Chase Slate Credit Card Increase

[rapprt]

I just received an email from Chase saying that I may be eligible for a credit line increase on my existing card.  They said no credit inquiry necessary.  My score is about 690, but my utilization is at about 85%.  Is it worth it to try and get approved, or will I be denied bc of utilization?  It did say that the offer is based on existing info from my account.

[Anonymous]

If it is a soft inquiry, go for it.  You have absolutely nothing to lose.  Update the thread with results should you go for it.

[Anonymous]

Go for it OP!

I never knew Chase did that

[SouthJamaica]

---

@rapprt wrote:

I just received an email from Chase saying that I may be eligible for a credit line increase on my existing card.  They said no credit inquiry necessary.  My score is about 690, but my utilization is at about 85%.  Is it worth it to try and get approved, or will I be denied bc of utilization?  It did say that the offer is based on existing info from my account.

---

What have you got to lose?

[Anonymous]

I would recommend going for it... and report back if you don't mind.  I just received my Chase Slate earlier this month so I am def interested in seeing the outcome.  

How long have you had your Chase Slate?

[ddemari]

I'd jump on that in a second!

[Anonymous]

I am also interested in hearing the outcome. Had my chase slate about a month now.

[Anonymous]

I have gotten those, and I believe all they ask for is your income. That may have changed, of course, and I do not know what they look for (meaning if utilization matters in this case) when/if they soft pull your credit report, but I wish you luck!

[Imperfectfuture]

It's happened before, when you carry a high balance. . Providing your scores are very good.

[Anonymous]

Does the offer have an expiration date? If you're concerned about not be eligible right now, then I would try and increase your scores as much as possible by reducing your utilization before the offer expires.

I read somewhere on here that Chase doesn't like more than 50% utilization on one card. Hopefully, more seasoned folks can offer more input.

Either way please come back and update this thread with your outcome. Best of luck!