momoneyg08 wrote:Literally just got the Chase sapphire preferred...one question..when can I ask for a CLI. I've heard 6 months being tossed around on the forum. If I did it in June would that be too soon. The reason I ask is I am going to get a significant salary reduction in July as I restart training. I figure I have a better chance of getting a CLI on my current salary as opposed to the new one which will be considerably lower (one third) for a tleast 3-4 years.
In my experience, the only time they do a salary audit is if you are self employed. Most of the time they just base your credit limit on your report and stated income. They aren't likely to check up on your income reduction.
I have two Chase cards, and have had both for about 4 years. Neither has gotten any auto increase in limit, while my AMEX and BoA account credit lines have increased 500%. If you ask after 6 or 8 months of good history, and they don't give you one, I wouldn't hold my breath.
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