topic Re: Chase Newbie (approved for CSP) - advice on CLI, payments? in Credit Cards

Chase Newbie (approved for CSP) - advice on CLI, payments?

PointLager — Wed, 12 Feb 2014 03:58:34 GMT

Hi guys,

What a fanstatic forum. This has helped tremendously. Not just for the "sport" of managing my credit but for such positive outcomes of going for the scroe growth and benfit rewards. Thank you to all who manage to chime in.

Anyway, Just got my first Chase card (first app to chase) - CSP $5k limit. I didn't need to recon but when applied online i was told to call during business hours. As soon as the credit rep answered and pulled up my file i was told i was approved.

I would appreciate some feedback on:

1) I would like to ask for CLI when i call in and activate the card. ideally i would like While I appreciate the CSP I like to put at least $2k on a card per month (3-5k per month in spend) and don;t want to worry about utilization anymore like i did when i had the $500 limit cards. When i call in i will make sure to tell them i don't want a HP

2) is Chase generous with CLIs at 6m or are all CLs a HP? if that is the case i will not bother. have 7 HPs on EX now and 5 on TU so reserving HPs for bonus signups down the road.

3) does chase care if you make a large number of payments on the card during the billign cycle? if they dont budge on 5k limit i will look to paying my card weekly (say $300-$500 payments). my understanding is that only amex cares that you make one large payment vs many small ones. wonder if it's the same with Chase?

4) Finally, does Chase give you instant credit when you make a payment from a Chase checking account? i LOVE how Amex gives you credit even before your ACH payment clears. BofA sucks in that regard.... i don't get credit until the next day even if i pay from a BofA account.

EX FAKO: 720, 7 HPs

TU FAKO: 699

Amex PRG, Delta Gold 6k, Cap One 500, BofA 500

Approved today: Amex SPG 5k, CSP 5k.

Pending EO recon: Citi Executive AAdvantage World Card (100k bonus offer)

Re: Chase Newbie (approved for CSP) - advice on CLI, payments?

09Lexie — Wed, 12 Feb 2014 04:03:44 GMT

@PointLager wrote:
Hi guys,

What a fanstatic forum. This has helped tremendously. Not just for the "sport" of managing my credit but for such positive outcomes of going for the scroe growth and benfit rewards. Thank you to all who manage to chime in.

Anyway, Just got my first Chase card (first app to chase) - CSP $5k limit. I didn't need to recon but when applied online i was told to call during business hours. As soon as the credit rep answered and pulled up my file i was told i was approved.

I would appreciate some feedback on:

1) I would like to ask for CLI when i call in and activate the card. ideally i would like While I appreciate the CSP I like to put at least $2k on a card per month (3-5k per month in spend) and don;t want to worry about utilization anymore like i did when i had the $500 limit cards. When i call in i will make sure to tell them i don't want a HP
It will be a hp and no guarantee of an increase.

2) is Chase generous with CLIs at 6m or are all CLs a HP? if that is the case i will not bother. have 7 HPs on EX now and 5 on TU so reserving HPs for bonus signups down the road.
Lately, there have been reports of auto CLI's but they are rare. Chase HPs for customer initiated CLI's.

3) does chase care if you make a large number of payments on the card during the billign cycle? if they dont budge on 5k limit i will look to paying my card weekly (say $300-$500 payments). my understanding is that only amex cares that you make one large payment vs many small ones. wonder if it's the same with Chase?
Never had a problem with large pyts (Amex either)

4) Finally, does Chase give you instant credit when you make a payment from a Chase checking account? i LOVE how Amex gives you credit even before your ACH payment clears. BofA sucks in that regard.... i don't get credit until the next day even if i pay from a BofA account.
Are you referring to online pyts or pyts made inside the branch?

EX FAKO: 720, 7 HPs
TU FAKO: 699

Amex PRG, Delta Gold 6k, Cap One 500, BofA 500
Approved today: Amex SPG 5k, CSP 5k.
Pending EO recon: Citi Executive AAdvantage World Card (100k bonus offer)

Re: Chase Newbie (approved for CSP) - advice on CLI, payments?

wHiTeSoL — Wed, 12 Feb 2014 04:08:13 GMT

You're better off going ahead and picking up the freedom right now and allocate the CL anyway you wish, that way you have the UR combo and an extra opening bonus.

Re: Chase Newbie (approved for CSP) - advice on CLI, payments?

gdale6 — Wed, 12 Feb 2014 04:09:17 GMT

Congrats on your CSP approval

Re: Chase Newbie (approved for CSP) - advice on CLI, payments?

CreditMagic7 — Wed, 12 Feb 2014 04:31:02 GMT

Congrats! Glad it came thru for you

Re: Chase Newbie (approved for CSP) - advice on CLI, payments?

PointLager — Wed, 12 Feb 2014 04:31:30 GMT

Thanks @09Lexie

I will keep away from requesting CLIs. Not worth the risk.

Re payments I was actually looking at making multiple payments. Generally at a minimum semi monthly to coincide w paychecks but preferably weekly.

@whitesol. Would chase give me a Freedom without another HP? I doubt it. I don't really need more UR cards at this point. I'm at 7 HPs, 7 credit accounts and under a year of credit history.

I

Re: Chase Newbie (approved for CSP) - advice on CLI, payments?

