topic Re: Is a Chase Freedom cli worth the hp? in Credit Card Applications

Is a Chase Freedom cli worth the hp?

Anonymous — Sat, 27 May 2017 20:33:44 GMT

I've read on the forum that Chase is horrible when it comes to cli's. I've read that auto cli's are virtually none existent. Is it worth the hp? I've got 10 now so I'd hate to waste one and only get a minuscule increase or worse, be denied. Thoughts?

Re: Is a Chase Freedom cli worth the hp?

Gmood1 — Sat, 27 May 2017 21:22:44 GMT

Just my opinion, I'd find another card they offer that is useful. You can always shuffle limits around when needed.

Re: Is a Chase Freedom cli worth the hp?

Anonymous — Sat, 27 May 2017 23:24:40 GMT

You would would probably be better off by just applying for a new card and moving limits over. Even if you are beyond 5/24, there are several cobranded cards which are not under this restriction (Chase Amazon comes to mind, there are others as well), and from what I understand, it is just as easy to transfer over limits from those cards to your freedom.

Re: Is a Chase Freedom cli worth the hp?

Anonymous — Sun, 28 May 2017 00:28:47 GMT

I agree with what the others have said. Scooping up another card would give you several times more (at least) than any CLI you'd get from the HP. If you choose one of their higher SL cards like the CSP or CSR you should get plenty enough in terms of a SL to slide what you need over to the card you really want. Then you could at some point consider a PC downgrade to one of the other Chase cards that has no AF that you may find useful.

Re: Is a Chase Freedom cli worth the hp?

Journeygod — Fri, 02 Jun 2017 12:00:37 GMT

@Anonymous wrote:
I've read on the forum that Chase is horrible when it comes to cli's. I've read that auto cli's are virtually none existent. Is it worth the hp? I've got 10 now so I'd hate to waste one and only get a minuscule increase or worse, be denied. Thoughts?

Short answer: No

Long answer: Hell no

Chase sucks, period. The only cards worth applying for are their co-branded cards.

Rule of thumb: NEVER apply for a CLI with a hardpull. If it ain't soft, I don't want it.

Save hardpulls for new apps. They're too valuable.

Re: Is a Chase Freedom cli worth the hp?

Anonymous — Fri, 02 Jun 2017 12:04:42 GMT

I was able to go from 2k to 7k after about 11months of conservative usage.....

Re: Is a Chase Freedom cli worth the hp?

pipeguy — Fri, 02 Jun 2017 12:20:57 GMT

@Journeygod wrote:
@Anonymous wrote:
I've read on the forum that Chase is horrible when it comes to cli's. I've read that auto cli's are virtually none existent. Is it worth the hp? I've got 10 now so I'd hate to waste one and only get a minuscule increase or worse, be denied. Thoughts?
Short answer: No

Long answer: Hell no

Chase sucks, period. The only cards worth applying for are their co-branded cards.

Rule of thumb: NEVER apply for a CLI with a hardpull. If it ain't soft, I don't want it.
Save hardpulls for new apps. They're too valuable.

With all due respect I disagree with this highlighted statement for two reasons, #1 hard pulls are no big deal, they last 1 year as far as scoring and once you get over 5 or 6 there is no additional score penalty which is minor anyway. #2: if I can get a $5k to $10k+ CLI and have to "suffer" a hard pull, thats well worth it IMO.

I recently added $15k to my two BoA cards (HP), as far as Chase, my Freedom Unlimited went from $2k to $10k with a HP last year. I have a lot of HP's on all three CRA's (20+ on each) and it doesn't stop me from getting new cards (example last month joined NFCU with a GoRewards Visa $23,500 SL) or credit limit increases.

As far as the question the OP asked I have a Freedom Unlimited which started out as a basic Freedom and I used a HP to go from $2k to $10k as I stated above, that said it's a higher APR card that I use very little because I have other cards that offer better rewards and lower APR's even those I usually PIF and always PIF with the Freedom Unlimited card. I'd suggest if you are going to use a HP on Chase you app for the AARP card - cash sign up spend-bonus, better rewards and changes are a decent SL.

Re: Is a Chase Freedom cli worth the hp?

