I recently got a CFU and have been doing a ton of research on their CLI's from various posts on this forum.
a lot of the posts are old, and are referring to chase CLI's being hard pulls, but some of the new posts say they changed this rule recently tho and they are all soft pulls now correct?
futhermore there seems to be a lot of conflicting information about how they do CLI's in general.
first off, on their app, it seems that you cannot request an increase. you can only accept CLI offers, if you want to request an increase without an offer being present you need to call in. Is this right? Or am I simply unable to request one via the app because my account is newer?
also, many people have said they never get auto increases from chase, all of their increases needed to be requested. But the bulk of these posts were from late 2020-2021 when COVID was crazy. So I'm sure that has changed some.
others mention getting auto increases, but it's very hit and miss. It's not every 6 months or every 12 months, they seem to be extremely random.
can anyone with a current chase card shine some light on how chases generally handles CLI's.
-How you got yours(were you offered on the app or did you have to call in and request?)
-how often do you get auto increases
-what does chase like to see? What have you found to be the best way to get auto increases from chase specifically?
@SRT4kid93 wrote:I recently got a CFU and have been doing a ton of research on their CLI's from various posts on this forum.
a lot of the posts are old, and are referring to chase CLI's being hard pulls, but some of the new posts say they changed this rule recently tho and they are all soft pulls now correct?
futhermore there seems to be a lot of conflicting information about how they do CLI's in general.
first off, on their app, it seems that you cannot request an increase. you can only accept CLI offers, if you want to request an increase without an offer being present you need to call in. Is this right? Or am I simply unable to request one via the app because my account is newer?
also, many people have said they never get auto increases from chase, all of their increases needed to be requested. But the bulk of these posts were from late 2020-2021 when COVID was crazy. So I'm sure that has changed some.
others mention getting auto increases, but it's very hit and miss. It's not every 6 months or every 12 months, they seem to be extremely random.
can anyone with a current chase card shine some light on how chases generally handles CLI's.
-How you got yours(were you offered on the app or did you have to call in and request?)-how often do you get auto increases
-what does chase like to see? What have you found to be the best way to get auto increases from chase specifically?
Forget the old posts. Things have changed dramatically with Chase CLI's in the past couple of years.
Auto CLI's. Chase is good with those, usually for people putting a lot of spend on the card and paying it right down.
SP CLI's. You can apply for a CLI, and it's soft pull now.
that's a relief, I saw posts of people who had the same credit limit for like 5-10 years and very few of them ever got auto increases they had to request them all which were hard pulls.
it was so bad people found it easier to apply for a new chase card, move the limit over to their old card, and then closing the new card immediately. So the card they applied for was basically only used to donate its credit limit and then it was gone
FYI, Someone asked earlier about Chase CLIs and this is my reply. (I got my Prime Visa July 2022.)
https://ficoforums.myfico.com/t5/Credit-Cards/Chase-prime-visa-cli-timeframe/m-p/6788074#M1876169
The abililty to request a CLI may not appear in the App for a while IIRC. Here is a screen shot from the Chase App wherein the credit limit increase option is enabled.
@SRT4kid93 wrote:
that's a relief, I saw posts of people who had the same credit limit for like 5-10 years and very few of them ever got auto increases they had to request them all which were hard pulls.
it was so bad people found it easier to apply for a new chase card, move the limit over to their old card, and then closing the new card immediately. So the card they applied for was basically only used to donate its credit limit and then it was gone
I've had at least one Chase card since 2000. In the early days, my profile wasn't what it is today and my finances were more stressed. Back in the 2000's and 2010's, yes you did have to authorize a HP if you wanted a CLI (unless you somehow generated an auto-CLI approval.) From my experience, auto-CLIs didn't happen at all for me, at least nothing significant that I remember. I also specifically remember authorizing the HP and then getting a decline, which was quite frustrating! The strategy you mention above has been the secret for me with Chase. I've opened and/or consolidated multiple cards, reaped the SUBs, got to test a new card, and ultimately combined limits strategically. As part of my higher limits strategy, I wanted a $100K card and I eventually achieved that with this method on my Chase Sapphire Reserve. What's really crazy is that if I wanted to combine all my personal limits on that card, they would probably allow it and I would have a $141,400 limit on a single card! What I found with applying for new cards is that Chase kept lending me more money as long as they thought my profile would support it. Eventually, I did get approvals with reallocation of existing credit limits but no denials due to Chase TCL. Today, Chase is by-far my most generous lender with $156,400 in credit across personal and business cards. They've been good to me and I like them.
By the way, I never closed a new card right away. I kept all of them for at least two years before consolidating and closing. I honestly wanted to try out the cards, plus I didn't want to look like a SUB churner to Chase since I valued the relationship. TIP: If you do this, leaving the DONOR card idle for a full six months may make you eligible to move the entire limit over to another card. Less than that and they may make you leave $500 to $1,000 on the donor card when you close it.
Yes, Chase discontinued the mandatory HP policy in 2023. It was posted on 03/01/2023: Chase CLI - no more HP! Initially, I didn't have any "offers" but eventually I was able to get a $2K CLI on my new IHG Rewards Premier Visa Signature at about the five month point (08/04/2023) without particularly heavy spend other than the SUB.
Here's another Chase CLI nugget. If you're OVER 5/24 - ie, five new personal revolving accounts in the past 24 months - which makes you normally ineligible for a new card approval with Chase, they will normally ALSO decline to give you CLIs during this time. So heavy credit seekers may be denied, even with heavy utilization.
