How long should I wait to ask for a CLI?

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Robrus1
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How long should I wait to ask for a CLI?

Postby Robrus1 » Sun Dec 02, 2012 7:53 am

I got the Chase Sapphire Preferred Card in early October, and I've been using it quite a bit. This is my first card with Chase. It has a 5K limit, but honestly I want a 7.5K or 10K limit to keep utilization down. I don't pay late and pay in full, and I know my relationship with Chase is very new. My girlfriend and I have spent about 4K on the card so far, so I've been paying on it twice a month (in full) because I don't like the high utilization. (She lives with me and is an authorized user) How long should I wait before asking them for a credit limit increase? I really like the CSP and plan to continue to use it frequently. I only use my CSP and my PRG these days. I'd just like a higher limit on my CSP. Also, how will they determine whether or not they will grant me a CLI? I'm worried about asking too soon since we haven't done business together for very long. Any info would be appreciated. Thanks.
Amex Platinum
Amex BCP 21K
Amex SPG 5K
Barclaycard Arrival Plus WEMC 5K
Chase Sapphire Preferred 23.5K
Credit Union 10K
Discover IT 7.75K


agp
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Postby agp » Sun Dec 02, 2012 8:53 am

I would wait 6 months after approval. I tried applying for CLI earlier once have been denied.

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

Robrus1
Centurion Member
Centurion Member
 
Posts: 797
Joined: Tue Oct 02, 2012 3:25 pm
Location: Texas

Postby Robrus1 » Sun Dec 02, 2012 1:55 pm

That's about what I was thinking, but I thought I'd double check. Thanks.
Amex Platinum
Amex BCP 21K
Amex SPG 5K
Barclaycard Arrival Plus WEMC 5K
Chase Sapphire Preferred 23.5K
Credit Union 10K
Discover IT 7.75K



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