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Chase Freedom - How large of a CLI?

New Contributor

Re: Chase Freedom - How large of a CLI?

TARGET CARDS:CSP,SPG/Simply Cash and another card from CIti or a card from Penfed

CURRENT CARDS:Chase Freedom:5500,Discover It:5000,Citi Hilton Reserved:5500,Citi Hilton Visa Signature:5500,Compass Clearpoints:5000,Amex Hilton Surpass:2000,Amex Hilton Honors:2000,Amex Prg:NPSL,Amex BCE:2000,Capital one:750,Prudential World mastercard:1000,Macys:400

Message 11 of 20
Established Contributor

Re: Chase Freedom - How large of a CLI?

I opened my Chase Freedom 9/2012 with a $2000 limit.  In 10/2012 I took a HP and increased it to $4000.  In 12/2012 I took another HP and increased it to $10,000, where it currently sits.


NFCU Signature Visa Cash Rewards, NavChek, Citi AA AMEX, Cap1 Cash Rewards, Discover IT, Home Depot, Sears, Walmart, Chase Freedom, AMEX Green, Lowe's, AMEX BCE, Chase Sapphire Preferred, AMEX Hilton Honors Surpass, PayPal Extras MC, PenFed Platinum Cash Rewards, AMEX Platinum

GC Challenge: App Free since 1/8/13. No more apps til 2014






Message 12 of 20
Established Contributor

Re: Chase Freedom - How large of a CLI?


LesWH wrote:

I opened my Chase Freedom 9/2012 with a $2000 limit.  In 10/2012 I took a HP and increased it to $4000.  In 12/2012 I took another HP and increased it to $10,000, where it currently sits.


Was it an instant approval when you requested the 2nd and 3rd time or did you have to recon. I am thinking about taking a HP in the next 2 months.

100% Ficos: EX 780 , TU 783, EQ 776 inquiries last 2 years/1 year/6 months: EX-0/0/0, TU-0/0/0, EQ-1/0/0~ last credit card app 6/24/13- New car loan 3/8/2014- Discover IT $12,500~Kohls $1000~Amex BCE $4000~ Walmart Discover $7500~NFCU Signature CashRewards $23,300 Chase Freedom MC $6000~ Chase Amazon Visa $1900~ Cap 1/HSBC MC $3800~ Amazon Store $7000~ Fingerhut $1050
Message 13 of 20
Established Contributor

Re: Chase Freedom - How large of a CLI?


calihlove75 wrote:

LesWH wrote:

I opened my Chase Freedom 9/2012 with a $2000 limit.  In 10/2012 I took a HP and increased it to $4000.  In 12/2012 I took another HP and increased it to $10,000, where it currently sits.


Was it an instant approval when you requested the 2nd and 3rd time or did you have to recon. I am thinking about taking a HP in the next 2 months.


The 2nd one I reconned because the account was really new.  The 3rd was instant.  On the 3rd, after I was approved for the $6,000 increase to $10,000, I felt like I probably could have gotten more!


NFCU Signature Visa Cash Rewards, NavChek, Citi AA AMEX, Cap1 Cash Rewards, Discover IT, Home Depot, Sears, Walmart, Chase Freedom, AMEX Green, Lowe's, AMEX BCE, Chase Sapphire Preferred, AMEX Hilton Honors Surpass, PayPal Extras MC, PenFed Platinum Cash Rewards, AMEX Platinum

GC Challenge: App Free since 1/8/13. No more apps til 2014






Message 14 of 20
Frequent Contributor

Re: Chase Freedom - How large of a CLI?

All that in 4 months? Holy cow. How much do you run through the card each month?
Message 15 of 20
Established Contributor

Re: Chase Freedom - How large of a CLI?


Lambo23 wrote:
All that in 4 months? Holy cow. How much do you run through the card each month?

It depends on the 5% categories, but since I've gotten the card, I've put a few thousand on average through it a month.  I never carry a balance, though.....


NFCU Signature Visa Cash Rewards, NavChek, Citi AA AMEX, Cap1 Cash Rewards, Discover IT, Home Depot, Sears, Walmart, Chase Freedom, AMEX Green, Lowe's, AMEX BCE, Chase Sapphire Preferred, AMEX Hilton Honors Surpass, PayPal Extras MC, PenFed Platinum Cash Rewards, AMEX Platinum

GC Challenge: App Free since 1/8/13. No more apps til 2014






Message 16 of 20
Valued Contributor

Re: Chase Freedom - How large of a CLI?

