topic Re: Chase Freedom Auto CLI question in Credit Cards

Chase Freedom Auto CLI question

red259 — Sat, 19 Oct 2013 00:13:28 GMT

For those of you who have receieved multiple credit line increases, how long was it between your first CL and you next one? It seems like they start considering people for the first one around the four month mark but I was wondering how long they wait before considering another auto limit increase.

Re: Chase Freedom Auto CLI question

myjourney — Sat, 19 Oct 2013 00:23:15 GMT

@red259 wrote:
For those of you who have receieved multiple credit line increases, how long was it between your first CL and you next one? It seems like they start considering people for the first one around the four month mark but I was wondering how long they wait before considering another auto limit increase.

YMMV but Chase is usually a 6 month reviewer

So every 6 months

Re: Chase Freedom Auto CLI question

FinStar — Sat, 19 Oct 2013 00:43:07 GMT

@myjourney wrote:
@red259 wrote:
For those of you who have receieved multiple credit line increases, how long was it between your first CL and you next one? It seems like they start considering people for the first one around the four month mark but I was wondering how long they wait before considering another auto limit increase.
YMMV but Chase is usually a 6 month reviewer
So every 6 months

OP - there is no exact CLI "barometer" that could somehow magically forecast when an expected CLI would occur. These forums represent only a small fraction of the whole Fredoom CC population to discern some plausible statistics.

Some individuals have received auto-CLIs in a 4-6 month period, others none. Some have received it in a year's mark, others not so much. It's a YEMV situation like anything. Chase CCs are usually a spend-centric, so your spending, internal scoring, periodic AR, history, will determine the outcome. Even two individuals with similar profiles will receive different outcomes.

Re: Chase Freedom Auto CLI question

Anonymous — Sat, 19 Oct 2013 00:36:37 GMT

They gave me a $500 starting limit. Im coming up on month three and hoping for a review soon.

I know that heavy usage may help an AUTO CLI.

Does heavy usage mean swiping lots and lots? Or could it also mean swiping once for a large amount, and paying it off before statement cuts?

I intend to leave maybe 20 bucks either way when statement cuts.

Re: Chase Freedom Auto CLI question

Anonymous — Sat, 19 Oct 2013 01:13:40 GMT

There's no exact time frame. I received 2 CLIs in the first 6 months of account opening.

Re: Chase Freedom Auto CLI question

Anonymous — Sat, 19 Oct 2013 01:16:05 GMT

Sounds like you are in the same boat as me. I'm at 3 months sunday, and hoping for an auto CLI increase in the next month. I'm also trying for heavy usage - have put some 6.6k through the card since I got it (1k first month, 2.9k second month, 2.7k thus far this month) - mostly in transactions less than $100, but a few above $200. Will be interesting given my lack of other history to see if that works (I also have a banking relationship with them though).

Heavy usage is putting alot of transactions through, and some larger purchases (but not a single large purchases I don't think - thought its pretty hard to go too large with a 500 dollar limit ).

Keeping your util at statement cut is pretty sound, 1-9% is optimum so $20 isn't bad. Paying off before the statement cuts is definitely advisable though as you plan.

Re: Chase Freedom Auto CLI question

Anonymous — Sat, 19 Oct 2013 01:22:03 GMT

I've received an auto CLI every four months almost on the dot. In fact I just received one today.

I got the card in Feb on a recon with a $1k limit, got a $500 auto CLI in June and a $300 auto CLI today. I'm at $1.8k now.

Re: Chase Freedom Auto CLI question

Anonymous — Sat, 19 Oct 2013 02:16:20 GMT

@Anonymous wrote:
Sounds like you are in the same boat as me. I'm at 3 months sunday, and hoping for an auto CLI increase in the next month. I'm also trying for heavy usage - have put some 6.6k through the card since I got it (1k first month, 2.9k second month, 2.7k thus far this month) - mostly in transactions less than $100, but a few above $200. Will be interesting given my lack of other history to see if that works (I also have a banking relationship with them though).

Heavy usage is putting alot of transactions through, and some larger purchases (but not a single large purchases I don't think - thought its pretty hard to go too large with a 500 dollar limit ).

Keeping your util at statement cut is pretty sound, 1-9% is optimum so $20 isn't bad. Paying off before the statement cuts is definitely advisable though as you plan.

i just let it cut at 200. YIKES! First statement was 82, and I made a few payments during the month so I'm putting a decent amount through. Enough that I got my bonus already, and let it cut at 200. UGH! So disappointed but lets hope for the best...Im only expecting like a 300 dollar increase if anything...

Re: Chase Freedom Auto CLI question

Anonymous — Sat, 19 Oct 2013 02:19:53 GMT

@Anonymous wrote:
I've received an auto CLI every four months almost on the dot. In fact I just received one today.

I got the card in Feb on a recon with a $1k limit, got a $500 auto CLI in June and a $300 auto CLI today. I'm at $1.8k now.

