topic Re: Chase Sapphire Reserve CLI in Credit Cards

Chase Sapphire Reserve CLI

Anonymous — Fri, 15 Sep 2017 19:14:26 GMT

Hi All,

This is my first post on this forum! I've been doing a lot of research on credit scores and I thought I'd finally join this forum to have conversations with you all as well. I'm excited! This will also serve as a way for me to learn more about credit and credit cards, and keep track of my credit s score and (hopefulyy) watch it grow.

Anyway. today I applied for ang was approved for a CSR with a 10k limit and 24% APR. I expexcted this as I don't have perfect credit, and have had some uglies in the past but they are mostly off my report.

My question is: Does Chase increase credit lines, and lower APR as the years go by and you improve your creditworthiness ? And more generally, do all CC companies do this ?

Thanks in advance!

Angel

Chase Sapphire Reserve: $10k I Chase Freedom Unlimited: $4.5K I Capital One Platinum: $2.5K I Capital One Quick Silver: $2.5k I JetBlue Card: $1k I Walmart Credit Card: $5.5k I Dell Financing: $2k I

TU: 741 (9/15/2017)

EQ: 701 (9/15/2017)

EX: 702 (9/15/2017)

FICO: 717(9/12/2017)

Re: Chase Sapphire Reserve CLI

Anonymous — Fri, 15 Sep 2017 19:27:55 GMT

Welcome to the forum, and to the chase family! I'm pretty new to chase myself and have a similar history to yours, but it seems chase likes to hand out ugly apr's like what you got, they gave me 23.something% on a $5k CSP and I've seen similar results from others including those without baddies.

As I understand it an auto-cli from chase is fairly rare but they can happen after 180 days. You can request a CLI though it will be a hard pull. I'm sure those with more chase experience can chime in. If I don't see an auto by 180 days I'm going to try for a HP cli myself, quickly discovered that a 5k limit doesn't really cut it when your booking hotel & airfare for a family all at once!

Re: Chase Sapphire Reserve CLI

Anonymous — Fri, 15 Sep 2017 19:35:48 GMT

Welcome and congrats on the approval!

Yes, Chase does have auto CLIs, SP CLIs offers and HP CLIs. Make a good use of it and pay ontime and it will happen eventually.

Re: Chase Sapphire Reserve CLI

iced — Fri, 15 Sep 2017 19:38:47 GMT

@Anonymous wrote:
Hi All,

This is my first post on this forum! I've been doing a lot of research on credit scores and I thought I'd finally join this forum to have conversations with you all as well. I'm excited! This will also serve as a way for me to learn more about credit and credit cards, and keep track of my credit s score and (hopefulyy) watch it grow.

Anyway. today I applied for ang was approved for a CSR with a 10k limit and 24% APR. I expexcted this as I don't have perfect credit, and have had some uglies in the past but they are mostly off my report.

My question is: Does Chase increase credit lines, and lower APR as the years go by and you improve your creditworthiness ? And more generally, do all CC companies do this ?

Thanks in advance!

--
Angel
Chase Sapphire Reserve: $10k I Chase Freedom Unlimited: $4.5K I Capital One Platinum: $2.5K I Capital One Quick Silver: $2.5k I JetBlue Card: $1k I Walmart Credit Card: $5.5k I Dell Financing: $2k I

TU: 741 (9/15/2017)
EQ: 701 (9/15/2017)
EX: 702 (9/15/2017)
FICO: 717(9/12/2017)

I've never cared what my APR is and thus have never asked Chase to lower it. It may have even been automatically changed in the past on one of my cards and I wouldn't have noticed.

For CLIs, I've never seen one unless I request it. They always oblige when I do ask, though.

Re: Chase Sapphire Reserve CLI

Anonymous — Fri, 15 Sep 2017 20:57:23 GMT

@Anonymous wrote:
Welcome to the forum, and to the chase family! I'm pretty new to chase myself and have a similar history to yours, but it seems chase likes to hand out ugly apr's like what you got, they gave me 23.something% on a $5k CSP and I've seen similar results from others including those without baddies.

As I understand it an auto-cli from chase is fairly rare but they can happen after 180 days. You can request a CLI though it will be a hard pull. I'm sure those with more chase experience can chime in. If I don't see an auto by 180 days I'm going to try for a HP cli myself, quickly discovered that a 5k limit doesn't really cut it when your booking hotel & airfare for a family all at once!

@ SlightlyRemoved :

Thank you!

Yeah, I wonder what goes into calculating the minimum CL-- in numerous forums I've seen people with lower credit scores than mine get approved for $15k~ 20k CLs with CSR.

Anyway, thanks for the response-- I hope to see a CLI as I become a more seasonsed user.

Re: Chase Sapphire Reserve CLI

Anonymous — Fri, 15 Sep 2017 20:57:02 GMT

@Anonymous wrote:
Welcome and congrats on the approval!

Yes, Chase does have auto CLIs, SP CLIs offers and HP CLIs. Make a good use of it and pay ontime and it will happen eventually.

Thanks for the reply!

