Chase auto CLI $2800 -> $8700

[Anonymous]

wow!

congrats on the chase auto luv!

hoping to get that one day on my accounts

thank you for the dp

[DH1988]

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@Anonymous wrote:

Congratulations on an impressive auto CLI from Chase!

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@DH1988 wrote:

Oct 20 - $1259, 21 transactions 

Nov 20 - $1666, 27 transactions 

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If I were to venture a guess, your CLI was most likely triggered by the spend those two months.  Do you pay the statement balance only or do you pay to zero?  I wonder what the highest actual balance on the card was during those two months.

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Yes, I think you're right!

Typically I try to pay to zero. I prefer not to carry a balance because this is my highest APR card but sometimes I let my statement cut with small balances. (Sept - $143, Oct - $11, Nov - $0, Dec- $60 ).  I usually make several payments throughout the month, especially in those Paypal/Amazon months!

I don't know if it matters but I also have checking account, savings and and car loan with Chase. 

[Anonymous]

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@DH1988 wrote:

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@Anonymous wrote:

Congratulations on an impressive auto CLI from Chase!

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@DH1988 wrote:

Oct 20 - $1259, 21 transactions 

Nov 20 - $1666, 27 transactions 

---

If I were to venture a guess, your CLI was most likely triggered by the spend those two months.  Do you pay the statement balance only or do you pay to zero?  I wonder what the highest actual balance on the card was during those two months.

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Yes, I think you're right!

Typically I try to pay to zero. I prefer not to carry a balance because this is my highest APR card but sometimes I let my statement cut with small balances. (Sept - $143, Oct - $11, Nov - $0, Dec- $60 ).  I usually make several payments throughout the month, especially in those Paypal/Amazon months!

I don't know if it matters but I also have checking account, savings and and car loan with Chase. 

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So you pay to zero or a small balance before statement cut then, and your actual max balance doesn't get that high.  They must use total spend as a metric for CLIs as opposed to (or in addition to) max balances.

Of course you won't pay interest if you pay the statement balance before the due date, whether you let it report or not.

[mgood]

Congratulations!

[Demented1]

Congratulations on your approval!