topic Re: How is Chase with CLIs Lately? in Credit Cards

How is Chase with CLIs Lately?

smc733 — Sat, 06 Jun 2015 13:16:49 GMT

Hi All,

This is probably a moot point for a while, given that Discover is going to become my primary card for the next 12 months while this double cash promotion is ongoing...

But I just had my BofA increased (with hard pull) from $10k to $25k, which I thought was worth it. Now BofA, Discover and Amex are leaving Chase and Citi behind (I won't bother a hard pull on Citi, as I hate them anyway), but I would like to get my freedom into the 20s. Some say their CLIs aren't worth it, is this the case, even at high CLs? I won't bother opening a new card and closing it, don't want to hurt my AAoA, but I'm open to a hard pull if everyone thinks the results could be worth it.

Thanks,

smc

Re: How is Chase with CLIs Lately?

Anonymous — Sat, 06 Jun 2015 13:26:04 GMT

No personal experience with a CLI on Chase, but Chase can be extremely generous or extremely stingy depending on whether or not they like you and your credit profile. One thing they're really harping on right now is # of accounts opened in the past 2 years, and specifically no more than 5. I'm not sure if that affects their CLIs, but it's been widely suspected to be affecting new approvals so wouldn't be surprised if CLIs were also affected. So if you have a lot of new accounts I'd play it safe, otherwise with your great limits on other cards, maybe give it a shot and see what happens. It will be a hard pull, just FYI.

Re: How is Chase with CLIs Lately?

Anonymous — Sat, 06 Jun 2015 13:28:03 GMT

At 10k already I wouldn't risk it...not known for being very generous with clis and definitely a hp

Re: How is Chase with CLIs Lately?

kdm31091 — Sat, 06 Jun 2015 13:45:35 GMT

Don't waste your HP. CLIs with Chase are a waste of time.

If you like their products, have them and use them but don't expect them to grow. It's just how they are. If you want growth, Discover, Amex, even Capital One is a better choice usually.

10k is plenty for a Freedom. With Discover's promo there is very little reason to even use the Freedom for anything but the categories not available on Discover in a given quarter. Definitely no reason to spend anything close to 10k on the Freedom

Re: How is Chase with CLIs Lately?

Credit-hoarder — Sat, 06 Jun 2015 14:51:16 GMT

kdm31091 wrote:
Don't waste your HP. CLIs with Chase are a waste of time.

If you like their products, have them and use them but don't expect them to grow. It's just how they are. If you want growth, Discover, Amex, even Capital One is a better choice usually.

10k is plenty for a Freedom. With Discover's promo there is very little reason to even use the Freedom for anything but the categories not available on Discover in a given quarter. Definitely no reason to spend anything close to 10k on the Freedom

OP: I solidly agree with this 100%...Although you already have a high limit so they MAY be willing to extend you more credit. It's when you have low lines and high APRs like I do with them that you're card remains stuck at that level for life. I've come to terms with that fact-and along with never applying for cards with them again also will never take a HP for a CLI with them again either. I already did once a while back and came up empty handed.

Re: How is Chase with CLIs Lately?

smc733 — Sat, 06 Jun 2015 15:15:51 GMT

Thanks all! Lots of great feedback.

That settles it, I will leave the card as-is. I've only been using it for 5% categories, anyhow. As much as I love Chase's products, I hate the bank (lackluster service (at least on this card), no APR reductions (at 15.24%), stingy customer-unfriendly practices).

$10k is probably enough, given the most this card ever sees in a month is a maximum of $1,000. I'll focus on getting Amex and Discover to mach the $25k on BofA next, they're both soft pulls and they're very close.

Can't wait to put this 2%/10% Discover through some HEAVY use this year.

Re: How is Chase with CLIs Lately?

Anonymous — Sat, 06 Jun 2015 15:27:18 GMT

came here hoping to read good news but things are still the same. july will be my 6th month with my freedom. I've been using it a lot and always paying full so it would be nice to see one of those 6th month autoluv some have recieved, specially since my freedom sits at a low 1k.

Re: How is Chase with CLIs Lately?

Jerry45 — Sat, 06 Jun 2015 15:49:59 GMT

@Anonymous wrote:
No personal experience with a CLI on Chase, but Chase can be extremely generous or extremely stingy depending on whether or not they like you and your credit profile. One thing they're really harping on right now is # of accounts opened in the past 2 years, and specifically no more than 5. I'm not sure if that affects their CLIs, but it's been widely suspected to be affecting new approvals so wouldn't be surprised if CLIs were also affected. So if you have a lot of new accounts I'd play it safe, otherwise with your great limits on other cards, maybe give it a shot and see what happens. It will be a hard pull, just FYI.

Wow Good Info. Thanks

Re: How is Chase with CLIs Lately?

Jerry45 — Sat, 06 Jun 2015 15:51:29 GMT

It seems to me, with info from many Chase holders here, that CLI's come mostly when you pay in full each month.

Re: How is Chase with CLIs Lately?

Anonymous — Sat, 06 Jun 2015 15:52:11 GMT

I've had the card since November and even when trying to meet a spend bonus I still use my Freedom card, not a peep. Always paid in full too..if I ever need to make a large purchase I have other cards so I'm not worried.

