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CSP increase?

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Amarie003
New Contributor

CSP increase?

Hi all!

 

Has anyone had any luck with requesting a credit limit increase for their Chase Sapphire Preferred? I just got an automatic increase of $1500 about 5 months ago and I was wondering if I should try to ask for another?

Message 1 of 9
8 REPLIES 8
Ghoshida
Valued Contributor

Re: CSP increase?


@Amarie003 wrote:

Hi all!

 

Has anyone had any luck with requesting a credit limit increase for their Chase Sapphire Preferred? I just got an automatic increase of $1500 about 5 months ago and I was wondering if I should try to ask for another?


Remember that if you ask for a CLI, it is almost always an HP. 

Message 2 of 9
red259
Super Contributor

Re: CSP increase?


@Ghoshida wrote:

@Amarie003 wrote:

Hi all!

 

Has anyone had any luck with requesting a credit limit increase for their Chase Sapphire Preferred? I just got an automatic increase of $1500 about 5 months ago and I was wondering if I should try to ask for another?


Remember that if you ask for a CLI, it is almost always an HP. 


+1. If it was me I would be more inclined to app for another chase card instead of taking a HP on a CLI. 

;
Starting Score: EQ: 714, TU 684
Current Score: EQ: 725 7/30/13, TU 684 6/2013, Exp 828 5/2018, Last App 8/5/17
Goal Score: 800 (Achieved!) In garden until Sepetember 2019
Message 3 of 9
Anonymous
Not applicable

Re: CSP increase?


@Ghoshida wrote:

@Amarie003 wrote:

Hi all!

 

Has anyone had any luck with requesting a credit limit increase for their Chase Sapphire Preferred? I just got an automatic increase of $1500 about 5 months ago and I was wondering if I should try to ask for another?


Remember that if you ask for a CLI, it is almost always an HP. 


+1.  They decide when to give you a CLI.  But if you request it, then HP.

Message 4 of 9
MT936
Established Contributor

Re: CSP increase?

if you ask for a cli they will hard pull you i didnt get any auto cli increases on my chase freedom so I decided to take the hp and just cli the freedom

Amex Blue Cash Everyday: $25,000 | Navy FCU Cash Rewards: $25,000 | Discover It: $20,500
Chase Freedom: $12,500 | Citi Double Cash: $10,000 | Bank of America Cash Rewards: $8,000

Message 5 of 9
Amarie003
New Contributor

Re: CSP increase?

Thanks for the responses. The HP definitely sucks to hear though. Smiley Sad 

 

Message 6 of 9
Ghoshida
Valued Contributor

Re: CSP increase?


@red259 wrote:

@Ghoshida wrote:

@Amarie003 wrote:

Hi all!

 

Has anyone had any luck with requesting a credit limit increase for their Chase Sapphire Preferred? I just got an automatic increase of $1500 about 5 months ago and I was wondering if I should try to ask for another?


Remember that if you ask for a CLI, it is almost always an HP. 


+1. If it was me I would be more inclined to app for another chase card instead of taking a HP on a CLI. 


Agreed. As your score improves, Chase anecdotally gives progressively higher limits and lower APRs (on flexible APR cards).

 

If you have an HP to spare, pick a nice Chase card (that you like and didn't app for already) and go for it. Chase pre-app is a nice place to start looking. Ritz and Mariott bigger sign-up bonuses are there around the corner Smiley Happy

 

Then juggle the credit limits around a bit. I believe you can do that when you call the CSR to activate your new card (may be possible even before that). 

 

If you don't have an HP to spare, wait for a few months for Chase to do another auto. People have also reported that they send you invitation mails to apply for an SP increase. But do remember that you have to wait for them to initiate such discussion.

Message 7 of 9
Anonymous
Not applicable

Re: CSP increase?

An HP isn't the end of the world.

Message 8 of 9
Ghoshida
Valued Contributor

Re: CSP increase?


@Anonymous wrote:

An HP isn't the end of the world.


True. However, there is something called a trade-off and it never hurts aiming for the best result Smiley Happy

Message 9 of 9
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