Credit Cards

[stealthc63]

So here's my dilemma. I've had my Chase card since 2005 when they were WAMU. The card started out at $2000 and I accidentally went over by about $20 and it took me a few months to PIF. As soon as I did they dropped me to $250. I have been at $250 for over 5 years. I use the card for gas but because the limit is so low I can't do much with it. I called the recon number to see what they could do and they said they would have to do a hard pull. There in lies the problem. I want to do a 3x cli increase on my Amex in Feb and I'm wondering if the new inquiry will affect that. Any insight would be greatly appreciated.

On a side note, I did receive a $2000 CLI from Capital One after emailing the CEO so for all you Crap One people there is still hope!!!!!!!

[Jutz]

What's more important to you, the AMEX CLI or the potential escalation CLI from Chase?

[Duncanrr]

From what I've read, people have had better luck with getting new card and transferring limits.

[stealthc63]

Sigh.....I guess I'll hold off till after I request the 3x CLI. I hate waiting....

[kevinjjc]

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Duncanrr wrote:
From what I've read, people have had better luck with getting new card and transferring limits.

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YMMV

The initial credit limit on my Chase Freedom Visa Signature card was $5,700. After a hard inquiry for a credit limit increase request, got bumped to $18,000.

[Creditaddict]

I have heard more about getting new card from Chase and getting instant huge lines like $10k-$15k and some even over that with other Chase Cards sitting at $500-$1000 for years and years with no sucess of movement.  As posted above, some have had luck... but I think if I was going to take the INQ I rather get a new account!!

Especially now with this new little "Pre-Approval" thing has come up... I wish I could get my partner to do it... (he shows an offer) me and 2 other friends show nothing so to me looks like it works! lol

OH and about the Amex... No I don't think they will care one bit!!

[JonStur]

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Creditaddict wrote:

I have heard more about getting new card from Chase and getting instant huge lines like $10k-$15k and some even over that with other Chase Cards sitting at $500-$1000 for years and years with no sucess of movement.  As posted above, some have had luck... but I think if I was going to take the INQ I rather get a new account!!

Especially now with this new little "Pre-Approval" thing has come up... I wish I could get my partner to do it... (he shows an offer) me and 2 other friends show nothing so to me looks like it works! lol

OH and about the Amex... No I don't think they will care one bit!!

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+1..BTW,, tried the Pre-Approval and was offered the Slate and the Freedom...

[armbenderc]

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Duncanrr wrote:
From what I've read, people have had better luck with getting new card and transferring limits.

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This, but YMMV.