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Fastest CLI ever

Curious_George2
Established Contributor

Fastest CLI ever

Just had a strange thing happen with a new card. DW apped for Chase Amazon Prime online a week or so back. Her scores are around 800 and she has two other Chase cards with CLs around $3k. She got instant approval for a $5k SL and the lowest published APR. Hooray! 

 

When the physical card arrived in the mail, the docs that accompanied it revealed that the CL is now over $8,000. She got a 60% CLI in less than a week, without using the card and without asking! I didn't know that was possible and I'm trying to understand how and why it happened.

 

Potentially relevant facts: She spends north of $5k per year on Amazon. Could that have triggered some kind of CL review after the instant approval? The income she reported on the app was our combined income, so maybe there's an extra level of review for certain income levels? She recently got a CLI on her highest limit card, and I'm not sure how visible those before-and-after numbers were to Chase at app time. Does Chase try to put this card's SL at 40-50% of the cardholder's highest CL?

 

Has anyone else experienced this? Any theories on what happened? It's great and I'm not complaining at all. Just surprised and curious (see screen name).


Message 1 of 24
23 REPLIES 23
CS1974
Valued Contributor

Re: Fastest CLI ever

Strange indeed but hey.... enjoy it! Congratulations

July 2020
Experian Fico 8. 707
Transunion Fico 8. 705
Equifax Fico 8. 724

Capital one QS1. $2450
Discover IT Cashback. $12,000
PNC cash rewards signature Visa. $17,500
Chase SW rapid rewards signature visa $6900
Amex Green Card NPSL POT $11,000

Amex Hilton Honors $1000
Citi Rewards $3900
Message 2 of 24
AllZero
Mega Contributor

Re: Fastest CLI ever

Congratulations on DW CLI!

Message 3 of 24
Meanmchine
Super Contributor

Re: Fastest CLI ever

Congrats to DW !


3/2016 EX 644 CK-TU 642 CK-EQ 660 WalMart- 671.
>12/2020 CCT EX 821 TU 826 EQ 840


"Survival kit contents check. In them you'll find:

- One forty-five caliber automatic
- Two boxes of ammunition
- Four days' concentrated emergency rations
- One drug issue containing antibiotics, morphine,
vitamin pills, pep pills, sleeping pills, tranquilizer pills
- One miniature combination Russian phrase book and Bible
- One hundred dollars in rubles
- One hundred dollars in gold
- Nine packs of chewing gum
- One issue of prophylactics
- Three lipsticks
- Three pair of nylon stockings.

Shoot, a fella' could have a pretty good weekend in Vegas with all that stuff."

Major Kong (Slim Pickens) in Dr. Strangelove 1964
Message 4 of 24
blindambition
Community Leader
Senior Contributor

Re: Fastest CLI ever

Congrats to DW. One of my most invaluable cards. Enjoy!! 📦 

Message 5 of 24
ZackAttack
Frequent Contributor

Re: Fastest CLI ever

That is not an error nor a fast CLI. This I have read a couple of months back that this is how Chase does it. For instant approval, if it is $5k or higher, the system will just say $5k most likely for security issues. When you do the card in the mail, that is when you will know your true CL.

MSGCU Rewards | $5k | 10/2/2020 | 9.25% APRDiscover Cash It | $6,550 | 1/4/2019 | 12.99% APRAmex 1.5% CB | $3.9k | 7/3/2019 | 20.99% APRBest Buy Store Card | $10kChase Freedom Flex | $1.2k | 4/10/2020 | 14.99% APRCiti DC | $3.5k | 10/14/2020 | 16.99% APRDCU Platinum | $8k | 10/21/2020 | 8.5% APRNFCU cashrewards | $5.7k | 1/2/2021 | 16.99% APRNFCU Plat | $20k | 4/17/2021 | 10.99%NFCU GoRewards | $1k | 8/16/2021 | 16.99%

Loans
Ford Credit Car Loan 3-year 7/31/2018 ($199.26/month)
$8,000 DCU Personal Loan 5-year 5.99% 10/2/2020 ($155.38/month)

Closed
Michigan Schools & Gov't CU Titanium 1/4/2019 - 10/2/2020
Discover Card 10/2/2020 - 8/18/2021
Message 6 of 24
Curious_George2
Established Contributor

Re: Fastest CLI ever


@ZackAttack wrote:

That is not an error nor a fast CLI. This I have read a couple of months back that this is how Chase does it. For instant approval, if it is $5k or higher, the system will just say $5k most likely for security issues. When you do the card in the mail, that is when you will know your true CL.


