Credit Card Center Advertiser Disclosure

Reply
Regular Contributor
Posts: 246
Registered: ‎10-18-2012
0 Kudos

Re: Thoughts about Chase Auto CLI


unc0mm0n1 wrote:

Walt_K wrote:

Some of the posts here are getting silly.  People are asking pretty reasonable questions about CLI policies and how to grow their credit lines efficiently.  I really don't see anyone demanding auto CLIs.  There are some helpful reminders, like pointing out that taking a hard pull isn't as big of a deal as it is sometimes made out to be.  And, that sometimes, it is just going to take more time.  But I don't see why we need the flippant suggestions to use cash over credit, admonitions that credit is a privilege, etc.  


I've noticed that more and more here, thus I don't post that much anymore. Someone asks a reasonable question and the responses are "well you shouldn't want rewards" or "the banks don't owe you anything." No one is expecting a CLI or saying the banks owe anyone anything but if there is a strategy to make a CLI more likely why not use it? How is that "gaming" the system. By that definition bringing your credit card balances down and not applying for new credit 6 months before apping for a mortage is gaming the system. No, it's called being a smart credit consumer.


I totally agree with you both.  I began to be hesitant in posting because I didn't want the snarky comments.  It can be very frustrating when all you or someone other person is trying to do is ask a question or find out information.  After a while, I stopped posting/commenting all together for months.   Lately, it seems to have been a lot better which is a relief so I've started to ease back in to participate by posting/ and commenting again. I think it may have something to do with the newer Mods.  They seem to intercede a lot faster than in the past which is nice.  Cause for a while there, it was like post at your own risk around here....

Regular Contributor
Posts: 246
Registered: ‎10-18-2012
0 Kudos

Re: Thoughts about Chase Auto CLI


CreditScholar wrote:

TM82 wrote:
To be honest, Chase would rather have you get another card then give you a CLI in an existing card. I've seen so many times people request a CLI, get declined for a small request ($1,500-3,000) but a few minutes later get approved for a $5k CSP. So unless you need a CLI on that specific card, you're better off using that HP on a different card. In my 3+ years of using Chase, I've gotten 1 auto CLI on my Freedom (from 2k to 2.3k) but have added 5 additional Chase cards ranging up to $20-25k for the last 2). I've had a CSP that I push about 3k/month in and have had no CLI in 2 years. A United that I put about 3.5k/month on with no CLI.

+1. There seems to be a lot of anecdotal evidence that supports this. I've received 2 auto-CLIs within 12 months on my United card, but those amounts were tiny in comparison to the CL I got when I applied for the JPM Ritz. Chase does seem to differentiate between CLIs on existing cards and CLs on new ones.

 

I'd suggest using the Freedom heavily and properly for 9 months, then apply for a 2nd card. Normally I'd say 6 months, but since it's his first then 9 months may be safer.


This is great information!  It's happened with me, but I didn't realize that may be why or what I need to do to get a higher limit with them.

 

I was approved for a Chase Freedom in Jan, 2011.  I received one auto CLI six months later which brought me to $1500.  Six months after that, I attemped a CLI - Denied.  A few weeks later I app'd for the Chase Amazon - Approved for $3,000.   But I've never been able to get another CLI on my Freedom. 

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.
‡ Credit cards for FICO Score ranges: The score ranges are guidelines based on internal myFICO analysis of actual applicant approvals, and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range. These ranges were not provided by any card issuer.

* 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.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

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.