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Regular Contributor
Posts: 237
Registered: ‎03-27-2007
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Chase Slate CLI (Denied)

I tried to obtain a credit limit increase through reconsideration last week, but I was denied. I received the letter today and it states, "too many active accounts or too much available credit" as the reason for denial. Does anyone have any experience with this?

American Express Blue Cash Everyday $25000
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Super Contributor
Posts: 7,132
Registered: ‎02-27-2013
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Re: Chase Slate CLI (Denied)

It just means you have reached the maximum CL threshold chase is willing to extend to you. This threshold changes based upon your account history, income, and CR
JPMorgan Palladium (100k), AmEx Platinum (NPSL), AmEx SPG (46k), AmEx BCP (42k), Chase Sapphire Preferred (47k), Citi Prestige (31k), Citi Thank You Preferred (27k), Citi Executive AAdvantage (25k), JPMorgan Ritz-Carlton (21k), Merrill+ (15k), US Bank Cash+ (22.5k), Wells Fargo (12k), Bloomingdale’s (12.4k), Chase Freedom (5k), Discover IT (5k).
Regular Contributor
Posts: 237
Registered: ‎03-27-2007
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Re: Chase Slate CLI (Denied)


enharu wrote:
It just means you have reached the maximum CL threshold chase is willing to extend to you. This threshold changes based upon your account history, income, and CR

Well that can't be true, because I was approved for a Sapphire card two days after that.

 

American Express Blue Cash Everyday $25000
Barclays Sallie Mae World MasterCard $25000
Capital One Venture World MasterCard $12500
Chase Freedom Visa Signature $25000
Discover IT $13500
US Bank Cash+ Visa Signature $25000
Synchrony Bank Old Navy Visa $25000

Super Contributor
Posts: 7,132
Registered: ‎02-27-2013
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Re: Chase Slate CLI (Denied)

Like I said it changes. I honestly wish I can tell you exactly why but its impossible without knowing the formula they are using to score you. Maybe a new account is scored differently from a CLI or getting CL above a certain number requires something different.

Or maybe they processed the CLI request after you got your sapphire.

Your best answer to your question is to call them and ask. Even then they might not divulge much.
JPMorgan Palladium (100k), AmEx Platinum (NPSL), AmEx SPG (46k), AmEx BCP (42k), Chase Sapphire Preferred (47k), Citi Prestige (31k), Citi Thank You Preferred (27k), Citi Executive AAdvantage (25k), JPMorgan Ritz-Carlton (21k), Merrill+ (15k), US Bank Cash+ (22.5k), Wells Fargo (12k), Bloomingdale’s (12.4k), Chase Freedom (5k), Discover IT (5k).
Valued Contributor
Posts: 1,465
Registered: ‎08-30-2011
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Re: Chase Slate CLI (Denied)


Drew wrote:

enharu wrote:
It just means you have reached the maximum CL threshold chase is willing to extend to you... This threshold changes based upon your account history, income, and CR

Well that can't be true, because I was approved for a Sapphire card two days after that.

 


....on THAT card. 

Chase is more conservative, for whatever reason, with the Slate card than with other cards in their stable.  Even though it's a BT card, they really don't like to see a lot of balances on other cards, when seeking initial approval.  And they are not known for giving out initial CL or CLI in a manner similar to other products, such as the CSP.  Probably has something to do with the limited marketing appeal of that particular card, and it's lack of other benefits. 

Diners Club Premier MasterCard $50K / AMEX Gold NPSL / AMEX Zync NPSL / AMEX Blue Cash Preferred $14K / Bank of America Cash Rewards Signature Visa $15K / Merrill Lynch Plus Signature Visa $15K / Wells Fargo Propel 365 $15K / Chase Sapphire Preferred Signature Visa $10K / J P Morgan Select Signature Visa $10K / Chase Slate Visa $6K / CITI Diamond Preferred MasterCard $13.2K / Discover IT $10.5K / IberiaBank Select Visa $8K / 1st Command Bank Platinum Visa $7.5K // Home Depot $9.7K / Lowes $10K

EX = 818 EQ = 822 TU = 830 - 01/2015
Regular Contributor
Posts: 237
Registered: ‎03-27-2007
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Re: Chase Slate CLI (Denied)

[ Edited ]
Well, to be perfectly fair, I have less than 10% utilization on all of my cards. I am not sure that the theory about high balances on other cards apply. So, I am still terribly confused about the basis of their decision.

American Express Blue Cash Everyday $25000
Barclays Sallie Mae World MasterCard $25000
Capital One Venture World MasterCard $12500
Chase Freedom Visa Signature $25000
Discover IT $13500
US Bank Cash+ Visa Signature $25000
Synchrony Bank Old Navy Visa $25000

Super Contributor
Posts: 7,132
Registered: ‎02-27-2013
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Re: Chase Slate CLI (Denied)

have you tried calling in yet?
they are the ones who can best explain it to you, if they're willing to.

JPMorgan Palladium (100k), AmEx Platinum (NPSL), AmEx SPG (46k), AmEx BCP (42k), Chase Sapphire Preferred (47k), Citi Prestige (31k), Citi Thank You Preferred (27k), Citi Executive AAdvantage (25k), JPMorgan Ritz-Carlton (21k), Merrill+ (15k), US Bank Cash+ (22.5k), Wells Fargo (12k), Bloomingdale’s (12.4k), Chase Freedom (5k), Discover IT (5k).
Mega Contributor
Posts: 15,442
Registered: ‎04-09-2011
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Re: Chase Slate CLI (Denied)


enharu wrote:

have you tried calling in yet?
they are the ones who can best explain it to you, if they're willing to.


I agree give them a call!!!




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EX (PLUS) 583 EQ FICO 565 TU FICO 590 3/15/2011 / Goal Scores: 720
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Established Contributor
Posts: 697
Registered: ‎03-16-2012
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Re: Chase Slate CLI (Denied)

I would call again! i requested a cli on my 7 month old freedom 5 days ago and finally got it approved from 1k to 5k ....weird thing about it was there was no hard pull!!! I just can never figure chase out ....

Starting Score: TU: 598 03/23/2012 EQ:607 05/24/2012 EX:607 04/26/2012 (lender pull) EX FAKO:522 03/2012
Current Score: TU(Myfico)04/2013:689 EQ(Myfico)04/2013:701 EX(AMEX pull)04/01/2013:675 (CreditSecure FAKOS) 5/14/2013 EX:726 EQ:701 TU:730 TU(Walmart):699
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New Contributor
Posts: 57
Registered: ‎05-06-2013
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Re: Chase Slate CLI (Denied)

It may have something to do with your income - available credit. 


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