Capital One CLI Denied for Using The Card?

[credit2019]

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@dragontears wrote:

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@credit2019 wrote:

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@FinStar wrote:

Another item to keep in mind, as far as Chase goes, any CLI requests are HP, not SP.  There wasn't much in your op to determine your income/DTI, AAoA, or overall history, but if you just recently obtained the CSP, the $5K appears to indicate you barely made the cusp on that approval (congrats btw).  Is that score a FICO or Vantage btw?

Are you using the other Chase card frequently @credit2019?  You mentioned "Chase Platinum" (not sure if this was from a predecessor bank or...).  Perhaps you can have it switched to a different card such as Freedom, Freedoom Unlimited or Freedom Flex depending on your spending habits.

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The platinum card and the Quicksilver I referred to are from Capital One, and they are the ones that denied my CLI.  My only chase card is the Sapphire Preferred I just got.  That is a FICO score - I am ~740 on two bureaus and 780 on one (Transunion).

As far as CLI's with Chase, I did read that the $5k I got is the bare minimum.  However I have charged the card up for the 100,000 bonus points and I am paying it off completely tomorrow.  I have transferred virtually all of my monthly bills to it.  I would imagine that after ~90ish days of heavy usage and payoffs like this, I can get a CLI from them since they aren't a crappy bank like Crap 1.  Let's hope anyway.

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Best of luck with Chase, I have had chase cards since 2014 and have never received a single CLI from them. 

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I suppose I'll cross that bridge when I come to it.  If they won't do it, eventually I'll find a bank that will.  I don't understand how some people on this forum have gotten into 6 and even 7 figures of total available credit, when it's like pulling teeth to even get a high 4 figure line with a very good score.  I have a high income - higher than some of those on here claiming to have $250k+ of total credit - and a relatively high score with no derogs at all.  It doesn't make any sense.

[dragontears]

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@credit2019 wrote:

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@dragontears wrote:

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@credit2019 wrote:

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@FinStar wrote:

Another item to keep in mind, as far as Chase goes, any CLI requests are HP, not SP.  There wasn't much in your op to determine your income/DTI, AAoA, or overall history, but if you just recently obtained the CSP, the $5K appears to indicate you barely made the cusp on that approval (congrats btw).  Is that score a FICO or Vantage btw?

Are you using the other Chase card frequently @credit2019?  You mentioned "Chase Platinum" (not sure if this was from a predecessor bank or...).  Perhaps you can have it switched to a different card such as Freedom, Freedoom Unlimited or Freedom Flex depending on your spending habits.

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The platinum card and the Quicksilver I referred to are from Capital One, and they are the ones that denied my CLI.  My only chase card is the Sapphire Preferred I just got.  That is a FICO score - I am ~740 on two bureaus and 780 on one (Transunion).

As far as CLI's with Chase, I did read that the $5k I got is the bare minimum.  However I have charged the card up for the 100,000 bonus points and I am paying it off completely tomorrow.  I have transferred virtually all of my monthly bills to it.  I would imagine that after ~90ish days of heavy usage and payoffs like this, I can get a CLI from them since they aren't a crappy bank like Crap 1.  Let's hope anyway.

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Best of luck with Chase, I have had chase cards since 2014 and have never received a single CLI from them. 

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I suppose I'll cross that bridge when I come to it.  If they won't do it, eventually I'll find a bank that will.  I don't understand how some people on this forum have gotten into 6 and even 7 figures of total available credit, when it's like pulling teeth to even get a high 4 figure line with a very good score.  I have a high income - higher than some of those on here claiming to have $250k+ of total credit - and a relatively high score with no derogs at all.  It doesn't make any sense.

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You are ignoring one of the key components of a good credit profile: time.

It took me years to break the 200k TCL even with good score and income. 

[Anonymous]

Obviously they thought that you were creditworthy, they approved an account with a specified limit based on the profile given to them at the time.

