Chase Income update email.

[Anonymous]

Today I received an email to update my income with Chase. In the body of the email it stated that the info is used o determine CLI. My freedom is currently at 6.3k and CSP is at 10.3k.

My question is has anyone actually received a CLI via income update? Or is it just chase making sure they check their boxes and have yearly updated income and nothing will come of it?

[Anonymous]

Umm, I have never received such email before.  

I do know that is why credit card companies want to know your income.

[Anonymous]

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@Anonymous wrote:
Today I received an email to update my income with Chase. In the body of the email it stated that the info is used o determine CLI. My freedom is currently at 6.3k and CSP is at 10.3k.

My question is has anyone actually received a CLI via income update? Or is it just chase making sure they check their boxes and have yearly updated income and nothing will come of it?

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And they also want to determine if they should CLD you as well.

[UpperNwGuy]

Whatever you do, don't click on any links in the email.  Instead log into your Chase online account and do the update there.  I'm surprised Chase made their request by email.  Most lenders ask you when you log into your online account.

[driftless]

Just make sure that it is not a phishing email.

[Anonymous]

I'm not worried about a CLD or AA. Especially from Chase! We run about 2000-3500 through CSP alone every month and PIF and when we use the freedom for 5 percent cash back we PIF as well. Plus, I've held several car loans with chase and a mortgage and an a king relationship well over 10 years. Have a solid relationship with them.

Just never received an email regarding income update for a "potential credit line increase" before.

[Anonymous]

Sorry, banking relationship.

It wasn't a phishing email. I independently logged in and it was the first thing to pop up on my chase APP

[K-in-Boston]

In theory, the CARD Act of 2009 requires card issuers to not only obtain but maintain cardholder's ability to repay credit obligations.  Most of my card accounts ask me to update that about once a year when I log in.

[Anonymous]

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@Anonymous wrote:
Today I received an email to update my income with Chase. In the body of the email it stated that the info is used o determine CLI. My freedom is currently at 6.3k and CSP is at 10.3k.

My question is has anyone actually received a CLI via income update? Or is it just chase making sure they check their boxes and have yearly updated income and nothing will come of it?

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I received the same email, Andrew. I entered the updated info and nothing happened LOL. I had heard before about people receiving an email indicating that they were eligible for a CLI once the income had been updated and thought it finally happened to me. Nope. 

And to clear things up for all y'all, it was a legitimate Chase email. 

[simplynoir]

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@K-in-Boston wrote:

In theory, the CARD Act of 2009 requires card issuers to not only obtain but maintain cardholder's ability to repay credit obligations.  Most of my card accounts ask me to update that about once a year when I log in.

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Yeah, every once in awhile I'll get pop ups on my Synch, Capital One, and AMEX accounts asking me to update my income so assuming it's not a phishing scam it's SOP.