topic Re: chase auto increase experience in Credit Card Approvals

chase auto increase experience

jcstarkey8826 — Thu, 10 Jan 2013 15:50:59 GMT

Just wondering, as I'm coming up on my 6 months in March, I hear they offer an increase. Just wondering what your experiences where with that increase.

Particularly those that had to recon and JUST got their foot in the door and got the toy $500 CL.

what were your scores, usage, etc?

Re: chase auto increase experience

youngandcreditwrthy — Thu, 10 Jan 2013 15:53:13 GMT

Eh Chase isn't well with clis in general. I've had two freedoms and a slate since 07. Only one auto cli that whole time. Lol :-0

Re: chase auto increase experience

jcstarkey8826 — Thu, 10 Jan 2013 16:34:44 GMT

@youngandcreditwrthy wrote:
Eh Chase isn't well with clis in general. I've had two freedoms and a slate since 07. Only one auto cli that whole time. Lol :-0

WOW! did you start with a toy limit?

I'm hoping that they will see me puting through over 1k a month on the card and help me out a bit! I get so tired of making all of these payments. I cant wait to have a card with a 2k limit. It will be the only one I use. I dont care about interest rate or rewards, I just want to ease my payments up!

Re: chase auto increase experience

Revelate — Thu, 10 Jan 2013 16:49:55 GMT

I believe the general consensus is in order to get CLI's from Chase (typically) you need to request it, and it will be a HP. There's been some anecdotal SP success through the executive office but YMMV.

In your situation with a "toy limit" Freedom that I'd been using well for six months, if I didn't have a mortgage coming up in call it 12 months I'd take the HP for a potential increase. I think the possible upside outweighs a short-term penalty on a single credit report if nothing else is in the pipeline.

Re: chase auto increase experience

Walt_K — Thu, 10 Jan 2013 17:15:20 GMT

I was given the Freedom with a $5500 initial CL. I reconned it at the time of approval and asked for a higher limit, took another hard pull, and the CLI was declined. The reason they gave me was prior late payments on a Chase account and other accounts (I had a series of lates, some 120+, four years ago). They wanted to see how I did with that limit first.

Fast forward to last weekend. I applied for a second Chase card, the CSP. Initial CL was $29,700. I had used my Chase Freedom modestly, running about $7000 total through it. I carried a pretty high balance for a while taking advantage of the 0% promo APR. I had paid it off completely before applying for the CSP. There was about 8 months between applying for Freedom and CSP.

So I know there are some differences as you're asking about initial CLs of $500, but at least in my experience, after seeing me handle the first card responsibly for a fairly short time period, they gave me a much better CL on a second card. Perhaps other people can comment on whether or not they've had similar experiences. It might be better to just apply for a second card, especially if you're going to take a hard pull anywyay.

Re: chase auto increase experience

creditnocash — Thu, 10 Jan 2013 17:32:29 GMT

@jc.

i got my freedom back in july apped over the phone and only got a 500 limit due to no other non store cards. aaoa at the time was about a year and a half.

basically maxed it out and pif every month i had it except for maybe one month.(not maxing out)

they auto cli from 500 to 1k after my 5th statement.

i charged about 800 on it and pif maybe another auto cli.... lol

but since then i have gotten another 2k card and a 5k card also a zync. so anythings possible.

after all my inquries age over a year im thinking about asking for a real cli but i dont think i will.

Re: chase auto increase experience

Epcot — Thu, 10 Jan 2013 17:57:24 GMT

Back about six years ago I got the Slate with a 3 digit toy limit. I have PIF, left a small balance, left a big balance etc over the course of the years. Never gotten an increase. When I asked about it a few years back they said it will cost me a HP. I said no thanks.

A few months ago I apped for a different Chase card and ended up with a 5 digit CL.

Re: chase auto increase experience

jcstarkey8826 — Thu, 10 Jan 2013 18:00:26 GMT

@creditnocash wrote:
@Anonymous.

i got my freedom back in july apped over the phone and only got a 500 limit due to no other non store cards. aaoa at the time was about a year and a half.

basically maxed it out and pif every month i had it except for maybe one month.(not maxing out)
they auto cli from 500 to 1k after my 5th statement.
i charged about 800 on it and pif maybe another auto cli.... lol

but since then i have gotten another 2k card and a 5k card also a zync. so anythings possible.
after all my inquries age over a year im thinking about asking for a real cli but i dont think i will.

thats great news, congrats. I was hoping after seeing my usage and how I handle the account they would boost it a bit. I also switched my checking account and they have my DD of 3k/month going in. So with all of that I would hope they increase me.

I still need to have someone from citizens SP me for a pre approval. Might be paying some CC's ahead of statement date for optimal chances. hah

Re: chase auto increase experience

youngandcreditwrthy — Thu, 10 Jan 2013 18:34:30 GMT

Well... One started with a $400 limit then was auto cli to $700 exactly a year in... Closed it like two years later bc of no cli. had a Slate that stayed at $2500 for two years- no cli! and increase in apr, so I closed it. My $5k Freedom

is my only open, active Chase account. Ive banked with them for four years nearly too!! Eh :-/

Re: chase auto increase experience

navigatethis12 — Thu, 10 Jan 2013 19:27:58 GMT

A lot of the automated increases reporting from Chase seem to be from people who have very low limits (below 2000). There have been people on here reporting an increase with a limit over 10000, but that seems more rare. A person claiming to be a Chase credit analyst on Fatwallet claimed that Chase's system looks at every account every six months and will give an increase if everything is good. I have never received an automated increase.

