CLI AND apping for new card

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6 posts
trainypooh
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Location: Minnesota

CLI AND apping for new card

Postby trainypooh » Tue Dec 29, 2015 6:50 pm

Hello all,

I JUST asked for a CLI for my Chase Freedom and was approved. I know with Chase, they typically require a hard pull for a CLI; I was wondering if it would be okay or not to app for a CSP on the same day? Any information is greatly appreciated. Thanks in advance
My Wallet:
Discover IT - $9500
AMEX BCE - $9000
Chase Freedom - $5000
Capital One Quicksilver - $2700

Future Cards:
Chase CSP


kdm31091
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Location: Claymont, DE

Re: CLI AND apping for new card

Postby kdm31091 » Tue Dec 29, 2015 7:28 pm

trainypooh wrote:Hello all,

I JUST asked for a CLI for my Chase Freedom and was approved. I know with Chase, they typically require a hard pull for a CLI; I was wondering if it would be okay or not to app for a CSP on the same day? Any information is greatly appreciated. Thanks in advance


You can certainly apply for CSP; the HP CLI has nothing to do with it. Note it's only worth even trying to apply if you have less than 5 new accounts in the past 2 years. Any more than that is an automatic denial which cannot be overturned no matter how much you recon.

Assuming you meet that criteria, you can apply. Don't expect combined HPs though (it could happen, but don't expect it, especially since the bureau for a CLI will often vary from the bureau for an app).

takeshi
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Re: CLI AND apping for new card

Postby takeshi » Wed Dec 30, 2015 8:40 am

The CLI won't prevent you from applying. It will certainly impact your credit profile. However, a single hard pull generally has little impact. If it disqualifies you for the CSP then it wasn't the HP itself but other factors in your credit profile.

Vermonster
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Location: NJ

Re: CLI AND apping for new card

Postby Vermonster » Wed Dec 30, 2015 2:50 pm

takeshi wrote:The CLI won't prevent you from applying. It will certainly impact your credit profile. However, a single hard pull generally has little impact. If it disqualifies you for the CSP then it wasn't the HP itself but other factors in your credit profile.


Exactly how I would say it. You could try the Pre-qual site and see if there is an offer for the CSP. The rumblings on the internet claim that the Chase pre-quals are fairly accurate, but as always, YMMV.
Chase Freedom $9k~~Chase Sapphire Preferred $6.5k~~Amex Blue Cash Preferred $12.4k~~Citi Double Cash $4.7k

trainypooh
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Posts: 24
Joined: Sun Nov 03, 2013 11:06 pm
Location: Minnesota

Re: CLI AND apping for new card

Postby trainypooh » Thu Dec 31, 2015 2:31 am

My concern is getting a great credit limit off the bat; something in 5 figures. I'm assuming the hard pull will affect that. How long should I wait til the HP falls off?
My Wallet:
Discover IT - $9500
AMEX BCE - $9000
Chase Freedom - $5000
Capital One Quicksilver - $2700

Future Cards:
Chase CSP

flan
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Location: chicago

Re: CLI AND apping for new card

Postby flan » Fri Jan 01, 2016 12:00 pm

kdm31091 wrote:
trainypooh wrote:Hello all,

I JUST asked for a CLI for my Chase Freedom and was approved. I know with Chase, they typically require a hard pull for a CLI; I was wondering if it would be okay or not to app for a CSP on the same day? Any information is greatly appreciated. Thanks in advance


You can certainly apply for CSP; the HP CLI has nothing to do with it. Note it's only worth even trying to apply if you have less than 5 new accounts in the past 2 years. Any more than that is an automatic denial which cannot be overturned no matter how much you recon..


That's not true. If it's denied for that reason, maybe t can't be overridden by an analyst. but it is not an automatic denial.



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