Reply
Frequent Contributor
Posts: 258
Registered: ‎08-19-2010
0

Maximum CL with Chase

I recently requested a CLI on my Chase Freedom card. I requested a CLI of $1,000; that was denied. I got the chance to talk to a credit specialist who then approved a CLI of only $500.

Today I got the letter confirming the increase. But it said one of the reasons they couldn't approve my original request was because I reached the maximum credit they can offer me. What does that exactly mean? I mean that changes over time, is that right?

Valued Contributor
Posts: 2,505
Registered: ‎11-11-2010
0

Re: Maximum CL with Chase

[ Edited ]

It is what it is. It means you reached the point where Chase cannot extend anymore credit to you.

 

Usually this is due to low income, multiple Chase CCs, or some rare cases, having too many CCs.

In My Wallet:
Citi Forward (12/2010) | Citi Dividend (05/2011) | Chase Freedom (11/2011) | GECRB/PayPal (05/2012)
Discover it (07/2012) | AMEX BCP (09/2012) | TD/Target REDCard (10/2012) | Chase Ink Classic (11/2012)
BofA BBR (04/2013) | FNBO/Overstock.com (02/2014) | Barclaycard Arrival (04/2014) | FIA/Fidelity AMEX (04/2014)
Frequent Contributor
Posts: 258
Registered: ‎08-19-2010
0

Re: Maximum CL with Chase

My income is quite good so I doubt it's the actual reason.

Maybe like you said, too many CC's. I've opened 5 accounts just in the last 5 months, two of which are with Chase. 

 


trumpet-205 wrote:

It is what it is. It means you reached the point where Chase cannot extend anymore credit to you.

 

Usually this is due to low income, multiple Chase CCs, or some rare cases, having too many CCs.




Valued Contributor
Posts: 1,367
Registered: ‎04-20-2012
0

Re: Maximum CL with Chase

I was told by a couple of Chase CSRs that when you first apply for a Chase card they grant you the maximum amount of credit they are comfortable giving to you (for whatever reasons - credit history, income, etc.). This proved not to be the case as I got a CLI shortly thereafter so as usual YMMV.

TU FICO: 800 (2/1/14) | CK Score: 802 (2/1/14) | CS Score: 805 (2/1/14)

J.P. Morgan Palladium ($250k) | AmEx Platinum (NPSL) | AmEx SPG Personal/Business ($50k/$50k) | Citi Executive AAdvantage WEMC ($50k) | Citi Dividend WEMC ($50k) | Chase Sapphire Preferred VS ($50k) | Chase Ink Bold WEMC ($50k Flex) | Chase Ink Plus WEMC ($25k) | Chase Freedom VS ($25k) | Chase Freedom WMC ($25k) | Chase MileagePlus Explorer ($25k) | Chase Southwest RR Plus Business/Personal ($15k/$15k) | Barclays US Airways ($25k) | Barclays Hawaiian Airlines ($25k) | BofA Alaska Airlines ($10k) | Lexus Financial Services ($30k) | Mercedes-Benz Financial Services ($50k)
Valued Contributor
Posts: 2,300
Registered: ‎01-22-2012
0

Re: Maximum CL with Chase


bribro wrote:

I was told by a couple of Chase CSRs that when you first apply for a Chase card they grant you the maximum amount of credit they are comfortable giving to you (for whatever reasons - credit history, income, etc.). This proved not to be the case as I got a CLI shortly thereafter so as usual YMMV.


+1. Usage is also another factor in CLIs in that heavy usage will improve your chances.

 

I also received an auto-CLI after 3 months due to heavy usage. YMMV though.

 

FICOs: EX: 826, EQ: 817, TU: 810
Bank of America Privileges with Travel Rewards Visa Signature - $23,200 CL
Chase Sapphire Preferred Visa Signature - $12,700 CL
Chase United MileagePlus Club World Elite MasterCard - $26,500 CL
Citibank American Airlines Executive World Elite MasterCard - $22,500 CL
J.P. Morgan Ritz Carlton Visa Signature - $23,500 CL

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions based on Experian or Equifax data (additional FICO® Score versions based on TransUnion data are not currently available on myFICO.com). Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.