Chase Has A new CLI Policy

plasticguy · ‎10-09-2008

I noticed this change:

It's still a HARD but they added a time limit and qualifications

Request an increase - Please complete the form below. When you're ready, click "Request Credit Line Increase," which will authorize us to review your credit and employment histories, as well as any other information necessary to help us review your request.

If we determine you qualify, we'll increase your credit limit within 4 hours. We may not grant your request for a credit line increase if:

    * The account is currently past due, bankrupt, lost or stolen, closed, revoked or charged off.
    * The account is a guaranteed account.
    * The account was delinquent in the past 3 months or had a serious delinquency in the last 12 to 24 months.

cobra19 · ‎10-09-2008

Chase still gives periodic cli's. I just got one last week.

New York Yankees - 2009 World Series Champions. 27... and counting.....

plasticguy · ‎10-09-2008

That's good

I never said they didn't give them out, But if there are those that wish to ask for one and they have any negative info that they have listed, then they shouldn't apply only to get a HARD and be rejected. At least they are telling you what they don't want to see. I would asked for one but, I already have 50.5k

Trans Fico 802 Equifax Fico 812 Experian Fico 814 Pulled Reports October 1 2008

Anonymous · ‎10-09-2008

The only Chase card I have is the world, which supposedly doesn't have a limit (and yet mine is 5000. The way they explained it to me was that is the limit of my REVOLVING balance. I can charge more than that if I want.

Since I'm now a poor student, I better not be charging anything that big. I wonder, though, how high I could go, if it was something I could immediately pay off, or pay down below 5000.....I wonder if I'd have to call first, like you do with Amex charge cards.

I may never know....

haulingthescoreup · ‎10-09-2008

plasticguy wrote:
That's good I never said they didn't give them out, But if there are those that wish to ask for one and they have any negative info that they have listed, then they shouldn't apply only to get a HARD and be rejected. At least they are telling you what they don't want to see. I would asked for one but, I already have 50.5k
Trans Fico 802 Equifax Fico 812 Experian Fico 814 Pulled Reports October 1 2008

That's good to know! I have a Chase card that has gone missing, and I'm convinced it's around here * looks around vaguely * somewhere. I didn't want to report it as lost/stolen, because I don't think anyone has it, and I didn't want the duplicate TL, and now I have another reason to hunker down.

* Credit is a wonderful servant, but a terrible master. * Who's the boss --you or your credit?
FICO's: EQ 781 - TU 793 - EX 779 (from PSECU) - Done credit hunting; having fun with credit gardening. - EQ 590 on 5/14/2007

wmarat · ‎10-09-2008

I have never got one, but I have had a Chase card only for 2 years.

@cobra19 wrote:
Chase still gives periodic cli's. I just got one last week.

IN VINO VERITAS.

jmbfl · ‎10-09-2008

@haulingthescoreup wrote:
That's good to know! I have a Chase card that has gone missing, and I'm convinced it's around here * looks around vaguely * somewhere. I didn't want to report it as lost/stolen, because I don't think anyone has it, and I didn't want the duplicate TL, and now I have another reason to hunker down.

I had this problem with a WaMu/Providian card. I did not care because I was paying down a balance and did not want to use the card. But, once the card was PIF I had to have a card to keep the account active. I called and asked the CSR to send me a duplicate card and was quite explicit that the original card was neither lost nor stolen. They were a little snippy about it (after all we're talking about WaMu) but about a week later I had a nice new card in my hands. Better yet it did not bear the evil "Providian" inscription on its face!

haulingthescoreup · ‎10-10-2008

My almost-honest version will be that I can't get the card to work in the swipe readers. Which is true, since I don't have the card, and therefore I can't try to swipe with it.

I'm not proud of this solution, but it's the current plan.

* Credit is a wonderful servant, but a terrible master. * Who's the boss --you or your credit?
FICO's: EQ 781 - TU 793 - EX 779 (from PSECU) - Done credit hunting; having fun with credit gardening. - EQ 590 on 5/14/2007

TangMeister · ‎10-10-2008

That is a most excellent explanation! I'll have to remember that one.

Anonymous · ‎10-10-2008

haulingthescoreup wrote: That's good to know! I have a Chase card that has gone missing, and I'm convinced it's around here * looks around vaguely * somewhere. I didn't want to report it as lost/stolen, because I don't think anyone has it, and I didn't want the duplicate TL, and now I have another reason to hunker down.

I had a card gone missing once that wasn't really lost either. For the same reason I didn't want to report it lost/stolen. I ended up telling them that the strip wasn't working anymore and merchants were having to manually key in the numbers. They just sent me a new card. Maybe that would work for you...