PointLager — Wed, 12 Feb 2014 04:33:30 GMT

The only add that I would like to have in my portfolio is a high end airline one. If citi aa doesn't recon me I will likely go for benz Amex plat in the fall

Re: Chase Newbie (approved for CSP) - advice on CLI, payments?

PointLager — Wed, 12 Feb 2014 04:35:45 GMT

Oh and @09Lexie, I was referring to online payments. In a pinch I would make one at a branch but would be great if they give instant credit/boost to available balance after online card payments

Re: Chase Newbie (approved for CSP) - advice on CLI, payments?

wHiTeSoL — Wed, 12 Feb 2014 04:40:47 GMT

@PointLager wrote:
@Anonymous @09Lexie

I will keep away from requesting CLIs. Not worth the risk.

Re payments I was actually looking at making multiple payments. Generally at a minimum semi monthly to coincide w paychecks but preferably weekly.

@wHiTeSoL. Would chase give me a Freedom without another HP? I doubt it. I don't really need more UR cards at this point. I'm at 7 HPs, 7 credit accounts and under a year of credit history.

I

There is a chance it'll be 1HP if you apped together or within a short period of time, the freedom is a better UR earner (IMO) than the CSP with it's 5x catagories and since this is your first chase card I dont see much of a difference between 7 and 8 HPs if you're done for a while.

Re: Chase Newbie (approved for CSP) - advice on CLI, payments?

wHiTeSoL — Wed, 12 Feb 2014 04:41:31 GMT

@PointLager wrote:
@Oh and @09Lexie, I was referring to online payments. In a pinch I would make one at a branch but would be great if they give instant credit/boost to available balance after online card payments

Yes a payment online from your chase checking would restore your CL instantly

Re: Chase Newbie (approved for CSP) - advice on CLI, payments?

PointLager — Wed, 12 Feb 2014 05:07:00 GMT

thanks @wHiTeSoL

i always thought that Freedom is a cash-only card. that's great that it enhances UR churn. but the $1500 limit per category per quarter is a bit low for me. Ink bold would be awesome to have but i imagine that i will need some time for history to get it.

i have enough cards to keep me busy while hitting that minimum spend. not only do i have to clear 3k and 5k for CSP and SPG, but potentially the 10k spend on citi (if approved). And i would like to hit that $30k annual spend on my PRG before the AF hits me in Dec.

Re: Chase Newbie (approved for CSP) - advice on CLI, payments?

takeshi74 — Wed, 12 Feb 2014 14:41:59 GMT

@PointLager wrote:
i always thought that Freedom is a cash-only card. that's great that it enhances UR churn. but the $1500 limit per category per quarter is a bit low for me.

Is 30K UR points a year on $6K spend too low for you?

@PointLager wrote:
under a year of credit history.

Given that I'd suspect that you need to put in the time before getting a CLI. However, if you're still wanting one expect a HP.

@PointLager wrote:
is Chase generous with CLIs at 6m

It's not just a matter of X time but one's credit as well. I have no idea as I quickly hit my internal limit with Chase (I have 4 cards from them) so they haven't given me any CLI's. My wife, on the other hand, has been auto CLI'ed twice since she got her UMPE ~2 years ago but her her credit has been pretty strong after getting out from the DMP she was in.

Re: Chase Newbie (approved for CSP) - advice on CLI, payments?

indiolatino61 — Wed, 12 Feb 2014 16:51:36 GMT

@PointLager wrote:
Hi guys,

What a fanstatic forum. This has helped tremendously. Not just for the "sport" of managing my credit but for such positive outcomes of going for the scroe growth and benfit rewards. Thank you to all who manage to chime in.

Anyway, Just got my first Chase card (first app to chase) - CSP $5k limit. I didn't need to recon but when applied online i was told to call during business hours. As soon as the credit rep answered and pulled up my file i was told i was approved.

I would appreciate some feedback on:

1) I would like to ask for CLI when i call in and activate the card. ideally i would like While I appreciate the CSP I like to put at least $2k on a card per month (3-5k per month in spend) and don;t want to worry about utilization anymore like i did when i had the $500 limit cards. When i call in i will make sure to tell them i don't want a HP

2) is Chase generous with CLIs at 6m or are all CLs a HP? if that is the case i will not bother. have 7 HPs on EX now and 5 on TU so reserving HPs for bonus signups down the road.

3) does chase care if you make a large number of payments on the card during the billign cycle? if they dont budge on 5k limit i will look to paying my card weekly (say $300-$500 payments). my understanding is that only amex cares that you make one large payment vs many small ones. wonder if it's the same with Chase?

4) Finally, does Chase give you instant credit when you make a payment from a Chase checking account? i LOVE how Amex gives you credit even before your ACH payment clears. BofA sucks in that regard.... i don't get credit until the next day even if i pay from a BofA account.

EX FAKO: 720, 7 HPs
TU FAKO: 699

Amex PRG, Delta Gold 6k, Cap One 500, BofA 500
Approved today: Amex SPG 5k, CSP 5k.
Pending EO recon: Citi Executive AAdvantage World Card (100k bonus offer)

Congrats on your CSP!

Re: Chase Newbie (approved for CSP) - advice on CLI, payments?

yudeology101 — Wed, 12 Feb 2014 16:54:28 GMT

Congrats on your approval, welcome to the CSP family!