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Credit Cards Data point: Chase Reserve

Discussion in 'questions. answers. conversations.' started by MMM, Mar 9, 2017.

  1. MMM

    MMM Member

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    So by saying ok to moving credit, does that mean they didn't give me any new credit at all for the Reserve? I'm just relying on the credit I moved over, which isn't that much? If so, that's not good for my utilization ratio & seems so little for a premium card.
     
    #21
  2. Gaurav

    Gaurav Well-Known Member

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    Well, how much credit did you move over and what was the CL for your CSR?
     
    #22
  3. MMM

    MMM Member

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    Just moved $10k. That's the part I'm not sure about upon reflection. If agent meant that's my total now or if there's more from them on top of that. Just meeting minimum spend alone will put me around 40% utilization for that card if that's the case.
     
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  4. David W

    David W Well-Known Member

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    If you had to move 10k and your CSR line is only 10k that might mean you were at your limit with Chase in terns of overall credit limits.

    Also, It's only 40% utilization on the card if you're charging it all at once and not paying it off when the bill is due. Keep in mind that credit utilization for your credit score is the ratio of balance against the total of ALL your lines of credit.
     
    #24
  5. Gaurav

    Gaurav Well-Known Member

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    Agreed, I wouldn't worry about it too much as long as you are paying your bills on time. As @David W says you won't charge it all at one time normally and it's across all your cards. Even if you did charge it all at once, it'll bounce back as soon as you pay it off.
     
    #25