Interesting. I had no idea. Thanks!

 

Not challenging you, just curious: What security issues does this address? Do you mean they are worried about someone using a stolen identity to app for the card and then use it like crazy right away on Amazon, so they impose a $5k limit until the physical card is received and confirmed by the bona fide cardholder? 


Message 7 of 24
Brian_Earl_Spilner
Community Leader
Mega Contributor

Re: Fastest CLI ever


@Curious_George2 wrote:

@ZackAttack wrote:

That is not an error nor a fast CLI. This I have read a couple of months back that this is how Chase does it. For instant approval, if it is $5k or higher, the system will just say $5k most likely for security issues. When you do the card in the mail, that is when you will know your true CL.


Interesting. I had no idea. Thanks!

 

Not challenging you, just curious: What security issues does this address? Do you mean they are worried about someone using a stolen identity to app for the card and then use it like crazy right away on Amazon, so they impose a $5k limit until the physical card is received and confirmed by the bona fide cardholder? 


Fraud. You have the ability to spend, but the full amount won't be available until you activate. Synchrony does this as well.




Message 8 of 24
ZackAttack
Frequent Contributor

Re: Fastest CLI ever


@Curious_George2 wrote:

@ZackAttack wrote:

That is not an error nor a fast CLI. This I have read a couple of months back that this is how Chase does it. For instant approval, if it is $5k or higher, the system will just say $5k most likely for security issues. When you do the card in the mail, that is when you will know your true CL.


Interesting. I had no idea. Thanks!

 

Not challenging you, just curious: What security issues does this address? Do you mean they are worried about someone using a stolen identity to app for the card and then use it like crazy right away on Amazon, so they impose a $5k limit until the physical card is received and confirmed by the bona fide cardholder? 


identity theft is the biggest.

 

someone could of misplaced digits when applying if they don't catch right away so it doesn't ruin people's hope of a cl. Also do keep in mind that it is a Chase card so Chase can choose their way of doing stuff.

MSGCU Rewards | $5k | 10/2/2020 | 9.25% APRDiscover Cash It | $6,550 | 1/4/2019 | 12.99% APRAmex 1.5% CB | $3.9k | 7/3/2019 | 20.99% APRBest Buy Store Card | $10kChase Freedom Flex | $1.2k | 4/10/2020 | 14.99% APRCiti DC | $3.5k | 10/14/2020 | 16.99% APRDCU Platinum | $8k | 10/21/2020 | 8.5% APRNFCU cashrewards | $5.7k | 1/2/2021 | 16.99% APRNFCU Plat | $20k | 4/17/2021 | 10.99%NFCU GoRewards | $1k | 8/16/2021 | 16.99%

Loans
Ford Credit Car Loan 3-year 7/31/2018 ($199.26/month)
$8,000 DCU Personal Loan 5-year 5.99% 10/2/2020 ($155.38/month)

Closed
Michigan Schools & Gov't CU Titanium 1/4/2019 - 10/2/2020
Discover Card 10/2/2020 - 8/18/2021
Message 9 of 24
newfossil
Valued Contributor

Re: Fastest CLI ever


@Curious_George2 wrote:

Just had a strange thing happen with a new card. DW apped for Chase Amazon Prime online a week or so back. Her scores are around 800 and she has two other Chase cards with CLs around $3k. She got instant approval for a $5k SL and the lowest published APR. Hooray! 

 

When the physical card arrived in the mail, the docs that accompanied it revealed that the CL is now over $8,000. She got a 60% CLI in less than a week, without using the card and without asking! I didn't know that was possible and I'm trying to understand how and why it happened.

 

Potentially relevant facts: She spends north of $5k per year on Amazon. Could that have triggered some kind of CL review after the instant approval? The income she reported on the app was our combined income, so maybe there's an extra level of review for certain income levels? She recently got a CLI on her highest limit card, and I'm not sure how visible those before-and-after numbers were to Chase at app time. Does Chase try to put this card's SL at 40-50% of the cardholder's highest CL?

 

Has anyone else experienced this? Any theories on what happened? It's great and I'm not complaining at all. Just surprised and curious (see screen name).


Nice! Congratulations!




Starting score - May 2018

April 2021

AAoA - 1 year 6 months
Message 10 of 24
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