Credit Cards

[woopah]

Oh, okay. Thanks! I really only care about Fico, which is why I thought they fell off after a year.

[debtisgood]

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.

[smallfry]

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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?

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Hauling I think Chase is toughest of all for auto CLI. Most take a hard for any increase.

[haulingthescoreup]

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.

[haulingthescoreup]

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smallfry wrote:

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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?

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Hauling I think Chase is toughest of all for auto CLI. Most take a hard for any increase.

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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.

[debtisgood]

That is great info - thanks hauling

[ncscgirl2005]

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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.

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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. 

[ncscgirl2005]

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ncscgirl2005 wrote:

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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.

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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. 

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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.  

[ncscgirl2005]

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ncscgirl2005 wrote:

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ncscgirl2005 wrote:

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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. 

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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.  

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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.

[laryn41]

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