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Chase Ink Preferred CLI - we spend 30-40k a month with a current 5k limit

SlyS13
Valued Member

Chase Ink Preferred CLI - we spend 30-40k a month with a current 5k limit

Hi, chase ink business preferred is our first business credit card. We had been operating via cash for so long, but finally moving into credit for points etc. We got approved for only 5k back in October of 2021. We consistently use it for all of our expenses and inventory which averages 30k a month. We pay the balance down to nearly in full every week/month. Do you guys think after 6 months we have a good chance of a decent CLI? Scores all range in the 720's to 740's.

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4 REPLIES 4
LP007
Frequent Contributor

Re: Chase Ink Preferred CLI - we spend 30-40k a month with a current 5k limit

CLI? Man, they finna cancel that card. How dare you pay it down. Man LOL

Congrats on the points; you're killing it. Keep us posted.





Message 2 of 5
SlyS13
Valued Member

Re: Chase Ink Preferred CLI - we spend 30-40k a month with a current 5k limit

Haha yea, on many occasions Im paying it off same day to use it again for more inventory orders. Luckily our business banking is also through Chase. So payments post instantly and we can continue spending. And total rewards points is already well over 270k now as we got the 100k sign up bonus the first week lol. 

Message 3 of 5
SouthJamaica
Mega Contributor

Re: Chase Ink Preferred CLI - we spend 30-40k a month with a current 5k limit


@SlyS13 wrote:

Hi, chase ink business preferred is our first business credit card. We had been operating via cash for so long, but finally moving into credit for points etc. We got approved for only 5k back in October of 2021. We consistently use it for all of our expenses and inventory which averages 30k a month. We pay the balance down to nearly in full every week/month. Do you guys think after 6 months we have a good chance of a decent CLI? Scores all range in the 720's to 740's.


Yes I think they would grant you a decent CLI but I would wait a few months and see if you could get an auto CLI first, without burning any hard pulls. I have a strong hunch that Chase does a review at 6 months, among other things to see if the credit limit should be increased, and you're not far from the 6 months mark.


Total revolving limits 699000 (597000 reporting) FICO 8: EQ 732 TU 721 EX 698

Message 4 of 5
SlyS13
Valued Member

Re: Chase Ink Preferred CLI - we spend 30-40k a month with a current 5k limit

That is our hope as well, figure if no auto cli by month 7 we will call for one.

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