Anonymous — Fri, 02 Jun 2017 12:57:49 GMT

@pipeguy wrote:
@Journeygod wrote:
@Anonymous wrote:
I've read on the forum that Chase is horrible when it comes to cli's. I've read that auto cli's are virtually none existent. Is it worth the hp? I've got 10 now so I'd hate to waste one and only get a minuscule increase or worse, be denied. Thoughts?
Short answer: No

Long answer: Hell no

Chase sucks, period. The only cards worth applying for are their co-branded cards.

Rule of thumb: NEVER apply for a CLI with a hardpull. If it ain't soft, I don't want it.
Save hardpulls for new apps. They're too valuable.
With all due respect I disagree with this highlighted statement for two reasons, #1 hard pulls are no big deal, they last 1 year as far as scoring and once you get over 5 or 6 there is no additional score penalty which is minor anyway. #2: if I can get a $5k to $10k+ CLI and have to "suffer" a hard pull, thats well worth it IMO.

I recently added $15k to my two BoA cards (HP), as far as Chase, my Freedom Unlimited went from $2k to $10k with a HP last year. I have a lot of HP's on all three CRA's (20+ on each) and it doesn't stop me from getting new cards (example last month joined NFCU with a GoRewards Visa $23,500 SL) or credit limit increases.

As far as the question the OP asked I have a Freedom Unlimited which started out as a basic Freedom and I used a HP to go from $2k to $10k as I stated above, that said it's a higher APR card that I use very little because I have other cards that offer better rewards and lower APR's even those I usually PIF and always PIF with the Freedom Unlimited card. I'd suggest if you are going to use a HP on Chase you app for the AARP card - cash sign up spend-bonus, better rewards and changes are a decent SL.

I think your rule of thumb makes a lot of sense!

Re: Is a Chase Freedom cli worth the hp?

Anonymous — Fri, 02 Jun 2017 13:26:04 GMT

@Anonymous wrote:
@pipeguy wrote:
@Journeygod wrote:
@Anonymous wrote:
I've read on the forum that Chase is horrible when it comes to cli's. I've read that auto cli's are virtually none existent. Is it worth the hp? I've got 10 now so I'd hate to waste one and only get a minuscule increase or worse, be denied. Thoughts?
Short answer: No

Long answer: Hell no

Chase sucks, period. The only cards worth applying for are their co-branded cards.

Rule of thumb: NEVER apply for a CLI with a hardpull. If it ain't soft, I don't want it.
Save hardpulls for new apps. They're too valuable.
With all due respect I disagree with this highlighted statement for two reasons, #1 hard pulls are no big deal, they last 1 year as far as scoring and once you get over 5 or 6 there is no additional score penalty which is minor anyway. #2: if I can get a $5k to $10k+ CLI and have to "suffer" a hard pull, thats well worth it IMO.

I recently added $15k to my two BoA cards (HP), as far as Chase, my Freedom Unlimited went from $2k to $10k with a HP last year. I have a lot of HP's on all three CRA's (20+ on each) and it doesn't stop me from getting new cards (example last month joined NFCU with a GoRewards Visa $23,500 SL) or credit limit increases.

As far as the question the OP asked I have a Freedom Unlimited which started out as a basic Freedom and I used a HP to go from $2k to $10k as I stated above, that said it's a higher APR card that I use very little because I have other cards that offer better rewards and lower APR's even those I usually PIF and always PIF with the Freedom Unlimited card. I'd suggest if you are going to use a HP on Chase you app for the AARP card - cash sign up spend-bonus, better rewards and changes are a decent SL.
I think your rule of thumb makes a lot of sense!

This rule of thumb will have you stuck at your SL because auto increases are few and far between....just my 2 cents....

Re: Is a Chase Freedom cli worth the hp?

Anonymous — Fri, 02 Jun 2017 16:45:22 GMT

@Anonymous wrote:
@Anonymous wrote:
@pipeguy wrote:
@Journeygod wrote:
@Anonymous wrote:
I've read on the forum that Chase is horrible when it comes to cli's. I've read that auto cli's are virtually none existent. Is it worth the hp? I've got 10 now so I'd hate to waste one and only get a minuscule increase or worse, be denied. Thoughts?
Short answer: No

Long answer: Hell no

Chase sucks, period. The only cards worth applying for are their co-branded cards.