That said, heavy spend-and-pay will often generate auto-CLIs from what I've read, barring the 5/24 rule. I probably never put enough spend through my cards before I started this consolidation strategy to warrant the better auto CLIs. (When I opened my first Chase card in 2000, it was a basic Slate Visa with no rewards and the Freedom Unlimited wouldn't be introduced until around 2016.)
does chase allow you to have multiple of the same card? For example, multiple freedom unlimited cards?
also, what's the point of not giving increases and then making you apply and move the credit limit? All that's doing is forcing them to pay out more sign up bonuses, (which for me was $200 if I spend $500 which was ridiculously easy to hit)
lastly, have you noticed that chase has improved in recent years compared to before? Do you fiind that you still don't get increases to this day?
@SRT4kid93 wrote:does chase allow you to have multiple of the same card? For example, multiple freedom unlimited cards?
also, what's the point of not giving increases and then making you apply and move the credit limit? All that's doing is forcing them to pay out more sign up bonuses, (which for me was $200 if I spend $500 which was ridiculously easy to hit)
lastly, have you noticed that chase has improved in recent years compared to before? Do you fiind that you still don't get increases to this day?
For some cards, yes, you can have duplicates. For others, it might not make sense for most people. The Freedom Unlimited, for example, doesn't have capped spending on any categories, so there's no need to have a second one. Same for cards like their Amazon. They also have a "ONE SAPPHIRE" rule, so you cannot hold both a Sapphire Preferred and a Sapphire Reserve, if for some reason you wanted to do so. (Some have tried that for the second SUB; Chase also has a one Sapphire card SUB every 48 months, which limits that besides the one Sapphire rule.) I don't think there's a limit on having multiples of the other types such as Marriott, United, or Hyatt cards, for example, but again there is no reason to do that and have multiple AFs.
The most logical card to have a multiple is the Freedom Flex with rotating categories. That allows you to double the capped spending in quarters where one card's limit is too low.
I don't know if you're interested in travel cards or points, but there are combinations known as the Chase bi-fecta; tri-fecta; quad-fecta etc. That's because with a Sapphire card (Preferred or Reserve) or a Business Preferred as the anchor card, you can move cash back as Ultimate Rewards points (UR) to those Sapphires at a penny-a-point. (Cash Back earned on any of the Freedoms or the INK Business cards.) Combined with the Sapphire cards higher rewards value in portal (Preferred 1.25; Reserve 1.5) or the ability to transfer to airline/hotel travel partners at value rates of up to 2 cents per point, that makes the combinations quite valuable if travel is your objective. I didn't like playing the rotating category game with my Freedom although some people love that and the added value in URs. In my case, I felt I was not getting even value-added. However, the Freedom Unlimited earning 3% (3 URs) in drugstores combined with 1.50% everywhere else means that if I want to save up URs for travel, my Freedom Unlimited earns 1.5% x 1.5 (in travel portal magnification) = 2.25% or 1.5 x 2.0 (high transfer value) = 3% on everything I buy. That beats the 1 UR base earnings I get with Chase Sapphire Reserve. So CSR for dining and travel categories; CFU for everything else is a killer combo. And my INK Cash card also plays nicely earning 5% in office supply stores, home television, home internet, cellphone in cash value. But transferred in URs to CSR, those points are 7.5% to 10% in value.
Don't get me wrong; Chase does give good CLIs to some consumers. Yes, I think they are better with it than they used to be. But they do like to see good spending patterns. However, for some reason, they are more generous with new credit. I don't know why, but that seems to be the more simple and fastest way to build larger credit lines with Chase. Their 5/24 rule largely prevents many people from abusing their SUBs unless that person is limiting their new applications and focusing on Chase. Otherwise, you would probably exceed 5/24 easily.
Do I get increases? Well, I did get that $2K last year on that IHG Rewards Premier. I've been over 5/24 lately which has kept me from getting additional increases, if nothing else. Also, my TCL is so high with them that I may be at or near a cap without large assets invested with Chase. My spending is nowhere near my limits and probably never will be, so my spending is unlikely to warrant an increase. In the last couple of years, I think I am at or close to topping out in TCL with several of the large banks including Chase ($156.4K); Bank of America ($99.9K); CITI ($95.5K); AMEX ($95K); and NFCU ($80.0K.) They've all been part of my strategy and I've been knocking them off one at a time.
im not interested in travel, but I am interested In multiple freedom unlimited/freedom flex, mostly because they started me with a low limit, so if they won't raise it, getting several unlimited/flex's and then moving the credit limit to my original card will be my only play. (I don't want to end up having a ton of cards, I'm thinking 5 total, so hanging onto the chase cards may not be for me I would rather have 1 card with a high limit over 5 cards with the limits spread across them. And honestly, it shouldn't matter to chase either. Whether they give me 50k all on 1 card, or 10k on 5 different cards. They are still extending 50k credit line. And then they don't have to worry about paying out the sign up bonuses, or worry about me having 5 flex's all with different categories, giving me 1 larger limit card will save them money.
Chase Amazon. 2Ksl 5K cl I asked or it was auto. Don't remember. Then they auto increased it to 22k. Don't think I ever asked for a Cli, but I don't remember.
it is SP now I asked a bit ago for a Cli to 25k no bueno.
