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Yes! Chase CLI approved but why so low increase?

Established Contributor

Yes! Chase CLI approved but why so low increase?

I have my chase card for 4 years.  Was approved only $200.00 I asked for $500.00.  Is it because my Credit sccore is at 650?  My question is can I call the backdoor number and ask for more of an increase? 

 

Thanks.

Gardening since 5/3/2016
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3 REPLIES
Valued Contributor

Re: WOOHOOO Chase CLI approved but....


glamchick wrote:

I have my chase card for 4 years.  Was approved only $200.00 I asked for $500.00.  Is it because my Credit sccore is at 650?  My question is can I call the backdoor number and ask for more of an increase? 

 

Thanks.


4 years and only $500 you gotta be kidding me man ;-(

 


Starting Score: 560
Current Score: 748 Wishlist: CSP, Simply Cash, SPG, BOLD, INK, United MP,
Goal Score: 800


Walmart: 10k |Usaa: 8k|BCE: 13k| Amex: NSPL|Dis: 9.4k|Cap: 5.5k|CAP: 2k|CSP: 13.4k| Pen:4.5k

Message 2 of 4
Valued Contributor

Re: WOOHOOO Chase CLI approved but....


nicholasyud wrote:

glamchick wrote:

I have my chase card for 4 years.  Was approved only $200.00 I asked for $500.00.  Is it because my Credit sccore is at 650?  My question is can I call the backdoor number and ask for more of an increase? 

 

Thanks.


4 years and only $500 you gotta be kidding me man ;-(

 


Machines don't think or feel, A bussiness analsyst came up with a formula that is based on current CL, credit score, annual income and computed what percent of increase to give the OP,  Based on the initial CL they gave him a  150% CLI, so they like him, The program didn't take into account that $500 is a low limit, or that $300 isn't verry large increase it simply gave him a 150% CLI that the formula computed, if he would of started with a $5000 CL, he would of been granted a  $7500 CLI to  $12,500. 

 

If you call in and have a manual review he may get more because they can take into account the low starting CL. This is the problem with just barely good enough to get the card. You get to take the slow road and go through backdoors to get to where you would of been naturally if you waited 6 months more and got a good approval. 

 

 

 

Cards: Chase Southwest 20k & CSR 10k & CSP 10k & Freedom 6.6k & Amtrak/Freedom 4.6k, FNBO DISC 25.1k Oregon Duck 5k, & AMEX BCP 15k & Hilton Surpass 7.5k & Delta Gold 6k & Zync NPSL, Fidelity AMEX 17k Commerce5.9k & Cash Forward 7.5k & Sams Club MC 10k, Paypal Extras MC 7.5k, CapOne Venture 15k, QS 2.5k, QS 750, Amazon 5.9k, Walmart 10k, Citi Simplicity 9k, Discover IT 16k and a nice stack of store cards.
Last APP/HP 5/15/2017 Marcus Loan. 30k
Message 3 of 4
Established Contributor

Re: WOOHOOO Chase CLI approved but....

what does the remainder of your credit report show? lates, charge offs, judgements? These too all factor into your credit limit and prospective increases.

Starting scores 01/02/2012 EQ 707(Fico) TU 733(Fico)XP 735 (FAKO)
Updated scores 05/01/17 EQ 824, TU 812 EXP 810 (all Fico scores) Remember the Three P's: Pay early in Full, Pay on Time, Patience
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