topic Re: Chase Ceiling/PC in Credit Cards

Chase Ceiling/PC

EaglesFan2006 — Thu, 30 May 2013 16:41:07 GMT

If I wanted to get some honest info from Chase regarding their "credit ceiling" or the possibility of a PC or new card, how would i go about doing that? I'm afraid that calling a CS won't yield the info I want.

Re: Chase Ceiling/PC

Creditaddict — Thu, 30 May 2013 17:00:16 GMT

@EaglesFan2006 wrote:
If I wanted to get some honest info from Chase regarding their "credit ceiling" or the possibility of a PC or new card, how would i go about doing that? I'm afraid that calling a CS won't yield the info I want.

Ceiling for you personally?

Product Change from and to?

What current cards and limits do you have?

Re: Chase Ceiling/PC

romey050500 — Thu, 30 May 2013 17:13:28 GMT

I'm interested in this also.

Re: Chase Ceiling/PC

EaglesFan2006 — Thu, 30 May 2013 18:36:55 GMT

@Creditaddict wrote:
@EaglesFan2006 wrote:
If I wanted to get some honest info from Chase regarding their "credit ceiling" or the possibility of a PC or new card, how would i go about doing that? I'm afraid that calling a CS won't yield the info I want.
Ceiling for you personally?
Product Change from and to?
What current cards and limits do you have?

Yes, for me personally. I remember them saying they have certain credit they'd extend to one person, and that was when I first got the card one year ago. I have a Chase Freedom with a 1500 limit, but I also have a Citi with 1900, Barclay with 3900, and two Cap Ones with a total of 2250

Re: Chase Ceiling/PC

broseph23 — Thu, 30 May 2013 18:43:58 GMT

It means that at the time, Chase had given you the max amount of credit they could offer you based on your credit profile and income. Obviously if that was awhile ago, things may have changed. If your scores have risen significantly or income has also increased, then if you're willing to take a HP, call them and ask for a CLI

Re: Chase Ceiling/PC

EaglesFan2006 — Thu, 30 May 2013 18:52:54 GMT

Thanks. I know i can just ask for a CLI, I guess I was just hoping to get more specific details on how they view the ceiling or an additional card or anything. I suppose that's not possible without a hard pull though. Oh well. I know Chase does account reviews twice a year, but not sure if they actually re-evaluate that.

Re: Chase Ceiling/PC

EaglesFan2006 — Thu, 30 May 2013 19:06:16 GMT

Would a PC be treated as the same type of inquiry? That's probably a dumb question, but I've never attempted a PC before.

Re: Chase Ceiling/PC

Walt_K — Thu, 30 May 2013 19:48:16 GMT

A product change typically doesn't come with an inquiry (I assume that is true for Chase as well).

I highly doubt Chase will tell you their formula for setting max credit limit. Unfortunately, it's one of those things that you just have to apply and see. But if you apply for a new card and get denied for already having been extended sufficient credit, you can recon and see if they will open the card if you move some credit over from your existing account(s).

Re: Chase Ceiling/PC

CreditScholar — Fri, 31 May 2013 00:30:22 GMT

The only way to find out is to try, or in some cases you can ask. Although they won't tell you how they calculate it, if your're lucky you may be given an idea of where you stand. When I told them I was thinking about applying for another card since none of mine had an EMV chip but was worried that I might hit my internal limit, I was told that I was nowhere near my limit and I'd be fine. The Ritz Carlton card then started being issued with EMV chips, so once they sent me my new one that problem was solved.

Re: Chase Ceiling/PC

jamesdwi — Fri, 31 May 2013 01:09:47 GMT

Once you have Chase for a year, they will most likely give you a higher internal credit limit, unless you have recent baddies on your report or low income. Your curent cards have a lower limit and will grow over time with CLI requests or perhaps auto-cli's if you are lucky.

Re: Chase Ceiling/PC

EaglesFan2006 — Fri, 31 May 2013 12:53:10 GMT

@jamesdwi wrote:
Once you have Chase for a year, they will most likely give you a higher internal credit limit, unless you have recent baddies on your report or low income. Your curent cards have a lower limit and will grow over time with CLI requests or perhaps auto-cli's if you are lucky.

Thanks...so I've heard that Chase is stingy with auto CLI. So my question is, if they do their review and all, does not receiving an Auto CLI necessarily mean that they didn't increase your "internal" CL?

Re: Chase Ceiling/PC

emptypockets — Fri, 31 May 2013 13:38:24 GMT

I would say that not receiving an auto CLI on account review doesn't have much to do with your internal limit being reached or increased. They seem to be sort of "random" with auto-CLI's as well. I have seen many people on these boards say they didn't get a auto CLI, but apped for a new card, and got it with a decent limit.

For example, I got a Freedom and CSP last June/July. Both were used regularly, but i carried a balance for a while on the Freedom (0% for 15 mos for purchases). The Freedom got a auto-CLI of 2.2k in December. The CSP to date has received no auto CLI. I recently apped for The Chase Marriott, and was approved with a 15.1 k limit. That brings my total limits with Chase to 41k.

Re: Chase Ceiling/PC

Creditaddict — Fri, 31 May 2013 14:43:00 GMT

I agree current doesn't really predict future with Chase unless you just got denied within a month or something. My partner has a $1500 Freedom that was opened for $1k when he financed his auto like 5 years ago... it auto cli to $1500 sometime almost 3 years ago and sat... it NEVER fit his credit portfolio but he never really used it and I rarely do (currently finishing out the Lowes thing while moving!) Anyway back 4 months ago or what not he did the pre-qual on Chase.com and was offered Slate with 0% and no BT fee and applied and was instantly approved $9k.

Re: Chase Ceiling/PC

EaglesFan2006 — Fri, 31 May 2013 16:57:35 GMT

@Creditaddict wrote:
I agree current doesn't really predict future with Chase unless you just got denied within a month or something. My partner has a $1500 Freedom that was opened for $1k when he financed his auto like 5 years ago... it auto cli to $1500 sometime almost 3 years ago and sat... it NEVER fit his credit portfolio but he never really used it and I rarely do (currently finishing out the Lowes thing while moving!) Anyway back 4 months ago or what not he did the pre-qual on Chase.com and was offered Slate with 0% and no BT fee and applied and was instantly approved $9k.

I jus ran through the pre-qual tool on the Chase site and received no offers. I guess that means i'm not held in very high regard with them after all...

Re: Chase Ceiling/PC

Anonymous — Fri, 31 May 2013 17:02:11 GMT

@EaglesFan2006 wrote:
@Creditaddict wrote:
I agree current doesn't really predict future with Chase unless you just got denied within a month or something. My partner has a $1500 Freedom that was opened for $1k when he financed his auto like 5 years ago... it auto cli to $1500 sometime almost 3 years ago and sat... it NEVER fit his credit portfolio but he never really used it and I rarely do (currently finishing out the Lowes thing while moving!) Anyway back 4 months ago or what not he did the pre-qual on Chase.com and was offered Slate with 0% and no BT fee and applied and was instantly approved $9k.
I jus ran through the pre-qual tool on the Chase site and received no offers. I guess that means i'm not held in very high regard with them after all...

I really don't think that means much... in the grand scheme of things.

Re: Chase Ceiling/PC

Anonymous — Fri, 31 May 2013 17:02:30 GMT

I never had any pre-quals, but got approved for Freedom.

Re: Chase Ceiling/PC

Anonymous — Fri, 31 May 2013 19:33:50 GMT

I have three Chase cards.

Amazon @ 4K

Slate @ 9K

CSP @ 23K

Opened in that order as well (Amazon & Slate on the same weekend).