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Chase Sapphire Preferred CLI $1,500 HP Approval

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ultimaterewardsguy357
Regular Contributor

Chase Sapphire Preferred CLI $1,500 HP Approval

I am very ecstatic about this CL because I can now upgrade to a CSR at the end of September (One Year CSP-versary!) I was hoping for a denial and here's how it went down:

 

3/31/2021

Called the number on the back of my CSP, I requested a CLI of $1,500 and was denied. I was transferred over to a credit analyst who told me that I was denied due to "card has recently had a credit limit increase". I spoke to the credit analyst and mentioned that I did move CL from my CFF in order to get my card to $10,000 so that I can upgrade to the CSR after year one. I mentioned my payment history, low utilization, income change, responsible use of the card, etc. The credit analyst took my information again (Gross Annual Income, Monthly Rent, Employment Status, etc.) and I waited 8 minutes. BOOM! Approved! $10,000 CL.

 

Backstory

September 29, 2020 was barely approved having gone through recon twice. Recon mentioned to me that I could apply for a CLI at anytime after my first statement if my credit report changed.

 

November 12, 2020 I was denied due too many opened accounts (6/24) at the time and the senior analyst told me that I had too many accounts under a year old. I decided to wait the 6 months.

 

CSP CLI Timeline

9/29/2020, SL $5,000

11/12/2020, CL $7,500 (moved $2,500 from CFF)

12/12/2020, CL $8,500 (moved $1,000 from CFF; $1,000 min. CL on CFF)

3/31/2021, CL $10,000 (HP $1,500 CLI)


Data Points:

5/24 Status: 7/24

TU Inquiries: 2 (6 Months); 4 (12 Months); 12 (24 Months)

 

UTI: 5%

FICO 8 Scores: EX 774, EQ 765, TU 759

AAoA: 4 years

Credit History Length: 13 years

Income: $65K - $74K

 

Current Cards:

1. Citi Double Cash Card, $9,000, opened 3/2017 (AU)

2. Discover It Cash Back, $4,000, opened 12/2019

3. Merrick, $2,500, opened 1/2020 (Still debating closing this guy - Disco at $5K???)

4. Amex Gold Card, No Pre-Set SL, opened 3/2020

5. Chase Sapphire Preferred, $10,000, opened 9/2020

6. Chase Freedom Flex, $1,000, opened 10/2020

7. Blue Business Plus, $2,000, opened 1/2021

8. The Platinum Card from Amex, No Pre-Set SL, opened 1/2021

9. CitiBusiness / AAdvantage Platinum Select, $11,000, opened 3/2021

 

 

10/23/2023 [FICO Score 8] EX: 768 TU: 761 EQ: 777

Future Cards:
Message 1 of 11
10 REPLIES 10
Anonymous
Not applicable

Re: Chase Sapphire Preferred CLI $1,500 HP Approval


@ultimaterewardsguy357 wrote:
I am very ecstatic about this CL because I can now upgrade to a CSR at the end of September (One Year CSP-versary!) I was hoping for a denial and here's how it went down:

 

3/31/2021

Called the number on the back of my CSP, I requested a CLI of $1,500 and was denied. I was transferred over to a credit analyst who told me that I was denied due to "card has recently had a credit limit increase". I spoke to the credit analyst and mentioned that I did move CL from my CFF in order to get my card to $10,000 so that I can upgrade to the CSR in year one. I mentioned my payment history, low utilization, income change, responsible use of the card, etc. The credit analyst took my information again (Gross Annual Income, Monthly Rent, Employment Status, etc.) and I waited 8 minutes. BOOM! Approved! $10,000 CL.

 

Backstory

September 29, 2020 was barely approved having gone through recon twice. Recon mentioned to me that I could apply for a CLI at anytime after my first statement if my credit report changed.

 

November 12, 2020 I was denied due too many opened accounts (6/24) at the time and the senior analyst told me that I had too many accounts under a year old. I decided to wait the 6 months.

 

CSP CLI Timeline

9/29/2020, SL $5,000

11/12/2020, CL $7,500 (moved $2,500 from CFF)

12/12/2020, CL $8,500 (moved $1,000 from CFF; $1,000 min. CL on CFF)

3/31/2021, CL $10,000 (HP $1,500 CLI)


Data Points:

5/24 Status: 7/24

 

Current Cards:

1. Citi Double Cash Card, $9,000, opened 3/2017 (AU)

2. Discover It Cash Back, $4,000, opened 12/2019

3. Merrick, $2,500, opened 1/2020 (Still debating closing this guy - Disco at $5K???)

4. Amex Gold Card, No Pre-Set SL, opened 3/2020

5. Chase Sapphire Preferred, $10,000, opened 9/2020

6. Chase Freedom Flex, $1,000, opened 10/2020

7. Blue Business Plus, $2,000, opened 1/2021

8. The Platinum Card from Amex, No Pre-Set SL, opened 1/2021

9. CitiBusiness / AAdvantage Platinum Select, $11,000, opened 3/2021

 

UTI: 5%

FICO 8 Scores: EX 774, EQ 765, TU 759

AAoA: 4 years

Credit History Length: 13 years

Income: $65K - $74K


Congratulations and how exciting you can get the much beloved CSR in September! 🥳🥳🥳 Thank you for supporting this forum with citing all your DP's so we can glean and learn. 🙏🏻🙏🏻

Message 2 of 11
AllZero
Mega Contributor

Re: Chase Sapphire Preferred CLI $1,500 HP Approval

Congratulations on your CLI! Thank you for sharing the data points.
Message 3 of 11
gdale6
Moderator Emeritus

Re: Chase Sapphire Preferred CLI $1,500 HP Approval

Interesting approach to get the CSR, grats on the cli Smiley Happy

Message 4 of 11
MyFault
Valued Contributor

Re: Chase Sapphire Preferred CLI $1,500 HP Approval

Congrats on your CSP CLI!








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Message 5 of 11
Credit4Growth
Senior Contributor

Re: Chase Sapphire Preferred CLI $1,500 HP Approval

@ultimaterewardsguy357 

Thank you for sharing details!

Congratulations on the CLI and when the time comes 👏 enjoy your CSR!

 

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Message 6 of 11
CreditAggie
Community Leader
Super Contributor

Re: Chase Sapphire Preferred CLI $1,500 HP Approval

Congratulations on your CSP CLI! Thank you for the DPs as well. We don't see many Chase HP CLI approvals here. 

Current Cards (in order of approval):

         
Current FICO 8 | 9 (February 2024):  
Credit Age:  
Inquiries (6/12/24):  
Banks & CUs:

Message 7 of 11
M_Smart007
Legendary Contributor

Re: Chase Sapphire Preferred CLI $1,500 HP Approval

Congratulations!

Message 8 of 11
cashorcharge
Community Leader
Senior Contributor

Re: Chase Sapphire Preferred CLI $1,500 HP Approval

Happy that worked out in your favor!! That's terrific!  Congratulations on your approval!! 🎉🥂

Message 9 of 11
Anonymous
Not applicable

Re: Chase Sapphire Preferred CLI $1,500 HP Approval

Congrats on the CLI and on the upcoming CSR upgrade!

 


@CreditAggie wrote:

Congratulations on your CSP CLI! Thank you for the DPs as well. We don't see many Chase HP CLI approvals here. 


Is this because not many people here want to take the HP for a CLI or because they usually get denied?

 

Message 10 of 11
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