topic Re: Chase CLI Request - CSR or Direct to U/W in Credit Cards

Chase CLI Request - CSR or Direct to U/W

Involver — Mon, 10 Mar 2014 19:53:35 GMT

Would it be more worth my while to just call a credit analyst direct to ask for a CLI or just go through the CSR and recon if necessary?

Yes I'm aware it will be a HP.

Re: Chase CLI Request - CSR or Direct to U/W

Swapmeet — Mon, 10 Mar 2014 20:00:44 GMT

You should go through the regular csr, ask for a huge cli, then recon when they deny it and they will counter with as much as they are willing to give you.

Re: Chase CLI Request - CSR or Direct to U/W

Involver — Mon, 10 Mar 2014 20:02:51 GMT

Perfect, that was what I was planning just wanting some feedback. Thanks!

Re: Chase CLI Request - CSR or Direct to U/W

Shock — Mon, 10 Mar 2014 20:08:27 GMT

Why not just go straight to retention?

Re: Chase CLI Request - CSR or Direct to U/W

Swapmeet — Mon, 10 Mar 2014 20:16:27 GMT

@Shock wrote:
Why not just go straight to retention?

Because they won't just outright offer you as much as they are willing to give you--potentially leaving some on the table. When you ask for more than they are willing to give, then recon, the CA will take you as close to what you asked for as they are willing to go.

Re: Chase CLI Request - CSR or Direct to U/W

Involver — Mon, 10 Mar 2014 21:18:09 GMT

Oh Chase ...

Asked for a CLI from 1500 to 7500 (I've had the card for 3 months, newly clean reports, new TLs of 6k+), gave me $3k, called recon, gave me $5k. lol.

Pulled EX (4 INQs). 3% util.

Re: Chase CLI Request - CSR or Direct to U/W

Swapmeet — Mon, 10 Mar 2014 21:35:41 GMT

Nice job!

Re: Chase CLI Request - CSR or Direct to U/W

indiolatino61 — Mon, 10 Mar 2014 22:45:22 GMT

@Involver wrote:
Oh Chase ...

Asked for a CLI from 1500 to 7500 (I've had the card for 3 months, newly clean reports, new TLs of 6k+), gave me $3k, called recon, gave me $5k. lol.

Pulled EX (4 INQs). 3% util.

That's awesome...congrats.

Re: Chase CLI Request - CSR or Direct to U/W

B335is — Mon, 10 Mar 2014 23:07:10 GMT

@Involver wrote:
Oh Chase ...

Asked for a CLI from 1500 to 7500 (I've had the card for 3 months, newly clean reports, new TLs of 6k+), gave me $3k, called recon, gave me $5k. lol.

Pulled EX (4 INQs). 3% util.

Yikes, 4 EX inquiries?

Re: Chase CLI Request - CSR or Direct to U/W

Shock — Tue, 11 Mar 2014 00:17:06 GMT

@Swapmeet wrote:
@Shock wrote:
Why not just go straight to retention?
Because they won't just outright offer you as much as they are willing to give you--potentially leaving some on the table. When you ask for more than they are willing to give, then recon, the CA will take you as close to what you asked for as they are willing to go.

Can't you recon anyways if retention doesn't do the job?

I don't know, retention can do more than a regular CSR, so I figure it's better to deal with two people who know what they're doing, rather than a CSR who doesn't know the difference between a hard or soft pull. Not to mention they are outsourced to India.

I also may be going out on a limb here, but isn't retention almost like an underwriter, because they can make decisions a normal CSR can't?

Re: Chase CLI Request - CSR or Direct to U/W

Anonymous — Tue, 11 Mar 2014 00:04:13 GMT

Great recon and CL.

Re: Chase CLI Request - CSR or Direct to U/W

Swapmeet — Tue, 11 Mar 2014 00:56:30 GMT

@Shock wrote:
@Swapmeet wrote:
@Shock wrote:
Why not just go straight to retention?
Because they won't just outright offer you as much as they are willing to give you--potentially leaving some on the table. When you ask for more than they are willing to give, then recon, the CA will take you as close to what you asked for as they are willing to go.
Can't you recon anyways if retention doesn't do the job?

