topic Should I Ask for a CLI from Chase in Credit Cards

Should I Ask for a CLI from Chase

ncscgirl2005 — Wed, 18 Jun 2008 21:44:17 GMT

I called Chase to see if I could get a CLI without a hard pull and they denied me. I gave them the blah blah blah about being a card holder since 2002 with no CLI (it's still holding steady at $1,200).

I did a search and seen that some people on here have done the hard pull and it was well worth it for them. I am wondering if I should take the risk by requesting a CLI and get a hard pull. Here's my rundown; tell me what you think:

EQ score: 673 as of 6/13

Util: 45%

Baddies: 2002-Collections for $786

2004-30-day late payment

Inquires within last 12 months: Four (2 in March 2008 and 2 in July 2007-should carry less weight next month?)

Current balance with Chase: $0

I haven't actually used the card in a very long time but I only recently (early May) paid off my balance.

Tell me what you think please. Hauling, where you at?

Re: Should I Ask for a CLI from Chase

Anonymous — Wed, 18 Jun 2008 21:46:32 GMT

If you don't mind the hard pull I'd say go for it. Chase has been really kind to me with CLIs.

Re: Should I Ask for a CLI from Chase

Anonymous — Wed, 18 Jun 2008 21:50:47 GMT

i would give it a shot. good luck, let us know how it goes.

Re: Should I Ask for a CLI from Chase

haulingthescoreup — Wed, 18 Jun 2008 23:47:31 GMT

General question here: I had read that Chase was generous with auto-CLI's, and only if you wanted to accelerate things would you bother with a hard inq and request one.

But it seems like a lot of people are requesting them.

Does this mean that Chase isn't all the generous with the autos after all?

Re: Should I Ask for a CLI from Chase

ncscgirl2005 — Wed, 18 Jun 2008 23:50:37 GMT

haulingthescoreup wrote:

Does this mean that Chase isn't all the generous with the autos after all?

It sure seems that way. They haven't auto'd me anything in the 6 years I've been with them. I've had a great history with them over the years (i.e car, other CC) but they've never increased this particular card.

Re: Should I Ask for a CLI from Chase

haulingthescoreup — Wed, 18 Jun 2008 23:57:03 GMT

Before you ask for a CLI, you might want to clarify whether this is a card with a $1200 ceiling. You might wind up doing better switching it to a different card entirely.

Re: Should I Ask for a CLI from Chase

SonorityGenius — Thu, 19 Jun 2008 01:06:42 GMT

I despise Chase's practice of ALWAYS doing a HARD on EXPERIAN (here for me anyway in NJ) when requesting CL!

My amazon card (via Chase) had initial CL of 5k, after 2yrs of perfect PIF no AUTO cl so I DID it went for the hard and upped to 10k..... and was told its at its "cap"

I cant even do a product transfer since its Amazon =(

Chase sucks!! The EX hard isnt going to fall off for another 1.5.years! lol

Re: Should I Ask for a CLI from Chase

Anonymous — Thu, 19 Jun 2008 01:10:34 GMT

I actually just did that today. I was very reluctant, due to the hard pull, and I know the inquiry is going to hurt a little, but my Chase card is 0% interest until Feb 09 and I've been using it for purchases. I had about 80% util full, and I wanted to continue using it for a lot of my purchases for vacation. They did do a hard pull, and doubled my CL from $6500 to $13000. It is now my second highest limit, with only BoA coming in at $13900.

So now, after my purchases, instead of my util being 87%, it's only 43.5%

In terms of Auto CLI, the only other Chase card I have is the Disney Rewards and I received a $1000 CLI after I paid the card off, which took the CL up to $4500. For me, the hard pull on this card was completely worth it. But I won't be doing it again for a loooooong time.

Re: Should I Ask for a CLI from Chase

Anonymous — Thu, 19 Jun 2008 01:11:19 GMT

@SonorityGenius wrote:
I despise Chase's practice of ALWAYS doing a HARD on EXPERIAN (here for me anyway in NJ) when requesting CL!
My amazon card (via Chase) had initial CL of 5k, after 2yrs of perfect PIF no AUTO cl so I DID it went for the hard and upped to 10k..... and was told its at its "cap"
I cant even do a product transfer since its Amazon =(
Chase sucks!! The EX hard isnt going to fall off for another 1.5.years! lol

I thought inquiries disappear after 1 year?

Re: Should I Ask for a CLI from Chase

SonorityGenius — Thu, 19 Jun 2008 01:12:23 GMT

FICO stops counting them after a year but they stay on the actual report for 2 years =(

Re: Should I Ask for a CLI from Chase

Anonymous — Thu, 19 Jun 2008 01:13:36 GMT

Oh, okay. Thanks! I really only care about Fico, which is why I thought they fell off after a year.

