topic Re: Six years no CLI... in Credit Cards

Six years no CLI...

Anonymous — Sat, 06 Sep 2014 20:44:27 GMT

I'm curious if anyone has any suggestions in getting a credit line increase from Chase Amazon rewards? I have had it since 2008, never late but always a 400 CL. Can't really use it since it's so easy to get my ratios all jacked on it. I have a monthly subscription to gym that charges to it and I pay it before the statement cuts. I've called twice for a CLI but they want a HP and I'm in the middle of buying a house. Has anyone seen a ACLI from these guys or should I just put it in water and freeze it?

Re: Six years no CLI...

twist7d7 — Sat, 06 Sep 2014 20:46:12 GMT

Call the retention department

Re: Six years no CLI...

yfan — Sat, 06 Sep 2014 20:49:53 GMT

Why don't you call and let them do a HP AFTER you close on your house?

Re: Six years no CLI...

Anonymous — Sat, 06 Sep 2014 20:55:36 GMT

Well... I was messing with the simulator and once I close on the house it looks like I'll take a 30 point dip. I was also hoping that the increase would help my score by increasing my debt ratio etc. It's a short sale so all I got is time on my hands lol what is the retention center?

Re: Six years no CLI...

Creditaddict — Sat, 06 Sep 2014 21:26:40 GMT

yeah unless chase sends you offer to get a cli or does it on their own, a request for cli will always be a hp.

many find it better to just apply for a new chase card and than move some or all the cl from the new account to the old account.

but doesn't sound like now is good for those options while buying house.

Re: Six years no CLI...

twist7d7 — Sat, 06 Sep 2014 21:31:26 GMT

The retention Department is just what it sounds like. a place to keep current customers they can sometimes have the power to do things CSRs cannot

Re: Six years no CLI...

twist7d7 — Sat, 06 Sep 2014 21:44:32 GMT

BTW i like the user name haha Glock 34

Re: Six years no CLI...

Anonymous — Sat, 06 Sep 2014 21:45:35 GMT

Got mine in 2004 and no CLI

Re: Six years no CLI...

trumpet-205 — Sat, 06 Sep 2014 21:57:49 GMT

@Anonymous wrote:
Well... I was messing with the simulator and once I close on the house it looks like I'll take a 30 point dip. I was also hoping that the increase would help my score by increasing my debt ratio etc. It's a short sale so all I got is time on my hands lol what is the retention center?

You are too obsessed with credit score. In fact this is a problem with a lot of myFICOers.

No analyst makes decision by credit score alone. Credit score is just a calculated number. It says very little about ones credit profile.

Just take that HP already. I doubt retention depertment will help you here, since they offer rewards and/or statement credit to keep you from closing account, not CLI.

Re: Six years no CLI...

capitalkid — Sat, 06 Sep 2014 23:45:56 GMT

After your house closes,

Asses your card as keeper or not, if you want to keep it then you might...

App for one of their cards that has minimum credit line(of say 5000), like the CSP or Marriott rewards, or United Plus. This will take a HP. Wait for the card to cycle a few months then you can do one of two things, you can do a Whole Line Consolidation or partial line consolidation. Whole line consolidation will result in the loss of 500$ of existing credit as that is the minimum close out for this process and closure. But that's ok because you are gaining on the line you want, which is the point.

If your card is not better than the card you did the new app for and you want to upgrade it (like CSP), then you can request to do the whole line consolidation from your existing card to the new card after approval, and this can be done immediately no waiting period. You will still loss 500$ in avail credit on the card closing out but the point is to raise the line. so.

I have another month or so to go on my MR card and I plan on requesting whole line consolidation to my CSP. I will put a few small charges through it in the meantime however. And, I am not going to do the minimum spend because i think it may complicate the request/and or look bad for future applications. For now I am just working on my CSP line, due to its ability to transfer out points to almost anywhere.

Good Luck!

Re: Six years no CLI...

B335is — Sun, 07 Sep 2014 01:29:42 GMT

I've never found a credit simulator to come anywhere close to estimating what my actual credit score has done. A mortgage on your credit report is probably one of the best things you can have on there.

If the Amazon card bugs you that much (it would bother me $400 limit for 6 years!!??), call retention and tell them you will be putting all your spend on Barclays Sallie Mae unless they give you a useful limit. If they refuse, I'd just close it and get the latter for better rewards.

Re: Six years no CLI...

Anonymous — Sun, 07 Sep 2014 02:14:03 GMT

Thank you all for your responses. I didn't even know that you could combine credit lines etc. I am having some eye-opening times on this forum. lol I am trying to get my game plan together for when the house does close. I am so sick of this amazon card. it's a pain in my tail pipe to have it just beacuse it's another payment to make. lol I feel like I am in limbo waiting for the house to go through. How long after you close on a house can you apply for say, a Home Depot Card to get appliances?

Re: Six years no CLI...

jsucool76 — Sun, 07 Sep 2014 02:21:00 GMT

@Anonymous wrote:
Thank you all for your responses. I didn't even know that you could combine credit lines etc. I am having some eye-opening times on this forum. lol I am trying to get my game plan together for when the house does close. I am so sick of this amazon card. it's a pain in my tail pipe to have it just beacuse it's another payment to make. lol I feel like I am in limbo waiting for the house to go through. How long after you close on a house can you apply for say, a Home Depot Card to get appliances?

A lot of people apply for cards right after they buy their houses. You'll see a lot of "post house closing app spree" threads.

Also, try sending a secure message to chase. They were able to bring my slate from 500 to 1k without a hard pull that way. Not a whole lot, but without a HP I'll take what I can get.

Re: Six years no CLI...

weehoo — Sun, 07 Sep 2014 02:28:51 GMT

Sounds like u should app for a sallie mae instead with $750 a month at 5% back at amazon.

Re: Six years no CLI...

Anonymous — Sun, 07 Sep 2014 02:35:06 GMT

what is 750 per month? The amount I have to put on the card per month or the limit?

Re: Six years no CLI...

iCoop — Sun, 07 Sep 2014 02:41:53 GMT

@Anonymous wrote:
Well... I was messing with the simulator and once I close on the house it looks like I'll take a 30 point dip. I was also hoping that the increase would help my score by increasing my debt ratio etc. It's a short sale so all I got is time on my hands lol what is the retention center?

After you close on your house there should be a delay before it actually reports on your credit. Usually this delay is anywhere from 30 to 90 days before you first begin to see your mortgage report depending on the lender. During this time would be the best time to use your credit.

Re: Six years no CLI...

weehoo — Sun, 07 Sep 2014 02:43:54 GMT

$750 a month you can spend and get 5% back on. I beilive its just 1% after the $750 per month