I don't know, retention can do more than a regular CSR, so I figure it's better to deal with two people who know what they're doing, rather than a CSR who doesn't know the difference between a hard or soft pull. Not to mention they are outsourced to India.

I also may be going out on a limb here, but isn't retention almost like an underwriter, because they can make decisions a normal CSR can't?

It is irrelevant how much more retention can do as opposed to a normal csr. If you ask a retention rep for a cli of 3k, and it is approved, then you wonder if you could have gotten 7k. You cannot recon an approval, so you have potentially left some money on the table, so to speak. If you ask for a huge increase and are denied, then you can recon to the retention/underwriting, and they will counter with as much as they are willing to. It is no big deal if you call retention and ask....do whatever you want. I am just saying that this is a way to get all that they are willing to give you.

Re: Chase CLI Request - CSR or Direct to U/W

Shock — Tue, 11 Mar 2014 01:19:31 GMT

@Swapmeet wrote:
@Shock wrote:
@Swapmeet wrote:
@Shock wrote:
Why not just go straight to retention?
Because they won't just outright offer you as much as they are willing to give you--potentially leaving some on the table. When you ask for more than they are willing to give, then recon, the CA will take you as close to what you asked for as they are willing to go.
Can't you recon anyways if retention doesn't do the job?

I don't know, retention can do more than a regular CSR, so I figure it's better to deal with two people who know what they're doing, rather than a CSR who doesn't know the difference between a hard or soft pull. Not to mention they are outsourced to India.

I also may be going out on a limb here, but isn't retention almost like an underwriter, because they can make decisions a normal CSR can't?
It is irrelevant how much more retention can do as opposed to a normal csr. If you ask a retention rep for a cli of 3k, and it is approved, then you wonder if you could have gotten 7k. You cannot recon an approval, so you have potentially left some money on the table, so to speak. If you ask for a huge increase and are denied, then you can recon to the retention/underwriting, and they will counter with as much as they are willing to. It is no big deal if you call retention and ask....do whatever you want. I am just saying that this is a way to get all that they are willing to give you.

Well, can't you just ask for a big CLI from retention anyways?

I mean in theory, it doesn't matter who you ask, eithe you're approved or denied.

You can ask retention or level one CSR for 7k, or 3k, or any amount youre looking for.

Re: Chase CLI Request - CSR or Direct to U/W

Swapmeet — Tue, 11 Mar 2014 02:37:29 GMT

@Shock wrote:
@Swapmeet wrote:
@Shock wrote:
@Swapmeet wrote:
@Shock wrote:
Why not just go straight to retention?
Because they won't just outright offer you as much as they are willing to give you--potentially leaving some on the table. When you ask for more than they are willing to give, then recon, the CA will take you as close to what you asked for as they are willing to go.
Can't you recon anyways if retention doesn't do the job?

I don't know, retention can do more than a regular CSR, so I figure it's better to deal with two people who know what they're doing, rather than a CSR who doesn't know the difference between a hard or soft pull. Not to mention they are outsourced to India.

I also may be going out on a limb here, but isn't retention almost like an underwriter, because they can make decisions a normal CSR can't?
It is irrelevant how much more retention can do as opposed to a normal csr. If you ask a retention rep for a cli of 3k, and it is approved, then you wonder if you could have gotten 7k. You cannot recon an approval, so you have potentially left some money on the table, so to speak. If you ask for a huge increase and are denied, then you can recon to the retention/underwriting, and they will counter with as much as they are willing to. It is no big deal if you call retention and ask....do whatever you want. I am just saying that this is a way to get all that they are willing to give you.
Well, can't you just ask for a big CLI from retention anyways?

I mean in theory, it doesn't matter who you ask, eithe you're approved or denied.

You can ask retention or level one CSR for 7k, or 3k, or any amount youre looking for.

This is my point. You can take care of all this in ten minutes. If they are going to deny you either way, you might as well just ask the regular csr.

Re: Chase CLI Request - CSR or Direct to U/W

Shock — Tue, 11 Mar 2014 03:05:43 GMT

Gotcha. I figured going to retention first would give you a better chance at an outright approval for the 7k. Sorry if I sounded confusing.