Daniel wrote:From what I have heard, many banks have a requirement that the account be active a certain length of time before a CLI can be granted. Barclays requires 6 months from what I have read, and Wells Fargo explicitly states 12 months on their website. I am not sure what Chase's rules are, does anyone here know what they may be?
X10A_Freedom wrote:Well, I think that I may have made a mistake. I found out about a week ago that my credit score from TU is 719 as I was seeing what I could do to refinance my auto loan. Seeing this, I decided to call into Chase and request a CLI. I have had the card since June 2013 (a little over 3 months) and have always PIF. The card has a $500 limit on it and I made a request to have them bump it up to $4k with a gross income of $43k a year. It was declined and I should be receiving a letter in the mail in about 5 days with the reasoning as to why it was declined. It may be because I have debt from my auto loan and student loans. Should I have waited longer before I made the request? Or maybe I should have only asked them to bump it up to $2k. Sigh,
X10A_Freedom wrote:Should I have waited longer before I made the request?
catsartcox wrote:With my wells fargo, I have always have been able to get a CLI every 6 months. Well, 180 days. But no sooner.