Lowering credit limit on Chase cards

Until recently, it’s been ages since we’ve gotten an instant approval on a credit card application. I miss the days where I didn’t have to call recon or wait for a pending application to be approved. Since banks will only extend a certain amount of credit based on your income, you’ll generally hit a point where the computer can no longer approve you instantly. If you’re applying for a new card with Chase, I think it’s a good idea to lower your credit limit on other cards before doing so. Here’s what you need to know about lowering your Chase credit card limits to increase your odds of automatic approval.

How do I lower my credit limit?

Lowering your credit limit on Chase credit cards is easy. Simply send a secure message asking to lower your credit limit. You don’t need to provide a reason. Within 12 hours or so, an agent will reply saying your credit limit has been updated and is effective immediately.

Chase Secure Message
It’s as easy as that!
How much should I lower my credit limit?

I’m in favor of bringing the credit limit down substantially to free up more credit to open the new card. However, you shouldn’t make your new credit limit too low in case you do have to call recon. One of the easiest ways to get approved when calling recon is to offer to move credit from an existing card in order to open the new card. The minimum credit limit to open a Visa Signature credit card is $5,000. If my existing credit limit is $32,000, for example, lowering it $10,000 makes sense because I’ll have enough credit to move to open the new card while maintaining a $5,000 credit limit on the existing card.

Won’t this impact my credit score?

Yes, lowering your credit limit can impact your credit score since part of the calculation is based on utilization. If you have more credit extended to you, the lower your utilization ratio will be. If you are a churner, you likely have a lot of credit cards with a lot of credit extended to you so lowering your credit limit on one card won’t have much of an impact.

Does this actually work?

In my (limited) experience, lowering your credit limit does help improve your chances of an automatic approval from Chase. For example, the last three Chase cards we got all required calls to recon. This time I decided to lower some of the credit limits and I’m happy to report we go approved automatically. Calling recon takes time (that I generally don’t have), so any little thing to speed up the process is worth it for me.

Chase Automatic Approval
I’ve missed seeing this screen!
Final Thoughts

Lowering your credit limit on Chase cards before applying for a new card may help you receive an automatic approval. If you don’t receive an automatic approval, call recon and offer to move credit from an existing card in order to open the new card. Keep in mind that depending on how much credit is extended to you, there could be a small impact on your credit score.

Have you had any luck getting an automatic approval by lowering a credit limit at Chase or any other bank?

6 thoughts on “Can a Lower Credit Limit Help You Get Approved for a New Chase Card?”

  1. Be careful with new Chase apps, I recently went through hell to get my accounts reinstated. milesperday has talked about it alot recently.

    1. I applied for the card two days after lowering the credit limits. I believe you should be okay to apply for the new card once you receive confirmation that your credit limit has been lowered.

  2. I lowered the credit limit on my Reserve card by $10,000 in anticipation of some new applications. A few days later I applied for 2 cards and had to call recon on both. For both cards, I had to move credit from my Freedom card to get them opened. Loss of $10,000 in available credit for me.

    1. Thanks for sharing. It’s definitely important to hear about scenarios when this doesn’t work out. Everyone should tread lightly with this method since the data points tend to go both ways.

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