Chase Denied my CLI

[Kennie02]

My Chase Freedom card has never gotten an auto nor requested CLI since I opened it 12/2014. I saw so many people have success when calling in to get a CLI that I gave it a try. The rep said no to my CLI. I got the letter today and Chase claims my credit card debt is too high. They pulled Exp (SP). I do not carry a balance on most of my cards. My Exp says my util is at 13% and that's due to a balance transfer I'm paying on my BofA and some purchases I made at 0% on my Chase Amazon. My Costco, NFCU and Amex Blue Cash are my daily drivers so I let those report a balance but I pay my statement balance off every month. Guess I'm just going to have to keep those cards in the sock drawer. It's annoying considering BofA just have me a huge CLI ($11k) last week. But Chase will be Chase. 

[nytokyobred79]

Sorry to hear about the denial @Kennie02 

It very well may be your current balances and utilization reported. When I got cli's from Chase in Feb., my Fico scores were similar to yours and I, too, had opened several new accts in 12 months prior( 4 although they were summer 2022). As for my balances, I happened to be AZEO  though I don't practice that regularly. Not sure if the balances and UTI spooked them. 

I can imagine you'd want to get an increase but given you hve daily drivers practicing AZEO is likely not practical for you. 

[Kennie02]

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@nytokyobred79 wrote:

Sorry to hear about the denial @Kennie02 

It very well may be your current balances and utilization reported. When I got cli's from Chase in Feb., my Fico scores were similar to yours and I, too, had opened several new accts in 12 months prior( 4 although they were summer 2022). As for my balances, I happened to be AZEO  though I don't practice that regularly. Not sure if the balances and UTI spooked them. 

I can imagine you'd want to get an increase but given you hve daily drivers practicing AZEO is likely not practical for you. 

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I didn't realize that they'd get spooked by that but it's good to know. Maybe I'll try for a CLI once those balances are paid and AZEO. I've already closed a Chase card because of low limits and I don't really want to close any others. Thanks for the info @nytokyobred79 

[fury1995]

Chase is sensitive to having multiple balances reporting. I had this very same in depth conversation with an analyst almost 2 years ago.

I make over $400k / year and Chase told me to pound sand because I allowed too many cards report balances. The analyst didn't care that whether I paid in full every month or not. I could've wiped out 100% of my debt that day. She went line by line on both my Experian and Equifax reports and asked for an explanation of every reporting balance (which I explained). Since then, I manage the number of REPORTING balances and Chase has the warm and fuzzies for me now.

[nytokyobred79]

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@Kennie02 wrote:

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@nytokyobred79 wrote:

Sorry to hear about the denial @Kennie02 

It very well may be your current balances and utilization reported. When I got cli's from Chase in Feb., my Fico scores were similar to yours and I, too, had opened several new accts in 12 months prior( 4 although they were summer 2022). As for my balances, I happened to be AZEO  though I don't practice that regularly. Not sure if the balances and UTI spooked them. 

I can imagine you'd want to get an increase but given you hve daily drivers practicing AZEO is likely not practical for you. 

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I didn't realize that they'd get spooked by that but it's good to know. Maybe I'll try for a CLI once those balances are paid and AZEO. I've already closed a Chase card because of low limits and I don't really want to close any others. Thanks for the info @nytokyobred79 

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Good Luck with paying down the balances. Hopefully, it turns out that it was just a case of the balances bothering them. I'm carrying a hefty balance on 2 cards now so I'm going to lay low until they're paid down in July.