Chase Amazon CLI?

[Anonymous]

We've had a Chase Amazon Rewards card since 2006 at $2500. We managed to keep it in good shape even through the problems that led us here, and the CL was never decreased. For that reason, plus the rewards, we've been happy with the card.

Now that we're making progress in building and getting new credit and CLIs, we tried to get an increase on it and were denied. I was surprised, until I looked at my report, which showed that until December, we've been carrying near the max balance for every reporting cycle since 2013. Do you think after reporting a few months of low utilization, they might approve a CLI? Any recommended strategies?  I think the next three months are going to be our breakthrough months for CLIs.

[willwar14]

 In my experience, Chase doesn't like handing out credit line increases, They denied me an increase on my 1K chase Amazon card with a 690 ex score.

[redpat]

Chase requires a HP for a CLI, you are better off apping for another chase card when utilization goes down and scores go up.  Chase allows you to move your CL to other cards.  The reason for apping for a new card is that you may get a higher CL than the CLI, IMO.

[takeshi74]

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@Anonymous wrote:

Now that we're making progress in building and getting new credit and CLIs, we tried to get an increase on it and were denied. I was surprised, until I looked at my report, which showed that until December, we've been carrying near the max balance for every reporting cycle since 2013. Do you think after reporting a few months of low utilization, they might approve a CLI?

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It is never just the account with the creditor that matters.  One's entire credit profile and income are considered to determine what one qualifies for.  Revolving utilization does have a significant impact so getting it down can help.  However, revolving utiliztion is not the only factor that matters.  Keep all of  them in mind when assessing your reports.

http://www.myfico.com/crediteducation/whatsinyourscore.aspx

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@willwar14 wrote:

 In my experience, Chase doesn't like handing out credit line increases, They denied me an increase on my 1K chase Amazon card with a 690 ex score.

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It's never just about score and like other creditors Chase considers credit profile and income for CLI's.  There are many, including me, that seem to have no luck with CLI's from Chase but there are those that get them including auto CLI's.

[Anonymous]

@takeshi74 wrote:

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It is never just the account with the creditor that matters.  One's entire credit profile and income are considered to determine what one qualifies for.  Revolving utilization does have a significant impact so getting it down can help.  However, revolving utiliztion is not the only factor that matters.  Keep all of  them in mind when assessing your reports.

http://www.myfico.com/crediteducation/whatsinyourscore.aspx

Then I'm golden. Next week, my utilization is optimal. In a year or two the worst offenses on my profile are gone.  I'm doing ok, and I have no reason to be in a hurry.