topic Re: CSP CLI - advice in Credit Cards

CSP CLI - advice

xiownthisplacex — Wed, 08 Aug 2012 18:21:04 GMT

I currently have the United and CSP, both with 5k limit. Have the United since Oct 2011 and the CSP since April 2012.

I want to increase my limits on both. What would be a reasonable offer to make? No baddies ever and income is 70k.

The only reason I haven't requested anything yet is because of the HP and I wanted to see what your thoughts are on it before I spend an inquiry for no reason if it's not worth it.

Re: CSP CLI - advice

Anonymous — Wed, 08 Aug 2012 22:00:32 GMT

I would wait until the 6 month mark for the CSP. Are you using the cards pretty heavily?

Re: CSP CLI - advice

xiownthisplacex — Wed, 08 Aug 2012 22:07:44 GMT

About $1,000 a month on each. I was thinking of asking for a CLI on both at the same time, will that be just one HP? Or will they do 2 HP anyway?

Re: CSP CLI - advice

Anonymous — Wed, 08 Aug 2012 22:14:16 GMT

@Anonymous wrote:
I would wait until the 6 month mark for the CSP. Are you using the cards pretty heavily?

+1...I would wait 6 mos, and then call the executive office. You may be able to get an increase without a hard pull. I was able to get a $10K increase on my freedom this way...

Re: CSP CLI - advice

xiownthisplacex — Thu, 09 Aug 2012 00:00:00 GMT

Good to know! I will wait 6 months then, hope it will be just a SP

Re: CSP CLI - advice

LS2982 — Thu, 09 Aug 2012 00:09:36 GMT

@Anonymous wrote:
@Anonymous wrote:
I would wait until the 6 month mark for the CSP. Are you using the cards pretty heavily?
+1...I would wait 6 mos, and then call the executive office. You may be able to get an increase without a hard pull. I was able to get a $10K increase on my freedom this way...

I agree, there have been members here with positive experiences with the executive office getting a SP CLI.

Re: CSP CLI - advice

WhiteCollar — Thu, 09 Aug 2012 02:31:29 GMT

Since Chase does a HP for all customer initiated CLI's, you should request both at the same time. I recommend waiting until your CSP has aged at least 6 months.

Re: CSP CLI - advice

Anonymous — Thu, 09 Aug 2012 02:40:06 GMT

Always ask for the highest you want because if it can't be granted, chase does counter-offer.

Re: CSP CLI - advice

Anonymous — Thu, 09 Aug 2012 03:29:46 GMT

I suggest taking the HP. As someone mentioned, you can possibly get CLI on both cards with one pull.

Be sure to call the backdoor number if you have any issues whatsoever. Just make sure you speak to someone who sounds pleasant and knowledgeable. (I speak with much experience. Even Chase has cranky and/or less-than-helpful credit analysts.)

By the way, I've been able to increase both my CSP ($5k > $20k) and United cards ($10k > $20k) substantially with less than 4 months of opening each card.

I do suggest PIF whenever possible and utilization less than 10%. Chase loves both.

Re: CSP CLI - advice

Anonymous — Thu, 09 Aug 2012 03:39:35 GMT

Waiting for some more time is good option. I am also considering apping for chase card after 2 months..

Re: CSP CLI - advice

xiownthisplacex — Thu, 09 Aug 2012 04:10:48 GMT

@Anonymous wrote:
I suggest taking the HP. As someone mentioned, you can possibly get CLI on both cards with one pull.

Be sure to call the backdoor number if you have any issues whatsoever. Just make sure you speak to someone who sounds pleasant and knowledgeable. (I speak with much experience. Even Chase has cranky and/or less-than-helpful credit analysts.)

By the way, I've been able to increase both my CSP ($5k > $20k) and United cards ($10k > $20k) substantially with less than 4 months of opening each card.

I do suggest PIF whenever possible and utilization less than 10%. Chase loves both.

I always PIF with every CC, if I can't afford it, I won't buy it. CC APR is just too high to not PIF. Util is always at about 20% on each card, but I will make sure to pay them off before requesting a CLI and wait till they report.