Originally Posted by
pallhedge
I didn't know you were already cycling your credit on the business cards. You've already been playing with fire and everything you plan on doing only adds to it. Sudden significant spend on the personal card side could raise red flags and put eyes on your accounts and highlight the prior cycling behavior. in a separate thread, you're asking about applying for another Chase card AND a CLI on the same day--inviting even more eyes on your accounts.
I need you to be aware that you are risking your entire current and future banking relationship with Chase for Hyatt Globalist status. Understand that Chase doesn't ask questions. When they see something they don't like, they simply shut you down--everything, not just one card.
I appreciate the insight!
Originally Posted by
pallhedge
If it were me, I'd spend no more than 75% of my CL each month. Once or twice over the spending period, I'd pay down the balance mid-month to spend more. I would not cycle the CL every month and I certainly wouldn't do it more than once during any statement period. If you're lucky, Chase might increase your CL with this new level of spending.
If I understand correctly, given a CL of 24,000, you would suggest spending no more than 75% ($18,000) in a single statement, paying that entire balance off, and spending the "remaining" $6k, and cease any spending until entering a new statement period?
Side question - is there a way to request a CL increase by furnishing business financials with a credit analyst as opposed to requesting a standard CL increase request through CS, which I heard doesn't bump up your CL by much? Would like to increase business spend with Chase without having to cycle.