Re: chase auto increase experience

SportBike4Life — Thu, 10 Jan 2013 19:37:10 GMT

I actually just received an automatic credit limit increase for my Chase Freedom card from 1,500 to 1,800. I did not get any notification -- I keep track of all of my credit limits so I know when (and how much) they change by.

Re: chase auto increase experience

jcstarkey8826 — Thu, 10 Jan 2013 19:38:51 GMT

@navigatethis12 wrote:
A lot of the automated increases reporting from Chase seem to be from people who have very low limits (below 2000). There have been people on here reporting an increase with a limit over 10000, but that seems more rare. A person claiming to be a Chase credit analyst on Fatwallet claimed that Chase's system looks at every account every six months and will give an increase if everything is good. I have never received an automated increase.

I've also noticed increases on lower limits, which is why I aimed it towards the lower starter limits they gave some of us. I'm hoping they wont stick me with this low limit very long. I understand the need to start me out that way, but with me adding them to my banking relationship, pif multiple times per month using over 1k every month on a consistent basis, im hoping that helps. My score hasnt moved much since getting the card, but my usage has been just fine with the.m

Re: chase auto increase experience

Anonymous — Thu, 10 Jan 2013 19:42:04 GMT

@navigatethis12 wrote:
A lot of the automated increases reporting from Chase seem to be from people who have very low limits (below 2000). There have been people on here reporting an increase with a limit over 10000, but that seems more rare. A person claiming to be a Chase credit analyst on Fatwallet claimed that Chase's system looks at every account every six months and will give an increase if everything is good. I have never received an automated increase.

Same here, I got my Chase Amazon in 2004, and it is still at its original CL (23.5K). I'm not sure I ever got an auto-CLI from ANY issuer with a card over 15K.

Re: chase auto increase experience

jcstarkey8826 — Thu, 10 Jan 2013 19:45:07 GMT

@Anonymous wrote:
@navigatethis12 wrote:
A lot of the automated increases reporting from Chase seem to be from people who have very low limits (below 2000). There have been people on here reporting an increase with a limit over 10000, but that seems more rare. A person claiming to be a Chase credit analyst on Fatwallet claimed that Chase's system looks at every account every six months and will give an increase if everything is good. I have never received an automated increase.
Same here, I got my Chase Amazon in 2004, and it is still at its original CL (23.5K). I'm not sure I ever got an auto-CLI from ANY issuer with a card over 15K.

heck if I was getting that kind of limit I wouldnt need an increase haha

$500 limit has been my highest limit and Ive had my charter one card for a year now, still no CLI on it, so Im hoping chase shows me some love so I can stop using charter one until they decide im worthy

Re: chase auto increase experience

Anonymous — Thu, 10 Jan 2013 21:09:36 GMT

Ahh this thread is making me want a credit increase from chase...must...resist ...haven't gottencan auto CLI yet maybe once my debt gets paid off yell give me it

Re: chase auto increase experience

mxp114 — Wed, 23 Jan 2013 23:07:55 GMT

I just logged in and noticed my JP Morgan Select got bumped, so I just moved that over to my CSP and left the $5k min on the Select. This was an auto which is unusual because I rarely use the Select.

Re: chase auto increase experience

emptypockets — Fri, 11 Jan 2013 02:50:11 GMT

I have a Chase Freedom and CSP opened in June/July 2012. The Freedom had a 8k limit when opened. I got an Auto CLI in November to 10.2k. I used the card regularly, and had a 1k bal from a 0% BT on the card at the time of the CLI. No increase so far on the CSP (15.7k limit).

Re: chase auto increase experience

CreditScholar — Fri, 11 Jan 2013 06:42:29 GMT

@navigatethis12 wrote:
A lot of the automated increases reporting from Chase seem to be from people who have very low limits (below 2000). There have been people on here reporting an increase with a limit over 10000, but that seems more rare. A person claiming to be a Chase credit analyst on Fatwallet claimed that Chase's system looks at every account every six months and will give an increase if everything is good. I have never received an automated increase.

It happens at higher CLs too. I got an auto-CLI from 18k to 25k on my United card after only 3 months. I run about 10k per month through that, so I'm sure usage played a part.

Re: chase auto increase experience

jcstarkey8826 — Fri, 11 Jan 2013 14:31:33 GMT

@CreditScholar wrote:
@navigatethis12 wrote:
A lot of the automated increases reporting from Chase seem to be from people who have very low limits (below 2000). There have been people on here reporting an increase with a limit over 10000, but that seems more rare. A person claiming to be a Chase credit analyst on Fatwallet claimed that Chase's system looks at every account every six months and will give an increase if everything is good. I have never received an automated increase.
It happens at higher CLs too. I got an auto-CLI from 18k to 25k on my United card after only 3 months. I run about 10k per month through that, so I'm sure usage played a part.

Im trying to put as much through it as possible to show them that I need the increase and spend to match it. Not much, 1k would be fine for now. I just pif last friday then charged $486 to it, had to wait three business days before I could make another payment, then pif, followed by $450 in charges that Im waiting again until thursday to pif and start the vicious cycle all over again lol

Im hoping when they see this in March it would make sense that I can handle the CLI and not only that, but It would really make things a lot easier for me.

Re: chase auto increase experience

ObeyJohnny12 — Fri, 11 Jan 2013 14:42:23 GMT

I'm using my Freedom heavily and pif before the statement cuts but still no auto cli.

I took a hp on Nov, and raised it's limit by 2k.

I'm hoping my heavy usage and pif on time helps me get the CSP in the future if i happen to recon for it if i'm not instantly approved.