The Chase Freedom credit limit is at least $500. So everyone who gets approved for Chase Freedom is guaranteed $500+ in spending power, and you could get a lot more. Especially creditworthy customers can get a Chase Freedom credit limit of $5,000 and up.
Depending on what Chase Freedom credit limit you get, you’ll receive either a Visa Platinum or a Visa Signature card. If your limit is less than $5,000, you get Visa Platinum. If it’s more than $5,000, you get Visa Signature. Signature cards have more network benefits – travel accident insurance, trip cancellation insurance, lost luggage reimbursement, purchase protection and so on.
Chase Freedom Credit Limit Info:
Minimum Limit If Approved: $500
Chase Freedom Visa Signature Limit: $500 - $4,999
Chase Freedom Visa Platinum Limit: $5,000+
Basis for Limit: Credit history, income, and debt
The Chase Freedom credit limit that you start off with isn’t necessarily your limit forever. Chase will routinely evaluate your account to decide whether you deserve a credit limit increase. They will do a harmless soft pull of your credit. And if you meet their standards, they will offer you an increase. Always paying on time and keeping your credit utilization low is key.
You can also ask for a Chase Freedom credit limit increase by calling the number on the back of your card. But if you ask for one, Chase will do a hard pull of your credit, which will temporarily lower your credit score. Only ask for an increase if you’ve paid on time for the last 6 consecutive months and your credit has improved.