[Mods, I did not put this in Approvals because there's no actual gain in exposure with Chase here.]
After a long while of no CLIs even available to app for on the Chase site, this morning it let me choose any of my three cards. I picked the Freedom Flex because it has the lowest limit and it's the one I use the most.
I got the 7-10 day message.
Came home from work today, and typical of my Chase CLIs, there was no message, email or otherwise of an increase, but there on my account where the CL had been $12k, it now shows $15k. Yay me! I'm 7/24 over here.
But as I continue looking at my Chase accounts, I realize that my Prime Rewards card got a CLD from $17.5k to $14.5k. What the . . . Chase giveth and Chase taketh away. They just took $3k off of one card's limit and added it to another card's limit. I've heard of them doing this on new account applications, but I don't think I've seen it on CLIs. I'm pretty sure I could have done that with a phone call at any time. And I had actually been planning on it but hadn't gotten around to it.
Only problem is the Prime statement cuts today, so it'll show a CLD. The CFF won't get another statement for nearly a month to show the CLI. I would have waited one more day before asking if I'd known that. Not that I plan on applying for anything in the next few months, so it doesn't really matter.
Was $17.5k CSP + 17.5k Prime + 12k CFF = $47k
Now $17.5k CSP + 15k CFF + 14.5k Prime = $47k
Apparently I've reached my limit of exposure with Chase. $47k is 61% to 68% of my annual income - depending on which number they use for my income - which is quite a bit higher percentage than a lot of people say Chase will give someone.
EQ8 781, TU8 764, EX8 772 as of July 21
Congrats. Sort of. haha.
Thanks for passing along your CLI request experience, @mgood.
I've never had Chase do this, but Bank of America has done it to me quite often when I reached their $99.9K cap and then tried to get an increase on either of my two cards. I could always reverse it back with a call to customer service or a specific request on the card that was lowered.
But yes, I've had lenders (including Chase) lower a high existing limit to reallocate onto a new card approval. It's always their option and seems more likely when you already have a significant CL with that lender.
