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Member
iGotchi
Posts: 7
Registered: ‎01-17-2013
0

Chase Freedom CLI

[ Edited ]

Hello, last December I was approved for a Chase Freedom as my first credit card with a $500 credit limit. However, I have found that this CL is not enough and I have had to make 4 payments on the card already. I want to ask Chase for a CLI, but I don't want to risk a HP without asking for help. I plan to pay in full every month.

 

Some information. I am a recent college graduate and currently owe $14,000 in student loans, $35,000 on a new car,  Equifax FICO scorce of 675, and Trans Union FICO of 724. I also have an average account age of 2 years. I have a checking and savings account with Chase.

 

Given the above information, should I risk a HP for a CLI to at least a $2000 CL? Or should I wait, and hope for Chase to do an auto CLI? Thanks!

myFICO: EX 724 EQ 728 TU 705


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Senior Contributor
youngandcreditwrthy
Posts: 6,174
Registered: ‎08-16-2012
0

Re: Chase Freedom CLI

How many inqs do you currently have? When was your most recent acct opened?
Marriott PR$25k | BCE $24.5K |BankAmericard Visa $25k| Wmt Discover $12.5k | BR Visa $12.5k | Amex Delta Gold $10k | Discover IT $10k | Paypal Extras MC $15k | Amazon Store $10k|Arrival $12.7k | Smile Gen $7.25k | Dillard's $5k| West Elm $4k| Express $3.05K | Mypoints.com Visa $4.5k | Freedom Visa $1k| Amex Surpass $1k
Member
iGotchi
Posts: 7
Registered: ‎01-17-2013
0

Re: Chase Freedom CLI

[ Edited ]

1 inquiry in the past 6 months. The most recent account opened was my car last May when I graduated. Strange thing is that Chase did not perform a hard pull on Experian, Trans Union, or Equifax (to the best of my knowledge) when I applied for the credit card. In the paper work that was sent with the card, the scoring system used was, "Application Score". I have no idea what that is. Also, I have never missed a payment on my car or student loans if that matters.

myFICO: EX 724 EQ 728 TU 705


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Senior Contributor
youngandcreditwrthy
Posts: 6,174
Registered: ‎08-16-2012
0

Re: Chase Freedom CLI

That is odd...

Well, your scores look good... Not a lot of inqs or new accts. I think you can afford the hp and would prob get an increase!!!! Maybe ask for $5000? Or whatever amount haha that amt seems to be a good cl barrier to break ;-)

Good luck :-)
Marriott PR$25k | BCE $24.5K |BankAmericard Visa $25k| Wmt Discover $12.5k | BR Visa $12.5k | Amex Delta Gold $10k | Discover IT $10k | Paypal Extras MC $15k | Amazon Store $10k|Arrival $12.7k | Smile Gen $7.25k | Dillard's $5k| West Elm $4k| Express $3.05K | Mypoints.com Visa $4.5k | Freedom Visa $1k| Amex Surpass $1k
Valued Contributor
nicholasyud
Posts: 1,734
Registered: ‎08-13-2012
0

Re: Chase Freedom CLI

better off get some other CC with decent limit rather than waste an inquiry for credit limit increase....


Starting Score: 560
Current Score: 748 Wishlist: CSP, Simply Cash, SPG, BOLD, INK, United MP,
Goal Score: 800


Walmart: 10k |Usaa: 8k|BCE: 9k| Amex: NSPL|Dis: 3.4k|Cap: 3.5k|CAP: 2k|CSP: 5k| Pen:4.5k

Member
iGotchi
Posts: 7
Registered: ‎01-17-2013
0

Re: Chase Freedom CLI

My plan was to establish a good relationship with Chase, since I bank with them, and eventually apply for the Chase Sapphire Preferred. I wanted to use the Freedom and Sapphire Preferred to fully utilize their rewards program for travel or cash back. Is this a good train of thought? Or are there other credit cards that offer better rewards programs?

myFICO: EX 724 EQ 728 TU 705


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Contributor
kwinks
Posts: 78
Registered: ‎07-15-2012
0

Re: Chase Freedom CLI

This is exactly what I am trying to do. i got my chase freedom last February. However I got a capital one secured card for 6 months and then applied for chase. I also bank with them and I feel that it helped me tons with the freedom. I got a cl of 3000 And I was just approved for csp yesterday.  I think patience is really important with chase because they are tough....

 

also by last december....do you mean December 2012? Because if so then I say you have to wait at least 6 months before asking for cli...that's just a good rule of thumb for any credit card. 

 

 

Chase Freedom 3000
Chase Sapphire Preferred 5000
American Express Blue Cash Preferred 6300
Bank of America Travel Rewards 5000
Bank of America Cash Rewards 3000
Discover IT 4000
Best Buy 4000
TU 733 EQ 743 EX 722
Established Contributor
bettercreditguy1
Posts: 751
Registered: ‎02-11-2012
0

Re: Chase Freedom CLI

Chase likes to see History, payment and usage. Six months is early, a year better. In addition to using a HP, they also place emphasis on the internal review of your relationship with them.

Starting scores 01/02/2012 EQ 707(Fico) TU 733(Fico) EXP 735 (FAKO)
Updated scores 06/01/2014 EQ 797(Fico) TU 768(Fico) EXP 769 (Fico), EQ 849 (Next Gen 5/27/14 Penfed)


Remember the Three P's: Pay early in Full, Pay on Time, Patience
Senior Contributor
youngandcreditwrthy
Posts: 6,174
Registered: ‎08-16-2012
0

Re: Chase Freedom CLI

I wouldn't app for CSP til you have 6 mos to a year with the Freedom. Also, opening a CSP could affect your cli on Freedom or vice versa. People discuss having to move credit lines from other Chase accts all the time here! Lol
Marriott PR$25k | BCE $24.5K |BankAmericard Visa $25k| Wmt Discover $12.5k | BR Visa $12.5k | Amex Delta Gold $10k | Discover IT $10k | Paypal Extras MC $15k | Amazon Store $10k|Arrival $12.7k | Smile Gen $7.25k | Dillard's $5k| West Elm $4k| Express $3.05K | Mypoints.com Visa $4.5k | Freedom Visa $1k| Amex Surpass $1k
Member
iGotchi
Posts: 7
Registered: ‎01-17-2013
0

Re: Chase Freedom CLI

Sorry if I gave everyone the wrong impression that I would be applying for a Chase Sapphire Preferred. I don't plan to apply for one until July of this year.

 

However, back to my original question, should I ask for a CLI on my Freedom (I have a measly $500 CL)? Given that I don't believe Chase performed a hard pull when I applied for the card (No Chase inquiries on my credit EQ and TU reports on 1/3/13, and no EX credit score on documents that came with the card) and with a EQ FICO 675 and TU FICO 724 (same report).

 

I have already paid in full 4 times since owning the card for the past month (December 2012, sorry if that also wasn't explicitly stated). My only fear is calling and having a hard pull performed and I'm told that there would be no CLI. More input is much appreciated :smileyhappy:

myFICO: EX 724 EQ 728 TU 705


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