Re: How is Chase with CLIs Lately?

smc733 — Sat, 06 Jun 2015 15:53:35 GMT

@Jerry45 wrote:
It seems to me, with info from many Chase holders here, that CLI's come mostly when you pay in full each month.

PIF every month for the 36+ months I've had the card. No luck yet.

Re: How is Chase with CLIs Lately?

Jerry45 — Sat, 06 Jun 2015 15:54:06 GMT

Well Said. Personally, I was given a Freedom siggy right off the bat, and I do not expect any CLI's in the future.

In terms of Discover, they are great domestically, but not a good bet in Europe. Very hard to use in London or Paris.

Re: How is Chase with CLIs Lately?

Jerry45 — Sat, 06 Jun 2015 15:55:41 GMT

@smc733 wrote:
@Jerry45 wrote:
It seems to me, with info from many Chase holders here, that CLI's come mostly when you pay in full each month.
PIF every month for the 36+ months I've had the card. No luck yet.

Wow! That is depressing, I had the Freedom for 8 months and run a balance on the 0 APR. LOL.

Re: How is Chase with CLIs Lately?

Anonymous — Sat, 06 Jun 2015 16:15:09 GMT

Curious: Would the lack of auto CLI chances also ring true for CSP? Seeing more talk about the Freedom in this thread.

Re: How is Chase with CLIs Lately?

bada_bing — Sat, 06 Jun 2015 16:32:36 GMT

Best strategy for Chase cards is to app for new cards, not to request CLI's. They are stingy with

auto CLI's and stingy & HP happy for customer requested CLI's. Chase appears to give you

what they think you need.

If you keep your reports in Chase's preferred manner - PIF and low or no new accounts or inquiries -

they can be very generous with CL on new cards for existing customers. They also will move that

CL around easily. So it doesn't make sense to request CLI - which they don't accomodate - and go

for a new app - for which they are easy and generous.

Once you get signature status on a Freedom ($5K CL), there isn't really any reason to expend effort

or a HP for a CLI request. Past the bonus categories, spending on a Freedom is uncompetitive.

Re: How is Chase with CLIs Lately?

Jerry45 — Sat, 06 Jun 2015 16:34:26 GMT

@bada_bing wrote:
Best strategy for Chase cards is to app for new cards, not to request CLI's. They are stingy with
auto CLI's and stingy & HP happy for customer requested CLI's. Chase appears to give you
what they think you need.

If you keep your reports in Chase's preferred manner - PIF and low or no new accounts or inquiries -
they can be very generous with CL on new cards for existing customers. They also will move that
CL around easily. So it doesn't make sense to request CLI - which they don't accomodate - and go
for a new app - for which they are easy and generous.

Once you get signature status on a Freedom ($5K CL), there isn't really any reason to expend effort
or a HP for a CLI request. Past the bonus categories, spending on a Freedom is uncompetitive.

Well Said. Makes a lot of sense. Thanks

Re: How is Chase with CLIs Lately?

kdm31091 — Sat, 06 Jun 2015 16:42:32 GMT

@bada_bing wrote:
Best strategy for Chase cards is to app for new cards, not to request CLI's. They are stingy with
auto CLI's and stingy & HP happy for customer requested CLI's. Chase appears to give you
what they think you need.

If you keep your reports in Chase's preferred manner - PIF and low or no new accounts or inquiries -
they can be very generous with CL on new cards for existing customers. They also will move that
CL around easily. So it doesn't make sense to request CLI - which they don't accomodate - and go
for a new app - for which they are easy and generous.

Once you get signature status on a Freedom ($5K CL), there isn't really any reason to expend effort
or a HP for a CLI request. Past the bonus categories, spending on a Freedom is uncompetitive.

This approach can work but the rub is that you have to want a new product from them, and you're taking a HP and an AAOA ding all for a "CLI". To me, it's not worth it unless you truly were going to apply for the new product anyway.

Re: How is Chase with CLIs Lately?

smc733 — Sat, 06 Jun 2015 17:44:00 GMT

@kdm31091 wrote:
This approach can work but the rub is that you have to want a new product from them, and you're taking a HP and an AAOA ding all for a "CLI". To me, it's not worth it unless you truly were going to apply for the new product anyway.

Exactly. Not worth it, IMO. I suppose this was never destined to be a primary spend card anyhow.

Re: How is Chase with CLIs Lately?

Anonymous — Sat, 06 Jun 2015 17:47:00 GMT

With all the Chase drama going on, I wouldn't apply for a card unless I really needed it and I know for sure I'm going to keep it. If you get like 20,000 dollar limit on your new chase card that you have intentions of keeping and wanting to move some over to a Freedom to make it a siggy, that's fine.

They are hard pull happy. I called the Disney line once and they asked me why I didn't use my card and I said well the limit is really low and I put my vacation on it, I would max the card out. She replied "How much do you need?"

Re: How is Chase with CLIs Lately?

Anonymous — Sat, 06 Jun 2015 17:49:22 GMT

the other day i asked for a CLI on my freedom and CSP to took two pulls

freddom 4k to 7k

csp 6.5k to 10k

hope it helps!