topic Re: CLI's.... in Credit Cards

CLI's....

afbar1114 — Wed, 02 May 2012 21:18:40 GMT

what is the best way to get an auto CLI on chase and bankamericard cash rewards. if its even possible. someone told me bring it right up to limit and then pay it off

Re: Auto CLI's....

android01 — Mon, 30 Apr 2012 03:11:33 GMT

The best way to get a CLI on anything is to leave them ALL alone for at least a year.

Re: Auto CLI's....

afbar1114 — Mon, 30 Apr 2012 03:15:23 GMT

then why do people tell me try at 6 months

Re: Auto CLI's....

Creditaddict — Mon, 30 Apr 2012 03:17:52 GMT

I just think it's a waste to sit around and "try" to figure out when and what some computer system is going to give you more CL without asking... Pick the cards that you can request a CLI without HP and as other poster said the cards that will require HP (Chase, etc.) Leave alone for a year.

You go to them and take the HP after you get other higher limit cards because you have much better and more established credit, then your old cards should follow or ditch them!

Re: Auto CLI's....

Anonymous — Mon, 30 Apr 2012 03:26:39 GMT

If you're trying, it's not auto.

Generally, use the card and pay in full. It also comes down to companies. Chase doesn't really grow in proportion to use (in my experience) so people tend to be stuck with whatever their approval CL was for a while. I've read threads where people were stuck with low limits for years or burned an inquiry only to get a few hundred dollar increase, LOL! Chase Freedom will likely be freed to the shredder later this year but I'll leave it open to help with utilization.

Citi has been pretty good to me with CLIs on both cards.

Re: Auto CLI's....

afbar1114 — Mon, 30 Apr 2012 03:31:14 GMT

i think i will always keep chase. i will never go to citi again because they were so rude to me when i tried to do a recon and it sounded like there were saying i was a dead beat who doesnt pay bills because i had a late showing up on my report when infact there was no late but a disputing error with an old account

Re: Auto CLI's....

Anonymous — Mon, 30 Apr 2012 03:42:18 GMT

@afbar1114 wrote:
i think i will always keep chase. i will never go to citi again because they were so rude to me when i tried to do a recon and it sounded like there were saying i was a dead beat who doesnt pay bills because i had a late showing up on my report when infact there was no late but a disputing error with an old account

I wouldn't let one CSR taint your opinion of a whole company.

Re: Auto CLI's....

LS2982 — Mon, 30 Apr 2012 09:45:25 GMT

@afbar1114 wrote:
what is the best way to get an auto CLI on chase and bankamericard cash rewards. if its even possible. someone told me bring it right up to limit and then pay it off

Use them heavily and PIF, if you have to leave a balance try not to go over 20%. Usage / Good paymeny history / CR's looking good are the key factors for Auto CLI's.

Re: Auto CLI's....

boomhower — Mon, 30 Apr 2012 10:33:04 GMT

Chase and BOA are both hard to get autos with. I ended up dropping BOA and burned an INQ with Chase to get one on my Freedom card. Initially they only went from $1000->$1500. After a lot of prodding and working up the ladder I got them to go to $5k but let me tell you it wasn't quick or easy.

Re: Auto CLI's....

Anonymous — Mon, 30 Apr 2012 11:09:14 GMT

@ Boom,

I ended up with a $3K limit and really should have waited or researched a little more in advance.

There's no way I'm eating a HP for a CLI. I know a lot of people feel it's okay because a CLI will not impact your AOAA, versus a new account. It just doesn't seem right that an existing relationship with needs a hard inquiry.

Re: Auto CLI's....

navigatethis12 — Mon, 30 Apr 2012 13:05:34 GMT

Chase does not really do automatic increases a lot. You can apply for a new Chase card and receive a high limit and reallocate credit lines if you want though. Bank of Garbage is serviced by FIA and they seem to be alright with automatic increases. With any issuer you usually have to wait around six months before your credit limit would increase.

Re: Auto CLI's....

Smug — Mon, 30 Apr 2012 13:17:28 GMT

I just got off the phone with a BOA CA, she said they no longer give auto CLI, and any one would be a hard pull, I took a chance and got my Amex with them a 3K increase. She said its there stand against the economy lol...

Re: Auto CLI's....

Anonymous — Mon, 30 Apr 2012 13:30:45 GMT

I've had a "BoA" card since 2008/2009 when they acquired MBNA (Or whenever it was).

It's no surprise that ever since then, I've never had an Auto-CLI.

BTW, the best way to get an Auto-CLI is to just not expect it and be happy if it ever happens.

You can discuss "strategy" of getting one all you want, but in the end, even the best strategy could lead to nothing happening. That's why it's an "auto".

Re: Auto CLI's....

Anonymous — Mon, 30 Apr 2012 14:10:33 GMT

I'm really not surprised that a lot of lenders require hard pulls for credit limit increases. It helps banks control their risk exposure and makes sure that the borrower actually needs the extra credit by making him pay for it with an inquiry. After all, the borrower is asking for more credit, which is what inquiries are supposed to represent, that the person was trying to borrow more money. Soft pulls should be reserved for other scenarios.

Re: Auto CLI's....

afbar1114 — Mon, 30 Apr 2012 17:00:48 GMT

overall how is chase and BoA on CLI's. if i ask at 6 months will that be good?

Re: Auto CLI's....

Anonymous — Mon, 30 Apr 2012 17:41:25 GMT

It's been said very often here: Chase is terrible on CLIs.

I don't understand why anyone needing frequent CLIs would apply for a Chase product.

Re: Auto CLI's....

afbar1114 — Mon, 30 Apr 2012 17:53:47 GMT

The rewards on freedom are great and when you have checking to its awesome

Re: Auto CLI's....

Anonymous — Mon, 30 Apr 2012 17:58:41 GMT

Drkaje's point wasn't the rewards.

Yes, they are awesome, but if you want that card expecting to get auto-CLIs and expecting to get massive CLI's without a hard pull, then you are in for a disappointment.

I had no idea about any of this when I got my Chase Freedom and had no clue I'd be stuck at 1,400 forever. Yes, the card is awesome. Yes, the link the checking account and eventually the CSP is the best.

It's a good thing that what I care about is the rewards and not the CLI, because then I'd just be frustrated.

Five years from now, my CL could very well still be $1,400.

Re: Auto CLI's....

afbar1114 — Mon, 30 Apr 2012 18:16:34 GMT

I dont care about limit rewards more

Re: Auto CLI's....

Anonymous — Mon, 30 Apr 2012 18:19:56 GMT

@afbar1114 wrote:
I dont care about limit rewards more

I'm confused, if you don't care about limit... then what is this thread about then?