topic Re: Chase auto cli? in Credit Cards

Chase auto cli?

Anonymous — Sat, 15 Nov 2014 01:03:37 GMT

I'm just wondering what experience others have had with auto CLI's from Chase? Do they give them regularly and what should a cardholder go to get them? I have heard people say that they like you to hold a balance. I've also heard you they will give increases more if you put a lot of money through the card.

Re: Chase auto cli?

Anonymous — Sat, 15 Nov 2014 01:05:13 GMT

I forgot to mention I just opened my Chase Freedom about a month ago. I am really hoping to get an increase at the six month mark

Re: Chase auto cli?

Anonymous — Sat, 15 Nov 2014 02:11:45 GMT

You'll get more replies if you ask your question in the credit card section

Re: Chase auto cli?

FinStar — Mon, 17 Nov 2014 07:21:11 GMT

The reviews are performed periodically. There's various factors they consider for any auto-CLI, the primary being usage and established good payment history. Lots of folks have reported a mix of carrying moderate balances from time to time or frequent high usage with PIF. YEMV.

Re: Chase auto cli?

Anonymous — Mon, 17 Nov 2014 09:05:57 GMT

Overtime it has been reported on this forum and others that Chase has not been much for auto-credit limit increases. More likely you will request a CLI and Chase will do an HP. They claim a regular account review and some slight softening of SP CLIs has shown up but prepare yourself for a self requested CLI. I have had Chase since 2005 and never experienced a CLI.

Re: Chase auto cli?

takeshi74 — Mon, 17 Nov 2014 13:14:14 GMT

@Anonymous wrote:
I'm just wondering what experience others have had with auto CLI's from Chase? Do they give them regularly and what should a cardholder go to get them?

CLI's are based on credit and income just as other credit decisions. I haven't received any but I've hit my internal limit with Chase. My wife has received a few.

@Anonymous wrote:
I've also heard you they will give increases more if you put a lot of money through the card.

People tend to say that but usage isn't going to be the sole deciding factor.

Re: Chase auto cli?

Ghoshida — Tue, 18 Nov 2014 18:28:07 GMT

@Anonymous wrote:
I'm just wondering what experience others have had with auto CLI's from Chase? Do they give them regularly and what should a cardholder go to get them? I have heard people say that they like you to hold a balance. I've also heard you they will give increases more if you put a lot of money through the card.

You might want to make it your 1 balance-holding card; that way, you satisfy their needs as well as get good FICO scores. They'd generally give out some increases, in my experience, in the following situations:

1) 5th or 6th statement cut, showed good usage, indication of paying multiple times the minimum.

2) Credit rating improvement (but generally not before (1)).

3) Drastic income improvement (generally not before (1) but if the account gets older). My SO got a big jump from them on Sapphire no-AF after getting a new job offer and updating income.

In my case, it worked with the Freedom but I started with a flimsy $500 limit. I'm in my first month with the CSP; will report when it reaches 6 months.

Re: Chase auto cli?

newhis — Thu, 20 Nov 2014 00:18:38 GMT

@Ghoshida wrote:
You might want to make it your 1 balance-holding card; that way, you satisfy their needs as well as get good FICO scores. They'd generally give out some increases, in my experience, in the following situations:

1) 5th or 6th statement cut, showed good usage, indication of paying multiple times the minimum.
2) Credit rating improvement (but generally not before (1)).
3) Drastic income improvement (generally not before (1) but if the account gets older). My SO got a big jump from them on Sapphire no-AF after getting a new job offer and updating income.

In my case, it worked with the Freedom but I started with a flimsy $500 limit. I'm in my first month with the CSP; will report when it reaches 6 months.

My DW just got her Freedom from $500 to $1,000 after 5th statement.

Waiting for Discover (almost 9th statement)