I was approved in Nov 02 for a Chase Platinum card with a $2k credit line. Well after doing a 5.99 bt (1yr) of $200 to make the balance $620, chase decides the review my credit report and lower my credit limit to a tiny $800! I am angry with Chase right now and have transferred my finances to another lender. My question is should i continue to keep the account open with a little balance hoping that they review it whenever to increase the credit limit or dump them. Well, I now the ration of why the limit was decreased because on my cr report my overall utilization is at about 55-60% but guess what I do not make 100K year so I cannot pay off debts in one year. Whats your advice on this chase account?
