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Maximum CL with Chase

Frequent Contributor

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?


Message 1 of 5
4 REPLIES
Valued Contributor

Re: Maximum CL with Chase

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.

Message 2 of 5
Frequent Contributor

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.





Message 3 of 5
Valued Contributor

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)
Message 4 of 5
Valued Contributor

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.

 

EX 798, EQ 789, TU 784
American Express Platinum (NPSL) || Bank of America Privileges with Travel Rewards Visa Signature - $23,200 CL
Barclays American Airlines Aviator Red World Elite Mastercard - $20,000 CL || Chase IHG Rewards World Mastercard - $25,000 CL
Chase Sapphire Preferred Visa Signature - $12,700 CL || Chase United MileagePlus Club World Elite MasterCard - $26,500 CL
Citibank Hilton Reserve Visa Signature - $20,000 CL || J.P. Morgan Ritz Carlton Visa Signature - $23,500 CL
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