topic Re: Chase Sapphire Preferred CLI in Credit Card Applications

Chase Sapphire Preferred CLI

yam1rts — Fri, 13 Dec 2024 15:37:00 GMT

I've been checking for a while even after 3 statements posted and NO CLI offers available. "A credit limit increase isn't available for this card right now." Any thoughts? It's my only chase product, SL is 20.4k.

Re: Chase Sapphire Preferred CLI

Aim_High — Fri, 13 Dec 2024 22:05:17 GMT

@yam1rts wrote:
I've been checking for a while even after 3 statements posted and NO CLI offers available. "A credit limit increase isn't available for this card right now." Any thoughts? It's my only chase product, SL is 20.4k.

(1) Are you over 5/24* after the approval? (*5 new revolving personal accounts opened in the prior 24 months; excludes installment loans or business cards.) Chase will not only deny a new card approval for over 5/24 but will also deny CLI.

(2) How much spending have you put on the card relative to the credit limit? If you're not putting some heavy spend on the card, it may take awhile for an offer to show up.

(3) Is three statements the total life of the card?? There are few lenders that come to mind who approve the first soft-pull CLI after 90 days or less. NFCU and AMEX are exceptions. Six months is the average for most lenders for CLIs.

(4) Consider other profile metrics. How is aggregate utilization, for example?

(5) How have you managed the account so far? Paid-in-Full monthly? Carried a balance?

Re: Chase Sapphire Preferred CLI

Snook_on_the_Line — Sat, 14 Dec 2024 16:27:29 GMT

If you're under 5/24 try thru the website rather than the app.

the app told me no increase was available

tried thru the website and was approved after my third statement.

Re: Chase Sapphire Preferred CLI

salt_water_swimming — Tue, 17 Dec 2024 07:58:21 GMT

Chase genuinely is not that big on CLIs. You might just not qualify.

One backdoor to CLIs is to open a new card and re-allocate the limit. That requires being under 5/24 though