So irritated by Disney credit card I could just scream!

[Mrs Potato Head]

That is really strange that you got that. My credit is near perfect so my credit was not the problem. And I was also told by someone else that used to work at a CC company that it is BECAUSE I have another card that has such a high credit limit that they refused me.

Now that totally is the opposite of what your telling me. I just wish that I had an answer from them. When you tell me I don't "qualify" then yes, I am offended.

Kristine

If it was because of the other card, it must be the combined amount of outstanding credit Chase had an issue with. You said you were going to cancel the other card anyway, you could just do that and then go back to Chase for a credit increase

We did something similar. Our original limit was higher, but I wanted it higher again. We had a HUGE credit limit on another card that I'd had for 18 years, and I closed it...then went back to Chase and asked them to review. They asked how much we wanted...we picked our number.

Outstanding possible credit and credit scores are a big deal to Chase. And on-time payments are a big deal too....They are particularly picky about that!

 

[goalie5hole]

Ok, I will try and make this very short. First let me say that I don't need anyone responding with "must be nice" type comments. I am not bragging or shoving anything in anyones faces. This is just fact.

Ok, that said, here we go. I applied for a Disney CC a couple of weeks ago. My husband and I thought that we would change from our current credit card to the Disney one. Please note that I only have one visa card at a time. That is just the way I like it. When my card came I looked at my credit limit and it said $3000.00. What? Not going to cut it. So I called and asked to please have my credit limit raised to what my current CC limit is. $13,500. I was told that they had to once again tap into my credit reports to see. I said fine and went about my day. Well I just checked and they raised my credit limit alright. To a whopping $5000.00! So I called and asked why exactly I did not get the credit limit I asked for. The girl said that the notes said that I did not qualify for anything I higher. Are you kidding? I am not going to say how much I make a year but it is obviously enough for my Wells Fargo Visa to give me a $13,500 credit limit! And my only debit is my house and a home equity loan not to mention I have perfect credit. So I just told the girl to cancel my account immediately. I was so mad I could have spit nails!

I was planning on caneling the WF credit card when I got the Disney one but that would be stupid!

Anyway, I just had to vent because I think it is crazy that they will give people who are in debt hundreds of CC's but when a person with perfect credit rolls around they snub us. NICE!

Kristine

Don't bother with the Disney CC.They only give you 1% reward(much like most CC).You have to spend a ton of money to get anything substantial. For that,I don't think it's worth it.

 

[RobDoc]

The Disney VISA (Chase) will automatically increase your credit limit without a request based on your usage and payment history. If you want to make a larger purchase than your limit, you can call and ask for the increase. As noted, they do take into consideration any other credit cards you already have as well as other outstanding debt when assigning the initial limits but will rasie those limits without asking.

 

[keishashadow]

Just thought I'd chime in & mention the "signature" line of credit cards that are available to folks w/est. credit histories. You can do an online search to find them.

No $ limit is assigned to the account, nor listed on your credit report.

The card issuer does tell you upfront what the "magical" number is - if I ever chose to run it up, I'd never be able to make the min. pmt... but, by listing the credit line @ $0, it can help your overall credit snapshot.

BTW, cancelling established CC's is not always a great idea either. If you feel the need to do so, request that they be indicated "closed @ customer's request".

Good luck to the OP, credit scores are subjective & can vary greatly between the 3 credit bureaus...might want to check them all.

 

[buck4568]

We got the Chase Disney Visa when it was first introduced and got a $5000 limit. We use it for everything and pay it off each month and are now up to $20,000 limit.

So, it is like Doc said and the more use the card gets the more increases you will get.

I would just keep the WFVisa open and use it as a backup on the occasions that you exceed the Disney cards limits and eventually you will be able to close the other visa account.

 

[mamatojon]

Just thought I'd chime in & mention the "signature" line of credit cards that are available to folks w/est. credit histories. You can do an online search to find them.

No $ limit is assigned to the account, nor listed on your credit report.

