Chase Freedom Question

[Total80sKid]

I’ll try to make this short. Just looking for advice.

The more the merrier!

I have had a Chase Freedom Card now for 3yrs. The SL was $500. Today’s limit is still the same.

I always kept the card maxed and would use what I just paid and over and over.

So I have also been a Chase member for over 7yrs.

My scores have really shot up from the low 720’s in May up to the mid-upper 700’s as of today.

I applied back in July for the Freedom Unlimited and got a $2k SL.

I have used that the most now since and keep the card at a $0 balance before the statement generates.

I would transfer the $500 from the Freedom to the Unlimited, but I think you have to leave at least $500 on a Chase Card, which renders that option useless.

Do I have any possibility of seeing this card grow now that using it and keeping it at a $0 balance or was I most likely pigeon holed into the bracket where cards don’t generally grow?

Sick drawer or use?

[Anonymous]

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@Total80sKid wrote:
I’ll try to make this short. Just looking for advice.

The more the merrier!

I have had a Chase Freedom Card now for 3yrs. The SL was $500. Today’s limit is still the same.

I always kept the card maxed and would use what I just paid and over and over.

So I have also been a Chase member for over 7yrs.

My scores have really shot up from the low 720’s in May up to the mid-upper 700’s as of today.

I applied back in July for the Freedom Unlimited and got a $2k SL.

I have used that the most now since and keep the card at a $0 balance before the statement generates.

I would transfer the $500 from the Freedom to the Unlimited, but I think you have to leave at least $500 on a Chase Card, which renders that option useless.

Do I have any possibility of seeing this card grow now that using it and keeping it at a $0 balance or was I most likely pigeon holed into the bracket where cards don’t generally grow?

Sick drawer or use?

---

I got my FU in 2/17, auto-CLI 7/17. If you're hoping to get an auto-CLI out of it, I would give it some pretty heavy use, but don't max it entirely. If you don't mind burning an inq, you could request a CLI on the DU too, and move limit to Freedom if you want that to grow. Note too that Chase will report mid-cycle for a PIF. I usually let $5 report and then PIF before making any more charges.

[HeavenOhio]

I believe you can transfer the last $500 of a Chase card's limit if you let it sit idle for a period of time, possibly for two statements.

Given your usage, it might make sense to request a hard-pull CLI and see where that might get you.

I'm not comfortable with a maxed statement balance, though. I'd use the card and pay as necessary to keep utilization in check and to keep the card available to absorb new charges. Let the statement cut with a reasonable balance, and pay to zero a day or two after the statement cuts. That'll allow a positive balance to appear on the statement with zero reporting to the bureaus. Paying promptly will cause Chase to skip reporting the statement balance and go straight to reporting zero.

[Anonymous]

There are data points on other credit forums that show people who posted a statement > 90% utilization (and then PIF) had auto CLIs consistently.

But none of them ever had $500 toy card limits.

I have the Freedom toy card (same limit) and am going to do the >90% at statement then PIF a few days later for the next year and see what happens, but I'm guessing this is Chase (who I charged off 10 years ago for 5 figures) testing me out for future credit lines, not future CLIs on this card.

[newhis]

DW started with Freedom at $500. Auto-CLI around 6 months to $1,000.

She didn't use the card for more than 30 days $0 balance and no payments and she was able to transfer the limit to other Chase card (all $1,000) and close the card.

2 years later from the Freedom she got the CSR with $15,000 and 2 months ago the IHG with $19,000.

I will not go for HP CLI. I will always try to keep the cards less than 30% all the time and report less than 10%.

If you wait you could get Chase cards with good limits, they want to see some history with perfect payments and sometimes other cards with high limits.

[Total80sKid]

Thank you all!

So ive had this regular Freedom for 3yrs at $500.

It has only been paid off consistantly for roughly 2 months now.

I only put my Netflix, Hulu and Amazon Prime (I pay monthly) on it and pay it off as soon as everything posts.

So I guess I will just keep doing that. How long of doing that should I give it before trying to see if I can just transfer the $500 to the Freedom Unlimited and cand close the regular Freedom out?

[BronzeTrader]

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@Total80sKid wrote:
I’ll try to make this short. Just looking for advice.

The more the merrier!

I have had a Chase Freedom Card now for 3yrs. The SL was $500. Today’s limit is still the same.

I always kept the card maxed and would use what I just paid and over and over.

So I have also been a Chase member for over 7yrs.

My scores have really shot up from the low 720’s in May up to the mid-upper 700’s as of today.

I applied back in July for the Freedom Unlimited and got a $2k SL.

I have used that the most now since and keep the card at a $0 balance before the statement generates.

I would transfer the $500 from the Freedom to the Unlimited, but I think you have to leave at least $500 on a Chase Card, which renders that option useless.

Do I have any possibility of seeing this card grow now that using it and keeping it at a $0 balance or was I most likely pigeon holed into the bracket where cards don’t generally grow?

Sick drawer or use?

---

You should.

[Anonymous]

Keeping a card at maxed out utilization is a high risk warning to lenders.  That alone would keep anyone from getting an auto-CLI.  They figure if you can't pay off your current balance, you likely wouldn't pay it off if it were higher.  Now, if you PIF each cycle after running the balance up significantly, that's the exact opposite and a great method for stimulating an auto-CLI.