Disparity between credit limits of newly approved cards

QuestionsDisparity between credit limits of newly approved cards
asked 3 years ago

I’ve recently been on an app spree since I got my first credit card (BofA, $ 2000) a year ago. Of the applications that have been approved, the lowest credit limit extended is for $ 1,000 (Amex) while the highest limit extended is for $ 12,5000 (Chase; in fact I was approved for two Chase cards totaling $ 22,500 in credit). 

 

I’m not really upset at this situation but just curious as to why one lender would be willing to extend me more than twenty times the credit as another? Has anyone else had something similar happen to them? 

Register New Account
Reset Password