Mar 1, 2014, 10:08 am
Last edit by: MDtR-Chicago
This thread is for Chase CLI experiences and questions ONLY. For other card issuers, see this thread:
Credit Limit Increase / CLI - Experiences and Questions [2013-]
Credit Limit Increase / CLI - Experiences and Questions [2013-]
Chase Credit line increases / CLI [Consolidated]
Jul 22, 2014, 2:14 pm
#78
Join Date: Feb 2013
Location: NYC
Programs: UA 1K, AA EP, Hyatt Diamond, SPG Platinum, M life Noir
Posts: 1,279
Jul 22, 2014, 2:15 pm
#79
Join Date: Mar 2014
Posts: 279
hey guys
i have an Ink Plus with a 5k limit, I had secure messaged Chase to see if I could move some of my CSP limit over to it but that was not possible- they don't permit personal to business CL transfers apparently.
Does anyone have any info on their experience with a CLI on Ink Plus? I would be happy to reduce my CSP CL if needed, but I don't even see a link on the site to request a CLI.
any info is appreciated.
thanks all
i have an Ink Plus with a 5k limit, I had secure messaged Chase to see if I could move some of my CSP limit over to it but that was not possible- they don't permit personal to business CL transfers apparently.
Does anyone have any info on their experience with a CLI on Ink Plus? I would be happy to reduce my CSP CL if needed, but I don't even see a link on the site to request a CLI.
any info is appreciated.
thanks all
Not sure why they could not do that for you now.
Jul 22, 2014, 2:36 pm
#80
Join Date: Sep 2011
Location: UK
Posts: 223
thanks everyone, appreciate the info.
Jul 24, 2014, 11:40 am
#81
Join Date: Mar 2010
Posts: 1,173
I surprised that you got them to do that....I always thought that Business cards and personal cards are separate divisions and are totally independent with regards to offers and CL.
Aug 29, 2015, 7:39 pm
#82
Join Date: Aug 2015
Posts: 1
[QUOTE=mtftw;20916399]I disagree - my Freedom has had 3x automatic increases since I first received it in 2011.
April 2011 - $500 (first credit card in my name)
October 2011 -$750 - without asking
April 2012 - $1500 - without asking
May 2012 - $10,000 - at my request (to date my largest single CLI)
April 2013 - $12,500 - without asking
Worth noting is that this was my only Chase card from April 2011 until June 2012. My combined exposure is now at 4 cards with a total CL of $39,000. It's also worth noting my income has doubled in that timeframe...so that
I find it hard to believe the increases you received in only two years with them. Especially at the starting credit limit but I will not say you are lying. I just find it really hard to believe. Unless you have a Fico score of over 800 and high limits on your other cards. I just never heard of that before.
You're income has nothing to do with the decision or it's a minor influence. Anyone can state they make double what they actually earn. It's all computerized. In my experience after the last recession. Banks are obviously still extra careful with giving big limits. It was easier before the recession. Chase is the worst, they won't do automatic limits and I know this because I have friends that tell me the same with scores around mine. I have a average fico score of 770. Every other banks besides Chase has increased me automatically every 6 months at my request without calling them. Chase is the only exception. Maybe it's because I don't use the card much as it has terrible rewards and only 1% back. I would like to actually just close it but that will hurt my score. I was thinking of closing it and opening a AMEX card that has a lot more to offer. It's tricky with the Fico calculations. You really don't know whats going on behind the curtain.
April 2011 - $500 (first credit card in my name)
October 2011 -$750 - without asking
April 2012 - $1500 - without asking
May 2012 - $10,000 - at my request (to date my largest single CLI)
April 2013 - $12,500 - without asking
Worth noting is that this was my only Chase card from April 2011 until June 2012. My combined exposure is now at 4 cards with a total CL of $39,000. It's also worth noting my income has doubled in that timeframe...so that
I find it hard to believe the increases you received in only two years with them. Especially at the starting credit limit but I will not say you are lying. I just find it really hard to believe. Unless you have a Fico score of over 800 and high limits on your other cards. I just never heard of that before.
You're income has nothing to do with the decision or it's a minor influence. Anyone can state they make double what they actually earn. It's all computerized. In my experience after the last recession. Banks are obviously still extra careful with giving big limits. It was easier before the recession. Chase is the worst, they won't do automatic limits and I know this because I have friends that tell me the same with scores around mine. I have a average fico score of 770. Every other banks besides Chase has increased me automatically every 6 months at my request without calling them. Chase is the only exception. Maybe it's because I don't use the card much as it has terrible rewards and only 1% back. I would like to actually just close it but that will hurt my score. I was thinking of closing it and opening a AMEX card that has a lot more to offer. It's tricky with the Fico calculations. You really don't know whats going on behind the curtain.
Oct 9, 2015, 3:51 pm
#84
Join Date: Mar 2009
Location: NYC/SFO
Programs: AA/AS/UA; Bonvoy
Posts: 282
Hard pull for credit line increase?
I had an interesting conversation on the phone with Chase today - I had called to see if they would increase the credit limit on my CSP, and was told that they would have to do a hard pull in order to do it. I spoke to a supervisor because it seemed quite odd, and she confirmed the policy and said there was no way around it.
Has anyone else had this experience? It seems bizarre to me that they'd have to do a hard pull to process a simple limit increase request. I have stellar credit (including a perfect payment history across all my cards) and I typically hit at least 50% utilization on my CSP, so I'm surprised that they're disincentivizing me from seeking a higher limit.
Either way, an unnecessarily annoying policy.