As a financial institution it is in their best interest to make money and take smart risks with customers. Not only are they forgiving of bankruptcy, they are also forgiving of those that may have burned them in the past. If you aren't using a credit limit that you were given with consistency and paying off in full then you don't need a higher credit limit. The point of credit limits is to use it, and pay in full. So if you're not using it by swiping heavily and with consistency then they don't see you as a "good" customer because they aren't earning money for the swipes. Not only that but your file can change day to day depending on what is reported. So while you may not qualify today by an automated system you may when calling and requesting one. Even if denied they may change their mind on it. 

It may be frustrating because you want to increase spend and use those credit limits as padding for higher use, some lenders can see through that especially when they can see spend patterns for your entire history across all cards. So if they see something off then even an 850 score you could be denied, because you become a liability and could possibly default on payments. 

A company isn't crap because they don't do what you want. I bank with Chase and have for over 10 years. I've never been approved despite pre-approvals, but does that make them crap? No, I don't care for them for a variety of reasons, but I don't think they are crap because they denied me a credit card. To be honest it was a wise decision because the relationship I have with the account is only $300 a month since I haven't moved that direct deposit to another account yet even though I have said I would for about 8 of the 10 years. 

[Remedios]

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@dragontears wrote:

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@credit2019 wrote:

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@dragontears wrote:

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@credit2019 wrote:

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@FinStar wrote:

Another item to keep in mind, as far as Chase goes, any CLI requests are HP, not SP.  There wasn't much in your op to determine your income/DTI, AAoA, or overall history, but if you just recently obtained the CSP, the $5K appears to indicate you barely made the cusp on that approval (congrats btw).  Is that score a FICO or Vantage btw?

Are you using the other Chase card frequently @credit2019?  You mentioned "Chase Platinum" (not sure if this was from a predecessor bank or...).  Perhaps you can have it switched to a different card such as Freedom, Freedoom Unlimited or Freedom Flex depending on your spending habits.

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The platinum card and the Quicksilver I referred to are from Capital One, and they are the ones that denied my CLI.  My only chase card is the Sapphire Preferred I just got.  That is a FICO score - I am ~740 on two bureaus and 780 on one (Transunion).

As far as CLI's with Chase, I did read that the $5k I got is the bare minimum.  However I have charged the card up for the 100,000 bonus points and I am paying it off completely tomorrow.  I have transferred virtually all of my monthly bills to it.  I would imagine that after ~90ish days of heavy usage and payoffs like this, I can get a CLI from them since they aren't a crappy bank like Crap 1.  Let's hope anyway.

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Best of luck with Chase, I have had chase cards since 2014 and have never received a single CLI from them. 

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I suppose I'll cross that bridge when I come to it.  If they won't do it, eventually I'll find a bank that will.  I don't understand how some people on this forum have gotten into 6 and even 7 figures of total available credit, when it's like pulling teeth to even get a high 4 figure line with a very good score.  I have a high income - higher than some of those on here claiming to have $250k+ of total credit - and a relatively high score with no derogs at all.  It doesn't make any sense.

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You are ignoring one of the key components of a good credit profile: time.

It took me years to break the 200k TCL even with good score and income. 

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Took me 11 months.

I think @JNA1 went over in less than two years.

Not a norm, but it happens. There are others too, but they.  can self identify if they wish 

[credit2019]

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@dragontears wrote:

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@credit2019 wrote:

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@dragontears wrote:

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@credit2019 wrote:

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@FinStar wrote:

Another item to keep in mind, as far as Chase goes, any CLI requests are HP, not SP.  There wasn't much in your op to determine your income/DTI, AAoA, or overall history, but if you just recently obtained the CSP, the $5K appears to indicate you barely made the cusp on that approval (congrats btw).  Is that score a FICO or Vantage btw?

Are you using the other Chase card frequently @credit2019?  You mentioned "Chase Platinum" (not sure if this was from a predecessor bank or...).  Perhaps you can have it switched to a different card such as Freedom, Freedoom Unlimited or Freedom Flex depending on your spending habits.