Rule of thumb: NEVER apply for a CLI with a hardpull. If it ain't soft, I don't want it.
Save hardpulls for new apps. They're too valuable.
With all due respect I disagree with this highlighted statement for two reasons, #1 hard pulls are no big deal, they last 1 year as far as scoring and once you get over 5 or 6 there is no additional score penalty which is minor anyway. #2: if I can get a $5k to $10k+ CLI and have to "suffer" a hard pull, thats well worth it IMO.

I recently added $15k to my two BoA cards (HP), as far as Chase, my Freedom Unlimited went from $2k to $10k with a HP last year. I have a lot of HP's on all three CRA's (20+ on each) and it doesn't stop me from getting new cards (example last month joined NFCU with a GoRewards Visa $23,500 SL) or credit limit increases.

As far as the question the OP asked I have a Freedom Unlimited which started out as a basic Freedom and I used a HP to go from $2k to $10k as I stated above, that said it's a higher APR card that I use very little because I have other cards that offer better rewards and lower APR's even those I usually PIF and always PIF with the Freedom Unlimited card. I'd suggest if you are going to use a HP on Chase you app for the AARP card - cash sign up spend-bonus, better rewards and changes are a decent SL.
I think your rule of thumb makes a lot of sense!
This rule of thumb will have you stuck at your SL because auto increases are few and far between....just my 2 cents....

I don't disagree, but while I'm sitting at close to double-digit inquires, it doesn't make sense to risk it now. Can you imagine adding another inquiry and then getting the cli denied because of too many inquires!?!

Re: Is a Chase Freedom cli worth the hp?

MrDisco99 — Fri, 02 Jun 2017 17:23:24 GMT

In general, using a HP for a CLI just seems like a risk not worth taking. Unless you're all set with the mortgage, loans, and cards you want, you probably want to save those for new accounts. If you are all set, though, then maybe the HP isn't worth as much to you.

Thankfully my two Chase cards both came with very high SL's, so I don't think I'll be pursuing CLIs on those anyway. I'll be working on my Amex and Citi cards which have lower limits now, but more likely SP CLI options.

Re: Is a Chase Freedom cli worth the hp?

Jerry45 — Fri, 02 Jun 2017 21:21:59 GMT

@Gmood1 wrote:
Just my opinion, I'd find another card they offer that is useful. You can always shuffle limits around when needed.

Re: Is a Chase Freedom cli worth the hp?

Jerry45 — Fri, 02 Jun 2017 21:24:37 GMT

@Anonymous wrote:
I've read on the forum that Chase is horrible when it comes to cli's. I've read that auto cli's are virtually none existent. Is it worth the hp? I've got 10 now so I'd hate to waste one and only get a minuscule increase or worse, be denied. Thoughts?

A little info on my situation if it helps. I have had the Freedom for 3 years with no bump. Some point this month I am just going to apply for the freedom Unlimited, and move some money over( If approved LOL).

As long as Chase does not double dip on the HP, might as well go for another card. good Luck

Re: Is a Chase Freedom cli worth the hp?

Anonymous — Fri, 02 Jun 2017 21:37:07 GMT

@Jerry45 wrote:
@Anonymous wrote:
I've read on the forum that Chase is horrible when it comes to cli's. I've read that auto cli's are virtually none existent. Is it worth the hp? I've got 10 now so I'd hate to waste one and only get a minuscule increase or worse, be denied. Thoughts?
A little info on my situation if it helps. I have had the Freedom for 3 years with no bump. Some point this month I am just going to apply for the freedom Unlimited, and move some money over( If approved LOL).

As long as Chase does not double dip on the HP, might as well go for another card. good Luck

Well if you are going to use a HP anyway to apply for the FU, why not go for the increase first and use the same HP for the Freedom. If you get the increase you want, you wont have to open another card and effect your AAOA.....just my thoughts...good luck!!

Re: Is a Chase Freedom cli worth the hp?

Anonymous — Fri, 02 Jun 2017 22:00:55 GMT

Wow, applying for a new card with an HP and moving balances around makes so much more sense than CLI request with an HP and maybe getting a denial.

Ideas like this are why I love MFF here.