Do you have a Visa or Mastercard?

There's a rumor I heard that MC's are more CLI friendly.

Re: Chase Freedom Auto CLI question

Anonymous — Sat, 19 Oct 2013 14:13:24 GMT

I have a Visa.

Re: Chase Freedom Auto CLI question

Anonymous — Sat, 19 Oct 2013 14:55:11 GMT

@Anonymous wrote:
@Anonymous wrote:
Sounds like you are in the same boat as me. I'm at 3 months sunday, and hoping for an auto CLI increase in the next month. I'm also trying for heavy usage - have put some 6.6k through the card since I got it (1k first month, 2.9k second month, 2.7k thus far this month) - mostly in transactions less than $100, but a few above $200. Will be interesting given my lack of other history to see if that works (I also have a banking relationship with them though).

Heavy usage is putting alot of transactions through, and some larger purchases (but not a single large purchases I don't think - thought its pretty hard to go too large with a 500 dollar limit ).

Keeping your util at statement cut is pretty sound, 1-9% is optimum so $20 isn't bad. Paying off before the statement cuts is definitely advisable though as you plan.

i just let it cut at 200. YIKES! First statement was 82, and I made a few payments during the month so I'm putting a decent amount through. Enough that I got my bonus already, and let it cut at 200. UGH! So disappointed but lets hope for the best...Im only expecting like a 300 dollar increase if anything...

I wouldn't be too worried, I let my first cut at 290 - was purchasing a wedding dress for the now wife and it took a week to post, deciding to do so right at the cut. Second was down 40. Kind of not sure what will happen this month - waiting for $360 of charges to post and hoping it does tomorrow so I can make a payment and get that util down again. But if not, c'est la vie. The fact that you pay in full matters more to chase than if your util isn't ideal. Especially if you make plenty of payments during the month (i've been making them ever couple of days). I'll be disappointed if I don't get $500-1k as an increase.

Re: Chase Freedom Auto CLI question

parakleet — Sat, 19 Oct 2013 15:09:26 GMT

Playing the <10% utl game is only for FICO purposes. If your goal is auto CLIs, how much you let report on your statement balance is not going to have significant impact. For datapoint purposes - I've had my Freedom for 6 months, no auto luv yet. But I have been carrying a large balance taking advantage of the 0% so I'm not expecting it either.

Re: Chase Freedom Auto CLI question

jefftca925 — Sat, 19 Oct 2013 18:21:39 GMT

FWIW...I've had my Freedom and CSP cards for a few years now...use them EVERY MONTH and PIF...and have NEVER received an auto CLI from them. But my limits are above 5K and I've never come even remotely close to the limit so that might be why. I have however got approved for their United Explorer card and a Marriott card in the last two years and have gotten decent CLs on them so I can't complain.

Re: Chase Freedom Auto CLI question

Anonymous — Sat, 19 Oct 2013 18:42:13 GMT

Chase freedom hit 2 years old in July and has never been shown any love, heavy petting, or PDA, LOL!

It's stuck at $3K and I'm morally opposed to trading an HP for CLI, LOL!

Re: Chase Freedom Auto CLI question

red259 — Sat, 19 Oct 2013 19:38:26 GMT

@parakleet wrote:
Playing the <10% utl game is only for FICO purposes. If your goal is auto CLIs, how much you let report on your statement balance is not going to have significant impact. For datapoint purposes - I've had my Freedom for 6 months, no auto luv yet. But I have been carrying a large balance taking advantage of the 0% so I'm not expecting it either.

For what it is worth I got my auto CLI at the four month mark after very heavy use. I let a large balance report once, always PIF and I focus on my util. At the time of the increase my util on my credit report was 1%.

Re: Chase Freedom Auto CLI question

Anonymous — Sat, 19 Oct 2013 22:17:18 GMT

From all your posts, is having 0 balance a bad idea?

Re: Chase Freedom Auto CLI question

red259 — Sat, 19 Oct 2013 23:43:56 GMT

@Anonymous wrote:
From all your posts, is having 0 balance a bad idea?

Meaning you never use the card? Or that you PIF before the statement cut? If you want an auto CLI you will need to use the card some (using heavily seems to make it much more likely). In terms of whether or not you should PIF before the statement cuts or let a balance report and then PIF that is a point of debate and people have different opinions. I like to let a high balance report once and then PIF before each statement cuts.

Re: Chase Freedom Auto CLI question

Anonymous — Sun, 20 Oct 2013 11:14:36 GMT

A good friend of mine has a Freedom. Says he started with 700 bucks limit like 3 years back. He told me he would use 300-400 each month and let the statement cut. Pretty much used it for everyday expenses. Then, he would PIF when his bill came. Only once a month. His report is clean, no baddies of any kind.

The moral of the story, he's now at 3200 I believe, without ever asking a penny for a CLI.

Definitely YMMV..