palhockeymomof2
DIS Veteran
- Joined
- Nov 14, 2001
I don’t look at my cash advance limits so hadn’t notice... but looking now my CSR the credit limit is the same $10,000 but the cash advance limit was reduced this month from $2,000 to $500...so in line with your reductions of 20% to 5% of the credit limitHas anyone else noticed their cash access lines for Chase being drastically cut? I just got a bunch of statements, and noticed that on two of my cards that have only a $2000 charge limit, the cash advance amount was cut to $100. It had been only $400, which was an amount they had lowered it to from $1000 when I requested to lower my credit limit. That first decrease, I understood. Also, it was pre Covid when I lowered my limits and they first cut the cash access line.
Then, on a Reserve and a Freedom with limits of $12300 and $13000, the lines were cut to $615 and $650. Haven’t checked my two SW cards yet.
Credit limits haven’t been cut (yet). I don’t carry a balance and credit score is over 800. I have no intention of using the cash advance feature, but it was still pretty shocking to see $100 on two of my cards. And once again, no notice from Chase that I could see.
This is probably just a general tightening of credit, but ouch! Even though it was not something I ever planned on using, it was nice to see it there. Just wondering if anyone else has noticed this on their Chase cards.
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