cancel
Showing results for 
Search instead for 
Did you mean: 

Chase Freedom Approval should I recon for a higher initial CL?

tag
Ragelog
Established Contributor

Chase Freedom Approval should I recon for a higher initial CL?

So yesterday i was approved for a $3500 Chase Freedom card which will be my current highest limit by 3.5 times. Should I recon to try to get say 5k. In general I am very happy with the approval and don't want to risk them deciding to reduce things. This site has taught me to not settle for their first offer. So should I try worst case they say no or would they possibly change an approval to a denial?

 

Thanks,

Sam

EQ04 675, EQ08 676, EX08 719, TU08 703 $12704.75/$123050 Revolving Credit (All 0% or 1.99%) - In Garden Since 5/25/2016

Last negative item should fall off in July 2017.
Message 1 of 7
6 REPLIES 6
Closingracer99
Valued Contributor

Re: Chase Freedom Approval should I recon for a higher initial CL?


@Ragelog wrote:

So yesterday i was approved for a $3500 Chase Freedom card which will be my current highest limit by 3.5 times. Should I recon to try to get say 5k. In general I am very happy with the approval and don't want to risk them deciding to reduce things. This site has taught me to not settle for their first offer. So should I try worst case they say no or would they possibly change an approval to a denial?

 

Thanks,

Sam


I got a $3,500 CL in June and just got bumped up to $4,500 today without even asking for it so I got a $1,000 CLI which is also my first Auto CLI Smiley Happy 

 

Took about 3 months to get my auto CLI 


My Cards: Amex BCE: $9,000, Amex Hilton HHonors: $2,000, Amex ED: $12,000, Barclays NFL extra points: $3,000, Bank of America MLB cash rewards: $17,000, BBVA compass NBA Amex triple double rewards: $17,000, Chase Amazon: $1,000, Chase Freedom: $9,000, Chase Sapphire: $5,000, Chase Slate: $5,000, Chase Disney: $4,000, Citi Double Cash: $5,400, Citi AA plat: $5,500, Citi Simplicity: $3,000, Citi Thank you preferred: $8,800, Capital one GM: $2,000, Capital one PlayStation: $3,000, Gamestop: $1,150, Amazon Store: $5,000, Ebay MasterCard: $5,000, American Eagle Storecard: $750, Macy's: $500
EX: 744, TU:750, EQ: 740
Message 2 of 7
AvadaKedavra
Established Contributor

Re: Chase Freedom Approval should I recon for a higher initial CL?

If that's your highest limit and your first chase card, I wouldn't push it. Besides, they'll probably want to do another HP.

Message 3 of 7
Ragelog
Established Contributor

Re: Chase Freedom Approval should I recon for a higher initial CL?

I think I will try to lay low for awhile and not rock the boat. I am pretty happy with the available credit I have now combined with rewards/options it allows. 

EQ04 675, EQ08 676, EX08 719, TU08 703 $12704.75/$123050 Revolving Credit (All 0% or 1.99%) - In Garden Since 5/25/2016

Last negative item should fall off in July 2017.
Message 4 of 7
chalupaman
Super Contributor

Re: Chase Freedom Approval should I recon for a higher initial CL?

I'd say that's very good for Chase. Don't rush it. Besides, I've heard a lot about how they're good with auto CLIs.

Tradelines: Macy’s - $18k, Penfed Power Cash Rewards - $10k, Ethan Allen (TD Bank) - $5.7k, Kay Jewelers - $5.5k, Appliances Connection - $5.3k, Jared - $5.25k, Best Buy (Citi) - $5k, Dell Preferred Account - $3.5k, Samsung - $3.2k, Firestone CFNA - $3.2k, Capital One Platinum - $3k, Mercury MC - $2.25k, Williams Sonoma - $2.1k, Wayfair (Fortiva) - $2k, Amazon Store Card - $1.8k, Apple Card - $1.7k, NFCU cashRewards - $1.5k, CareCredit - $1.5k, B&H Photo - $1.5k, Adorama - $1.25k, Ebay MC - $1k, Sam’s Club MC - $1k, American Eagle - $1k, Ollo MC - $600, Mission Lane Visa - $500, NY & Company - $500, Walgreens - $500, Home Depot - $500, Target RED Card - $500, CapOne Secured MC 0 AF - $500, Penfed Overdraft LOC - $500

Current FICOS: Mid 640s-50s on all reports, Ch 7 BK D/C Aug 2019
Starting scores: EX - 534, EQ - 574, TU - 516 | Total TLs: $91k approx | Total Utilization: 17%, getting this back down
Message 5 of 7
xerostatus
Regular Contributor

Re: Chase Freedom Approval should I recon for a higher initial CL?

Recon initial CL will cost you an HP for Chase, Proceed accordingly.

 

Many report that Chase loosens the purse strings more readily for subsequent accounts, after your first foot in the door. My first Chase card was a $1500 freedom, and I had to practically beg them for that. Less than a year after, instant approval for $14.4k Marriott.

Message 6 of 7
Anonymous
Not applicable

Re: Chase Freedom Approval should I recon for a higher initial CL?

Agree with xerostatus Smiley Happy You did well with you intial limit, avoid the HP. In my personal experience they were great with the 2nd card limit of 5k after my Freedom limit of $500 a month earlier. Thankfully no begging was necessary!
Message 7 of 7
Advertiser Disclosure: The offers that appear on this site are from third party advertisers from whom FICO receives compensation.