lending services.

As others have said, you can charge at least 3x your credit access line no problem. I've never had a charge declined, even six figure ones. My understanding is that POS purchases should never be declined as long as you are under 3x your CAL. Anything that triggers a fraud alert is supposed to be dealt with later, not at the time of purchase.

JPM Palladium had the same 3x feature as JPMR. JPM Select had 2x. Other NPSL cards are YMMV.

Good luck letting a dealer charge an entire car to your card without some kind of extra fee. If they let you do it, it probably means you didn't negotiate well since they could afford to eat the CC processing fees and still make a profit.

Why would you ever revolve a balance?

Magic Pickles

Do you mean "six figures or more" rather than "more than six figures"? (e.g. $100k or over rather than $1MM)

How about if this was requested via SM rather than calling?

bribro

Six figures or more. Edited. ^

I've never tried to do a reallocation via SM, so don't know.

cce5858

Annoying dealer only allowed me to put $15,000 on the card and also the title and registration fees. But I chose a different 911 off the lot and it was $3000 cheaper, so I guess I am ok. But thanks to everyone letting me know how I can use this card...I don't think I will be going over my limit anytime soon.

schalliol

Congrats on the 911! Hard to beat that choice.