Request CLI?

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paparoach429
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Request CLI?

Postby paparoach429 » Sun Jan 26, 2014 1:04 am

Hey fellas, as some of you might know last year I got lucky enough to get Chase to reconsider my apps for the Sapphire Preferred and the Freedom. Starting lines were 5k, and 3k. Since April they have given me automatic increases on the Freedom from $3,000 to $3,300, then to $3,800. This whole time I've been floating a $1000 balance on that card (since its 0% interest) and still got the increases. Also during this time I've taken my Citi Forward card from $5,500 to $7,000 with no reports pulled. I think its about time I request a line increase on the Sapphire. As of this second I have about $2,200 balance on this card. (I'm capable of paying this card of right this second but have found it better to have a decent portion of the available line used when requesting it). What do you guys think I should do and what have you guys experienced? I'm hoping if they've "softed" me in the last month or two they've seen my increase from Citi and want to beat it, atleast match it. Also if I request it on the Sapphire I know it will be a hard pull but can they use the same hard pull for an increase on the Freedom as well?


MemberSince99
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Postby MemberSince99 » Sun Jan 26, 2014 7:56 am

No idea if they will do that. It's always YMMV.


The only experience I have with CLIs with Chase is none - no auto and my request was denied, for the cost of two hard pulls. Thus I'm not particularly inclined to ever ask again. I did however get an online preapproval for the Freedom and got approved for that (again at the cost of two hard pulls but at least I got something for them). So good luck with it and let us know what happens.

JoDa
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Postby JoDa » Sun Jan 26, 2014 11:34 pm

I had exactly the opposite experience with Chase as Member did, though, of course, each person's circumstances vary widely. I had the UMP with a relatively low limit with them (at the time I apped, my credit was only in good territory, I had just bought a house, and my income was middling for the expense of where I live). Called them after a few years of solid behavior and promotions and asked for a CLI, got instant approval for ~2.5x the line (full disclosure: they asked me what line I wanted and I tossed out a round number). 6 months later, they decided to bump it up another 50% on their own. I seriously logged in one day to find my credit line massively bumped (got the letter a few days later).

HOWEVER, over the time this transpired, my credit went from good to excellent and my income went up substantially (~25% increase). I also never carried an interest-accruing balance (sure, balances reported since I was using it to the fullest for miles, but everything was paid off before the payment date and any interest hit). Perhaps without major-to-radical changes in your financial and credit situation, you might not be able to get the increases, but WITH those changes, I found it easy (sometimes even unexpected!) to increase my lines with them.
CSP $19K
BOA $4K
UMP $11.5K
Target Visa $1.5K

takeshi
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Postby takeshi » Mon Jan 27, 2014 8:03 am

paparoach429 wrote:I'm capable of paying this card of right this second but have found it better to have a decent portion of the available line used when requesting it.

Sounds like a flawed notion of causality. While one can certainly get CLI's with a balance a balance is not requisite for a CLI. There are a number of factors at play -- not just balances.

paparoach429
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Postby paparoach429 » Mon Jan 27, 2014 11:02 pm

Well even though I'm happy I got my increase on my CSP they said no to use the same hardpull for the increase on my Freedom. I decided to not try for the increase on the Freedom at this time.



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