topic Re: Chase temporary CLI?? in Credit Cards

Chase temporary CLI??

Anonymous — Wed, 08 May 2013 10:12:12 GMT

Hi All,

I need insight to this one as I didnt expect this. I have had a chase freedom card for a year now with no CLI, also no periodic account reviews on my credit report since October 2012. A couple of days ago I sent a secure message to Chase making sure that everything was kosher with my account as I have never been late and I am currently sitting at 20% utilization. (My credit limit is $500.00) I recieved the response that many of you have on here stateing that they would need to do a hard pull. I waited a few days and responded that I couldnt risk a hard pull at this time so I will wait, but I reiterated to them I felt it was odd that I am sitting at such a low limit and it doesnt appear that my accout has been reviewed.

This entire conversation was done by secure message. Well this morning I wake up and I recieved a TEMPORARY credit line increase for 60 days to $1000.00.. lol.. It will revert back to the $500.00 in July.. Now yes I am grateful but I really dont understand the logic of a temporary increase.

What do yall think, Do you think they just did that so they would have time to do a SP?? I'm lost with this one..

Re: Chase temporary CLI??

LS2982 — Wed, 08 May 2013 10:17:12 GMT

@Anonymous wrote:
Hi All,
I need insight to this one as I didnt expect this. I have had a chase freedom card for a year now with no CLI, also no periodic account reviews on my credit report since October 2012. A couple of days ago I sent a secure message to Chase making sure that everything was kosher with my account as I have never been late and I am currently sitting at 20% utilization. (My credit limit is $500.00) I recieved the response that many of you have on here stateing that they would need to do a hard pull. I waited a few days and responded that I couldnt risk a hard pull at this time so I will wait, but I reiterated to them I felt it was odd that I am sitting at such a low limit and it doesnt appear that my accout has been reviewed.

This entire conversation was done by secure message. Well this morning I wake up and I recieved a TEMPORARY credit line increase for 60 days to $1000.00.. lol.. It will revert back to the $500.00 in July.. Now yes I am grateful but I really dont understand the logic of a temporary increase.

What do yall think, Do you think they just did that so they would have time to do a SP?? I'm lost with this one..

I've never hear of temporary CLI's with Chase. I would call and get details about it.

Re: Chase temporary CLI??

Anonymous — Wed, 08 May 2013 10:19:06 GMT

I found it odd myself.. I may give them a ring in a week or so not to jinx anything that possibly is going on in the background..

Re: Chase temporary CLI??

Anonymous — Wed, 08 May 2013 13:59:45 GMT

Re: Chase temporary CLI??

youngandcreditwrthy — Wed, 08 May 2013 15:42:53 GMT

Maybe they are doing it to test you?! Don't fall for it!

Re: Chase temporary CLI??

unc0mm0n1 — Wed, 08 May 2013 15:45:44 GMT

Re: Chase temporary CLI??

Anonymous — Wed, 08 May 2013 15:49:55 GMT

LMAO.. No I'm not falling for it.. Just seems pointless for it to revert back in July.. ah well.. I will still treat it as a $500.00 limit card.

Re: Chase temporary CLI??

Anonymous — Wed, 08 May 2013 15:56:55 GMT

@unc0mm0n1 wrote:

Re: Chase temporary CLI??

Rackham94 — Wed, 08 May 2013 16:10:35 GMT

Bait and switch? What is your APR?

Re: Chase temporary CLI??

rex_03 — Wed, 08 May 2013 16:11:17 GMT

Possibly to see if you can manage a higher limit? I wouldn't think so though.. Either grant a CLI, or dont. It is odd either way..

Re: Chase temporary CLI??

Anonymous — Wed, 08 May 2013 16:16:42 GMT

I have a 0% introductory APR until 8/2013. After that period is over my APR goes up to 19%.. I think I'll call them in a week or so and ask whats up, thanks for the laugh.

Re: Chase temporary CLI??

Anonymous — Wed, 08 May 2013 17:59:55 GMT

Completely different but kind of the same...Discover offered me 0% for 12 months last year and temporary cli from 3.5k to 7k if I spent 3000. I ended up using 1500 and writing a check to myself for the other half so I have a temporary line with them for 7k. I'm not sure what would happen if the balance was higher than the original limit when the cl drops so I've kept it well below the original 3500. Also, Oddly enough I called in March for a cli and they bumped it to 4k but the temp line is still 7k.