Reply
Frequent Contributor
Posts: 332
Registered: ‎08-07-2013
0

What triggered auto CLI from Chase?

A few months back, my Chase Amazon Visa was sitting at a $400 credit limit. All of a sudden it jumped to $700. I can only think of two things that prompted this:

 

1. My card was open for 5 months at the time, and I was using it heavily, and high utilization, almost maxng out, way before I got educated on the importance of credit cards and how to properly utilize them. After heavy usage and paying on time, I decided to change my end of cycle date. Could this have prompted a manual review?

 

2. I activated a Capital One card around the same time, maybe a month earlier for $500. Does Chase do periodical soft pulls to see if they are your highest limit?

 

I also recently got the $500 LUV button increase, albeit with the help of a CSR. I was past the 6 months, was I due, or did they see that they werent my highest limit and gave me the increase?

 

I should also note that I got approved for a CDP with  $500 limit. I thought they were going to match or beat my highest limit..I am going to recon that.

 

Any ideas or responses appreciated.

Capital One Quicksilver MC $3000 6/2011 | Chase Amazon Visa $1400 8/2012 | Citi Diamond Preferred MC $4200 7/2013 | AMEX Green NPSL 8/2013 | Chase Freedom $1000 Visa 8/2013 | AMEX BCE $7000 2/2014 ==> 2/2013
Frequent Contributor
Posts: 317
Registered: ‎05-24-2013
0

Re: What triggered auto CLI from Chase?

Do you let the balance show or do you pay it off before the statement cuts? Confused as to how your management changed after you learned about the importance of credit cards.
Frequent Contributor
Posts: 332
Registered: ‎08-07-2013
0

Re: What triggered auto CLI from Chase?

Nowadays I don't really keep any balances. I would pay them off before the cycle ended but I realized that it would report my utilization at 0 percent, which probably did not help my credit score even though I did use my credit cards. So what I am doing now is using credit for pretty much everything to get rewards and leaving maybe $50 to be reported monthly . I hope this will raise my credit score.

And my management has definitely changed. Before, all I knew was swipe and pay before the due date. I never knew that things like average age of account, utilization, or even inquiries mattered. Hell I never knew what a soft or hard pull was.. now i know.

I would have one credit card only, max it out and pay in full. 100% utilization isn't the best.

MyFico has definitely helped!
Capital One Quicksilver MC $3000 6/2011 | Chase Amazon Visa $1400 8/2012 | Citi Diamond Preferred MC $4200 7/2013 | AMEX Green NPSL 8/2013 | Chase Freedom $1000 Visa 8/2013 | AMEX BCE $7000 2/2014 ==> 2/2013
Super Contributor
Posts: 7,132
Registered: ‎02-27-2013
0

Re: What triggered auto CLI from Chase?

Chase, like many other lenders, like heavy usage. If you're using the money they lent to you, they're making money on it, assuming you pay it back. 

Customers who generally use the card more are more likely to result in auto CLIs.

 

JPMorgan Palladium (100k), AmEx Platinum (NPSL), AmEx SPG (46k), AmEx BCP (42k), Chase Sapphire Preferred (47k), Citi Prestige (31k), Citi Thank You Preferred (27k), Citi Executive AAdvantage (25k), JPMorgan Ritz-Carlton (21k), Merrill+ (15k), US Bank Cash+ (22.5k), Wells Fargo (12k), Bloomingdale’s (12.4k), Chase Freedom (5k), Discover IT (5k).
Frequent Contributor
Posts: 332
Registered: ‎08-07-2013
0

Re: What triggered auto CLI from Chase?

correct, but there are countless people who have used it heavily as well as many other methods and still haven't gotten one. Success stories are rare..
Capital One Quicksilver MC $3000 6/2011 | Chase Amazon Visa $1400 8/2012 | Citi Diamond Preferred MC $4200 7/2013 | AMEX Green NPSL 8/2013 | Chase Freedom $1000 Visa 8/2013 | AMEX BCE $7000 2/2014 ==> 2/2013
Valued Contributor
Posts: 2,300
Registered: ‎01-22-2012
0

Re: What triggered auto CLI from Chase?

As enharu said its more likely, but not a guarantee.

If a person has applied for new cards recently, they're less likely to get an auto CLI since they essentially (already) gave into you in the form of a new TL. Heavy usage does play a large role for Chase. I got 2x auto CLIs in 12 months, and both times I was using about 50% of my CL on the card.
FICOs: EX: 826, EQ: 817, TU: 810
Bank of America Privileges with Travel Rewards Visa Signature - $23,200 CL
Chase Sapphire Preferred Visa Signature - $12,700 CL
Chase United MileagePlus Club World Elite MasterCard - $26,500 CL
Citibank American Airlines Executive World Elite MasterCard - $22,500 CL
J.P. Morgan Ritz Carlton Visa Signature - $23,500 CL
Valued Contributor
Posts: 9,045
Registered: ‎10-21-2012
0

Re: What triggered auto CLI from Chase?


CreditScholar wrote:
As enharu said its more likely, but not a guarantee.

If a person has applied for new cards recently, they're less likely to get an auto CLI since they essentially (already) gave into you in the form of a new TL. Heavy usage does play a large role for Chase. I got 2x auto CLIs in 12 months, and both times I was using about 50% of my CL on the card.

+1

 

I have seen heavy usage as a contributing factor IME as well.

Regular Contributor
Posts: 736
Registered: ‎07-22-2013
0

Re: What triggered auto CLI from Chase?

after reading this i went to check my freedom acct and hoping i see a CLI
I see you have payment due 25 bucks young man message Smiley Sad


Current score TU 708, EX 686 EQ 715
Status I.T.Garden Till 08/2014
Frequent Contributor
Posts: 332
Registered: ‎08-07-2013
0

Re: What triggered auto CLI from Chase?

How many months until they reward you?

Capital One Quicksilver MC $3000 6/2011 | Chase Amazon Visa $1400 8/2012 | Citi Diamond Preferred MC $4200 7/2013 | AMEX Green NPSL 8/2013 | Chase Freedom $1000 Visa 8/2013 | AMEX BCE $7000 2/2014 ==> 2/2013
Frequent Contributor
Posts: 347
Registered: ‎01-16-2013
0

Re: What triggered auto CLI from Chase?

I got auto-CLI on both of my Chase cards as well with heavy usage. The CSP is my workhorse and the Amazon for obvious reasons. Both were right around 5 months.



Starting Scores: myFICO EQ: 678, myFICO TU: 676, myFICO EX: 678 (01/2013)
Latest Scores: myFICO EQ: 777, myFICO TU: 789, myFICO EX: 787
My Wallet: Chase Freedom, Discover It, NFCU cashRewards, Capital One Quicksilver, Chase Amazon Rewards
Gardening since 06/08/15
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 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.

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.