chase freedom cli request after card approval

[percy81]

Hello everyone. I just applied for a Chase freedom card last night with an instant approval. The CL was for only 1500 and a Apr of 22.9%. My TU is 753 and EQ is 722 with NOT one single late payment EVER and $0 balance on my two only other cards and a car loan close to being paid off. Although, I do have a relatively short credit history of 5 years (30 years old) that being the only not so great thing on my report I felt the need to use the backdoor number found on this site and give it a try. I was really nervous sounding greedy calling Sooo soon after getting approved but did it any way. The lady I spoke to was tough and interrogated me and said that they gave me a very good CL based on my limits on my other cards ( capital1 platinum 1,000 kohls 700) that she felt they were being generous. So I explained to her that I opened those accounts when I was freshly starting my mission to build my credit and that I will soon be calling them afterwards also. She asked what I was wanting and I said at the very least 3k ( was too nervous to ask for more) anyways, she told me it will be sent for review and notice will arrive around the time my card should arrive. Now based on your experience or knowledge would you say that it sounds like I was denied or approved for the increase and if so what are my chances for getting the amount asked for or more? I'm kind of nervous that I pissed them off for being greedy to where they will decrease my limit instead of increase.She asked why I wanted the increase and I said that I'm planning on looking for a good mortgage rate next year to buy a home and mortgage companies like to see larger lines of available credit. I told her I use my cards a lot and either pay way more than minimum due or pay in full altogether. So did I screw myself more or do you see something good happening? Thanks in advance and I'm sorry for such a long message just want the details to match my question more!

[Cdnewmanpac]

First, a lot more goes into a credit limit than just scores: income, dti, employment history, etc. I think your request for CLI on your newest card, which is already your highest limit is likely to get denied, but they aren't going to punish you for asking. If denied, use the card responsibly for 6 months and then ask again.

[percy81]

Dti, available credit 3200 with zero balance and auto loan with only 6,000.00 left to pay and 5 years employment at current job and total income of 75,000.00

[percy81]

75,000 annually NOT monthly incase I worded it wrong.

[Anonymous]

I think this is a clear case of higher limits begetting higher limits.

I got a freedom in November 2011 with a 3k limit.

Looking at the cards and limits I had at application time and averaging them makes some sense of my new chase CL...

BARNEYS OF NEW YORK	$1,000
CITI	$4,000
AMAZON	$2,000
CARE CREDIT	$1,800
LOWES	$1,500
WALMART	$1,100
JARED	$5,100
TARGET	$200
USAA	$6,000
Average CL	$2,522

 You're results seem similar and not out of line... I wish I didn't have some of those lower limit cards..The redcard specifically.

Although, when I do the math with my current usaa limit and omit the target card my average is only ~$3500 so who knows... I've also had a high balance of $10,600 on my amex but I don't think that played into it at all.

[percy81]

* UPDATE: Chase approved my request and doubled my credit limit!!!   Thanks for the input everyone. Also my score for equifax went down 10 points for the inquiry for anyone curious. 

[RyVision]

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@lisamar81 wrote:

* UPDATE: Chase approved my request and doubled my credit limit!!!   Thanks for the input everyone. Also my score for equifax went down 10 points for the inquiry for anyone curious. 

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CONGRATS ON THE CARD AND CLI!!

Having some experience with Chase, they can be conservative (and flakey when it came to the crunch of a couple years ago).  To get that CLI with the 2 cards I saw you had listed was a real accomplishment!

[percy81]

Thank you,  ALOT of hard work it has taken.