Chase CLI increase question

icyhot · ‎06-02-2015

I know everyone says it's useless trying to get a CLI with Chase and it's best to apply for another card and move the limit since it's a HP anyway. My question is if I do that, how soon can I move the limit after being approved, and if it's immediately and I close the card all together, will it report? I know some banks don't report cards til after a statement cuts and some (Cap One) will report it whether it was immediately closed or not

Anonymous · ‎06-02-2015

You can move it immediately and it will still show on your reports. If you don't use the card, you should be able to move the entire limit.

kdm31091 · ‎06-02-2015

The idea isn't really to open a new card you have no use for just to get a "CLI". That's silly IMO. You're taking a HP plus an AAOA ding.

If you have no use for a new card from them just take the HP CLI. Then you won't ding your AAOA. The other advice applies to people who actually want another card from Chase. Opening it just to move the limit and close it is going to make you look bad anyway, Chase will have their eye on that type of behavior.

Just go for a CLI if you want it.

Anonymous · ‎06-02-2015

@kdm31091 wrote:
The idea isn't really to open a new card you have no use for just to get a "CLI". That's silly IMO. You're taking a HP plus an AAOA ding.

If you have no use for a new card from them just take the HP CLI. Then you won't ding your AAOA. The other advice applies to people who actually want another card from Chase. Opening it just to move the limit and close it is going to make you look bad anyway, Chase will have their eye on that type of behavior.

Just go for a CLI if you want it.

Sound advise!

Anonymous · ‎06-02-2015

I definitely agree! Chase is someone's radar you do not wanna be on.

Anonymous · ‎06-02-2015

@icyhot wrote:
I know everyone says it's useless trying to get a CLI with Chase and it's best to apply for another card and move the limit since it's a HP anyway. My question is if I do that, how soon can I move the limit after being approved, and if it's immediately and I close the card all together, will it report? I know some banks don't report cards til after a statement cuts and some (Cap One) will report it whether it was immediately closed or not

How long have you had this card(s)? Reason I ask is because I put quite a bit through mine, always PIF and at 6 months (2) of my cards got auto CLI's. One of the CLI's was 47.5% on an $8,000 line. The first card I got with them got a 30% bump on a $5k line, again without asking.

Jerry45 · ‎06-02-2015

@MstrPTato wrote:
You can move it immediately and it will still show on your reports. If you don't use the card, you should be able to move the entire limit.

Good Info. Thanks

Jerry45 · ‎06-02-2015

@kdm31091 wrote:
The idea isn't really to open a new card you have no use for just to get a "CLI". That's silly IMO. You're taking a HP plus an AAOA ding.

If you have no use for a new card from them just take the HP CLI. Then you won't ding your AAOA. The other advice applies to people who actually want another card from Chase. Opening it just to move the limit and close it is going to make you look bad anyway, Chase will have their eye on that type of behavior.

Just go for a CLI if you want it.

Good point. Who does Chase pull for a CLI HP? TU?

Jerry45 · ‎06-02-2015

@Anonymous wrote:
@icyhot wrote:
I know everyone says it's useless trying to get a CLI with Chase and it's best to apply for another card and move the limit since it's a HP anyway. My question is if I do that, how soon can I move the limit after being approved, and if it's immediately and I close the card all together, will it report? I know some banks don't report cards til after a statement cuts and some (Cap One) will report it whether it was immediately closed or not
How long have you had this card(s)? Reason I ask is because I put quite a bit through mine, always PIF and at 6 months (2) of my cards got auto CLI's. One of the CLI's was 47.5% on an $8,000 line. The first card I got with them got a 30% bump on a $5k line, again without asking.

Also good info. I wonder if the PIF is the key to a Auto CLI for the 0% APR promotions?

SamsungHDTV · ‎06-02-2015

@icyhot wrote:
I know everyone says it's useless trying to get a CLI with Chase and it's best to apply for another card and move the limit since it's a HP anyway. My question is if I do that, how soon can I move the limit after being approved, and if it's immediately and I close the card all together, will it report? I know some banks don't report cards til after a statement cuts and some (Cap One) will report it whether it was immediately closed or not

I don't know why everybody says that it's useless trying to get a CLI with Chase. Its very possible and happens routinely.

Also, Chase sometimes offers you a CLI without a hard pull. This is only offered if you initiate a request. Similar to an auto credit limit increase in that it requires no hard pull, except its not automatic. I coin the term as manual credit limit increase. I'll note that this is usually on the strong profiles (high use, pay in full, good credit scores).