topic Re: Recent Chase CLI, anyone? in Credit Cards

Recent Chase CLI, anyone?

Anonymous — Thu, 21 Aug 2008 16:33:21 GMT

I think the subject pretty much says it all, but has anyone had any success at getting a Chase CLI? I've had a zero or near zero balance for over a year and no lates in 4 years (1 30-day before that). My FICOS are something like 673, 688, and 693 off the top of my head and my total CC utilization is about 41%. What do you think?

Re: Recent Chase CLI, anyone?

fused — Thu, 21 Aug 2008 16:39:38 GMT

Your overall util is a bit high. Chase likes to see some action on your card, you have to use the card. Chase will always (almost) pull a hard inq if the cardholder request's a CLI. If you use the card a lot, Chase will give an auto-CLI w/o a hard inq.

Re: Recent Chase CLI, anyone?

Anonymous — Thu, 21 Aug 2008 16:42:29 GMT

I've had a Chase card for a few years. Last year it went from 4000 to 10000. This past May I asked for a CLI to 15k and was approved......

jv

Re: Recent Chase CLI, anyone?

Anonymous — Thu, 21 Aug 2008 17:07:05 GMT

Had mine since last Feb. requested a CLI and it went from 2k to 4k

Re: Recent Chase CLI, anyone?

Anonymous — Thu, 21 Aug 2008 17:17:04 GMT

Requested and got a small CLI $700 to $1000. Card had just hit the 6 month mark but since then I have gotten many tradelines at least 2.5 to 10 times as high. Used it heavily first 3 months and PIF then I got better products. Much lower APR, much higher CL and better rewards program.

I am clearly unsatisfied with this product and on the fence about simply closing it so I don't get aggravated simply thinking about it.

I am in the classic chicken/egg scenario I refuse to use it until I get better terms etc and they refuse to budge until I use it.

Took the hard for the CLI so I will keep it open and give it the smallest amount of use possible then close it at one year mark. If it gets closed for non-use I wont lose any sleep over it.

Re: Recent Chase CLI, anyone?

Anonymous — Thu, 21 Aug 2008 17:22:02 GMT

I've had a zero or near zero balance for over a year

Not good - Chase likes to see usage. Have you card show a 5-6% balance for a few months. Actually, Chase is quite generous with their CLI's.

Re: Recent Chase CLI, anyone?

Anonymous — Thu, 21 Aug 2008 17:38:34 GMT

Since it has a pretty high APR, I'm not sure I can stomach a 5-6% balance every month. My main reason for the CLI is that they're offering me some pretty good BT's (see my other thread). I do use it almost every month for a small purchase here and there, but I PIF. Does that help?

Re: Recent Chase CLI, anyone?

MidnightVoice — Thu, 21 Aug 2008 17:42:27 GMT

I aked for a Chase CLI last fall and went from $2K to $8.5K. I had never carried a balance, but I put through $500 to $1000 every month and piffed.

But my overall util on other cards was less than 5%

Re: Recent Chase CLI, anyone?

Anonymous — Thu, 21 Aug 2008 18:46:40 GMT

I just got a CLI with Chase after only 2 statements, BUT in my defense, the limit was absurd at $1K and I was putting through 2x the limit every month and PIF about 5x a month in payments of $300-400 each payment. It was really necessary for me to get a CLI to continue using the card as much as I was and they gave me an increase to $3K. I did take a hard hit for it.

Re: Recent Chase CLI, anyone?

Anonymous — Thu, 21 Aug 2008 18:58:26 GMT

orchard 200.00 cli i threaten to close 900 limit try backdoor number...

Re: Recent Chase CLI, anyone?

Anonymous — Thu, 21 Aug 2008 19:48:40 GMT

In October I got a Chase Platinum Visa 6.5K. In June, when it was between 5-5.5K and I knew I was going to get really close to maxing it out I requested a CLI and got one to 13K. At no point has my balance been under 4.8K and even now it is still over 5.5K.

Yes it was a hard inquiry, but well worth it.

Re: Recent Chase CLI, anyone?

Anonymous — Thu, 21 Aug 2008 23:44:33 GMT

I've had the Chase Freedom since 07, with an initial limit of 500.00. I requested a CLI with a hard and was moved up to 650.00 I told the rep, that was it and she said yes, but it's a good thing. Yeah, the increase is good, but not worth the hard inq.

