Need new strategy to trigger auto CLI with Chase

[Anonymous]

Chase CLI’s aren’t subject to the 5/24 rule directly, but the # of new accounts in last 12m and 24m does play a role in approving a CLI requests. Again, in your case, that is far second to that long BK7 memory Chase has. There are stories all over myfico from members who have tried repeatedly to get back in and have been turned down every time.

They’ve given you not one BUT two cards to demonstrate good behavior. Use the hell out of them, pay them to $0 balance multiple times in cycle. Chase loves in cycle payoffs. Regardless of the limits, the multiple in cycle payoffs will raise your internal score with them. That internal scoring will be the primary factor in future approvals. The reality is those two cards probably won’t ever be approved for any type of CLI.

In May of 2016 I squeaked in with a bare minimum $5k CSP. Got an Auto CLI to $10k after 3rd statement. Oct 2016 my Chase Ritz was approved with a $20k SL and then got the CSP bumped to $20k too following the same advice I’m relaying to you. I’ve spent hours on the phone with Chase Credit Analysts over the last 2+ years asking random questions just gleaning info.

By the time you are under 5/24 your approval on a CSP or other Chase product with a nice starting limit should be a cake walk.

[iced]

In your case, this is a risky move. You’re clearly already in borderline rejection territory with Chase and a sudden score drop and/or maxing a card may be just the excuse for them to AA and/or shut you out.

If you really need a CLI, roll the dice with a HP. It’s the most direct and reliable “strategy” there is to getting one. Trying to game the system isn’t a winning strategy with Chase and auto CLIs from them are rare and inconsistent.

[imaximous]

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wrote:
Chase CLI’s aren’t subject to the 5/24 rule directly, but the # of new accounts in last 12m and 24m does play a role in approving a CLI requests. Again, in your case, that is far second to that long BK7 memory Chase has. There are stories all over myfico from members who have tried repeatedly to get back in and have been turned down every time.

They’ve given you not one BUT two cards to demonstrate good behavior. Use the hell out of them, pay them to $0 balance multiple times in cycle. Chase loves in cycle payoffs. Regardless of the limits, the multiple in cycle payoffs will raise your internal score with them. That internal scoring will be the primary factor in future approvals. The reality is those two cards probably won’t ever be approved for any type of CLI.

In May of 2016 I squeaked in with a bare minimum $5k CSP. Got an Auto CLI to $10k after 3rd statement. Oct 2016 my Chase Ritz was approved with a $20k SL and then got the CSP bumped to $20k too following the same advice I’m relaying to you. I’ve spent hours on the phone with Chase Credit Analysts over the last 2+ years asking random questions just gleaning info.

By the time you are under 5/24 your approval on a CSP or other Chase product with a nice starting limit should be a cake walk.

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Thanks for the insight. I've been reading from lots of people that you're lucky to get a card with Chase after burning them in BK. So I'm definitely grateful for the 2 cards. I'll take your advice and not poke the bear or raise any flags by maxing out the cards on purpose just to prove a theory. We've got plenty of credit already so I think I need to stop obsessing about this, and remember that I did screw them years ago.

[Anonymous]

@Iced if the OP is has virtually no other usage on his other TL’s (as his original post noted) it would be extraordinarily rare for Chase to AA him if the account were to cycle with a high balance here or there after he’s already paid the card off in full in the cycle 2 or more times.

With the OP’s high number of new accounts in the last 12/24 months and having burned Chase in his BK7 a HP CLI request is probably a wasted HP or worse an invitation for them to AA him based credit seeking behavior.

[imaximous]

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wrote:
In your case, this is a risky move. You’re clearly already in borderline rejection territory with Chase and a sudden score drop and/or maxing a card may be just the excuse for them to AA and/or shut you out.

If you really need a CLI, roll the dice with a HP. It’s the most direct and reliable “strategy” there is to getting one. Trying to game the system isn’t a winning strategy with Chase and auto CLIs from them are rare and inconsistent.

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Yeah, maxing them out on purpose is most likely a bad idea if I just got back in. I tried the other way and it wasn't working so I was thinking of a different plan.

I don't really need the CLI, but it'd be convenient so I don't have to pay down to use it again, or for any purchases over $500. I could use any other card, but I'm trying to grow the Chase cards.

[Anonymous]

@imaximous just to be clear, if your long term goal is to get back in good with Chase and get a CSP/CSR or other premium card with a high limit. Then you need to be running a TON of usage through your two $500 limit cards.

If you’ve put $1500 through the card and paid it off 2x’s already in the cycle, they’re probably not going to bat an eye if it cycles maxed out. That being said, the better route is to just make sure it’s always paid down to $0 before the statement cycles.

Every time you pay those cards off to $0 in cycle is another check in the “Good” column for Chase. The rewards of high CLI’s probably won’t come on these cards. They’ll come on a future CSP/CSR/Ritz card in the form a great SL.

[imaximous]

@cashcorp1 my goal is definitely to be more than just in good graces with Chase on my own. I got all the cards already but as an AU with my wife. Do I need to do this? Nah. I already get the rewards, but this is like my kryptonite and I want to fix it.

I was charging quite a bit on the Amazon card before I applied for the CSP and FU. The CSP recon felt like it just needed an extra poke, and I would've got it. I could tell the guy was really trying to give it to me. Previously, I'd been shot down in one sentence, "there won't be any reconsideration for you anytime soon." Boom... Way to destroy a guy's ego, haha. I didn't know if I wanted to cry or laugh.

I got the FU a week ago and it's already maxed out. But that wasn't hard to do when my electric and gas bill was $497. So now, I'll pay it and charge again and again and again...

[Anonymous]

The Recon Analysts probably did want to give it to you. Almost guarantee that the system said “Can Not Approve, Chase Account Charge Off in Ch7 Bk” “Less than 8yrs” ...this seems to be the time frame for Chase’s BK memory and the system probably spit out the same thing with the attempted over-ride. That min credit line on the CSP of $5k they just don’t want to do as long as the system remembers the BK. You got the FU bc of the history with the Amazon Visa and it’s bc min limit is the $500. Again, the garden should be your home until your under 5/24 again. I fully expect of PM & to see big approval post once you get that CSP with a ridiculously high SL!

[imaximous]

I'm not sure about a "ridiculously high SL" haha, but I'll be ok with an increase on the current cards and getting the CSP. Then eventually get the CSR by PC. 

[arkane]

This is probably obvious but if you're looking to buy a big ticket item on Amazon, just keep buying $500 Amazon GCs with your Amazon Visa and pay it off mid-cycle. Repeat a few times until you hit the desired amount you want.