topic Re: Chase CLI in Credit Cards

Chase CLI

Guvnor — Sat, 23 Jan 2016 16:09:37 GMT

My chase freedom is still at its $2000 SL and its almost 2 years old. No autos increases, my income has gone up ALOT and I keep my profile updated with them. I really don't want a hard pull as I should have really got an auto increase by now. My credit score is also better than when I first got it.

Does anyone know how I could get a soft pull CLI?

Thanks

Re: Chase CLI

OmarGB9 — Sat, 23 Jan 2016 16:41:25 GMT

Do you use it much? I feel like Chase really only gives auto luv when there is a lot of usage put through the card. FWIW, I put about $2k through my freedom in the first four months I had it, and they doubled my $1.2k limit after those four months.

Re: Chase CLI

Guvnor — Sat, 23 Jan 2016 16:59:28 GMT

I use too but stopped using it as the CL is so low.

Re: Chase CLI

Anonymous — Sat, 23 Jan 2016 17:03:24 GMT

@Guvnor wrote:
I use too but stopped using it as the CL is so low.

I 100% agree with OmarGB9..

Re: Chase CLI

9CLINE — Sat, 23 Jan 2016 17:06:00 GMT

Concensus on site is HP CLi's w/ Chase... there are many many threads and posts about it here....
I was given a Sp Cli when I had about 3 mths but I was using continuously...also from site...no useage no clis....YMMV
Good Luck 2 ya...

Re: Chase CLI

Creditwiser — Sat, 23 Jan 2016 17:06:14 GMT

My DW got a Freedom card December 2014 with scores around 630-650. 1k CL. Since then she has used it regularly and pays many times per month. She has recieved 3 CLI and now sits at 3500 CL. Not too bad for a little over 1 year. Use the card and pay them as often as it takes to keep the balance low or PIF.

Re: Chase CLI

Discover2016 — Sat, 23 Jan 2016 17:18:32 GMT

I just got an auto CLI yesterday on my Ritz, they like to see usage and paying down the balance in full which is how I managed my Ritz.

Re: Chase CLI

AvadaKedavra — Sat, 23 Jan 2016 17:21:11 GMT

I've had my CSP for over a year and use it as my everyday card and PIF every month. My credit profile has low UTL and Chase still hasn't shown me any love. No idea.

Re: Chase CLI

Anonymous — Sat, 23 Jan 2016 20:05:19 GMT

@OmarGB9 wrote:
Do you use it much? I feel like Chase really only gives auto luv when there is a lot of usage put through the card. FWIW, I put about $2k through my freedom in the first four months I had it, and they doubled my $1.2k limit after those four months.

This seems to be what I've just experienced as well. I got my Freedom in April or May I believe, 2.2k limit, for the first month or two I put a reasonable amount through the card but then dropped to just some minimal side purchases here and there. Then in November and December I actually used the card a bunch, at one point up to almost 50% of my CL, and just yesterday I saw I received a 1k CLI. I still can't say I'm a big fan of Chase in terms of limits and CLIs (as well as service and rewards to a lesser degree), Amex and Discover are infinitely better imo and will remain my primary cards for a while, but I was happy to see the increase.

Not sure if it matters but I've also been carrying a small balance from November and a bit from December as well (0% intro apr), making payments towards it and paying pretty much all the newer purchase off.

Re: Chase CLI

Anonymous — Sat, 23 Jan 2016 20:20:18 GMT

@Guvnor wrote:
My chase freedom is still at its $2000 SL and its almost 2 years old. No autos increases, my income has gone up ALOT and I keep my profile updated with them. I really don't want a hard pull as I should have really got an auto increase by now. My credit score is also better than when I first got it.

Does anyone know how I could get a soft pull CLI?

Thanks

Keep in mind that not everyone gets auto increases...spend, CRs, overall profile are just some things that factor into the decision. You would have to bite the bullet and take the pull to get the increase I am afraid.

Re: Chase CLI

NRB525 — Sat, 23 Jan 2016 20:26:43 GMT

@Guvnor wrote:
I use too but stopped using it as the CL is so low.

This is where you have decided that one goal: Keeping your FICO from dropping even 7 points from high utilization, outweighs your desire for a higher CL with the Freedom card

Decide if you want to push for an auto CLI, and if the answer is yes, then you want to push the existing CL for a few months, paying in full to show heavy usage. By that I mean charging at least $1,500 through the card in new charges every month, and PIF. Even then, the porportion of people getting an auto CLI is quite small.

If you can't pull that off, charge $1.5k and PIF for several months in a row, and I can't do that with my $1,500 Freedom card, then ask, is it really going to need a CLI?

