My credit limit is similar to what I have from the Bank of America 2.625% card. It’s a healthy amount.How much was the initial CL and how much did they end up finally giving you?
I opened the savings account, with my credit locked, before I unfroze it a few days later to apply for the credit card. There was no problem opening the savings account with locked credit. They told me that they didn't know which credit bureau would be pulled for the credit card, but like the above post, it turned out to be Transunion. I unlocked all 3 credit unions for 3 days. On the day after I applied for the card, I called and they told me my the amount of credit they were granting. I suggested that I needed double that amount, and they said they'd send my request to "underwriting", but would have to do another credit pull. I told them that my credit would automatically "'relock" soon. Within a few hours they approved my request in full. I can now see on my Chase credit card account, in the area that gives your credit score and other credit info, that Transunion did a "Consolidated" credit pull on the date. It sounds to me like the term "Consolidated" means the two credit pulls only count as one "ding". I have no other "Consolidated" credit inquires shown.
For what it's worth, I thought that having the $100,000 at USBank before applying for the credit card would get me a higher line of credit. That did not initially happen...from what I read here and just a gut feeling, they would have given me that same, initial line of credit even without the hundred grand there. I do think that having that money already there helped my case when asking for double the credit amount.
I have a bunch of things where 4% CB means I can pay via CC, vs. right now I cap out at 2.625%, so I am strongly considering getting the Smartly Visa (and jumping through all the hoops). But it would be a big waste of time for me and a waste of a credit pull if the CL was really low. Realistically I probably would need $20k+ to even make this worth my time.
Statistics: Posted by Leesbro63 — Thu Jan 09, 2025 5:03 pm — Replies 1516 — Views 129400