topic Re: Chase Saphire Preferd in Credit Cards

Chase Saphire Preferd

Anonymous — Mon, 03 May 2021 01:41:07 GMT

Hi, I was just approved last month for the Chase CSP with a SL of 16,700 looking for best ways to increase and grow this line within the next year with a soff pull if possible, will be putting a decent ammount of spending through it.

Re: Chase Saphire Preferd

FinStar — Mon, 03 May 2021 01:48:28 GMT

Any auto-CLIs will largely depend on card usage/cycling, your overall profile, internal behavioral score/metrics, etc.

Unfortunately, any customer-inititated CLI requests are always HP. In the past, there were a variety of pre-approved CLI offers for select cardholders, but those haven't been as prevalent these days.

So, hopefully, with a decent amount of spend on the card, they may auto-CLI in the future.

Re: Chase Saphire Preferd

Anonymous — Mon, 03 May 2021 02:35:55 GMT

Hey, thanks for the reply what if I was going to use a HP in about six months to a year, I'm going to pay the card in full each month and plan to put anywhere from 1500-3000 a month on it or more depndning on the month. What are the best tips for improve to the limit? I would hope one day to have it anywhere between 20-30k limit for utilzation purposes.

Re: Chase Saphire Preferd

CreditCuriosity — Mon, 03 May 2021 02:46:28 GMT

With 1-3k spend a month on a good limit already overall i certainly as mentioned above would not expect a SP CLI and in all honesty why would you want to take a HP for a CLI on a limit you will be using 1/5th of limit as you said 1-3k a month and 3k puts it at that threshold? IMO not worth the HP to get limit increase after 6 months to a year as if you put that kinda spend on it most likely the increase wouldn't be worth the HP just open up another chase card if you are under 5/24 and reallocate limit and collect bonus and pass go.

Re: Chase Saphire Preferd

FinStar — Mon, 03 May 2021 03:12:46 GMT

@CreditCuriosity wrote:
With 1-3k spend a month on a good limit already overall i certainly as mentioned above would not expect a SP CLI and in all honesty why would you want to take a HP for a CLI on a limit you will be using 1/5th of limit as you said 1-3k a month and 3k puts it at that threshold? IMO not worth the HP to get limit increase after 6 months to a year as if you put that kinda spend on it most likely the increase wouldn't be worth the HP just open up another chase card if you are under 5/24 and reallocate limit and collect bonus and pass go.

Agree with the above.

OP, the card would need some cycling upwards of half the limit (or above) every month in order to see some tangible results. While $1K-$3K is commendable, it's not incentivizing Chase to yield more if you're only using a smaller portion of the entire CL. And, while results will generally vary from profile to profile, historically a variety of members have reported success (without the need of HP) by receiving an auto-CLI if considerable spend is placed on the card. IME, this is how it fared for my Ritz, CSP, Bonvoy, United, IHG and FU (now Flex) cards at different intervals.

Re: Chase Saphire Preferd

Remedios — Mon, 03 May 2021 16:33:57 GMT

@Anonymous wrote:
Hi, I was just approved last month for the Chase CSP with a SL of 16,700 looking for best ways to increase and grow this line within the next year with a soff pull if possible, will be putting a decent ammount of spending through it.

I was approved for that same amount.

I don't know how much you need to spend for their algorithm to consider increase, I can only tell you that $5K-$6K over extended period of time did nothing.

It still has the same limit and I don't see that changing.

Re: Chase Saphire Preferd

Loquat — Mon, 03 May 2021 22:34:57 GMT

@Remedios wrote:
@Anonymous wrote:
Hi, I was just approved last month for the Chase CSP with a SL of 16,700 looking for best ways to increase and grow this line within the next year with a soff pull if possible, will be putting a decent ammount of spending through it.
I was approved for that same amount.
I don't know how much you need to spend for their algorithm to consider increase, I can only tell you that $5K-$6K over extended period of time did nothing.
It still has the same limit and I don't see that changing.

Same here. I've got a few Chase cards and I've pushed the limits many, many times for lots of cycles in a row and received nothing in the way of a SP CLI. Since then I've added equal or better cards so the need for a CLI has since faded into the distance and my current limits are more than sufficient for what I used them for.

Re: Chase Saphire Preferd

disdreamin — Tue, 04 May 2021 00:32:37 GMT

Been with Chase for many years, SP CLI are few and far between in my experience. I got one *once* on a Disney Visa card, but I think that may have had more to do with Disney magic than Chase lol.

As far as putting a few thousand through your new card per month, I am with the others commenting that is probably not enough spend to justify a need for extending more credit. Frankly, for what you are going to be doing, that limit sounds reasonable. I'd also encourage you to consider that they are MUCH more stingy with CL lately, at least in my experience. I had to move CLs around to get my CSP and it was the first time I've ever had to do something like that. I've got an older, fairly thick file, and had 850's across the board for FICO 8's when I applied, and they still wouldn't budge on the SL needing to come from reallocation of other limits.