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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.