topic Re: Chase Freedom Unlimited low starting limit in Credit Cards

Chase Freedom Unlimited low starting limit

Nan425 — Mon, 12 Feb 2018 00:36:36 GMT

Today, I logged into my bank account online and noticed a green check mark with pre-approved offer for the FU, so I entered my income and hit submit. It was an instant approval, but for $500 limit. Bonus was for $300 credit if spend $500 within 3 months. My TU is 683 and EQ is 643. I did burn them 20 years ago when it was wamu. What are the chances of asking for increase on my starting limit without another pull? Is there a phone line for that type of request?

Re: Chase Freedom Unlimited low starting limit

Anonymous — Mon, 12 Feb 2018 00:50:00 GMT

wrote:
Today, I logged into my bank account online and noticed a green check mark with pre-approved offer for the FU, so I entered my income and hit submit. It was an instant approval, but for $500 limit. Bonus was for $300 credit if spend $500 within 3 months. My TU is 683 and EQ is 643. I did burn them 20 years ago when it was wamu. What are the chances of asking for increase on my starting limit without another pull? Is there a phone line for that type of request?

The chances are ZERO of getting a CLI without a HP.

Be grateful they gave you what they did. Are those credit karma scores?

What is your Experian FICO score?

Re: Chase Freedom Unlimited low starting limit

Nan425 — Mon, 12 Feb 2018 01:09:05 GMT

Those are fico scores. Ex is 660. I would ask for increase with hard pull if there is good chance of an increase. In April 2018, all of my baddies will fall of and hopefully jump my scores. Thinking, I should garden for now until next year when the collections fall off and the 30-day lates fall off.

Re: Chase Freedom Unlimited low starting limit

arkane — Mon, 12 Feb 2018 01:30:01 GMT

Yes that would be a very good idea. Additionally, I've read that paying the card to 0 several times a month helps improve their internal score, so you may consider doing that as well if you have the means and patience.

Re: Chase Freedom Unlimited low starting limit

AverageJoesCredit — Mon, 12 Feb 2018 01:30:47 GMT

If Chase only gave you $500 they probably have their reasons. Just wait til your report improves build that history and then go for it in my ho. Amazing bonus offer

Re: Chase Freedom Unlimited low starting limit

arkane — Mon, 12 Feb 2018 01:38:09 GMT

wrote:
If Chase only gave you $500 they probably have their reasons. Just wait til your report improves build that history and then go for it in my ho. Amazing bonus offer

dat autocorrect 😂😂😂

Re: Chase Freedom Unlimited low starting limit

Anonymous — Mon, 12 Feb 2018 01:47:26 GMT

wrote:
Yes that would be a very good idea. Additionally, I've read that paying the card to 0 several times a month helps improve their internal score, so you may consider doing that as well if you have the means and patience.

That's what I have been doing. My first statement hasn't cut yet, but I'm hoping that increases my chances for a CLI.

Re: Chase Freedom Unlimited low starting limit

UpperNwGuy — Mon, 12 Feb 2018 13:18:11 GMT

Be patient. Use your $500 limit in a responsible manner and see what Chase does for you. Don't ask them for a CLI for at least six months, maybe a year. Meanwhile, get those scores up!

Re: Chase Freedom Unlimited low starting limit

Anonymous — Mon, 12 Feb 2018 15:54:53 GMT

wrote:
Today, I logged into my bank account online and noticed a green check mark with pre-approved offer for the FU, so I entered my income and hit submit. It was an instant approval, but for $500 limit. Bonus was for $300 credit if spend $500 within 3 months. My TU is 683 and EQ is 643. I did burn them 20 years ago when it was wamu. What are the chances of asking for increase on my starting limit without another pull? Is there a phone line for that type of request?

Yeah, it would be helpful to provide your EX score too.

I burned WAMU too in the past and trust me they have that notes internally. Despite with a low SL, considered yourself lucky to even get prequalified for a Chase card.

