chase cli question

[mfinsmi1]

Does 5/24 apply to credit limit requests? Im wondering if me being over 5/24 will result in an immediate denial if i request a hard pull cli 

[OmarGB9]

I believe it impacts CLIs as well, yes.

[Jordan23ww]

As far as I can tell being over 5/24 does affect limit increases. I don't know this for a fact, but I've heard that it does from people on various credit forums like this one. Also in the past 3 years that I was over 5/24 I have yet to get any automatic limit increases on my card or my wife's Amazon Prime card issued by Chase (even when so many others were getting automatically increased).  I just recently dropped below 5/24 November 2022 so only time will tell.

[nytokyobred79]

I'd agree with what has been posted up above. There's definitely the possibility that it may be one of the reasons to deny a cli request initiated from your side. I'm not certain if high spending habits and profile can force the algorithm to do an auto-cli. There could be more potential there unless the 5/24 rule is embedded into the criteria for auto-cli's. I suppose you can test it out for science if you're ok with the hp. Otherwise, a sp cli offer may not come until you're under 5/24. I know that I haven't seen any for myself but then, I haven't been under 5/24 since the sp cli button appeared. 

Good Luck regardless. 

[Credit12Fico]

I received an automatic CLI last month on a Chase card, while being above 5/24.

[nytokyobred79]

Oh, that's great. Awesome. 
Had you been putting heavy spend over time or that particular month? Then pay a big chunk?

[mfinsmi1]

@Credit12Fico yes please inform us how ur spend was.... i recently put thru a promotional balance transfer to max out the card my plan is to let it post and pay it off when the statement cuts... hoping thatll push them to do an auto cli .. i would call and request it but im just afraid im gonna waste a bunch of hard pulls and itll be a waste of time sicne i have a bunch of new accounts in the past 2 years

[nytokyobred79]

Good luck with your BT and hopefully, it leads to a nice auto cli after you've paid it down. I'm doing something similar with BofA( not close to max'ing out the limit but I think I'll put about 50% of limit on the card, then pay). But I'm keen to see how your Chase experience goes 😀

[Credit12Fico]

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@mfinsmi1 wrote:

@Credit12Fico yes please inform us how ur spend was.... i recently put thru a promotional balance transfer to max out the card my plan is to let it post and pay it off when the statement cuts... hoping thatll push them to do an auto cli .. i would call and request it but im just afraid im gonna waste a bunch of hard pulls and itll be a waste of time sicne i have a bunch of new accounts in the past 2 years

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The only thing that I did which was out of the ordinary was let a balance post on the statement in December. 35% of the credit line roughly.  I normally always pay to 0 before the statement closes but my bill pay was late that month so it didn't make it in time.  This card hadn't seen a CLI since 2018.

So then a month later, I got a notification in the app about the auto-cli, 5K increase. 

[mfinsmi1]

@Credit12Fico im planning to follow your lead and let my balance post this month - wish me luck LOL