topic Re: Chase credit limit increase (CLI)? in Credit Cards

Chase credit limit increase (CLI)?

Anonymous — Wed, 15 Aug 2018 17:29:42 GMT

Hi everyone. Does anybody know how Chase's auto credit limit increase works? Not interested in inquiries like they do if one requests the CLI. I am just interested in knowing if they actually do auto CLI, and any info regarding that auto CLI. Thank you everybody!

Re: Chase credit limit increase (CLI)?

rbentley — Wed, 15 Aug 2018 17:34:13 GMT

From my experience I got a nice auto CLI after my 4th month with them, but haven't seen any love since then and also like you, I dont want to take a HP for a denial or token increase. My card is the Amazon Prime Rewards.

Re: Chase credit limit increase (CLI)?

Anonymous — Wed, 15 Aug 2018 18:10:03 GMT

I had an auto CLI for my freedom unlimited, after I had used the card pretty frequently for several month.

Re: Chase credit limit increase (CLI)?

xaximus — Wed, 15 Aug 2018 18:41:44 GMT

Chase's auto CLI is a futile beast to understand or figure out. Some people have gotten it automatically, others have had to do an HP. There really isn't any rhyme or reason to them. Some that have gotten auto-luv from Chase reported using the cards a lot, some have used it very little. There really isn't much data on how to get a CLI and what needs to be done.

I would just use it generally as you are and go from there.

Re: Chase credit limit increase (CLI)?

Anonymous — Wed, 15 Aug 2018 20:49:00 GMT

@Anonymous wrote:
Hi everyone. Does anybody know how Chase's auto credit limit increase works? Not interested in inquiries like they do if one requests the CLI. I am just interested in knowing if they actually do auto CLI, and any info regarding that auto CLI. Thank you everybody!

Generally, Chase will give one auto CLI within the first year of cardmembership. After the first year, the auto CLI's are extremely rare. For the best chance of an auto CLI with Chase after the first year of cardmembership, you should go online and update your annual salary and use your card regularly.

Note that banks/credit unions have to obtain updated annual income in order to consider their customers for a CLI per the CARD Act (some banks pay Experian and other companies for an income estimator to get around actually obtaining this information directly from you but most banks actually require that you update the income yourself).

And as a side note about actually requesting a CLI (HP) from Chase. They are stingy. You'd be better off using that HP to open another Chase card and then combining the new limit to your old card (or vice versa).

Re: Chase credit limit increase (CLI)?

Anonymous — Wed, 15 Aug 2018 21:08:14 GMT

The key is patience, I have had my Freedom and Ink cash for 1 year and 4 months and nothing yet, I expect to see one within the next 5 years.

Re: Chase credit limit increase (CLI)?

Anonymous — Wed, 15 Aug 2018 22:12:06 GMT

@Anonymous wrote:
The key is patience, I have had my Freedom and Ink cash for 1 year and 4 months and nothing yet, I expect to see one within the next 5 years.

lmao

Re: Chase credit limit increase (CLI)?

Cred4All — Wed, 15 Aug 2018 22:20:21 GMT

@Anonymous
And as a side note about actually requesting a CLI (HP) from Chase. They are stingy. You'd be better off using that HP to open another Chase card and then combining the new limit to your old card (or vice versa).

Great tip.. Will remember this when needed in the future as well.

Re: Chase credit limit increase (CLI)?

Caught750 — Thu, 16 Aug 2018 03:20:05 GMT

I'm nearing my 3rd statement, hoping to get a little something

Re: Chase credit limit increase (CLI)?

arkane — Thu, 16 Aug 2018 03:46:24 GMT

@Anonymous wrote:
The key is patience, I have had my Freedom and Ink cash for 1 year and 4 months and nothing yet, I don't expect to see one within the next 5 years.

Forgot a word there ye old man

Re: Chase credit limit increase (CLI)?

staticvoidmain — Thu, 16 Aug 2018 13:07:30 GMT

I have had my Amazon Prime Visa for 4 years, and only two auto CLI, from SL of $5000, to $6000, to $9000... 3 years ago.

Re: Chase credit limit increase (CLI)?

Anonymous — Thu, 16 Aug 2018 06:25:13 GMT

I have not had an Auto CLI for years now for either my Chase Freedom at 6K and Amazon Prime at 9K. I've tried increasing the usage on the Freedom but had no effect and now is sparsely used. Amazon is decently used ~5% every month.

I did however, get an email this month hinting if I updated my salary info they might.. that's also the first time I realized I had that information missing in my profile. For some reason I thought it was always there. So we shall see if something comes out of this now...

Re: Chase credit limit increase (CLI)?

NRB525 — Thu, 16 Aug 2018 06:56:05 GMT

The image includes an asterisk after “can help ... higher credit line. * “

That probably branches to “we will pull a credit report”.

So the income info is added to your HP, not a replacement for the HP

Re: Chase credit limit increase (CLI)?

SweetCreditObsession — Thu, 16 Aug 2018 07:49:01 GMT

This is a very useful data point. Thank you!

Re: Chase credit limit increase (CLI)?

delaney1 — Thu, 16 Aug 2018 11:41:07 GMT

@amitv I posted a few weeks ago that I got autoluv from Chase. I was completely shocked, been with them for a couple of decades. It wasn’t until later that I remembered there was a message on my account a couple of months ago asking me to provide my income info to be considered for a cli.

Re: Chase credit limit increase (CLI)?

Anonymous — Thu, 16 Aug 2018 11:56:44 GMT

The only fairly consistent catalyst I've seen is a high number of swipes. That's when I got my auto-CLI on my FU. Many others on the forums have reported the same, though there are outliers that don't correlate.

Re: Chase credit limit increase (CLI)?

Anonymous — Thu, 16 Aug 2018 12:11:43 GMT

I've had my Chase Amazon Prime Visa for 6 months now, no auto CLI yet. My 6th statement cuts next week.

However, I did CLD mine 2 weeks after getting it, which probably is a factor.... they probably figure I don't need a higher limit so they won't give me one, at least not for a while.

I haven't added income to my profile either. It hasn't changed since I applied for the card in February. If my income changes significantly enough in the positive I'll update it... but that's about as likely to happen as an auto CLI... lol.

Re: Chase credit limit increase (CLI)?

rbentley — Thu, 16 Aug 2018 13:25:08 GMT

@staticvoidmain wrote:
I have had my Amazon Prime Visa for 4 years, and only two auto CLI, from SL of $5000, to $6000, to $9000... 3 years ago.

You received both of your auto CLI's in the first year, but nothing in the three years since? What was the timing on them in that first year.

Re: Chase credit limit increase (CLI)?

xaximus — Thu, 16 Aug 2018 14:46:52 GMT

With Chase, It's a hit or miss. I received a CLI after I requested it, but it was a big one. Apparently, income does play a role as if it's not listed, the chances of getting one are slimmer (just from what I've seen/heard/read). I would suggest updating income in all CC lenders (make sure they are the same as well.)

Re: Chase credit limit increase (CLI)?

MakingProgress — Thu, 16 Aug 2018 20:50:00 GMT

@Anonymous wrote:
@Anonymous.

And as a side note about actually requesting a CLI (HP) from Chase. They are stingy. You'd be better off using that HP to open another Chase card and then combining the new limit to your old card (or vice versa).

Of course you need to be under 5/24 for that to work.