How to get your Chase credit limit increase request approved

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RidgeRacerJM
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How can I ensure a healthy credit limit increase for my Chase Amazon Visa?

Postby RidgeRacerJM » Wed Apr 04, 2012 3:53 am

I've read on some other websites that after a year of ownership, Chase will often times increase your credit limit. My current limit is $2000. The highest balance I've ever carried was $1040. But my average statement balance is $500. All of which I've paid in full.

Did I shoot myself in the foot with that high balance even tho I have never missed a payment and have paid all my statement balances in full?

Can I expect a credit limit increase from Chase after the completion of 1 year?

Thank you for reading this.
Capital One Quicksilver: Since 10/2008 (CapOne Platinum originally)... upgraded on 08/2013
Chase Amazon Visa: Since 07/2011
Amex Gold Premier Rewards: Since 11/2011
Blue Cash Preferred: Since 05/2016

Experian Score: 825 05/16
TransUnion Score: 797 05/16


Philosophuer
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Postby Philosophuer » Thu Apr 05, 2012 8:22 pm

What's a back door number?

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PlatinumAMEX94
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Postby PlatinumAMEX94 » Sat Apr 07, 2012 2:06 am

RidgeRacerJM wrote:I've read on some other websites that after a year of ownership, Chase will often times increase your credit limit. My current limit is $2000. The highest balance I've ever carried was $1040. But my average statement balance is $500. All of which I've paid in full.

Did I shoot myself in the foot with that high balance even tho I have never missed a payment and have paid all my statement balances in full?

Can I expect a credit limit increase from Chase after the completion of 1 year?

Thank you for reading this.


Many bankers will not increase your credit limit unless it looks like the one is not sufficient. Since the highest balance was only $1040, the credit line you have got appears that it is doing just fine. If you maxed out $2k every month and paid it off, then they might increase it by $1000, and see how you handle that amount.
American Express Platinum Personal, Member since 94
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Bank of America 10k, Capital One Venture World MasterCard 7.5k, Fidelity Visa Signature 10k
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PlatinumAMEX94
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Postby PlatinumAMEX94 » Sat Apr 07, 2012 2:09 am

Philosophuer wrote:What's a back door number?


A backdoor number is a different number that the publicly listed number for a company, typically NOT on the back of credit cards. If a users has ever dealt with a credit analyst, there is a different number they call. Analysts, or underwriters are the ones who make credit decisions of your approval and credit line increases.
American Express Platinum Personal, Member since 94
Chase United Explorer - Visa Signature
Chase Sapphire Preferred
American Express Business Simply Cash

American Express Costco Business, American Express Platinum Business
Bank of America 10k, Capital One Venture World MasterCard 7.5k, Fidelity Visa Signature 10k
Citibank ThankYou Premier World MasterCard - Card Member since 91, 25k
Discover 10k Member since 91, Wells Fargo Personal & Business Visa Signature
USAA World MasterCard 12k, Chase Slate Exclusives Visa 5k

Lifelock member, USAA credit monitoring, Security Freezes E/E/TU, 800+

RidgeRacerJM
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Postby RidgeRacerJM » Tue Apr 10, 2012 5:00 pm

so, even though im keeping my utilization low like the banks want, they wont increase my limit since im being responsible? o_O just how do credit limit increases work then? =_=;
PlatinumAMEX94 wrote:Many bankers will not increase your credit limit unless it looks like the one is not sufficient. Since the highest balance was only $1040, the credit line you have got appears that it is doing just fine. If you maxed out $2k every month and paid it off, then they might increase it by $1000, and see how you handle that amount.
Capital One Quicksilver: Since 10/2008 (CapOne Platinum originally)... upgraded on 08/2013
Chase Amazon Visa: Since 07/2011
Amex Gold Premier Rewards: Since 11/2011
Blue Cash Preferred: Since 05/2016

Experian Score: 825 05/16
TransUnion Score: 797 05/16

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PlatinumAMEX94
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Postby PlatinumAMEX94 » Sat Apr 14, 2012 3:17 pm

RidgeRacerJM wrote:so, even though im keeping my utilization low like the banks want, they wont increase my limit since im being responsible? o_O just how do credit limit increases work then? =_=;


The question is why do you want/need the credit line increase? Are you trying to buy something that you can't afford and need to finance it? Banks view credit lines as liabilities, and try to keep those low. Credit line increases usually happen when you call and talk with a banker/analyst.
American Express Platinum Personal, Member since 94
Chase United Explorer - Visa Signature
Chase Sapphire Preferred
American Express Business Simply Cash

American Express Costco Business, American Express Platinum Business
Bank of America 10k, Capital One Venture World MasterCard 7.5k, Fidelity Visa Signature 10k
Citibank ThankYou Premier World MasterCard - Card Member since 91, 25k
Discover 10k Member since 91, Wells Fargo Personal & Business Visa Signature
USAA World MasterCard 12k, Chase Slate Exclusives Visa 5k

Lifelock member, USAA credit monitoring, Security Freezes E/E/TU, 800+

jbman04
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Postby jbman04 » Sun Apr 15, 2012 1:28 pm

I applied for the chase freedom and got approved for 2k, and applied for the amazon rewards and got denied.

I called them, and now I have both cards in my wallet, each one with a 5k limit.
Chase Amazon Rewards Visa (5k Limit): debit card replacement
3% amazon, 2% gas, 2% restaurants, 2% pharmacies, 1% other

Chase Freedom Visa (5k Limit): rotating 5% catagories, 1% other

Citi Diamond Preferred Mastercard (3k Limit): No interest for 18 months

Target Store Card: 5% discount! And free shipping online!

irvine801
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Postby irvine801 » Sun Apr 15, 2012 4:46 pm

I asked for a cli and was declined. Called back and explained I never carry a balance and have never been late. Got an increase from 1k to 2k within 5 month of being with them.
-American Express Zync.
-Discover IT. 4.5k limit 7.99%
-MC Citi diamond preferred. 1500 limit
-Visa Chase freedom. 2k limit.(23.24%, NOT IN USE)
-Miles by discover 1.5k limit.7.99%
-Best buy store card. 1500 limit
-Mt. America visa 1k limit

agp
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Postby agp » Fri Apr 20, 2012 10:41 pm

I'm interested as well. I got my Freedom last November and was approved for $3500. I used about $2000 in the first month (to get the reward/bonus), but after that, utilization stayed 20% or lower each month (utilization on my other credit card stayed under 5%). Should I ask for a credit limit increase?

Main Card: Amex Platinum
For gas: Penfed Platinum Cash Rewards
For travel & dining: Chase Sapphire Preferred



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