topic Re: No Love From Chase in Credit Cards

No Love From Chase

Anonymous — Sun, 21 Jun 2015 20:19:38 GMT

I currently have Chase Freedom, Sapphire, and Chase Amazon. I had my Freedom card since 2013 with a 5K credit limit. I have tried multiple times and have been unsuccessful in getting a credit increse. I really don't understand since Discover increses my credit limit without asking. I have never been late, and pay my Freedom card off each month. I charge around $900 a month to my Chase Freedom, what gives? How common are creidit increses? My Credit scores are TU: 711 EQ:712 Ex:702.

Re: No Love From Chase

-Cain- — Sun, 21 Jun 2015 20:21:47 GMT

You've been unsuccessful for CLIs via phone/chat or through the luv button? Have they hit you with a HP each time? Sorry to hear.

Re: No Love From Chase

Anonymous — Sun, 21 Jun 2015 20:25:18 GMT

Yes, I only used chat and phone. Yes a HP everytime. Just recenlty tried last month and was denied an increse.

Re: No Love From Chase

Anonymous — Sun, 21 Jun 2015 20:28:59 GMT

@Anonymous wrote:
Yes, I only used chat and phone. Yes a HP everytime. Just recenlty tried last month and was denied an increse.

The only way realistically to get an increase from Chase is to move limits on card. But Chase is tightening rules but that is probably your only option if you have taken the HP and have been denied.

Re: No Love From Chase

-Cain- — Sun, 21 Jun 2015 20:28:16 GMT

Your scores aren't terrible, but maybe lay off the luv button and the inquiries that come with it for a while and check again in 6 months to a year. What were some of the reasons for your denials?

Re: No Love From Chase

Anonymous — Sun, 21 Jun 2015 20:32:01 GMT

HI, I was told Chase has no increase to offer me at this time, I was denied from Chase Freedom increase( 3 times over 2 years) but was recently approved for Chase Amazon (last week). . I also have too many HP on my report.

Re: No Love From Chase

-Cain- — Sun, 21 Jun 2015 20:40:38 GMT

@Anonymous wrote:
HI, I was told Chase has no increase to offer me at this time, I was denied from Chase Freedom increase( 3 times over 2 years) but was recently approved for Chase Amazon (last week). . I also have too many HP on my report.

So too many inquiries sounds like one of the reasons. Did they send you letters after the denials? They would list other reasons. The other posters are more familiar with Chase, so they may be right when they say reshuffling your credit lines with them might be the only way to go. It may be that your at the maximum amount of money Chase has you slotted for. Good luck

Re: No Love From Chase

Anonymous — Sun, 21 Jun 2015 21:18:01 GMT

Yes, I recevied letters' listing multiple reason. I have 33 HP on my TU report which chase pulls.

Re: No Love From Chase

Anonymous — Sun, 21 Jun 2015 21:41:18 GMT

@Anonymous wrote:
How common are creidit increses?

Lol, CLI with Chase?

Don't bother with CLI requests with Chase...instead, use that wasted HP to:

A) Move Limits from another Chase card

B) Apply for a new card

C) Close your card; then apply at a later time and get a much higher limit. Careful though as Chase has reportedly clamped down on new card applications within Chase.

I have 8 Chase cards now, never in my life have I been approved for a CLI with them so I gave up.

You'd have better luck getting blood from a Stone.

Re: No Love From Chase

Josh2942 — Sun, 21 Jun 2015 23:31:30 GMT

Not always true I've asked for three increases and have been approved for each of them on my freedom and CSP at the same time through the secure chat

Re: No Love From Chase

taxi818 — Sun, 21 Jun 2015 23:58:07 GMT

No way would i keep going to the well over and over and coming back with an empty bucket after they denied it 3 times. for hp''s never less. either move some over from another card. or time to go to a friendlier lender. you already have Discover as you said. they are basically the same card different bank. i would be putting all my spend on Discover in that case. the one who shows love gets love. my opinion.

Re: No Love From Chase

kdm31091 — Sun, 21 Jun 2015 23:59:24 GMT

I think while we should avoid broad generalizations like "never going to happen" just because it hasn't been succesful for us, it is true that Chase is not known for giving CLIs.

The often suggested "workaround" is a new card and moving limits around, which only works if you want a new/different product, and want to take a HP and AAOA ding. To me, doing all that for an increased credit line is a bit much and as someone else mentioned Chase has been seemingly tightening up so who knows how long it will be so simple to move limits.

There are stories of people getting approved (with HPs) for a CLI with Chase. But at 33 inquiries I think it is doubtful. You just need to wait.

Re: No Love From Chase

Closingracer99 — Mon, 22 Jun 2015 00:40:09 GMT

@kdm31091 wrote:
I think while we should avoid broad generalizations like "never going to happen" just because it hasn't been succesful for us, it is true that Chase is not known for giving CLIs.

The often suggested "workaround" is a new card and moving limits around, which only works if you want a new/different product, and want to take a HP and AAOA ding. To me, doing all that for an increased credit line is a bit much and as someone else mentioned Chase has been seemingly tightening up so who knows how long it will be so simple to move limits.

There are stories of people getting approved (with HPs) for a CLI with Chase. But at 33 inquiries I think it is doubtful. You just need to wait.

I did get an auto cli on my freedom for $1,000 other then that I am waiting until the end of the year to ask for any cli with chase since 85% of my 40 inqs go off my EX report

Re: No Love From Chase

Anonymous — Mon, 22 Jun 2015 17:41:27 GMT

Chase is notoriously conservative from the get-go. The ones I have seen who have the most luck don't have a lot of cards to begin with, and Chase is more often than not their primary use cards. They will do it, but the inquiries are a big deterrent since they are so conservative. I can only imagine what it'll be like after they tighten up their underwring on credit cards.

Re: No Love From Chase

happypill — Mon, 22 Jun 2015 17:52:39 GMT

People are often fixated on scored & inquiries (no surprise given this is myFICO), I don't think the OP mentioned income. Score definitely doesn't tell the whole store. If two people both have 700 scores while one makes $20k and the other $200k, the person with the greater ability to repay will be viewed more favorably.

The other question a lender might have is, if you're spending $900 per month, do you need more than a $5k limit? If you're charging near the limit and paying off each month, it might look to a lender like you need a higher limit. Don't know if that would affect Chase (seems like they don't like to give CLI period), but it will with some lenders.