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Chase Slate CLI (Denied)

Regular Contributor

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
Barclays Sallie Mae World MasterCard $25000
Capital One Quicksilver World MasterCard $25000
Chase Freedom Visa Signature $25000
Discover IT $27000
US Bank Cash+ Visa Signature $25000
BofA Travel Rewards $18000

Message 1 of 11
10 REPLIES
Super Contributor

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).
Message 2 of 11
Regular Contributor

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 Quicksilver World MasterCard $25000
Chase Freedom Visa Signature $25000
Discover IT $27000
US Bank Cash+ Visa Signature $25000
BofA Travel Rewards $18000

Message 3 of 11
Super Contributor

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).
Message 4 of 11
Valued Contributor

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. 

EX = 849 EQ = 850 TU = 850 as of 07/2017
Retired and Retiring Cards!
Message 5 of 11
Regular Contributor

Re: Chase Slate CLI (Denied)

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 Quicksilver World MasterCard $25000
Chase Freedom Visa Signature $25000
Discover IT $27000
US Bank Cash+ Visa Signature $25000
BofA Travel Rewards $18000

Message 6 of 11
Super Contributor

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).
Message 7 of 11
Mega Contributor

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!!!




EQ FICO 548 3/3/16
Message 8 of 11
Established Contributor

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: MYFICO 12/30/15 -TU: 481, EQ:561, EX:532 - BK7 DISCHARGED 12/2015 - Current: 09/01/2016 TU:642 EQ: 651 EX: 646
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Message 9 of 11
New Contributor

Re: Chase Slate CLI (Denied)

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


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Message 10 of 11