topic Re: What triggered auto CLI from Chase? in Credit Cards

What triggered auto CLI from Chase?

Anonymous — Tue, 20 Aug 2013 20:05:36 GMT

A few months back, my Chase Amazon Visa was sitting at a $400 credit limit. All of a sudden it jumped to $700. I can only think of two things that prompted this:

1. My card was open for 5 months at the time, and I was using it heavily, and high utilization, almost maxng out, way before I got educated on the importance of credit cards and how to properly utilize them. After heavy usage and paying on time, I decided to change my end of cycle date. Could this have prompted a manual review?

2. I activated a Capital One card around the same time, maybe a month earlier for $500. Does Chase do periodical soft pulls to see if they are your highest limit?

I also recently got the $500 LUV button increase, albeit with the help of a CSR. I was past the 6 months, was I due, or did they see that they werent my highest limit and gave me the increase?

I should also note that I got approved for a CDP with $500 limit. I thought they were going to match or beat my highest limit..I am going to recon that.

Any ideas or responses appreciated.

Re: What triggered auto CLI from Chase?

jenn_bar — Tue, 20 Aug 2013 20:10:27 GMT

Do you let the balance show or do you pay it off before the statement cuts? Confused as to how your management changed after you learned about the importance of credit cards.

Re: What triggered auto CLI from Chase?

Anonymous — Tue, 20 Aug 2013 21:43:03 GMT

Nowadays I don't really keep any balances. I would pay them off before the cycle ended but I realized that it would report my utilization at 0 percent, which probably did not help my credit score even though I did use my credit cards. So what I am doing now is using credit for pretty much everything to get rewards and leaving maybe $50 to be reported monthly . I hope this will raise my credit score.

And my management has definitely changed. Before, all I knew was swipe and pay before the due date. I never knew that things like average age of account, utilization, or even inquiries mattered. Hell I never knew what a soft or hard pull was.. now i know.

I would have one credit card only, max it out and pay in full. 100% utilization isn't the best.

MyFico has definitely helped!

Re: What triggered auto CLI from Chase?

Anonymous — Tue, 20 Aug 2013 21:58:49 GMT

Chase, like many other lenders, like heavy usage. If you're using the money they lent to you, they're making money on it, assuming you pay it back.

Customers who generally use the card more are more likely to result in auto CLIs.

Re: What triggered auto CLI from Chase?

Anonymous — Wed, 21 Aug 2013 01:04:59 GMT

correct, but there are countless people who have used it heavily as well as many other methods and still haven't gotten one. Success stories are rare..

Re: What triggered auto CLI from Chase?

CreditScholar — Wed, 21 Aug 2013 01:43:06 GMT

As enharu said its more likely, but not a guarantee.

If a person has applied for new cards recently, they're less likely to get an auto CLI since they essentially (already) gave into you in the form of a new TL. Heavy usage does play a large role for Chase. I got 2x auto CLIs in 12 months, and both times I was using about 50% of my CL on the card.

Re: What triggered auto CLI from Chase?

FinStar — Wed, 21 Aug 2013 03:15:40 GMT

@CreditScholar wrote:
As enharu said its more likely, but not a guarantee.

If a person has applied for new cards recently, they're less likely to get an auto CLI since they essentially (already) gave into you in the form of a new TL. Heavy usage does play a large role for Chase. I got 2x auto CLIs in 12 months, and both times I was using about 50% of my CL on the card.

I have seen heavy usage as a contributing factor IME as well.

Re: What triggered auto CLI from Chase?

mikey78 — Wed, 21 Aug 2013 05:00:32 GMT

after reading this i went to check my freedom acct and hoping i see a CLI
I see you have payment due 25 bucks young man message

Re: What triggered auto CLI from Chase?

Anonymous — Wed, 21 Aug 2013 09:42:28 GMT

How many months until they reward you?

Re: What triggered auto CLI from Chase?

_jb_ — Wed, 21 Aug 2013 10:46:22 GMT

I got auto-CLI on both of my Chase cards as well with heavy usage. The CSP is my workhorse and the Amazon for obvious reasons. Both were right around 5 months.

Re: What triggered auto CLI from Chase?

takeshi74 — Wed, 21 Aug 2013 13:16:27 GMT

@Anonymous wrote:
correct, but there are countless people who have used it heavily as well as many other methods and still haven't gotten one.

It's really impossible to compare without knowing every detail regarding each individual's situation. It's definitely not just a matter of a single factor like usage. There are multiple contributing factors at play.