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Oh wow, Chase Freedom CC automatic CL increase!!!

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youdontkillmoney
Valued Contributor

Oh wow, Chase Freedom CC automatic CL increase!!!

Signed into my Chase Freedom CC account online and I saw my credit line was upped to $10,000 from $8,000 and I only opened the account in April 2014.

 

Bacground: I opened the account and it offered 0% interest on purchases from April 2014 through July 2015. I figured I'll buy some stuff and keep a balance on the account for a few months to show activity on it and my credit report, so I bought stuff updwards of $6,000. Then I paid the minimum each month since April and then a couple of weeks ago in July I got tired of having a balance and paid it all off at once. Now I have a 0 balance, then all of a suddent this morning my credit line jumped to $10,000.

 

I figured their alogorithm in Chase calculated I am a good risk so they can extend me more credit without even telling me.

Message 1 of 16
15 REPLIES 15
One7
Valued Contributor

Re: Oh wow, Chase Freedom CC automatic CL increase!!!

Awesome!  Must be nice. Congratulations on your CLI into the five digits

EX 810 EQ 805 TU 792 Diners WEMC 15k Chase United Club VS 15k | Hyatt VS 25k | Ritz VI 5k | Frdm VS 6k | CSP VS 5k | Mariott VS 6k | Amzn VS 16k Citi ExecAA WEMC 18k | TYP VS 7k | Costco VS 9k | Hilton Reserve VS 6k | Best Buy Visa 5k BofA Travel VS 30k | Cash VS 41k | Merrill+ VS 46k Barclay Rwds WMC 6k | Hawaiin WEMC 10k | JetBlue WEMC 8k | Aviator S WEMC 6k Amex Plat: NPSL | BCP 8k | SPG 3k WF Rwds VS 9k | Propel World Amex 25k | Dillards Amex 2k BBVA NBA Amex 10k Cap1 GM WEMC 8k | QS Visa 3k | Saks WEMC 9k NASA 30k Discover It 7k | US Bank Cash+ VS 15k | Flex Perks VS 20k ||| Total Rwds VS 12k | SG Rwds 11k | Walmrt MC 8k | Lowes 17k | Bowflex 9k | J Deere 15k | TJ Max 4k | Care 15k | HDepot 20k | Amzn 5k | PPal Extras 8k | Chvron 10k | Macys 15k | JCrew 18k | Marvel 8k | Stash VS 8k | Cabelas 10k | Statefarm 12k | Nordstrom Visa 10k \\\\Gardening since January////
Message 2 of 16
coldnmn
Mega Contributor

Re: Oh wow, Chase Freedom CC automatic CL increase!!!

Congrats! Thanks for sharing.

 

 

Discover IT $17k / US Bank Ace (VSig) $13.5K / US Bank Cash+ (VSig) $13.5k
Sam's Mastercard $15k / Walmart Mastercard $10k / Blispay $7.5k PayPal Ex MC $10.8k
CareCredit 5k / Husq $5k / Cap1 QS $4.5k / Barclay Ring $5.35k / Citi DC (WMC) $12k
Gardening Date 7/01/16 / MyFico 08: EQ 801 / TU 777 / EX 771 / 06/08/17
Message 3 of 16
OHWWCB
Regular Contributor

Re: Oh wow, Chase Freedom CC automatic CL increase!!!

Wow, that's awesome. Maybe I should carry a balance and see what happens? Ugh haha


Hilton Honors $15,000 | AMEX Green | Chase Sapphire Preferred $9000 | Discover IT $6600 | Marriott Premiere Rewards $5000 | Chase Freedom $5500 | Barclaycard Visa with Apple Rewards $2000 | CapitalOne Quicksilver One $2000 | US Airways Dividend Miles $2400
Message 4 of 16
Anonymous
Not applicable

Re: Oh wow, Chase Freedom CC automatic CL increase!!!

Congrats!
Message 5 of 16
CreditMagic7
Mega Contributor

Re: Oh wow, Chase Freedom CC automatic CL increase!!!


@youdontkillmoney wrote:

Signed into my Chase Freedom CC account online and I saw my credit line was upped to $10,000 from $8,000 and I only opened the account in April 2014.

 

Bacground: I opened the account and it offered 0% interest on purchases from April 2014 through July 2015. I figured I'll buy some stuff and keep a balance on the account for a few months to show activity on it and my credit report, so I bought stuff updwards of $6,000. Then I paid the minimum each month since April and then a couple of weeks ago in July I got tired of having a balance and paid it all off at once. Now I have a 0 balance, then all of a suddent this morning my credit line jumped to $10,000.

 

I figured their alogorithm in Chase calculated I am a good risk so they can extend me more credit without even telling me.


Like Hannibal Smith would say "I love it when a plan comes together" Smiley Very Happy

I also throwed out constant micro managing and instead rolled balances (on certain Prime Cards} anywhere from 30 to 90 days or longer and the results have been nothing short of excellent returns from those lenders. Looks like your calculations fell in favor for you with them. Nice job OP!

 

Congrats! on a nice Auto CLI! Smiley Happy

Message 6 of 16
Anonymous
Not applicable

Re: Oh wow, Chase Freedom CC automatic CL increase!!!

Congrats on the quick Auto CLI! Maybe I should let a balance report before PIF to see what happens!

Message 7 of 16
9CLINE
Valued Contributor

Re: Oh wow, Chase Freedom CC automatic CL increase!!!

WTG.... thanks for info...will keep in mind for future


Message 8 of 16
ExplicitElicit
Established Contributor

Re: Oh wow, Chase Freedom CC automatic CL increase!!!

Congrats! I also received an auto CLI from them this month. They must be feeling generous! 

Message 9 of 16
alvon123
Super Contributor

Re: Oh wow, Chase Freedom CC automatic CL increase!!!

congrats


Message 10 of 16
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