Justifying a credit line increase

[masscredit]

Many of us would like the highest credit line that we can get but... does there come a point when the CC company can't really justify giving one. Not because of income. Mainly because of useage. For example, you might have a $10k CL but only use about $1k per month. Do they look at it like why increase it when your not even using half of what you currently have? 

[vpae]

Depends on the bank I think. Eventually, yes, I'm sure that's a reason not to extend any more credit.

I know Capital one has denied me a CLI before due to lack of usage on their card. But then eventually they gave me a CLI anyway. *shrug*

Most of the SP CLI banks have given me increases with very little usage.

Thou I think I'm more likely to be denied CLI for total, overall CL, extended across all banks than not enough usage on one card.

[Anonymous]

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@vpae wrote:

Depends on the bank I think. Eventually, yes, I'm sure that's a reason not to extend any more credit.

I know Capital one has denied me a CLI before due to lack of usage on their card. But then eventually they gave me a CLI anyway. *shrug*

Most of the SP CLI banks have given me increases with very little usage.

Thou I think I'm more likely to be denied CLI for total, overall CL, extended across all banks than not enough usage on one card.

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CapitalOne has been giving me that excuse.

[TruBlu]

How is Chase in giving out CLIs when you run relatively low balances compares to the CL?

[B335is]

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@TruBlu wrote:
How is Chase in giving out CLIs when you run relatively low balances compares to the CL?

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Nonexistent.  You need to push a lot of money through Chase cards to get an auto-CLI.

[Anonymous]

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@B335is wrote:

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@TruBlu wrote:
How is Chase in giving out CLIs when you run relatively low balances compares to the CL?

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Nonexistent.  You need to push a lot of money through Chase cards to get an auto-CLI.

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So let's say I was pushing 60% of my CL and PIF.. Enough?

[Burned2manybridgesB4]

Jeez....

I've only been pushing 1100 out of 13k on the CSP.

4th statement hit coming up in a little over a week. I'm betting on autolove.

[B335is]

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@Anonymous wrote:

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@B335is wrote:

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@TruBlu wrote:
How is Chase in giving out CLIs when you run relatively low balances compares to the CL?

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Nonexistent.  You need to push a lot of money through Chase cards to get an auto-CLI.

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So let's say I was pushing 60% of my CL and PIF.. Enough?

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Possibly even higher and making multiple payments throughout the month for better chances.  

[lg8302ch]

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@Anonymous wrote:

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@B335is wrote:

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@TruBlu wrote:
How is Chase in giving out CLIs when you run relatively low balances compares to the CL?

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Nonexistent.  You need to push a lot of money through Chase cards to get an auto-CLI.

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So let's say I was pushing 60% of my CL and PIF.. Enough?

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For Chase I have applied a different strategy myself. The only time I tried to get a CLI  on my Freedom I got hit with a double pull on EX/EQ and all they gave me was 500$    So I decided to go for a new account and got 16K and simply moved over 1K to the Freedom. This example showed me that I would rather take a new card (Chase has soooo many nice and useful cards) rather than trying to get a baby CLI for a double pull. For me definitely new accounts get better results with Chase.

[Anonymous]

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@B335is wrote:

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@Anonymous wrote:

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@B335is wrote:

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@TruBlu wrote:
How is Chase in giving out CLIs when you run relatively low balances compares to the CL?

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Nonexistent.  You need to push a lot of money through Chase cards to get an auto-CLI.

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So let's say I was pushing 60% of my CL and PIF.. Enough?

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Possibly even higher and making multiple payments throughout the month for better chances.  

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Well then! If 40K/yr+ spend isn't enough then I'll take my spend back over to Discover and try for a premium plus once the wife's CSP minimum spend is met.