topic Re: Getting CL restored back with Chase? in Credit Cards

Getting CL restored back with Chase?

KnowledgeSeekr — Tue, 05 Jul 2022 11:27:04 GMT

Chase dropped one of the limits on my cards ($10k) which I paid off every single month in full because I had another card with them maxed out because of a 0% balance transfer offer. The reasoning being was balance was too high in relation to income which my DTI is under 25%.
Message them and only option they are giving is to call in and they can reconsider with a HP which I don't want.
Any other suggestions on how to get previous limits restored without a HP?

Re: Getting CL restored back with Chase?

NRB525 — Tue, 05 Jul 2022 14:44:41 GMT

Sorry to hear about the CLD. Chase also CLD'd several of my cards with them back in the day.
Since the default position of Chase is that a customer initiated CLI request requires a HP, that is what you can expect here. And really, that makes sense from their perspective. A customer with high utilization, such as my cards years ago, triggers their automatic risk reduction algorithm to reduce availability of credit. In order to override that, an underwriter needs to look at a fresh credit report.

Alternatively you can wait for the algorithm to see your risk level improve, at which point you might get an auto-CLI. But that could be years away, honestly.

Re: Getting CL restored back with Chase?

coldfusion — Tue, 05 Jul 2022 15:19:23 GMT

The short answer to your question is: No. If you want to request a CLI it will cost you a HP.

Re: Getting CL restored back with Chase?

babygirl1256 — Fri, 08 Jul 2022 05:19:50 GMT

@KnowledgeSeekr If Chase doesn't give an auto-increase, the only other way is to grant a hard pull. I'd had my oldest Chase card since 2012, never late and keep balance around 7% . . . yet I've never received an auto-increase and still won't agree to a hard pull. Not sure Chase will change that policy soon. Best wishes!

Re: Getting CL restored back with Chase?

purebulldogs — Fri, 08 Jul 2022 19:15:22 GMT

I had a card with chase around 5 years ago that had a zero intro offer. I maxed it out and did that on another issuer, bank of America. Similar intro deal so i had 2 cards close to the limits.

I paid both off right before the intro ended. Bank of America I was able to get a credit increase. With chase, they lowered the limit to $500 from the 10k limit.

I called and they restored the limit but chase seems strict when you carry a balance for a while, even during the intro period.

They were good with reconsidering so I like chase but I won't carry a balance for long on their cards. Definitely call. Probably a good chance they will restore it.

Chase told me they are fine with someone carrying a balance a few months during the intro but frown upon it during the entire time.

Re: Getting CL restored back with Chase?

KnowledgeSeekr — Sun, 10 Jul 2022 00:55:47 GMT

Thanks for the response. So to be clear did they restore it without having to do a hard pull? I wonder if paying down the card gradually is better than all at once.

Re: Getting CL restored back with Chase?

OmarGB9 — Sun, 10 Jul 2022 04:40:47 GMT

@KnowledgeSeekr wrote:
Thanks for the response. So to be clear did they restore it without having to do a hard pull? I wonder if paying down the card gradually is better than all at once.

It doesn't matter. If an issuer sees you as risky, they'll balance chase you either way - either slowly as you slowly pay it down, or immediately after you pay down your balance all at once.