Wow! That's phenomenal!!! In such a short time too! My Freedom was opened 1/13 with no increases yet.
Cards: Orchard Bank ($1100) | Cap1 Cash Rewards ($2500) | Chase Freedom ($1000) | Best Buy ($2500) | Discover It ($1000) | Barclay Rewards ($2500) | Current scores: EX FAKO: 684, CK TU: 649, FICO EQ: 680, FICO TU: 698, FICO EX: 658 Happy Homeowner Since 2/6/13! Smiley Happy Last App: 4/5/13 Gardening until July 2014
Message 17 of 20
Established Contributor

Re: Chase Freedom - How large of a CLI?


LesWH wrote:

calihlove75 wrote:

LesWH wrote:

I opened my Chase Freedom 9/2012 with a $2000 limit.  In 10/2012 I took a HP and increased it to $4000.  In 12/2012 I took another HP and increased it to $10,000, where it currently sits.


Was it an instant approval when you requested the 2nd and 3rd time or did you have to recon. I am thinking about taking a HP in the next 2 months.


The 2nd one I reconned because the account was really new.  The 3rd was instant.  On the 3rd, after I was approved for the $6,000 increase to $10,000, I felt like I probably could have gotten more!


Thanks so much! I cannot wait to get my first 5 digit limit~ question is will it be NFCU auto cli or Chase initiated cli that gets me there Smiley Wink

100% Ficos: EX 780 , TU 783, EQ 776 inquiries last 2 years/1 year/6 months: EX-0/0/0, TU-0/0/0, EQ-1/0/0~ last credit card app 6/24/13- New car loan 3/8/2014- Discover IT $12,500~Kohls $1000~Amex BCE $4000~ Walmart Discover $7500~NFCU Signature CashRewards $23,300 Chase Freedom MC $6000~ Chase Amazon Visa $1900~ Cap 1/HSBC MC $3800~ Amazon Store $7000~ Fingerhut $1050
Message 18 of 20
Highlighted
Valued Member

Re: Chase Freedom - How large of a CLI?

1. # of months account was open when CLI was obtained (specify auto or HP)

6 months, I pay 95% of balance 1 or 2 times per month - Hard Pull

2. Starting CL

$500

3. Average monthly spending

$500-$800

4. $$ amount of CLI

increase of $2000 to $2500

 

I sent a secured message first requesting a CLI to $2500, within an hour I received a response saying that it was denied - letter is in the mail. I then called the Customer Service Number in the message and I was asked questions about my report and why I wanted an increase. I explained that a $500 limit is useless for my needs. After a few minutes on hold the rep confirmed the CLI from $500 to $2500. A 5x increase is definitely worth the inquiry, Thanks Chase!

Message 19 of 20
Mega Contributor

Re: Chase Freedom - How large of a CLI?


DocM wrote:

I have noticed there have been a plethora of threads regarding the Chase Freedom and CLIs. Although to my knowledge there isn't a formula to the whole thing (in comparison to the AMEX 3x CLI @ the 61 day mark), I have noticed some similarities reported among members who have received them - several of the auto CLIs have been within 6 months of account opening; usually are in the amount of $500, and given those with lower starting limits. I know that many say it is more worthwhile to just open a new card and transfer limits between cards accordingly, but for those who have received CLIs and are willing to share some info, perhaps it can help future members decide whether or not to ask for a HP CLI.

 

I felt the following would provide some good resource:

 

1. # of months account was open when CLI was obtained (specify auto or HP)

2. Starting CL

3. Average monthly spending

4. $$ amount of CLI

 

There is probably a ton of other factors, and if I missed any critical factors let me know. If there is enough data maybe it can be charted somehow.

 

For me,

1. # of months account was open when CLI was obtained (specify auto or HP) - Opened 9/11; have not received a CLI

2. Starting CL - 4,000

3. Average monthly spending - 1,250

4. $$ amount of CLI - N/A

 

 

 


9 - Opened 7/2012

$2,000

Eh, around 400-800. Will use for 5% categories.

$300 - Received auto luv 6 months from acct. opening.




EQ FICO 548 3/3/16
Message 20 of 20