I got my first cc at the end of March (Chase Freedom $500 CL), and was planning on requesting a CLI after the 6th statement, but tonight I went online and saw that they gave me a $300 auto increase right before my 5th statement cut. As the saying goes, any luv is good luv, but $800 is still nowhere near enough to match my spend, plus I'm hoping to get an Amex in a month (either BCE or Costco TE), and would like to get as high a limit as possible before I apply.
Would it be worth a HP on a CLI request, and has that ever been approved after an auto CLI? I wouldn't want to do it unless there was a really good chance of getting my limit to $1500 or more. My stats are listed below:
Credit Cards: Chase Freedom (opened 3/28/13, $800 CL)
AAOA: 7 years (heavily weighted on Student Loans)
FICO scores: EX 772 (July 2013)..... EQ 762 (Dec 2012)......TU ???
Inquiries: EX 2,,,,,,,EQ 0,,,,,,,TU 0
Income: 75K - 80K
No baddies, always PIF
Util: I pay down multiple times a month and leave a little b4 statement cuts so it reports < 8%
Thanks in advance!
There is not a "really good chance". You might be able to squeeze some more out of it though. You can surely request more. Be prepared to take a HP.
Also be aware that some creditors only allow 1 CLI within a certain period of time, like every 6 months. Not sure about Chase's policy though.