I've never received any prequal from Chase ever. All my apps were cold apps and last time I requested a CLI I was asked about the WAMU account.

My Chase FU is a yr old now and recently converted to the regular Freedon and I can say it has grown to $3500 with 2 CLI request.

Re: Chase Freedom Unlimited low starting limit

Nan425 — Mon, 12 Feb 2018 16:04:30 GMT

This is good to hear, that Chase could possibly up my limit if I treat them good. Thank you for the responses. I will garden until April 2019, when all my baddies fall off. That should increase the score significantly. I have a paid collections and 30-day layes holding my score down.

Re: Chase Freedom Unlimited low starting limit

Nan425 — Mon, 12 Feb 2018 18:53:13 GMT

So they pulled my Fico EQ. Dropped my score 2 points.

Re: Chase Freedom Unlimited low starting limit

Anonymous — Mon, 12 Feb 2018 19:27:38 GMT

wrote:
So they pulled my Fico EQ. Dropped my score 2 points.

Any good news?

Re: Chase Freedom Unlimited low starting limit

Anonymous — Thu, 15 Feb 2018 00:45:13 GMT

@Nan425wrote:
Today, I logged into my bank account online and noticed a green check mark with pre-approved offer for the FU, so I entered my income and hit submit. It was an instant approval, but for $500 limit. Bonus was for $300 credit if spend $500 within 3 months. My TU is 683 and EQ is 643. I did burn them 20 years ago when it was wamu. What are the chances of asking for increase on my starting limit without another pull? Is there a phone line for that type of request?

I definitely agree with others talking about internal scoring. I called in be cause an analyst said I was approved for 3k on my recent CFU but my portal showed 2k. The analyst said that the previous analyst must have misspoke. Thier system only apprived 2k. So CLI isnt likely in the cards for you. Ive seen some not many get them after account opening. Chase seems to be pretty strict on inital balances.

Ive only had Chase since 11/29/17 and these arent hard data points but they do like to see multiple payments a month. In my case I would make two payments every week. First payment was 50% of my current ouststanding balance. Then after that payment would post I would immediately pay another 50% of the new balanced owed. In the middle of dec and jan either wk 2 or wk 3 of those months I would also hit them with one large payment. Usually an amount between $200-$500. I plan on doing it again in week 3 of Feb. All with just my chase freedom.

Again this is just my experience with Chase, but I would assume thier intenal scoring would pull more A LOT weight once you have the card. I say this because in the first week of this Feb Chase offered and approved me for the CFU (previously mentioned) and CSP. Thus pushing me past their own 5/24 Rule. They are still offering me the SLATE card until 3/16. Ive only had the freedom with them for 2.5 months as of this post.

Re: Chase Freedom Unlimited low starting limit

Anonymous — Thu, 15 Feb 2018 00:52:51 GMT

Goooooddddddd luck! The CFU was one of the first cards I got over two years ago. 15 Cards later with an average limit of $10k, and 750 FICO scores across the board, I’m still sitting at $500!!! 😂 Denied twice for cli’s, never burned them. I’m going to give it to my 16 year old.

Re: Chase Freedom Unlimited low starting limit

sparklerd34 — Sat, 17 Feb 2018 22:25:42 GMT

Oh my I got approved for the slate and changed products for the CFU I know due to my previous credit issues and few years ago they only gave me 500 which is okay. I’m paying down my balances and I know partly is due ton my savings with them I’ve been banking with them 11 years 😊 first card with them so I’ll see how it goes at the end of the day I know paying it off before the month ends is the way to go with any card and that’s my goal now not paying any more interest

Re: Chase Freedom Unlimited low starting limit

Anonymous — Sat, 17 Feb 2018 23:56:24 GMT

Congrats on the approval!

Use it a lot and PIF. They will raise your limit. Chase gave me a Slate with a $500 limit and after about 6 months they had raised it to 3k. In total they gave me 5 auto CLIs last year across four different cards, so it is possible.