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The platinum card and the Quicksilver I referred to are from Capital One, and they are the ones that denied my CLI.  My only chase card is the Sapphire Preferred I just got.  That is a FICO score - I am ~740 on two bureaus and 780 on one (Transunion).

As far as CLI's with Chase, I did read that the $5k I got is the bare minimum.  However I have charged the card up for the 100,000 bonus points and I am paying it off completely tomorrow.  I have transferred virtually all of my monthly bills to it.  I would imagine that after ~90ish days of heavy usage and payoffs like this, I can get a CLI from them since they aren't a crappy bank like Crap 1.  Let's hope anyway.

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Best of luck with Chase, I have had chase cards since 2014 and have never received a single CLI from them. 

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I suppose I'll cross that bridge when I come to it.  If they won't do it, eventually I'll find a bank that will.  I don't understand how some people on this forum have gotten into 6 and even 7 figures of total available credit, when it's like pulling teeth to even get a high 4 figure line with a very good score.  I have a high income - higher than some of those on here claiming to have $250k+ of total credit - and a relatively high score with no derogs at all.  It doesn't make any sense.

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You are ignoring one of the key components of a good credit profile: time.

It took me years to break the 200k TCL even with good score and income. 

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Thanks for the reply.  Out of curiosity, when you say years, about how long are you talking about?  My AAoA is about 3 years.  I started building credit late in life - I am 43.  I just thought that 3 years into credit building that I would have much more credit.  Perhaps I am doing something wrong, but I don't know what that is. 

[Anonymous]

Income doesn't matter if your credit history, personal history with the institution, spend or monthly debts are a liability. 

There are lenders known to give generous CLI. That still doesn't mean that you will get what you want. If you wanted high limits for whatever reason, then applying for Capital One isn't it. A quick search on this forum would tell you that. 

From what I read Chase maxes out credit limits with half of reported income, but that also doesn't mean your file warrants that. 

In order to grow limits you have to let an account mature or have a solid profile. A solid profile isn't just a high scores. 

I have high scores but it's new, so my scores are not stable and considered inflated. My husband has a longer history, lower scores than me, but he has a solid 10 years on his reports. He got a 25k cl with amex in 3 months. I've had my accounts longer, but my file is 2 years and my accounts are sitting at $1000 each. I'm not mad at them for giving him higher limits despite shorter account history. I understand and not going to throw a temper tantrum because they didn't do what I want. 

[credit2019]

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@Remedios wrote:

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@dragontears wrote:

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@credit2019 wrote:

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@dragontears wrote:

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@credit2019 wrote:

---

@FinStar wrote:

Another item to keep in mind, as far as Chase goes, any CLI requests are HP, not SP.  There wasn't much in your op to determine your income/DTI, AAoA, or overall history, but if you just recently obtained the CSP, the $5K appears to indicate you barely made the cusp on that approval (congrats btw).  Is that score a FICO or Vantage btw?

Are you using the other Chase card frequently @credit2019?  You mentioned "Chase Platinum" (not sure if this was from a predecessor bank or...).  Perhaps you can have it switched to a different card such as Freedom, Freedoom Unlimited or Freedom Flex depending on your spending habits.

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The platinum card and the Quicksilver I referred to are from Capital One, and they are the ones that denied my CLI.  My only chase card is the Sapphire Preferred I just got.  That is a FICO score - I am ~740 on two bureaus and 780 on one (Transunion).

As far as CLI's with Chase, I did read that the $5k I got is the bare minimum.  However I have charged the card up for the 100,000 bonus points and I am paying it off completely tomorrow.  I have transferred virtually all of my monthly bills to it.  I would imagine that after ~90ish days of heavy usage and payoffs like this, I can get a CLI from them since they aren't a crappy bank like Crap 1.  Let's hope anyway.

---

Best of luck with Chase, I have had chase cards since 2014 and have never received a single CLI from them. 

