09-19-2012 08:17 AM - edited 09-20-2012 05:27 AM
Can you recon for a higher CLI with Chase Freedom and what grounds would be successful? (I've never reconned before).
How long before you can ask for a CLI?
09-19-2012 08:50 AM
I think they do another HP with recons but not sure. I know their CLI are HP's. I just got the Freedom card and I'm also interested in how the CLI increases and suggested frequency of requesting them should work.
I was planning on requesting one after refi (9 months).
For recons, I think it depends on why they gave you a lower CL. Whats on your report? How is your income? Be prepared to address any negatives. I had to recon Freedom for approval and my main negative was my cap1 auto loan. I had a full history of my consecutive payments to them since August last year printed out and next to me when I called. So when she said my last late with them was March I counter with the dates and amounts of my payments and said I was currently disputing the account with Cap1 directly as I didnt want to formally dispute the item.
09-19-2012 09:15 AM
Immediately after approval, call to recon the limit if you want or need more. I just recently helped one of my managers with his credit card choices. He wanted to move his debt to a 0% interest card. I recommended Chase Freedom. He got the instant approval but not enough to cover the entire transfer and leave a little utility room. I had him call the backdoor number immediately and they put in a few numbers then viola- instant 4K increase to the approval. YMMV but the worst that can happen is "NO CLi". No HP btw.
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.