Anyway, recently this month in August, I called Chase back for round two. I explained how I have been paying multiple times and "I did not want to accidently go over the limit, because I make many purchases and pay many times a month". I explained how I received my first limit and still don't feel the inq was worth the small increase of 150.00 dollars and asked if I could get another increase that was more "substantial" to my spending pattern on the card. The rep said suprisingly, he would use the old inq and put me on hold and about 2 minutes later came back and said it was approved to 3,000.

That was a shocker to me and I just didn't expect such good results. So I went from 650 - 3000 a 361.5% Increase!

Re: Recent Chase CLI, anyone?

Anonymous — Fri, 22 Aug 2008 00:39:00 GMT

Holy crap. You've got me beat by a longshot. That's awesome. I can NOT believe you got them to use an old inquiry!

Steven_S wrote:
I've had the Chase Freedom since 07, with an initial limit of 500.00. I requested a CLI with a hard and was moved up to 650.00 I told the rep, that was it and she said yes, but it's a good thing. Yeah, the increase is good, but not worth the hard inq.

Anyway, recently this month in August, I called Chase back for round two. I explained how I have been paying multiple times and "I did not want to accidently go over the limit, because I make many purchases and pay many times a month". I explained how I received my first limit and still don't feel the inq was worth the small increase of 150.00 dollars and asked if I could get another increase that was more "substantial" to my spending pattern on the card. The rep said suprisingly, he would use the old inq and put me on hold and about 2 minutes later came back and said it was approved to 3,000.

That was a shocker to me and I just didn't expect such good results. So I went from 650 - 3000 a 361.5% Increase!

Re: Recent Chase CLI, anyone?

smallfry — Fri, 22 Aug 2008 02:17:45 GMT

@MidnightVoice wrote:
I aked for a Chase CLI last fall and went from $2K to $8.5K. I had never carried a balance, but I put through $500 to $1000 every month and piffed.
But my overall util on other cards was less than 5%

MV they are short changing you on that credit limit. I started a bit over a year ago at 5K managed to bump it to 10K with a hard on a recon. I use the card two out of every three months maybe 300-500 monthly when I do use it. I always PIF half the time before the statement cuts.

You have a clean report they should be treating you better than that. Maybe the sockdrawer might shake the tree a bit.

Re: Recent Chase CLI, anyone?

smallfry — Fri, 22 Aug 2008 02:18:58 GMT

@Anonymous wrote:
I've had the Chase Freedom since 07, with an initial limit of 500.00. I requested a CLI with a hard and was moved up to 650.00 I told the rep, that was it and she said yes, but it's a good thing. Yeah, the increase is good, but not worth the hard inq.
Anyway, recently this month in August, I called Chase back for round two. I explained how I have been paying multiple times and "I did not want to accidently go over the limit, because I make many purchases and pay many times a month". I explained how I received my first limit and still don't feel the inq was worth the small increase of 150.00 dollars and asked if I could get another increase that was more "substantial" to my spending pattern on the card. The rep said suprisingly, he would use the old inq and put me on hold and about 2 minutes later came back and said it was approved to 3,000.
That was a shocker to me and I just didn't expect such good results. So I went from 650 - 3000 a 361.5% Increase!

Nice.

Re: Recent Chase CLI, anyone?

MidnightVoice — Fri, 22 Aug 2008 02:38:24 GMT

@smallfry wrote:

@MidnightVoice wrote:
I aked for a Chase CLI last fall and went from $2K to $8.5K. I had never carried a balance, but I put through $500 to $1000 every month and piffed.
But my overall util on other cards was less than 5%

MV they are short changing you on that credit limit. I started a bit over a year ago at 5K managed to bump it to 10K with a hard on a recon. I use the card two out of every three months maybe 300-500 monthly when I do use it. I always PIF half the time before the statement cuts.

You have a clean report they should be treating you better than that. Maybe the sockdrawer might shake the tree a bit.

I got what I asked for in terms of CLI, so I am not complaining. I don't actually need higher credit limits, and they have no obligation to give me a CLI for nothing. I will prod each card every year or so and see what I get. If I have not got an auto CLI from chase, I might spend an inq for one if I feel like it, or I might not. I must say I prefer softs, but again, they can do what they want. If I get a CLD I will re-evaluate the situation

And I only keep cards I want to use for certain reasons, so I won't be retiring any of them at all. They all have specific uses, and I keep them going