firstinlastout wrote:
You are all correct....here is the emai l got back from them in less than 2 hours :
Dear XXXXXXXXX:
Please be advised that when applying for a credit line
increase, we have to obtain a consumer credit report,
which is considered a hard inquiry.
If you have any further questions, please reply using the
Secure Message Center.
Thank you,
Sean Molloy
E-mail Customer Service Representative
1-800-436-7927
Account is owned by Chase Bank USA, N.A. and may be
serviced by its affiliates
So my question to you now is this...since I have 2 other accounts with them, should I go ahead and ask for increases for the 2 other ? I should have just done them all at once... I know. But when I did it, I wasn't aware it would be a HARD pull. What do you all think ? It's been less than 4 hours since the credit line increase request I got approved for. Should I do the other two credit card accounts now ? Will this be shown as an additional two hard pulls or will they see it as one hard pull for all three accounts since it was the same day ?!?!?
Yikes, had to reduce the font, there.
I think that you're in unexplored territory on this one. I don't remember anyone here going for multiple CLI's on Chase on the same day. Worth a try, but I would fully expect more hards.
Try calling CS, and asking immediately to speak to a supe. Don't complain about the first hard; sorry to say, but it's posted all over these forums that Chase hards for CLI's. But do ask whether they would hard you again if you tried for CLI's on the same date.
Even if the person you talk to says no, go for it, I still wouldn't be surprised if you got more inqs. CSR's say all sorts of things, and many of them mean it, but in the end, they will fall back on that policy of "we hard for CLI's."
Normally I would point out here that inqs don't affect your score that much, unless you're already in the upper 700's - 800's, but they might hurt you on future apps, yada yada. But you mentioned a mortgage, and I would definitely think long and hard about risking more inqs when you're headed toward a mortgage. If nothing else, be prepared to explain to the lender that you were not really looking for brand-new credit but were attempting to increase the credit on current accounts. good luck!
* Credit is a wonderful servant, but a terrible master. * Who's the boss --you or your credit?
FICO's: EQ 781 - TU 793 - EX 779 (from PSECU) - Done credit hunting; having fun with credit gardening. - EQ 590 on 5/14/2007