Re: Should I Ask for a CLI from Chase

Anonymous — Thu, 19 Jun 2008 01:18:09 GMT

The score dip is already minimized by the 6 month mark and I doubt anyone doing a manual review is going to care about a hard from a current creditor that you are in good standing with if your util is low on your accounts.

Its the principle I know, but still not a major deal. I just know if I had a Chase account and I wanted an increase I would ask for a big one since I knew it would cost me an inq.

Re: Should I Ask for a CLI from Chase

smallfry — Thu, 19 Jun 2008 01:32:22 GMT

@haulingthescoreup wrote:
General question here: I had read that Chase was generous with auto-CLI's, and only if you wanted to accelerate things would you bother with a hard inq and request one.

But it seems like a lot of people are requesting them.

Does this mean that Chase isn't all the generous with the autos after all?

Hauling I think Chase is toughest of all for auto CLI. Most take a hard for any increase.

Re: Should I Ask for a CLI from Chase

haulingthescoreup — Thu, 19 Jun 2008 01:34:40 GMT

Inquiries do NOT lose their sting. They carry equal punch for 12 months, and then they don't count at all. This is directly from myFICO_Barry.

What does start fading out throughout that first year is the "newness penalty" from an account that results from that inq.

I found last December, when two new accounts hit one year, that I had a score jump on the first day of the month from the accounts turning one year old, and then two smaller jumps on the actual anniversary of each inq. I could tell that's what it was, because my reports stopped squawking about new accounts, but they did keep complaining about inqs, until those actual dates hit.

Re: Should I Ask for a CLI from Chase

haulingthescoreup — Thu, 19 Jun 2008 01:36:55 GMT

@smallfry wrote:

@haulingthescoreup wrote:

General question here: I had read that Chase was generous with auto-CLI's, and only if you wanted to accelerate things would you bother with a hard inq and request one.

But it seems like a lot of people are requesting them.

Does this mean that Chase isn't all the generous with the autos after all?
Hauling I think Chase is toughest of all for auto CLI. Most take a hard for any increase.

Thanks, that's interesting! I knew about the hards if you ask for one, but I know that members used to say that they'd increase on their own if you're patient and behave yourself.

Re: Should I Ask for a CLI from Chase

Anonymous — Thu, 19 Jun 2008 01:43:30 GMT

That is great info - thanks hauling

Re: Should I Ask for a CLI from Chase

ncscgirl2005 — Thu, 19 Jun 2008 02:26:01 GMT

haulingthescoreup wrote:
Before you ask for a CLI, you might want to clarify whether this is a card with a $1200 ceiling. You might wind up doing better switching it to a different card entirely.

Hmmm...I hadn't thought of this. It's a Chase PerfectCard if that makes any difference. I thought I saw a few folks on these boards that have the same card with a higher limit.

I also have a Chase Disney card that I use on regular basis.

Re: Should I Ask for a CLI from Chase

ncscgirl2005 — Thu, 19 Jun 2008 02:58:14 GMT

ncscgirl2005 wrote:

haulingthescoreup wrote:
Before you ask for a CLI, you might want to clarify whether this is a card with a $1200 ceiling. You might wind up doing better switching it to a different card entirely.
Hmmm...I hadn't thought of this. It's a Chase PerfectCard if that makes any difference. I thought I saw a few folks on these boards that have the same card with a higher limit.

I also have a Chase Disney card that I use on regular basis.

Oops...this is pretty bad. I just realized the card is a Chase Rewards card. I didn't realize it had changed when i sock drawered it.

Re: Should I Ask for a CLI from Chase

ncscgirl2005 — Thu, 19 Jun 2008 03:03:37 GMT

ncscgirl2005 wrote:

ncscgirl2005 wrote:

haulingthescoreup wrote:
Before you ask for a CLI, you might want to clarify whether this is a card with a $1200 ceiling. You might wind up doing better switching it to a different card entirely.
Hmmm...I hadn't thought of this. It's a Chase PerfectCard if that makes any difference. I thought I saw a few folks on these boards that have the same card with a higher limit.

I also have a Chase Disney card that I use on regular basis.

Oops...this is pretty bad. I just realized the card is a Chase Rewards card. I didn't realize it had changed when i sock drawered it.

Excuse me for my one-sided convo but my card is indeed a Chase Perfectcard as indicated on my online statement. On that note...I'm going to bed...too much myfico.com for one day.

Re: Should I Ask for a CLI from Chase

laryn41 — Thu, 19 Jun 2008 03:07:34 GMT

fico stops counting inquiries after 12 mths but do the creditors that do the inq's?