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Should I Ask for a CLI from Chase

Established Contributor

Re: Should I Ask for a CLI from Chase

Oh, okay. Thanks! I really only care about Fico, which is why I thought they fell off after a year.
4/16/09: TU: 775, EQ: 805
2/11/09: TU: 773, EQ: 790, EX:790
11/16/08: TU: 773, EQ: 785, EX: 780
Goals for 2009: 0 Credit Card Debt & 0% Util (achieved 2/6/09), Mortgage! (achieved 11/2/09), getting closer to 800 scores (I crossed this earlier this year, but I'm sure I'm not there anymore!)
Message 11 of 21
Valued Contributor

Re: Should I Ask for a CLI from Chase

The score dip is already minimized by the 6 month mark and I doubt anyone doing a manual review is going to care about a hard from a current creditor that you are in good standing with if your util is low on your accounts.
 
Its the principle I know, but still not a major deal. I just know if I had a Chase account and I wanted an increase I would ask for a big one since I knew it would cost me an inq.
Message 12 of 21
Senior Contributor

Re: Should I Ask for a CLI from Chase



haulingthescoreup wrote:
General question here: I had read that Chase was generous with auto-CLI's, and only if you wanted to accelerate things would you bother with a hard inq and request one.

But it seems like a lot of people are requesting them.

Does this mean that Chase isn't all the generous with the autos after all?


Hauling I think Chase is toughest of all for auto CLI. Most take a hard for any increase.
Message 13 of 21
Moderator Emerita

Re: Should I Ask for a CLI from Chase

Inquiries do NOT lose their sting. They carry equal punch for 12 months, and then they don't count at all. This is directly from myFICO_Barry.

What does start fading out throughout that first year is the "newness penalty" from an account that results from that inq.

I found last December, when two new accounts hit one year, that I had a score jump on the first day of the month from the accounts turning one year old, and then two smaller jumps on the actual anniversary of each inq. I could tell that's what it was, because my reports stopped squawking about new accounts, but they did keep complaining about inqs, until those actual dates hit.
* Credit is a wonderful servant, but a terrible master. * Who's the boss --you or your credit?
FICO's: EQ 781 - TU 793 - EX 779 (from PSECU) - Done credit hunting; having fun with credit gardening. - EQ 590 on 5/14/2007
Message 14 of 21
Moderator Emerita

Re: Should I Ask for a CLI from Chase


smallfry wrote:

haulingthescoreup wrote:

General question here: I had read that Chase was generous with auto-CLI's, and only if you wanted to accelerate things would you bother with a hard inq and request one.

But it seems like a lot of people are requesting them.

Does this mean that Chase isn't all the generous with the autos after all?
Hauling I think Chase is toughest of all for auto CLI. Most take a hard for any increase.

Thanks, that's interesting! I knew about the hards if you ask for one, but I know that members used to say that they'd increase on their own if you're patient and behave yourself.
* Credit is a wonderful servant, but a terrible master. * Who's the boss --you or your credit?
FICO's: EQ 781 - TU 793 - EX 779 (from PSECU) - Done credit hunting; having fun with credit gardening. - EQ 590 on 5/14/2007
Message 15 of 21
Valued Contributor

Re: Should I Ask for a CLI from Chase

That is great info - thanks hauling
Message 16 of 21
New Contributor

Re: Should I Ask for a CLI from Chase



haulingthescoreup wrote:
Before you ask for a CLI, you might want to clarify whether this is a card with a $1200 ceiling. You might wind up doing better switching it to a different card entirely.

Hmmm...I hadn't thought of this. It's a Chase PerfectCard if that makes any difference. I thought I saw a few folks on these boards that have the same card with a higher limit.
 
I also have a Chase Disney card that I use on regular basis. 
Message 17 of 21
New Contributor

Re: Should I Ask for a CLI from Chase



ncscgirl2005 wrote:


haulingthescoreup wrote:
Before you ask for a CLI, you might want to clarify whether this is a card with a $1200 ceiling. You might wind up doing better switching it to a different card entirely.

Hmmm...I hadn't thought of this. It's a Chase PerfectCard if that makes any difference. I thought I saw a few folks on these boards that have the same card with a higher limit.
 
I also have a Chase Disney card that I use on regular basis. 



Oops...this is pretty bad. I just realized the card is a Chase Rewards card. I didn't realize it had changed when i sock drawered it.  
Message 18 of 21
New Contributor

Re: Should I Ask for a CLI from Chase



ncscgirl2005 wrote:


ncscgirl2005 wrote:


haulingthescoreup wrote:
Before you ask for a CLI, you might want to clarify whether this is a card with a $1200 ceiling. You might wind up doing better switching it to a different card entirely.

Hmmm...I hadn't thought of this. It's a Chase PerfectCard if that makes any difference. I thought I saw a few folks on these boards that have the same card with a higher limit.
 
I also have a Chase Disney card that I use on regular basis. 



Oops...this is pretty bad. I just realized the card is a Chase Rewards card. I didn't realize it had changed when i sock drawered it.  



Excuse me for my one-sided convo but my card is indeed a Chase Perfectcard as indicated on my online statement. On that note...I'm going to bed...too much myfico.com for one day.
Message 19 of 21
Frequent Contributor

Re: Should I Ask for a CLI from Chase

fico stops counting inquiries after 12 mths but do the creditors that do the inq's?
Message 20 of 21