The card issuer does tell you upfront what the "magical" number is - if I ever chose to run it up, I'd never be able to make the min. pmt... but, by listing the credit line @ $0, it can help your overall credit snapshot.

BTW, cancelling established CC's is not always a great idea either. If you feel the need to do so, request that they be indicated "closed @ customer's request".

Good luck to the OP, credit scores are subjective & can vary greatly between the 3 credit bureaus...might want to check them all.

This can work against you too, depending on how you use your credit. If you have a card that doesn't list a limit, the credit agencies use your highest balance as the limit when calculating your score. So if you charge up $8000 one month and then the next month only use $100, your score improves because you are only using 1.25% of your available credit. If the next month you charge $9000 and keep the balance, your score decreases (significantly) because you are now appearing to utilize 100% of your available credit. Even though there is no actual "limit", the high balance is used in calculating the score.

Bankrate.com has some excellent advice on tweaking credit scores. The biggies are don't ever close out your oldest account (your history is then re-aged) and don't utilize more than 20-30% of your available credit on any given card. Also, even if you pay your bill every month in full, you may still look like you are utilizing a high proportion of your available credit - all the credit agencies see are a snapshot in time of your balance, so it may look like you are carrying a high balance if you are paying off/recharging every month. If you pay the balance in full every month before the credit card co. reports it will look like a 0% usage of your credit and then that affects you negatively as well, tho not as much.

I also think that card issuers are more likely to grant limit increases to customers that carry a balance, it's not all about your credit score but also about how much money you are either making them or costing them. If you pay your balance in full every month and collect the rewards, then you are only costing them money and I don't think they will raise limits just to give more away, LOL. Not that I'm for giving Chase any more money, LOL.

 

[prez65]

I never want to worry about not having enough credit on my credit card....Thats why I carry AMERICAN EXPRESS....

Besides I never carry a balance....Unless the card offered a 0% for a time..I might take advantage of that.

I have a different card for each different scenerio...I use my DISNEY VISA for all my Disney charges and paying my dues...

I use my JETBLUE from AMEX for all my flights

I use my AMAZON VISA for all my Amazon purchases.

I use my BJ's Visa for all my BJ'S purchases.

etc. etc. etc.

But on everything else I use my AMEX...the reward points work out pretty good for Store Gift Certificates as far as the most money for my points.

Out of all my cards I like my Disney Card the least out of all of them...They really do not offer much as far as points...most of the others have double points when you use them to charge at the issuing companies....Just my 2 cents

 

[Dean]

Thanks Debbie! I think that you get what I am trying to say here. It is like you try and do everything right and you still get screwed anyway.


I cannot believe that they did that to you! You were robbed for godsake! Your right, it probably did not hurt them one bit to lose my business or yours. But it feels good to tell them to shove it and you will take your business elsewhere.

Kristine

They were within their rights and had their reasons. It's pretty normal stuff, especially with any outstanding credit possibilities like other CC and equity lines. When issuing additional credit, they look at it as if all the rest were maxed out. Maybe it wasn't the right move but now you've got at least 2 credit inquiries and a cancelled CC. I'm not sure how long the credit score reduction from a cancelled CC hangs on, the inquiries are about 6 months if I recall correctly.

 

[connorlevismom]

It really does not matter to me that the cancelled card and inquires are on there. I honestly don't do anything that requires anyone to check my credit on a regular basis. Gosh I cannot even remember the last time someone had to check my credit. I guess when I got my WF card.

And yes they within their right and had their reasons. But then TELL ME what the reason is! I called and asked why and all I got was "you don't qualify". WHY NOT?

Kristine

 

[Dean]

It really does not matter to me that the cancelled card and inquires are on there. I honestly don't do anything that requires anyone to check my credit on a regular basis. Gosh I cannot even remember the last time someone had to check my credit. I guess when I got my WF card.

And yes they within their right and had their reasons. But then TELL ME what the reason is! I called and asked why and all I got was "you don't qualify". WHY NOT?

