Tuesday, February 12, 2008

Jiminy Crickets, Chase!

What made you raise my credit limit from $1,500 to $6,500? You more than tripled my line of credit overnight. Are you thinking this will make me pay you finance charges? I guarantee that it will not. I am not that kind of girl, Chase, so you can keep your extra five grand to yourself. And don't sit so close. I don't trust your intentions with me.

Your friend (but don't think I owe you anything!),
English Major

12 comments:

Mrs. Micah said...

How about you use your new powers to make them give me a credit card? ;)

Megan said...

Actually, that's not a bad thing. An increase in your available credit, as long as you're not using it, can increase your credit score, as part of that is the ratio between used credit to available credit.

Shuchong said...

Hahaha... same thing happened to me. I got a note in the mail yesterday saying that I now have a $3,500 credit limit. And this is after I had to fight them tooth and nail to get them to increase it to $2000 two months ago (so that I could buy an international plane ticket and put it on my Amazon visa). Mysterious are the ways of the credit card companies.

SavingDiva said...

I agree with megan. The unused credit will help your credit score. Just make sure to not to use it! :)

mfaorbust said...

'Tis the quarterly-credit-review season--one of my cards just upped me from $1,800 to $8,000. Yeesh. But as other commenters have noted, more available credit ain't a bad thing.

Strange Bird said...

My limit keeps increasing by $500 every few months. It makes me a little nervous that they don't need my permission to raise my limit, but I guess it's not really a bad thing as long as I never plan to charge $9,500. Or $10,000. Or whatever it is now.

PiggyBankBlues said...

wow, your credit score just got a boost... hey, call them up and try to lower your APR, mention paulson by name :)

Anonymous said...

I wish my limit had never increased past $1500, the limit on my first credit card. Then I wouldn'nt be in the mess I am now. :) My Chase card has a $20,000limit (none of which was requested by me), and before I became dedicated to paying it off, I ran it up to $13K and some change. (Over a period of many years, mind you.) It's under $10K now and decreasing. Now if I could only get them to reduce my interest rate...

emilyg said...

My co-worker's credit limit with her Bank of America card recently jumped to $25,000, and she freaked out and said the same thing. Who really needs that much credit? Maybe they're hoping that big number will daze you and tempt you to use it for a big splurge or something.

RICH said...

It's a good reflection on you that they raised your limit. It's even better if you don't use it and keep it as 'credit' and not 'debt'. Just for fun, you should call them up and tell them to raise it even higher. :)
But serious, the less you use credit cards, the better. As much as possible, if you ain't got it, don't spend it.-Rich

PayDaze said...

Oh, I hate Chase! I opened up an account with them to take advantage of a free $100 offer but I'm moving back to WaMu soon.

I just realized they charge $3 to do external account transfers and at WaMu it's free. I opened an HSBC savings account and plan to transfer money over monthly, so Chase is out...

When you get a chance, come visit the new blog I started with two coworkers: http://wesorich.blogspot.com

Have a great weekend,
PayDaze

rama said...

Temptations to incur debts come in various forms. One very alluring yet treacherous temptation is the Credit Card.

Yes, the credit card is such a temptation for both young & old. It was for me. God knows how hard it is to have financial debacles. I know the feeling well having been neck deep in liabilities before. I consulted all the so called debt eliminator experts out there. Whoa! It was definitely a nightmare! So, I persevered & scrimped & saved to be able to fully pay my debts. And, eventually, I did won over my debts ;)