Re: Is a Chase Freedom cli worth the hp?

Anonymous — Sat, 03 Jun 2017 00:05:42 GMT

@Anonymous wrote:
Wow, applying for a new card with an HP and moving balances around makes so much more sense than CLI request with an HP and maybe getting a denial.

Ideas like this are why I love MFF here.

This has to be sarcasm.....lol...

Re: Is a Chase Freedom cli worth the hp?

Jerry45 — Tue, 06 Jun 2017 15:29:04 GMT

@Anonymous wrote:
@Jerry45 wrote:
@Anonymous wrote:
I've read on the forum that Chase is horrible when it comes to cli's. I've read that auto cli's are virtually none existent. Is it worth the hp? I've got 10 now so I'd hate to waste one and only get a minuscule increase or worse, be denied. Thoughts?
A little info on my situation if it helps. I have had the Freedom for 3 years with no bump. Some point this month I am just going to apply for the freedom Unlimited, and move some money over( If approved LOL).

As long as Chase does not double dip on the HP, might as well go for another card. good Luck
Well if you are going to use a HP anyway to apply for the FU, why not go for the increase first and use the same HP for the Freedom. If you get the increase you want, you wont have to open another card and effect your AAOA.....just my thoughts...good luck!!

Interesting thanks.

Re: Is a Chase Freedom cli worth the hp?

Jerry45 — Tue, 06 Jun 2017 15:31:28 GMT

@Anonymous wrote:
Wow, applying for a new card with an HP and moving balances around makes so much more sense than CLI request with an HP and maybe getting a denial.

Ideas like this are why I love MFF here.

I should have clarified. I want the 15 month 0% also. Brother did a HP CLI with Chase and was denied. CLI is no given

Re: Is a Chase Freedom cli worth the hp?

Anonymous — Tue, 06 Jun 2017 19:30:33 GMT

@Jerry45 wrote:
As long as Chase does not double dip on the HP, might as well go for another card. good Luck

Unfortunately, there's no way of knowing if Chase will single or double pull you. The pulls are on different bureaus, of course, so depending on how your inquries look across the 3B you can consider whether or not the double vs single pull would be at all meaningful.

Re: Is a Chase Freedom cli worth the hp?

Journeygod — Wed, 07 Jun 2017 17:11:58 GMT

@pipeguy wrote:
@Journeygod wrote:
@Anonymous wrote:
I've read on the forum that Chase is horrible when it comes to cli's. I've read that auto cli's are virtually none existent. Is it worth the hp? I've got 10 now so I'd hate to waste one and only get a minuscule increase or worse, be denied. Thoughts?
Short answer: No

Long answer: Hell no

Chase sucks, period. The only cards worth applying for are their co-branded cards.

Rule of thumb: NEVER apply for a CLI with a hardpull. If it ain't soft, I don't want it.
Save hardpulls for new apps. They're too valuable.
With all due respect I disagree with this highlighted statement for two reasons, #1 hard pulls are no big deal, they last 1 year as far as scoring and once you get over 5 or 6 there is no additional score penalty which is minor anyway. #2: if I can get a $5k to $10k+ CLI and have to "suffer" a hard pull, thats well worth it IMO.

I recently added $15k to my two BoA cards (HP), as far as Chase, my Freedom Unlimited went from $2k to $10k with a HP last year. I have a lot of HP's on all three CRA's (20+ on each) and it doesn't stop me from getting new cards (example last month joined NFCU with a GoRewards Visa $23,500 SL) or credit limit increases.

As far as the question the OP asked I have a Freedom Unlimited which started out as a basic Freedom and I used a HP to go from $2k to $10k as I stated above, that said it's a higher APR card that I use very little because I have other cards that offer better rewards and lower APR's even those I usually PIF and always PIF with the Freedom Unlimited card. I'd suggest if you are going to use a HP on Chase you app for the AARP card - cash sign up spend-bonus, better rewards and changes are a decent SL.

With all due respect, I pulled an additional $60,000 in credit last year, all on soft pulls of pre-existing cards.

Hardpulls sit on your report for 2 years and with increases you never know what they're going to give you. Why waste a hardpull on that?

Save hardpulls for new cards. Statistically SL's are larger than CLI anyway.