What's your theory? Mine might be the same.
Nothing super detailed, but the one time I got an auto CLI from Chase, it was after I had carried a large balance (over 50% as I recall) for several months and then paid it off. The CLI, from $12k to $16k, showed up on the next statement. Sample size was 1, but it felt like more than a coincidence. This was maybe two years ago.
I had also paid them a bunch of interest on that balance, so I wonder if that helped encourage them to give me more rope.
Same thing. I had a similar experience with Capital One. And interestingly, for the cards I pay off in full monthly (paying no interest), I've yet to receive an auto increase. Also, some cc companies seem to reward carrying a balance between 30-50% with auto increases, which seems to encourage balance carrying. Of course, their incentive is earning interest, which is their business.
Congratulations on the surprise auto CLI!
Congrats on your Chase FU Auto CLI🎉👍
I have a half-baked theory about these. Would you mind sharing more details about what your usage has been? Specifically, I'm wondering if you recently paid off a balance that had been high. And did you pay them any interest along the way?
Great question @Curious_George2 you got me thinking too, so I went back and checked my activity for 2020 to present.