---

I suppose I'll cross that bridge when I come to it.  If they won't do it, eventually I'll find a bank that will.  I don't understand how some people on this forum have gotten into 6 and even 7 figures of total available credit, when it's like pulling teeth to even get a high 4 figure line with a very good score.  I have a high income - higher than some of those on here claiming to have $250k+ of total credit - and a relatively high score with no derogs at all.  It doesn't make any sense.

---

You are ignoring one of the key components of a good credit profile: time.

It took me years to break the 200k TCL even with good score and income. 

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Took me 11 months.

I think @JNA1 went over in less than two years.

Not a norm, but it happens. There are others too, but they.  can self identify if they wish 

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Wow! Is there a specific roadmap to doing this in a relatively short period of time? I have a high income and a high score. I don't know what I am doing wrong.

[LadyJEsq]

I wouldn't say that it doesn't make sense, but instead say that this is just evidence that more than one thing is taken into account when a CCC decides to lend credit. So it's not just your CS or income that are the only determining factors. I have relatively good CSs and income, but never assume that I'll get the highest limit or that I'll even be approved. Case in point, I was approved for Navy Plat with a $18K SL. I was hoping for the $25K I've seen others receive, and I'm trying to recon my SL, but if they come back and say, no, then hey, no big deal. I'm appreciative for what they have approved no matter what. 

[FinStar]

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@credit2019 wrote:

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@dragontears wrote:

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@credit2019 wrote:

---

@FinStar wrote:

Another item to keep in mind, as far as Chase goes, any CLI requests are HP, not SP.  There wasn't much in your op to determine your income/DTI, AAoA, or overall history, but if you just recently obtained the CSP, the $5K appears to indicate you barely made the cusp on that approval (congrats btw).  Is that score a FICO or Vantage btw?

Are you using the other Chase card frequently @credit2019?  You mentioned "Chase Platinum" (not sure if this was from a predecessor bank or...).  Perhaps you can have it switched to a different card such as Freedom, Freedoom Unlimited or Freedom Flex depending on your spending habits.

---

The platinum card and the Quicksilver I referred to are from Capital One, and they are the ones that denied my CLI.  My only chase card is the Sapphire Preferred I just got.  That is a FICO score - I am ~740 on two bureaus and 780 on one (Transunion).

As far as CLI's with Chase, I did read that the $5k I got is the bare minimum.  However I have charged the card up for the 100,000 bonus points and I am paying it off completely tomorrow.  I have transferred virtually all of my monthly bills to it.  I would imagine that after ~90ish days of heavy usage and payoffs like this, I can get a CLI from them since they aren't a crappy bank like Crap 1.  Let's hope anyway.

---

Best of luck with Chase, I have had chase cards since 2014 and have never received a single CLI from them. 

---

I suppose I'll cross that bridge when I come to it.  If they won't do it, eventually I'll find a bank that will.  I don't understand how some people on this forum have gotten into 6 and even 7 figures of total available credit, when it's like pulling teeth to even get a high 4 figure line with a very good score.  I have a high income - higher than some of those on here claiming to have $250k+ of total credit - and a relatively high score with no derogs at all.  It doesn't make any sense.

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It's all profile-dependent.  Just because someone may have higher income, doesn't necessarily mean they'll get the highest CL possible.  Lenders (and their UW algorithms) base their decisions on a lot of factors.  Then you also have to consider that profiles are like fingerprints, no two are alike.  

Also, some profiles likely took a while to achieve such a TCL, while others may have been able to do it in a shorter timeframe, so comparing profiles sometimes can be a futile efffort.

[Anonymous]

7 years is the norm from my understanding. That requires a good mix of accounts. Not just credit cards. Mortgage, auto loans etc. 

3 years is a young profile. My profile is 2 years (TU is 4.5 years)  with my average age of accounts under 1 year.

I had one card and one auto loan reported up until January of this year (TransUnion reports another auto loan so my TU score is higher).

I get it's frustrating but not only do lenders look at FICO scores some also have internal scoring that may or may not benefit you.