topic Re: too soon to ask for a cli for CSP? in Credit Cards

too soon to ask for a cli for CSP?

Anonymous — Mon, 13 Jul 2015 20:29:37 GMT

the wife and i have had it for about a month and we''re only a couple hundred away from reaching the spend threshold for the sign-up bonus. i'm wondering if we could ask for a cli. what do you think? we'll pay the balance in full tonight and once it's posts, request a cli. our current limit is 13000 or 14000. ask or wait? my thought wa that maybe if they see we nearly spent a third of our limit in a month, then maybe they'd grant an increase. anyway, let me know you thoughts. thanks!

Re: too soon to ask for a cli for CSP?

Anonymous — Mon, 13 Jul 2015 20:33:26 GMT

@Anonymous wrote:
the wife and i have had it for about a month and we''re only a couple hundred away from reaching the spend threshold for the sign-up bonus. i'm wondering if we could ask for a cli. what do you think? we'll pay the balance in full tonight and once it's posts, request a cli. our current limit is 13000 or 14000. ask or wait? my thought wa that maybe if they see we nearly spent a third of our limit in a month, then maybe they'd grant an increase. anyway, let me know you thoughts. thanks!

As long as you are fine with another hardpull on your report then you can requesta CLI at any time.

Re: too soon to ask for a cli for CSP?

Anonymous — Mon, 13 Jul 2015 20:51:03 GMT

ahhh, does chase do hard pulls for all cli requests? i thought they might be like discover or cap one or amex--possible to request and get a cli without a hard pull.

Re: too soon to ask for a cli for CSP?

ojefferyo — Mon, 13 Jul 2015 21:01:52 GMT

@Anonymous wrote:
ahhh, does chase do hard pulls for all cli requests? i thought they might be like discover or cap one or amex--possible to request and get a cli without a hard pull.

They love HP, even if you just took an HP for the card and ask for a CLI the same day you got the card they will want another HP. Makes no sense at at.

Re: too soon to ask for a cli for CSP?

Ghoshida — Mon, 13 Jul 2015 21:35:43 GMT

@Anonymous wrote:
ahhh, does chase do hard pulls for all cli requests? i thought they might be like discover or cap one or amex--possible to request and get a cli without a hard pull.

With Chase, let the bank give you auto-CLIs rather than asking for them. If you ask, with Chase, it's very likely that they'll give you puny CLIs or even deny you, after the mandatory hard pull.

With heavy spending, they generally offer some auto-CLI in the 5th or 6th statement.

Even otherwise, 1 month might be too new.

Re: too soon to ask for a cli for CSP?

Anonymous — Mon, 13 Jul 2015 21:38:51 GMT

Yup, roger that...i'm waiting for the auto CLI

Re: too soon to ask for a cli for CSP?

Anonymous — Mon, 13 Jul 2015 22:19:15 GMT

glad i checked in first. i'll wait, too.

Re: too soon to ask for a cli for CSP?

rlx01 — Mon, 13 Jul 2015 22:26:59 GMT

You'll be waiting for a very long time...

I've had the CSP for almost 2 years, have put a tonne of spend through it, have high six figures in liquid assets with Chase, and I have the same the CL I had on day one: $12,500.

It's my second lowest CL.

Re: too soon to ask for a cli for CSP?

rlx01 — Mon, 13 Jul 2015 22:27:43 GMT

If I want to increase my CL I'll probably apply for one of the higher end cobrands then combine limits.

Re: too soon to ask for a cli for CSP?

kdm31091 — Mon, 13 Jul 2015 22:35:42 GMT

Dont even bother asking. Its a HP and usually a waste.

Re: too soon to ask for a cli for CSP?

Anonymous — Mon, 13 Jul 2015 23:39:08 GMT

@kdm31091 wrote:
Dont even bother asking. Its a HP and usually a waste.

What about if you're already applying for a card that day? End of the year I'm going to apply for another Chase card, if I ask for a CLI on my CSP and Freedom on the same day they should all get combined, no?

Re: too soon to ask for a cli for CSP?

icyhot — Tue, 14 Jul 2015 01:13:49 GMT

By the time I pay off my CSP it'll be by the 5th statement, I'm gonna hold off for an auto CLI as well

Re: too soon to ask for a cli for CSP?

ojefferyo — Tue, 14 Jul 2015 16:03:07 GMT

@Anonymous wrote:
@kdm31091 wrote:
Dont even bother asking. Its a HP and usually a waste.
What about if you're already applying for a card that day? End of the year I'm going to apply for another Chase card, if I ask for a CLI on my CSP and Freedom on the same day they should all get combined, no?

They will want another HP

Re: too soon to ask for a cli for CSP?

Ghoshida — Tue, 14 Jul 2015 16:52:32 GMT

@ojefferyo wrote:
@Anonymous wrote:
@kdm31091 wrote:
Dont even bother asking. Its a HP and usually a waste.
What about if you're already applying for a card that day? End of the year I'm going to apply for another Chase card, if I ask for a CLI on my CSP and Freedom on the same day they should all get combined, no?
They will want another HP

Well, this will happen but 3 outcomes are possible.

If you are lucky, Chase will pull the same bureau, and the bureau will treat it as a duplicate pull, and combine them in your report.

If you are unlucky, the bureau won't combine them and you are left with 2 inquiries on one bureau.

If you are very unlucky, Chase will pull two bureaus, and neither will combine any pulls.