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Auto CLI Strategy for new Chase Freedom

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navyox
Regular Contributor

Auto CLI Strategy for new Chase Freedom

I did search this topic and found some older threads.    I've had the card for less than a month, first statement has not been cut yet.    From what I read is it looks like the majority would recommend using it alot (for stuff you'd normally buy of course), PIF, and hope for the best.   A minority suggest letting a small balance carry.

 

Since I'm new to Chase, I plan on going conservative and not trying the small balance approach.   I will just use it for whatever I'd normally spend and PIF when statement is cut.   Any other wisdom  out there, anyone gotten auto-CLIs from Chase on a new Freedom account?

 

My normal CC spend is $700-900 a month, I hope that would be enough to trigger a CLI, but with the limit of $2500 not sure it will be.   My short-term goal is a bigger CL for utilization purposes, long-term build a good relationship with Chase should I decide to go for CSP or United Mileage Explorer.



Starting Score: 676 CK 5/13. Current: 717 EX 6/15 -- Last App: 6/2014
Message 1 of 9
8 REPLIES 8
CribDuchess
Established Contributor

Re: Auto CLI Strategy for new Chase Freedom

My DH opened his Freedom card in mid-January this year with a starting limit of $4,000.  In early February, he used it to buy new tires for about $700.  This is the only purchase he made with the Freedom.  Seriously.  Since it had 0% APR for the first 15-months, we just made $100 per month payments.  In June, he received an auto-CLI of $2,300 for a new limit of $6,300.

 

Yes, he got auto-LUV after just 5 months and had only used the card once and was carrying a balance.  Meanwhile, I run about $2,000 through my Freedom most months, PIF before statement cuts, and have not seen any auto-LUV.  Pffffttttt!   lol

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Message 2 of 9
eddie84
Valued Contributor

Re: Auto CLI Strategy for new Chase Freedom

^ Haha.. That's good to know.  I'm in the same boat as OP (just got my Freedom card with $4k CL less than a month ago).  So just use it once and carry the balance then. Smiley Tongue

Message 3 of 9
navyox
Regular Contributor

Re: Auto CLI Strategy for new Chase Freedom


@CribDuchess wrote:

My DH opened his Freedom card in mid-January this year with a starting limit of $4,000.  In early February, he used it to buy new tires for about $700.  This is the only purchase he made with the Freedom.  Seriously.  Since it had 0% APR for the first 15-months, we just made $100 per month payments.  In June, he received an auto-CLI of $2,300 for a new limit of $6,300.

 

Yes, he got auto-LUV after just 5 months and had only used the card once and was carrying a balance.  Meanwhile, I run about $2,000 through my Freedom most months, PIF before statement cuts, and have not seen any auto-LUV.  Pffffttttt!   lol


Maybe since you PIF before the statement cuts, their computer sees it as you are not using the card?   I don't know.   The cynic in me wonders if their model sees your DH's card and thinks "this guy carries a balance we can make money on him".   I don't know, but it is fun to speculate what goes on behind the curtain. 



Starting Score: 676 CK 5/13. Current: 717 EX 6/15 -- Last App: 6/2014
Message 4 of 9
lg8302ch
Senior Contributor

Re: Auto CLI Strategy for new Chase Freedom

tja.. I am in the same boat Smiley Happy   ... tried to spend reasonable for the first 3 months (about 15% util) - next 4 months higher usage (about 60-70%) ..no luv yet. But I did not carry a balance yet...might do this while in the 0% apr and see how that will go.... Good luck on your mission ..LOL

Message 5 of 9
9CLINE
Valued Contributor

Re: Auto CLI Strategy for new Chase Freedom

I recently got a small auto cli on my freedom visa. I got the card in late May and got the auto inc. this mth b4 the 4th statement cut. I have been carrying a balance since I have the 0% intro, using about 40-50% of that cl. There have been others on here who posted about their auto cli's too.

Seems like so far it's after about 3 mths.


Message 6 of 9
370Z
Frequent Contributor

Re: Auto CLI Strategy for new Chase Freedom


@navyox wrote:

I did search this topic and found some older threads.    I've had the card for less than a month, first statement has not been cut yet.    From what I read is it looks like the majority would recommend using it alot (for stuff you'd normally buy of course), PIF, and hope for the best.   A minority suggest letting a small balance carry.

 

Since I'm new to Chase, I plan on going conservative and not trying the small balance approach.   I will just use it for whatever I'd normally spend and PIF when statement is cut.   Any other wisdom  out there, anyone gotten auto-CLIs from Chase on a new Freedom account?

 

My normal CC spend is $700-900 a month, I hope that would be enough to trigger a CLI, but with the limit of $2500 not sure it will be.   My short-term goal is a bigger CL for utilization purposes, long-term build a good relationship with Chase should I decide to go for CSP or United Mileage Explorer.


Anecdotal evidence suggests that percentage (of CL) spending is too low for an auto-CLI. 40-60% (of CLI) for several months seems to be about the bare minimum.

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Message 7 of 9
red259
Super Contributor

Re: Auto CLI Strategy for new Chase Freedom


@9CLINE wrote:

I recently got a small auto cli on my freedom visa. I got the card in late May and got the auto inc. this mth b4 the 4th statement cut. I have been carrying a balance since I have the 0% intro, using about 40-50% of that cl. There have been others on here who posted about their auto cli's too.

Seems like so far it's after about 3 mths.


I've had the Freedom since early june. Fourth statement will be cutting in next few days. Have never carried a balance. Have run significant number of charges through card which has a 3k limit. Last month I ran well over the full credit line through the card (making multiple payments during cycle). I let 2.2k report to CRAs one month. The last two months I let approx $80-$110 report each month before PIF immediately after statement cut. Hoping for auto cli, but nothing has come through yet. 

;
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Message 8 of 9
resilient
Established Contributor

Re: Auto CLI Strategy for new Chase Freedom

I'd like an increase on mine....I think they've extended me what they want to though Smiley Sad

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