Chase CLD for Non-Use

[Janneman]

I have not used my FU for the last 9 months...not even once....

[swankytiger]

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@Janneman wrote:

I have not used my FU for the last 9 months...not even once....

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same or more, but then again it doesnt have a big limit on it since i moved that to my United card.

[SOGGIE]

If they decrease your limit, wouldn't that possibly cause a domino effect — your other creditors being spooked by the Chase limit decrease and subsequently decrease your credit limits too?

[FicoMike0]

Thanks for the warning.

I only have the prime. Got it last summer, $9000 credit limit. I requested a CLI last month, got +$1800. I never put more than $500 on it so I may be a cld candidate.

[Janneman]

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@SOGGIE wrote:

If they decrease your limit, wouldn't that possibly cause a domino effect — your other creditors being spooked by the Chase limit decrease and subsequently decrease your credit limits too?

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Causing a domino effect by other creditors upon decreasing of CL varies the policy of each creditor. Some might do, others won't....Some might not do if CL is decreased only on one card at a time. In my case, the CL of my few cards were substantially decreased, however that CLD was one card at a time...and I was able to get CL reinstated after some time. Never ever have had any domino effect by any creditor. Right now I have a card from Barclay, Red Aviator, wherein I myself relocated CL to another Barclay card, 98% CL, before this card takes over by Citi next month. Barclay stated we need to leave some money in donor card, so very little amount is left in there, and this new CL is showing up in my credit reports...Hope, no domino effect to occur.

Nevertheless, domino effect would definately occur if utilization goes up substantially...If its only one card then might not and it also depends on your credit profile. If you have a thick and well established profile then it might not cause any domino effect other than lowering FICO score when utilization is very high...I am talking based on my personal recent experience.

[Follower]

A follow-up to the threatened CLD I mentioned earlier: It never occurred. Neither of my Chase CLs have changed. Well past the fifty-day timeline.

[UncleB]

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@Follower wrote:

A follow-up to the threatened CLD I mentioned earlier: It never occurred. Neither of my Chase CLs have changed. Well past the fifty-day timeline.

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Following up as well to say this is also my situation.  My 50 days was a few weeks ago, and as of today my limit is exactly the same. 

I don't know if they just haven't got around to me yet or if they changed their mind.  Either way I'm fine with it. ¯\_(ツ)_/¯

[UncleB]

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@SOGGIE wrote:

If they decrease your limit, wouldn't that possibly cause a domino effect — your other creditors being spooked by the Chase limit decrease and subsequently decrease your credit limits too?

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This might be a concern for someone with a thin credit file who is new to credit and/or rebuilding, but it's not a concern for me.  

I've done reallocations before that showed on my credit reports as a CLD for the donor card and it had absolutely no impact.  While this isn't a reallocation and my total available credit is being reduced the reduction is so slight it won't matter to my overall utilization (if it ever actually happens).

[crystal626]

Yeah I think if you get a CLD and your profile is otherwise impeccable (not carrying balances, no lates, etc) that it's not really much of a red flag to the algorithm. I mean we know from this very forum that there are people who will voluntarily reduce their limits for reasons.

[Turbobuick]

I got that letter from Chase last year, except it was for the Amazon card. I passed on renewing my Amazon sub a year ago. Since their 5% card drops to 3%, I am using my BofA honors card for online, and getting 5.25%.

I ignored the letter, and they kept their promise and cut my line in half to $8K, which is still $8K more than I need. lol