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New Contributor
Posts: 94
Registered: ‎04-13-2013
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Pay off chase freedom before asking for cli?

Hey guys quick question... I would like to use my chase freedom card for a purchase but need a cli to do so. The card used to be a chase + but was upgraded. I've had this card since 2008 and it has a sad CL of 1500. Nothing compared to multiple other cards over 10k. Kinda annoys me the card I've had the longest is one of my smallest. Anyways my overall UTL is about 10%... But on this card alone it's a lot higher cuz I take advantage of my low interest rate with this card (4%!!). Out of the 1500 limit I have about 1100 on it. Now I want to call, I am assuming I need to call a analyst and not a CSR... Correct? When I call should I just explain how I want to make a large purchase and take advantage of the cards benefits or will they automatically not want to help since its charged almost to its current max?

The other option is I can just pay it off fully and then ask.... But if I go that route can I pay it off like now and be able to call right away and they see that or will I have to wait for it to actually post onto my reports? Just looking for some advice, I think it is ridiculous that this cards limit is so low when I've been with them for so long. Almost as bad as my cap one set at 750... Also from 2008, lol.

Well as always thanks in advance for any advice!
Frequent Contributor
Posts: 360
Registered: ‎10-17-2012
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Re: Pay off chase freedom before asking for cli?

[ Edited ]

Your need to  call a CSR first and THEN call backdoor number to Recon or ask for a higher CL.  

 

Yes, pay the balance and wait for several days after it has posted. This will definitely you get a higher CLI.

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Super Contributor
Posts: 7,132
Registered: ‎02-27-2013
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Re: Pay off chase freedom before asking for cli?

[ Edited ]

Scott90 wrote:
Hey guys quick question... I would like to use my chase freedom card for a purchase but need a cli to do so. The card used to be a chase + but was upgraded. I've had this card since 2008 and it has a sad CL of 1500. Nothing compared to multiple other cards over 10k. Kinda annoys me the card I've had the longest is one of my smallest. Anyways my overall UTL is about 10%... But on this card alone it's a lot higher cuz I take advantage of my low interest rate with this card (4%!!). Out of the 1500 limit I have about 1100 on it. Now I want to call, I am assuming I need to call a analyst and not a CSR... Correct? No, you can just call CSR for CLI requests. You call backdoor only if you feel that they didn't give you enough, or your request got denied entirely. When I call should I just explain how I want to make a large purchase and take advantage of the cards benefits or will they automatically not want to help since its charged almost to its current max? No they will not deny you just because of that. They'll look at your CR and your account standing with them. They like it when you can use a lot. All they're concerned with is whether you have the ability to repay them, and the odds of it happening.

The other option is I can just pay it off fully and then ask.... But if I go that route can I pay it off like now and be able to call right away and they see that or will I have to wait for it to actually post onto my reports? It's best you wait for it to be posted onto your CR. Your score will go up once the new utilization is posted, and you probably will get a bigger CLI that way. They can verify your balance if you do it now, and you probably will still get a CLI, but just not as much as you potentially could have otherwise. Just looking for some advice, I think it is ridiculous that this cards limit is so low when I've been with them for so long. Almost as bad as my cap one set at 750... Also from 2008, lol.

Well as always thanks in advance for any advice!

Answered in red.

 

 

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Valued Contributor
Posts: 1,575
Registered: ‎09-15-2012
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Re: Pay off chase freedom before asking for cli?

Are you prepared to take a HP for CLI?

Have you looked into your CLI options with CapitalOne?

In My Wallet: Amex BCP (12/12) $22.200, Cap1 Quicksilver (6/12) $14,000, Chase CSP (4/14) $12,000, Barclaycard Rewards (5/13) $10,500, Citi Forward (12/12) $9,600, Chase Freedom (12/12) $5,000

Last App: April 2, 2014
New Contributor
Posts: 94
Registered: ‎04-13-2013
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Re: Pay off chase freedom before asking for cli?

Haven't really considered cap one because it seems like people who request a limit increase always get a rebuttal for like half of what they are asking and I would actually want close to 10k at least. Figured they were a loss cause.

And yes I am ready for a HP, credit score is high 700's and no future house purchase or anything like that in site.

Thx for advice so far guys!

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