Need new strategy to trigger auto CLI with Chase

[imaximous]

Here's the deal. I've had my Chase Amazon since March 2017 and FU for just over a week. Both have annoying $500 CLs. Both got denied first, and then approved with recon. CSP also got denied and failed again in epic recon.

With the Amazon card, I was charging a good amount right up to the $500 limit, paying down, charging again, and paying off before statement cut. I kept doing that for months till now, and not a penny CLI from Chase. 

So now, I'm thinking of doing the opposite, that is, maxing out completely both cards and PIF but after the statement is generated, so basically, I'll have a utilization of nearly 100% month after month to see what happens. 

I have over $100k in individual credit, where most cards are at $10k or more and up to $33k highest TL. If I count the cards where I'm an AU with my wife, then easily over $200 - $250k in credit. So my total utilization will always stay at less than 3 - 5%.

Do you think this strategy may get me a CLI with Chase?

How badly can this affect my score and perception from the other banks? I don't want to trigger an alert that may cause CLDs from them because I'm maxing out $500 limits. 

Thoughts?

[toadsworth]

You'll take a score hit from letting 90%+ util report on a card. Heck, I took a score hit today from letting utilization on one of my accounts increase from 8% to 11%. I recall having a 20 point drop from going 12% util to 33% on a single card, and that was with my total overall utilization still under 9%. Be careful.

[Anonymous]

ABCD did a little research about Chase auto CLI a while  back. The Chase INK and one other were the most likely to get auto CLI. We got a CLI on our Chase INk $13K limit to start after charging  over $4K one month and paying it down all but $1K before statement and paid then the $1K shortly after statement dropped. It just popped up one morning.

[Anonymous]

Lots of swipes per month and PIF. They love swipe fees. At least for me it got me an auto increase after six months. 2k to 4K. I only spent $200 to $300 per month and only used the bonus categories.

[imaximous]

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wrote:

You'll take a score hit from letting 90%+ util report on a card. Heck, I took a score hit today from letting utilization on one of my accounts increase from 8% to 11%. I recall having a 20 point drop from going 12% util to 33% on a single card, and that was with my total overall utilization still under 9%. Be careful.

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Thanks for sharing that data. I was afraid that could happen because of the high utilization, but I figured what bank is going to care about 500 bucks.

I don't think my credit dropped that much when I totally maxed out my Lowe's card. I applied in store and got a $5k SL, so I charged $5k on it that same night, and the balance on a different card. The reason was a 24 month interest free promo, so I was paying $200 a month on it for a few months till I started seeing CLIs. Now it's at almost $10k CL and I haven't charged a penny since that $5k purchase just about a year ago, and I still owe like $2k. I don't pay it off because it's free money.

I recently applied for a few cards and based on the approval letters, my TU is 752 and EX is 751. I'll find out what EQ is this week when I get the letter from my last approval.

A part of me just says, F*** Chase, but I'm making it my goal to get them to open up to me again. 

[imaximous]

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wrote:

ABCD did a little research about Chase auto CLI a while  back. The Chase INK and one other were the most likely to get auto CLI. We got a CLI on our Chase INk $13K limit to start after charging  over $4K one month and paying it down all but $1K before statement and paid then the $1K shortly after statement dropped. It just popped up one morning.

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I think people like me, who get $500 SLs out of pure pity from the analysts, are put in a pool where no one gets CLIs without actually requesting, and then begging during recon.

[imaximous]

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wrote:

Lots of swipes per month and PIF. They love swipe fees. At least for me it got me an auto increase after six months. 2k to 4K. I only spent $200 to $300 per month and only used the bonus categories.

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That's what I was doing with the Amazon card, and I had to pay it down several times a month some times to be able to use it again. I got nothing from them. $500 barely covers my gas/electric bill.

[Anonymous]

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wrote:

Here's the deal. I've had my Chase Amazon since March 2017 and FU for just over a week. Both have annoying $500 CLs. Both got denied first, and then approved with recon. CSP also got denied and failed again in epic recon.

With the Amazon card, I was charging a good amount right up to the $500 limit, paying down, charging again, and paying off before statement cut. I kept doing that for months till now, and not a penny CLI from Chase. 

So now, I'm thinking of doing the opposite, that is, maxing out completely both cards and PIF but after the statement is generated, so basically, I'll have a utilization of nearly 100% month after month to see what happens. 

I have over $100k in individual credit, where most cards are at $10k or more and up to $33k highest TL. If I count the cards where I'm an AU with my wife, then easily over $200 - $250k in credit. So my total utilization will always stay at less than 3 - 5%.

Do you think this strategy may get me a CLI with Chase?

How badly can this affect my score and perception from the other banks? I don't want to trigger an alert that may cause CLDs from them because I'm maxing out $500 limits. 

Thoughts?

---

Need a little more info about your credit profile to help define a strategy.

1.) Did you burn Chase in your BK7 from 2011? If so, approx how much?

2.) Is the BK7 Still showing on your EX/EQ/TU Reports?

3.) What are your current FICO 8''s and what is your EQ FICO 5?

4.) Approx Individual & Household Income

5.) INQs EX/EQ/TU 

• Last 12 mths
• Last 24 mths

6.) New Accounts in last 12/24 months

7.) Any other baddies on your reports

[imaximous]

---

---

Need a little more info about your credit profile to help define a strategy.

1.) Did you burn Chase in your BK7 from 2011? If so, approx how much?

2.) Is the BK7 Still showing on your EX/EQ/TU Reports?

3.) What are your current FICO 8''s and what is your EQ FICO 5?

4.) Approx Individual & Household Income

5.) INQs EX/EQ/TU 

• Last 12 mths
• Last 24 mths

6.) New Accounts in last 12/24 months

7.) Any other baddies on your reports

---

1. Yes. Not sure exact amount. A few thousand.

2. Yes.

3. Score is 751 EX as per denial letters from Chase

4. North of 100k

5. Ex:11 / TU: 9 / EQ: 5

6. 7

7. Spotless since BK

[SouthJamaica]

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wrote:

Here's the deal. I've had my Chase Amazon since March 2017 and FU for just over a week. Both have annoying $500 CLs. Both got denied first, and then approved with recon. CSP also got denied and failed again in epic recon.

With the Amazon card, I was charging a good amount right up to the $500 limit, paying down, charging again, and paying off before statement cut. I kept doing that for months till now, and not a penny CLI from Chase. 

So now, I'm thinking of doing the opposite, that is, maxing out completely both cards and PIF but after the statement is generated, so basically, I'll have a utilization of nearly 100% month after month to see what happens. 

I have over $100k in individual credit, where most cards are at $10k or more and up to $33k highest TL. If I count the cards where I'm an AU with my wife, then easily over $200 - $250k in credit. So my total utilization will always stay at less than 3 - 5%.

Do you think this strategy may get me a CLI with Chase?

How badly can this affect my score and perception from the other banks? I don't want to trigger an alert that may cause CLDs from them because I'm maxing out $500 limits. 

Thoughts?

---

Maxing out your cards will wreck your FICO scores.