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Seems like Chase auto CLIs are as rare as a Bigfoot sighting. Chase seems to be CLI request and HP either over the phone or in-branch. Although I'm sure it may be different for big-dollar clients with a personal banker.
Yep, that's what I am thinking. I will just have to wait it out and see what happens. I definitely have no interest in requesting. It just makes no sense that they have the offer every time I log in for CSP with a starting 28k limit but won't give me 10k for the Freedom Unlimited without request. I'll never figure out these banks, lol!
@Anonymous wrote:Seems like Chase auto CLIs are as rare as a Bigfoot sighting. Chase seems to be CLI request and HP either over the phone or in-branch. Although I'm sure it may be different for big-dollar clients with a personal banker.
I suggest you just ask them for a CLI, and take the HP, or two if two bureaus.
Chase is not likely to give you another CLI, unless you are pushing this existing limit. That is not even certain they would respond with a CLI, leading to wasting your time guessing.
Your scores are nearly 850. You will take a short term loss of a few points that will never result in any different results for credit you would apply for in the next year. And it sounds like you do not plan to apply for anything, in which case...
Score. Does. Not. Matter.
And by taking this HP, you also avoid any New Card scoring penalties.
GL
eta: If you wait for an auto CLI, likely they add another $2k or so. Request a CLI, and you are more likely to get to $20k as your credit line.
This is true...I have never turned my mindset off from when I was rebuilding my credit. I think I have "no hard pulls" embedded in my brain. I may give it a shot when things simmer down. Thanks for responding.
@NRB525 wrote:I suggest you just ask them for a CLI, and take the HP, or two if two bureaus.
Chase is not likely to give you another CLI, unless you are pushing this existing limit. That is not even certain they would respond with a CLI, leading to wasting your time guessing.
Your scores are nearly 850. You will take a short term loss of a few points that will never result in any different results for credit you would apply for in the next year. And it sounds like you do not plan to apply for anything, in which case...
Score. Does. Not. Matter.
And by taking this HP, you also avoid any New Card scoring penalties.
GL
One option is to apply for a new Chase card and after a year, move the CL from the new card over to your existing card and close the new card. You take a small hit to your scores but achieve what you are looking for. That's if the HP CLI doesn't work well enough.
Thanks for the 2nd option. I didn’t even know you could move over the credit line. At least now I have some ideas. I appreciate it.
@Anonymous wrote:One option is to apply for a new Chase card and after a year, move the CL from the new card over to your existing card and close the new card. You take a small hit to your scores but achieve what you are looking for. That's if the HP CLI doesn't work well enough.
I can't this is "how it works" but I can share my experiences. I've had many chase cards over the years and did notice a trend on what triggered auto CLIs.
when id use a card and spend at minimum 70% of its limit in a single month, let it post as a statement balance, pay it off in a single payment, and do it for 3 months in a row, I'd get an auto CLI. As mentioned upthread they range in the $1,500-$2,500 range, but they would trigger. I HAD to let the balance post as a statement balance and make one large payment to cover it - 3 times in a row. When I didn't let it post or pay it in one chunk, it would "reset my clock".
now with the current climate this may have been adjusted but this has always triggered auto CLIs on my chase accounts, personal and business.
limit is 5k, I'd need to hit $3.5k and pay it three months in a row. It would bump up to $7k, then I'd do it again but have to increase the spend to $4.9k. You do take a hit for the high utilization, but I'd pay it days after it posted and luckily chase will reported updated balances if you do it within a week of the statement. Score would drop, and pop right back up.
YMMV, but this has worked on at least 5 of the 8 cards I've had from them. Hope this helps
Very good info....thank you for sharing your experience. I figure it’s something they are looking for. I never did the three in a row but one month I let my work travel expenses post to see what would happen. I thought maybe because I pay before statement closing they just didn’t see the need to give me more credit or they don’t like what I already have. That’s definitely another option.
@credit_is_crack wrote:I can't this is "how it works" but I can share my experiences. I've had many chase cards over the years and did notice a trend on what triggered auto CLIs.
when id use a card and spend at minimum 70% of its limit in a single month, let it post as a statement balance, pay it off in a single payment, and do it for 3 months in a row, I'd get an auto CLI. As mentioned upthread they range in the $1,500-$2,500 range, but they would trigger. I HAD to let the balance post as a statement balance and make one large payment to cover it - 3 times in a row. When I didn't let it post or pay it in one chunk, it would "reset my clock".
now with the current climate this may have been adjusted but this has always triggered auto CLIs on my chase accounts, personal and business.
limit is 5k, I'd need to hit $3.5k and pay it three months in a row. It would bump up to $7k, then I'd do it again but have to increase the spend to $4.9k. You do take a hit for the high utilization, but I'd pay it days after it posted and luckily chase will reported updated balances if you do it within a week of the statement. Score would drop, and pop right back up.
YMMV, but this has worked on at least 5 of the 8 cards I've had from them. Hope this helps
@Tonya-E wrote:Thanks for the 2nd option. I didn’t even know you could move over the credit line. At least now I have some ideas. I appreciate it.
@Anonymous wrote:One option is to apply for a new Chase card and after a year, move the CL from the new card over to your existing card and close the new card. You take a small hit to your scores but achieve what you are looking for. That's if the HP CLI doesn't work well enough.
Yes, Chase is good about letting you move limits among multiple cards. I've done it several times to adjust to my spending as well as to accommodate a 0% BT.