I hope it happens sooner rather than later~

Re: Chase Sapphire Reserve CLI

Anonymous — Fri, 15 Sep 2017 20:57:54 GMT

Good to know~

thanks for the info!

@iced wrote:
@Anonymous wrote:
Hi All,

This is my first post on this forum! I've been doing a lot of research on credit scores and I thought I'd finally join this forum to have conversations with you all as well. I'm excited! This will also serve as a way for me to learn more about credit and credit cards, and keep track of my credit s score and (hopefulyy) watch it grow.

Anyway. today I applied for ang was approved for a CSR with a 10k limit and 24% APR. I expexcted this as I don't have perfect credit, and have had some uglies in the past but they are mostly off my report.

My question is: Does Chase increase credit lines, and lower APR as the years go by and you improve your creditworthiness ? And more generally, do all CC companies do this ?

Thanks in advance!

--
Angel
Chase Sapphire Reserve: $10k I Chase Freedom Unlimited: $4.5K I Capital One Platinum: $2.5K I Capital One Quick Silver: $2.5k I JetBlue Card: $1k I Walmart Credit Card: $5.5k I Dell Financing: $2k I

TU: 741 (9/15/2017)
EQ: 701 (9/15/2017)
EX: 702 (9/15/2017)
FICO: 717(9/12/2017)
I've never cared what my APR is and thus have never asked Chase to lower it. It may have even been automatically changed in the past on one of my cards and I wouldn't have noticed.

For CLIs, I've never seen one unless I request it. They always oblige when I do ask, though.

Re: Chase Sapphire Reserve CLI

mkhan1093 — Fri, 15 Sep 2017 21:17:30 GMT

I have heard Chase to be rare in their auto CLIs but personally I received auto CLIs on both my Freedom and Freedom Unlimited from 2k to 3k after 3 months of them being opened. Havent had any since though :/

Re: Chase Sapphire Reserve CLI

Anonymous — Fri, 15 Sep 2017 21:38:34 GMT

good to know, Mkhan1093.. I'll just pay on time and hope for the best!

Re: Chase Sapphire Reserve CLI

Leonardc2 — Sat, 23 Sep 2017 02:18:12 GMT

Just signed n and noticed 3k auto cli on CSR. Might be because they noticed my FICOs now 834/817/836. Lol

Re: Chase Sapphire Reserve CLI

Leonardc2 — Sat, 23 Sep 2017 02:18:39 GMT

Just signed in and noticed 3k auto cli on CSR. Might be because they noticed my FICOs now 834/817/836. Lol

Re: Chase Sapphire Reserve CLI

Appleman — Sat, 23 Sep 2017 02:25:28 GMT

I have not had any luck with getting a lower APR with Chase. I talked to a CSR and he stated they look at that at least every 6 months.

I have one card with Chase with a high APR and have gotten more recent cards with the lowest rate offered for the card. Why Chase would not match or at least lower my APR on some of these cards is beyond me.

Re: Chase Sapphire Reserve CLI

trachkids — Sat, 23 Sep 2017 12:15:52 GMT

IME over 11yrs with Chase, auto CLIs are rare to non-existent. I have grown my line to $42k by applying for new cards & combining/consolidating the lines & closing the new cards. Chase's apr's are high, but I am a PIF customer anyway. Good luck!

Re: Chase Sapphire Reserve CLI

UpperNwGuy — Sat, 23 Sep 2017 13:30:35 GMT

Never carry a balance on a Chase card. Even their best APRs are uncompetitive. I would stop asking them for the lower APR.

I also agree with trachkids post above. If you want to grow your credit limit, apply for additional cards and combine them after a year.

Re: Chase Sapphire Reserve CLI

Anonymous — Sat, 23 Sep 2017 14:19:47 GMT

@Leonardc2 wrote:
Just signed in and noticed 3k auto cli on CSR. Might be because they noticed my FICOs now 834/817/836. Lol

lol nice-- congrats! 800 club must be naisssss

Re: Chase Sapphire Reserve CLI

Anonymous — Sat, 23 Sep 2017 14:27:07 GMT

Yeah I plan to not carry a balance and pay in full every month! Hope I can stick by it~

Re: Chase Sapphire Reserve CLI

Anonymous — Sat, 23 Sep 2017 14:28:10 GMT

That's unfortunate! Chase is playing games. Thanks for your advise!

Re: Chase Sapphire Reserve CLI

Anonymous — Sat, 23 Sep 2017 14:28:59 GMT

Yeah doesn't seem to make much sense to me. Thanks for your input!

Re: Chase Sapphire Reserve CLI

red259 — Sat, 23 Sep 2017 14:55:12 GMT

I receieved an auto CLI from chase on my freedom card when I started out, but it really only happens if you are using up most of your limit with your credit card each cycle.

Re: Chase Sapphire Reserve CLI

UpperNwGuy — Sat, 23 Sep 2017 16:29:49 GMT

@Anonymous wrote:
That's unfortunate! Chase is playing games. Thanks for your advise!

What games is Chase playing?