Has anyone else had this experience? It seems bizarre to me that they'd have to do a hard pull to process a simple limit increase request. I have stellar credit (including a perfect payment history across all my cards) and I typically hit at least 50% utilization on my CSP, so I'm surprised that they're disincentivizing me from seeking a higher limit.
Either way, an unnecessarily annoying policy.
Oct 9, 2015, 6:04 pm
#85
Moderator
Join Date: Jun 2003
Location: Miami, Mpls & London
Programs: AA & Marriott Perpetual Platinum; DL & HH Gold
Posts: 48,954
Why do you need a higher limit? This card is a VISA Signature product, with no preset spending limit. You can exceed the stated limit without any penalty, provided you pay off the full amount of the overage in the following cycle.
Oct 9, 2015, 7:44 pm
#86
Join Date: Feb 2010
Location: ORD
Programs: UA 1K
Posts: 4,216
I had an interesting conversation on the phone with Chase today - I had called to see if they would increase the credit limit on my CSP, and was told that they would have to do a hard pull in order to do it. I spoke to a supervisor because it seemed quite odd, and she confirmed the policy and said there was no way around it.
Has anyone else had this experience? It seems bizarre to me that they'd have to do a hard pull to process a simple limit increase request. I have stellar credit (including a perfect payment history across all my cards) and I typically hit at least 50% utilization on my CSP, so I'm surprised that they're disincentivizing me from seeking a higher limit.
Either way, an unnecessarily annoying policy.
Has anyone else had this experience? It seems bizarre to me that they'd have to do a hard pull to process a simple limit increase request. I have stellar credit (including a perfect payment history across all my cards) and I typically hit at least 50% utilization on my CSP, so I'm surprised that they're disincentivizing me from seeking a higher limit.
Either way, an unnecessarily annoying policy.
Oct 10, 2015, 2:25 am
#87
Join Date: Sep 2015
Posts: 576
Its possible but i think it goes by your relationship with Chase.
got a freedom card @ $2,000 limit. They actually called me for a CLI. Got it up to $3,000. few month later, it double to $6,000.
I called in to CLI to $10k, said it requires a Hard Pull, was approved. My credit report never took a hard pull... so YMMV.
got a freedom card @ $2,000 limit. They actually called me for a CLI. Got it up to $3,000. few month later, it double to $6,000.
I called in to CLI to $10k, said it requires a Hard Pull, was approved. My credit report never took a hard pull... so YMMV.
Oct 13, 2015, 8:58 am
#88
Join Date: Jul 2013
Posts: 384
Nothing odd about it. Many creditors require a hard pull for a customer initiated CLI. Chase is one of them.
Dec 1, 2015, 3:56 pm
#89
Join Date: Mar 2000
Posts: 5,651
Just a question: no hard pull on any of the major 3 credit bureaus ?:
Its possible but i think it goes by your relationship with Chase.
got a freedom card @ $2,000 limit. They actually called me for a CLI. Got it up to $3,000. few month later, it double to $6,000.
I called in to CLI to $10k, said it requires a Hard Pull, was approved. My credit report never took a hard pull... so YMMV.
got a freedom card @ $2,000 limit. They actually called me for a CLI. Got it up to $3,000. few month later, it double to $6,000.
I called in to CLI to $10k, said it requires a Hard Pull, was approved. My credit report never took a hard pull... so YMMV.
Apr 15, 2016, 2:50 pm
#90
Join Date: Mar 2011
Programs: AA, UA, DL, AS, LH, BA, VS, HHonors, Hyatt, Club Carlson, IHG, Marriott
Posts: 833
A CLI will always require a HP. I believe it's the same for all banks. Just call Chase CS instead and ask to "consolidate" or move your credit limit between 2 cards. There won't be any HPs involved.
Banks usually do periodic reviews of your account with soft pulls involved. Sometimes, they will increase your limit also without a HP. Chase and BOA used to that with me but not anymore.
Regarding getting multiple HPs from the same bank, I've noticed Chase, Citi and BOA are doing HPs from 2 CBs for new apps. Not sure if multiple apps on the same day will trigger HPs from 2 different CBs in the case of Chase and BOA but for Citi, I only did 1 app per day and still ended up with HPs from 2 different CBs.
If you call Reconsideration or when you ask for the status of your app, they will tell you they pulled from a given CB only but then after you check your credit reports, you'll notice you have HPs at 2 CBs. I've noticed Chase and Citi have been pulling EQ and EX. BOA pulls TU and EX. And C1 apparently pulls from all 3 CBs although I haven't applied for anything with them in a while. Amex and Barclays are still pulling only from 1 CB. Not sure if it applies equally across all states.
Has anyone noticed the same about those banks pulling from 2 CBs or is that currently the norm?
Banks usually do periodic reviews of your account with soft pulls involved. Sometimes, they will increase your limit also without a HP. Chase and BOA used to that with me but not anymore.
Regarding getting multiple HPs from the same bank, I've noticed Chase, Citi and BOA are doing HPs from 2 CBs for new apps. Not sure if multiple apps on the same day will trigger HPs from 2 different CBs in the case of Chase and BOA but for Citi, I only did 1 app per day and still ended up with HPs from 2 different CBs.
If you call Reconsideration or when you ask for the status of your app, they will tell you they pulled from a given CB only but then after you check your credit reports, you'll notice you have HPs at 2 CBs. I've noticed Chase and Citi have been pulling EQ and EX. BOA pulls TU and EX. And C1 apparently pulls from all 3 CBs although I haven't applied for anything with them in a while. Amex and Barclays are still pulling only from 1 CB. Not sure if it applies equally across all states.
Has anyone noticed the same about those banks pulling from 2 CBs or is that currently the norm?