Chase Freedom CLI Question

[jropeter]

Hey guys,

     So recently (about a week ago), I was approved for a Chase Freedom with a $3,000 CL. Yesterday, I received an offer in the mail from Chase for a Chase Slate Card....I am wondering...since I REALLY want to have a card with a $5,000 CL, should I call chase to request a CLI to $5,000 on my Freedom card I was approved for, or apply for the Chase Slate, and transfer my credit limit I am approved for on the Slate to the Freedom card? Any suggestions or thoughts are appreciated!!

-Jordon

[yudeology101]

If you get approved for Slate, you can request Chae to move the limit to Freedom to make it $5k.  Otherwise, requesting a CLI directly for Freedom will end up in a HP.

[Anonymous]

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@yudeology101 wrote:

If you get approved for Slate, you can request Chae to move the limit to Freedom to make it $5k.  Otherwise, requesting a CLI directly for Freedom will end up in a HP.

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Right, but the Slate approval would also be a HP.  Plus, I wouldn't read much into the offer, it was probably generated before your Freedom approval, so you might not get it, or get a small CL (or you might get a big one, we don't know!).   If a $5K limit is the goal, I would wait a few months and apply for a CLI.  But if a HP even for a decline is OK, I guess go for the Slate and see what you get.

[FinStar]

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@Anonymous wrote:

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@yudeology101 wrote:

If you get approved for Slate, you can request Chae to move the limit to Freedom to make it $5k.  Otherwise, requesting a CLI directly for Freedom will end up in a HP.

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Right, but the Slate approval would also be a HP.  Plus, I wouldn't read much into the offer, it was probably generated before your Freedom approval, so you might not get it, or get a small CL (or you might get a big one, we don't know!).   If a $5K limit is the goal, I would wait a few months and apply for a CLI.  But if a HP even for a decline is OK, I guess go for the Slate and see what you get.

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+1

[madmann26]

Chase is weird,

I've seen people get denied for the Freedom increase but get approved for the Slate.

Talk about mass confusion.

[Kenny]

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@madmann26 wrote:

Chase is weird,

I've seen people get denied for the Freedom increase but get approved for the Slate.

Talk about mass confusion.

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Exactly!! That's why I always recommend just going for a new TL if your main goal with Chase is increasing CL... very easy to transfer it over and they have no qualms about denying a CLI request.

[sosabe77]

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@madmann26 wrote:

Chase is weird,

I've seen people get denied for the Freedom increase but get approved for the Slate.

Talk about mass confusion.

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I was in this same boat.  I got denied on a Freedom CLI but they approved me for the Slate the same week.  I just combined CLs then closed the Slate.

I've been told that approval standards are pretty lenient on the Slate since it is seen as primarily a balance transfer card and Chase loves it when you bring your balances over to them obviously.

[Anonymous]

About 2 weeks ago I asked for a CLI on my $500 Freedom and was denied. Then last week I applied for the Sapphire Preferred because my fiance and I will be traveling outside the US and wanted a travel rewards card with no foreign transaction fees. Approved instantly for $5,000. I just don't understand why I would be denied the CLI and then approved for the CSP, but I'm not complaining on the approval end of things!

[Kenny]

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@Anonymous wrote:

About 2 weeks ago I asked for a CLI on my $500 Freedom and was denied. Then last week I applied for the Sapphire Preferred because my fiance and I will be traveling outside the US and wanted a travel rewards card with no foreign transaction fees. Approved instantly for $5,000. I just don't understand why I would be denied the CLI and then approved for the CSP, but I'm not complaining on the approval end of things!

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It's just Chase being stupid, IMO.

[FinStar]

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@Anonymous wrote:

About 2 weeks ago I asked for a CLI on my $500 Freedom and was denied. Then last week I applied for the Sapphire Preferred because my fiance and I will be traveling outside the US and wanted a travel rewards card with no foreign transaction fees. Approved instantly for $5,000. I just don't understand why I would be denied the CLI and then approved for the CSP, but I'm not complaining on the approval end of things!

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This is just Chase's underwriting.  It's all based on risk algortithms.