"Approved-Low Limit"
Slate® from Chase Review
Written by: loveinlifenkc on 2012-06-02
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loveinlifenkc's review: 
Initially declined- stupidly entered my salary as my rent. Got a letter stating "Income too low for obligations" - which was really weird. So I called- was approved for $200 credit limit. Of course I asked for a higher CL- was told in order to have limit raised would have to have another hard pull. I was reluctant but agreed. Even though my rent was corrected at the time of the hard pull- it had not been cycled through the system. A little annoying cause you would think they might suspect that BEFORE they pulled again. Anyway- when the card came (with $200 limit) I called again- asked for a credit limit of $2000 to match my Discover. Only approved for $1500. Good news is this was not another hard pull. Not really excited about this one. Partly my own fault.
Pulled Equifax- score about 720 at the time. Had about 8 inquiries however 5 were from a recent auto loan. Up side is 18 months interest free financing. $5 fee for balance transfers. May transfer Walmart and Penny's small balance just to start using te card and take advantage of the free interest.
Luke warm excitement. Gardening
Initially declined- stupidly entered my salary as my rent. Got a letter stating "Income too low for obligations" - which was really weird. So I called- was approved for $200 credit limit. Of course I asked for a higher CL- was told in order to have limit raised would have to have another hard pull. I was reluctant but agreed. Even though my rent was corrected at the time of the hard pull- it had not been cycled through the system. A little annoying cause you would think they might suspect that BEFORE they pulled again. Anyway- when the card came (with $200 limit) I called again- asked for a credit limit of $2000 to match my Discover. Only approved for $1500. Good news is this was not another hard pull. Not really excited about this one. Partly my own fault. Pulled Equifax- score about 720 at the time. Had about 8 inquiries however 5 were from a recent auto loan. Up side is 18 months interest free financing. $5 fee for balance transfers. May transfer Walmart and Penny's small balance just to start using te card and take advantage of the free interest.
Luke warm excitement. Gardening
1 Comment
Comment 1 by wanderer
Re: Approved-Low Limit 
on 2012-06-04
Welcome to Chase! You turned this into a positive. FICO Score good. Work the card and see if Chase will increase the CL.
on 2012-06-04 Welcome to Chase! You turned this into a positive. FICO Score good. Work the card and see if Chase will increase the CL.
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Disclaimer: This content is not provided by Chase. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by Chase. Review content is powered by Finance Globe.
