amazon rewards cli question

[wrxlover2]

so i was about to pay in full on my first chase amazon rewards statement.but i wanted to talk to everyone here,from what i heard to get a quick cli on some cards your supposed to carry part of your balance for sevveral statements,does anybody know if this card is like that?

[navigatethis12]

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@wrxlover2 wrote:

so i was about to pay in full on my first chase amazon rewards statement.but i wanted to talk to everyone here,from what i heard to get a quick cli on some cards your supposed to carry part of your balance for sevveral statements,does anybody know if this card is like that?

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Never do this for any card just to get a credit limit increase. Chase will give you a credit limit increase even if you never carry a balance; many people on here including me are proof of that. I don't know where you heard that, but it's silly to throw away money in hopes of receiving an increase.

[wrxlover2]

ok great thank you for the quikc response much appreciated

[somnipotent]

Carry a balance if you want to, but definately don't do it for a CLI.  You'd be paying them to allow you to borrow more.  Chase is stingy with CLIs.  You could open up another card and transfer limits if you want to boost your spending power on one card over the other, which is exactly what I did.  My Freedom card is a love child between my Sapphire and United cards.

[longtimelurker]

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@navigatethis12 wrote:

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@wrxlover2 wrote:

so i was about to pay in full on my first chase amazon rewards statement.but i wanted to talk to everyone here,from what i heard to get a quick cli on some cards your supposed to carry part of your balance for sevveral statements,does anybody know if this card is like that?

---

Never do this for any card just to get a credit limit increase. Chase will give you a credit limit increase even if you never carry a balance; many people on here including me are proof of that. I don't know where you heard that, but it's silly to throw away money in hopes of receiving an increase.

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+1.   Also ask yourself "What is the real value to me of a CLI?" and that tells you if it worth paying interest in the HOPE of getting one.  I believe for most the value of a CLI is financially $0 (if you are paying a card several times a month there is some time-saving from getting a bigger CL, but still a small value).  Emotionally, it may have more value, but try to overcome that!