08-20-2013 01:05 PM
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.
08-20-2013 01:10 PM
08-20-2013 02:43 PM
08-20-2013 02:58 PM
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.
08-20-2013 06:04 PM
08-20-2013 06:43 PM
08-20-2013 08:15 PM
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.
I have seen heavy usage as a contributing factor IME as well.
08-20-2013 10:00 PM
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
08-21-2013 02:42 AM
How many months until they reward you?
08-21-2013 03:46 AM
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.
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.