If you really really have to gotta have the CLI, then just save yourself some time, call Chase, have them HP your file, and see what they come back with, no muss, no fuss, the HP fades in a year or so.

Good luck whichever route you decide to go.

Re: Chase CLI

CreditScholar — Mon, 25 Jan 2016 01:28:32 GMT

@OmarGB9 wrote:
Do you use it much? I feel like Chase really only gives auto luv when there is a lot of usage put through the card. FWIW, I put about $2k through my freedom in the first four months I had it, and they doubled my $1.2k limit after those four months.

+1. From what I've seen, the criteria seem to be:

1. Usage of 50% or more of your current CL, and PIF

2. You haven't hit your internal limit with Chase

Every time I've received an auto-CLI from Chase it's been under those conditions.

Re: Chase CLI

Anonymous — Mon, 25 Jan 2016 03:03:24 GMT

Don't waste your time with a HP CLI from Chase. Use that HP to app for two new cards and then move the credit limits as you see fit. My personal experience has been that Chase will give much more credit more easily with new apps, especially for co-branded cards, than any CLI request.

Re: Chase CLI

Anonymous — Mon, 25 Jan 2016 03:04:35 GMT

I asked for a CLI on my Slate of $8k, they came back with $5k. Appd for both Southwest cards a month later, both auto approved for 16k

Re: Chase CLI

takeshi74 — Mon, 25 Jan 2016 14:22:07 GMT

@Guvnor wrote:
My chase freedom is still at its $2000 SL and its almost 2 years old. No autos increases, my income has gone up ALOT and I keep my profile updated with them. I really don't want a hard pull as I should have really got an auto increase by now. My credit score is also better than when I first got it.

Does anyone know how I could get a soft pull CLI?

You won't unless they auto CLI and they'll tell you if you qualify for an auto CLI. They determine "should", not you.

CLI's are not simply handed out in exchange for time with any creditor. Higher income helps but your credit profile also matters.

@OmarGB9 wrote:
Do you use it much? I feel like Chase really only gives auto luv when there is a lot of usage put through the card.

Do not rely on this meme. Credit profile and income are the primary factors with any creditor. Usage may help in some cases but it will not make or break a CLI on its own nor overrule profile & income. Cards with little usage can certainly see CLI's while cards with a lot of usage may not see a CLI. It's not just about usage.

Re: Chase CLI

AvadaKedavra — Mon, 25 Jan 2016 14:29:50 GMT

Can you combine a limit from a co-branded card to a CSP?

Re: Chase CLI

Anonymous — Mon, 25 Jan 2016 14:51:39 GMT

@takeshi74 wrote:
@Guvnor wrote:
My chase freedom is still at its $2000 SL and its almost 2 years old. No autos increases, my income has gone up ALOT and I keep my profile updated with them. I really don't want a hard pull as I should have really got an auto increase by now. My credit score is also better than when I first got it.

Does anyone know how I could get a soft pull CLI?
You won't unless they auto CLI and they'll tell you if you qualify for an auto CLI. They determine "should", not you.

CLI's are not simply handed out in exchange for time with any creditor. Higher income helps but your credit profile also matters.

@OmarGB9 wrote:
Do you use it much? I feel like Chase really only gives auto luv when there is a lot of usage put through the card.
Do not rely on this meme. Credit profile and income are the primary factors with any creditor. Usage may help in some cases but it will not make or break a CLI on its own nor overrule profile & income. Cards with little usage can certainly see CLI's while cards with a lot of usage may not see a CLI. It's not just about usage.

While that statement (bolded) certainly serves true for any lender, there is more than adequate data that shows heavy use + PIF and getting auto-cli's (not saying they are guarantees but it's not uncommon). My credit profile was little changed 6 months post approval for my first card with Chase and I got an auto CLI as well as another Chase card after 5 months (these came along when I had some sizeable expenses coming and those cards were used and PIF).

Re: Chase CLI

Guvnor — Fri, 05 Feb 2016 16:09:25 GMT

I went with the HP and they doubled my CL to $4000. Not what I hoped but better than some I've seen. It's now my 2nd lowest limit card.

Re: Chase CLI

Windowguy — Fri, 05 Feb 2016 17:33:23 GMT

Try a new offer https://creditcards.chase.com/prequalified-offers.... I got Chase Slate and Freedom within 30 days of each other.

Re: Chase CLI

Anonymous — Fri, 05 Feb 2016 18:06:59 GMT

Chase doesn't really do user requested soft pulls. It's auto or hard.

Honestly, the best way I've found to claw up the ladder with Chase is to apply for a new card (get a nice sign up bonus or something) and then when you're ready to cancel, you can consolidate the limits. This is how I moved to $46K with Chase (my original limit was $27K)