Quick question about CLI

Anonymous · ‎03-17-2018

My current card is a Chase Freedom Unlimited, it has a $2000.00 limit and i have had the card for 10 months. I went in today for a credit line increase and was told it is pending approval and i will know in a week. Does this pretty much mean i was denied? My credit info is as follows: CS is around 690, made all payments on time, and far above the min. There was a 700 dollar balance on the card when i requested the increase. Just wondering if i am denied what i did wrong? Maybe should have paid it off all of the way first? Ext Ext

Any input would be awesome.

Thanks,

Jake

toadsworth · ‎03-17-2018

Edit: I do recall people saying on here that Chase likes seeing a year of use/on time payments.

Did you do this in-branch? Did they mention it being a hard inquiry? Most of us here go for the get-a-new-card-then-reallocate-limits route because chase CLI is HP and the increase isn’t always what people would have hoped for; hopefully someone with experience on this situation can chime in soon.

Kind of have everything I want now, creditwise. Undeliberately gardening until I have some spending to do and find a 100,000 Amex Platinum offer lol

Started my credit journey August 2016, after abstaining from credit for years after some poor financial choices in high school. Started with scores in the 580s. Current scores 11/6/18 - EQ: 754 TU: 757 EX: 743

From oldest to newest: DuPage CU Visa Platinum, SL 500 now 3750, Cap1 Platinum SL 300 PC'd to QS now 1600, Alliant Credit Union Share Secured Loan $500, Amex BCE SL 5000 now 600, Neiman Marcus SL 700 now 10000, Target RedCard SL 400 now 2900, Amex ED SL 10000 now 500 (combined with Cash Magnet), Chase AARP SL 800 now 3300, Chase Amazon Prime SL 1000 now 10000, Honda Lease, Discover it SL 1000 now 7000, Synchrony PayPal 2% CB SL 3000 now 10000, Barclays Uber Visa SL 800 now 2100, Citi ThankYou Preferred SL 3300 now 5300, Chase Ritz-Carlton SL 10000 now 1500 (moved to other cards to get annual fee refund), Comenity Total Rewards Visa SL 2000 now 3250, US Bank Cash+ SL 500 recon'd to 10000, US Bank Reserve LOC 1000, Union Bank Rewards Visa SL 5000 now 5000, Amex Cash Magnet SL 9900 now 20000, Cap1 Venture SL 10000 now 10000, Discover it 3000 SL now 4000, Amex SPG Luxury 3100 SL now 3100, Amex Amazon Business Prime 10000 SL now 10000, Amex Gold NPSL, US Bank Premier LOC 5000, US Bank Visa Platinum 5400 SL currently reconning

Combined revolving CL $135,300

Goal: Spring 2019 800+ club, $50,000 combined Amex limit

Anonymous · ‎03-20-2018

Finally got this all figured out, after a few days of not hearing anything i called up and was informed i was denied for the CLI. I spoked to the person on the phone for a while and he resubmitted the app for a second look. In the end it was approved for a 2k increase.

Thanks!