Kristine

If you really want to know, write a letter and send it registered, return receipt. Explain that you want a detailed explanation. I doubt they'll give you the calculations and policy but they should be able to give you more info. The truth is the people you talk with on the help line don't have access to the info in most cases and likely don't know or understand if the could see it. If you change your mind, you can usually easily reactivate the card within one year.

 

[Caskbill]

Ours was different. I called and had them reduce our credit limit.

Our main card is a GM Master card, because of the 5% it pays versus the 1-2% for most other cards. (Yes, we're happy purchasing GM vehicles)

Let's just say the credit limit on that one is high enough I could charge a new car on it.

So that takes care of any major purchase.

We have two visa cards, the Disney card and a gas card. The gas card pays 5% when used for purchases at their station, 2% for lodging and restaurants, and 1% elsewhere.

The Disney card as everyone knows is 1%.

Both Visa accounts kept getting a larger credit limit. Seems like about every 6-months they'd raise one or the other. When both of them got over $10,000 I called and had each reduced to $3000. There's no way we'd ever spend that in one month for these 'secondary' cards.

We do pay off all the full balances each month.

They reduced the credit limits, no questions asked.

 

[Cruelladeville]

Chase cancelled me several years ago--I didn't use their card often enough. I had never heard of that before!

 

[drakethib]

Heck you never know.

We got $15k upon opening the Disney Visa account. I think a wek or two before I orderd my Disney Vosa I went to open a Circuit City Account because they were offering 10% a purchase if you open an account and I think they gave me a whopping $400 limit.

My wife and i both have credit ratings over 800.

So go figure.

 

[drakethib]

Chase cancelled me several years ago--I didn't use their card often enough. I had never heard of that before!

At one time I had a Chevron Fuel card and they canceled me for that reason.

 

[DBBN]

I understand your frustration but, you may have cancelled the card a bit prematurely especially if you were looking forward to the perks the Disney CC would have given you. It's possible you could have used the card just as you like with the 5K limit even if you routinely spend 15k or 20k or more each month. It just takes a bit of time and knowledge of how things work to make the card do what you want it to do.

If the Disney CC works like my Amex and my GM Mastercard the credit limit for those of us who pay in full every month doesn't mean very much at all. For that matter it's more of a transaction limit than a credit limit. I've used both my Amex (625 OKW points add-on during a targeted triple Delta Skymiles promo) and my GM Mastercard (US Saving Bonds, 5% rebate) to make 40K plus purchases. In both cases my credit limit is less than 40K yet I was still able to get the purchases charged to the respective card without a credit increase or special approval. How is it done? Simply prepay...send in a payment for the amount of the large purchase then as soon as the pre-payment appears as a credit balance you can make the large purchase so long as no single charge transaction ever exceeds your stated credit limit. In the case of my add-ons at OKW, DVD was happy to run 3 seperate charges of 13.5K rather than one 40K charge and in the case of the US Savings Bonds I kept the individual transactions below my stated credit limit. In both cases I more than doubled my credit limit on one statement.

This may be more work than you are willing to do but in my case it was worth it - for my trouble I got 120K Delta Skymiles and an additional $2000 in rebate for my next truck.

 

[greenban]

First, let me say that I am not a Chase fan.

Secondly, they have some very convoluted system, that uses much more than the FICO score. My score is no where near the 780 a previous poster reported, and yet Chase gave me and DW two new Disney cards with double the amount the PP received.

We now have 5 Chase Disney Cards (Not sure how that happened, they kept sending offers in the mail (Some ar Joint,Some are solo) with crazy terms, like 2.99% and 3.99% cash advance checks for the life of the loan. You can bet I jumped on them.

So what happens, I just about max out the cash advance lines, and Chase sends me a letter reducing my limit on one of the five cards (The ONE I use for everyday purchases!). Not too low to use, but annoying none-the-less.

So after a year or so of paying down the 'biggies' they raise the limits on them, so I request an increase on my everyday card, which is denied because of sufficent credit with Chase over multiple accounts!

