Credit Card Center Advertiser Disclosure†
06-13-2013 09:05 PM
06-13-2013 09:17 PM - edited 06-13-2013 09:18 PM
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.
06-13-2013 09:36 PM - edited 06-13-2013 09:37 PM
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.
06-13-2013 10:52 PM
06-14-2013 05:17 AM
Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.† Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
* For complete information, see the terms and conditions on the credit card issuer’s website. Once you click apply for this card, you will be directed to the issuer’s website where you may review the terms and conditions of the card before applying. While myFICO always strives to present the most accurate information, we show a summary to help you choose a product, not the full legal terms - and before applying you should understand the full terms of products as stated by the issuer itself.
IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. 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.