It can be done via SM as well.
@Anonymous wrote:
~$6,000 on the Southwest Card.
Be very careful with that. 6,000/6,500 is 92% and that's maxed. Get that down ASAP.
@Anonymous wrote:
Now, with the Amex card, I'm planning to try out the whole 3X CLI thing after 60 days, but I'm wondering if it's worth trying to get a CLI on the Slate card before then.
Worth is always highly subjective but you may want to take a few things into consideration to assess whether or not you think it would be worthwhile. CLI's are based on what your credit and income qualify for. The $2K limit is a sign that they have concerns with your credit. The 92% utilization on the SW card and the high utilization on the REI card are likely to be significant factors. Additionally, few seem to get customer initiated CLI's with Chase. I wouldn't recommending counting on a CLI.
For the AmEx, don't just rely on X days. Get things in order and then request the CLI. CLI's are not just exchanged for time.
@Anonymous wrote:
Now, with the Amex card, I'm planning to try out the whole 3X CLI thing after 60 days, but I'm wondering if it's worth trying to get a CLI on the Slate card before then.
Worth is always highly subjective. CLI's are based on what your credit and income qualify for. The $2K limit is a sign that they have concerns with your credit. The 92% utilization on the SW card and the high utilization on the REI card are likely to be significant factors. Additionally, few seem to get customer initiated CLI's with Chase. I wouldn't recommending counting on a CLI.
This is an old anecdotal example that I've posted before but here goes again: Back before I started reading up on credit I had over 60% utilization. It may have been higher but I wasn't really paying attention at the time and when I started to track these things it was at 60%. At that time Chase would only approve me for a $2K Slate with the highest APR offered. Needless to say, it wasn't very useful to me as a BT card.
6 months later I had my revolving utilization well under 10%. Chase then instantly approved 2 cards with $25K limits each. Cards with ranges were then approved at the lowest APR. I'm not using this example to say that your credit would qualify for high limits or low APR's like that if you dropped your utilization. I'm just demonstating how constricting high utilization can be.
@Anonymous wrote:
but I'm wondering if I've maybe got too many inquiries now to be approved a CLI.
Inquiries are a relative small factor but they can have a bigger impact for thin and/or poor profiles. If you get cited for inquiries then there are other concerns with your credit. Again, the maxed card and the high utilization card are some obvious red flags. We don't really have the details regarding the rest of your credit profile so there may be other concerns as well.