I honestly believe that the guy who invented the ROFR equation works in Chase's Credit Limit Calculations department, and he is a twisted, sick, psycho-puppy!

YMMV!

What's in our wallet?

-Tony

 

[DBBN]

When you have multiple cards from one issuer they usually will allow you to "reallocate" your credit line from card to card. I would call them back and ask them to move some of the credit line from the cards with the balance transfers and recently increased limits to your everyday card. My guess is they'll do it for you. From a practical standpoint they're on the hook for your combined lines across all your Chase cards - I doubt it would matter to them which card has what limit?

First, let me say that I am not a Chase fan.

Secondly, they have some very convoluted system, that uses much more than the FICO score. My score is no where near the 780 a previous poster reported, and yet Chase gave me and DW two new Disney cards with double the amount the PP received.

We now have 5 Chase Disney Cards (Not sure how that happened, they kept sending offers in the mail (Some ar Joint,Some are solo) with crazy terms, like 2.99% and 3.99% cash advance checks for the life of the loan. You can bet I jumped on them.

So what happens, I just about max out the cash advance lines, and Chase sends me a letter reducing my limit on one of the five cards (The ONE I use for everyday purchases!). Not too low to use, but annoying none-the-less.

So after a year or so of paying down the 'biggies' they raise the limits on them, so I request an increase on my everyday card, which is denied because of sufficent credit with Chase over multiple accounts!

I honestly believe that the guy who invented the ROFR equation works in Chase's Credit Limit Calculations department, and he is a twisted, sick, psycho-puppy!

YMMV!

What's in our wallet?

-Tony

 

[Chuck S]

Chase cancelled me several years ago--I didn't use their card often enough. I had never heard of that before!

The GM card did that to me, years ago. Yet they keep sending me flyers to get a GM card, it isn't just Chase that does weird things, none of their right hands know what their left hands are doing...they are just too big.

 

[JerJan]

Three years ago I applied for a Chase Disney Visa and received it with a $10,000.00 limit. Keep in mind I applied for this card on my own and I am a STHM (stay at home Mom). Three weeks ago I applied for an AirTran Visa because we fly on their airline all the time (Iwant my miles!). Again, I don't work out of the home my card was approved and arrived within a week with a $20,000.00 credit limit! By the way I have NEVER used the Disney Visa card, we use the one that is open in both names with a very high credit limit as well. I sometimes think it just depends on "which way the wind is blowing or who's pushing the computer buttons on the other end" as to what happens with these cards!!!

 

[Judique]

Ahh, I opened a CC (same company as Disney offers theirs) with a zero % interest rate. Carried no monthly chargable balances on this card, paid off the balance each month. We had our house robbed, talking walked in our bedroom while we were in bed in the middle of the night robbed...got my purse and our 43" plasma tv (dh more upset about that, it was the weekend before the Superbowl). I pay my bills online....the payment to this credit card company (same as Disney) bounced. When I found out, I CALLED THEM, faxed over police reports, case #'s, gave them an immediate payment from another account I had. A month later, they started charging me interest!!!!!
The reason?!? Because my one payment bounced because our home was robbed and my purse was stolen and I had to close my checking accts!!!!! You can bet your bippy that my response to this CC company was to immediately close the acct-they can stuff their card where the sun doesn't shine!!! Do they care? Na.....Did I hurt their business? Na...but made me feel better. My advice to you! Don't even start with them.

Although I certainly didn't have the serious problem you encountered, Debbiepump, I agree whole heartedly with what you have to say about not giving Chase any of my business. They swallowed up two or three companies I had store cards through, changed the terms, etc. One was the old Disney card, another my Circuit City card, and a visa. I had no balances to worry about, but after reading the small print, I said no way and cancelled those cards. I now pay a small annual fee to have a rewards card and I feel I'm getting a lot more value from it. The only thing I liked about the Disney card was that it had the word Disney on it, so I passed on that one.