Can I increase Chase Slate CL right away?

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jxm1769
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Can I increase Chase Slate CL right away?

Postby jxm1769 » Mon Apr 21, 2014 4:57 pm

I applied for a Chase Slate card last week to take advantage of their balance transfer terms, but only received a CL of $500. I have a history of 6 years, and a score of 694 with no negatives.

I got Slate to transfer the rest of my Discover balance of $2700, because the intro 0% APR ends in May for me (graduated last May, STILL haven't found a degree-related job in this fantastic economy of ours. Wasn't expecting to have this balance).

I got my Slate card today, I called Chase about CL increase; all the call center could do was do a credit check to see if I qualify for an increase. This is pointless because they just did a credit check a matter of days ago, it's going to be the exact same - which I tried explaining to her. She just kept reading the prompts off the screen giving me the run around.

So, is it worth my time trying to call back and try to get transferred to someone with a little more knowledge of whats going on instead of reading of the screen? Am I guaranteed to get a "No" on the CL increase because I just opened the account? I thought about going to my local Chase branch to explain the situation, can they do anything there?


MemberSince99
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Postby MemberSince99 » Mon Apr 21, 2014 6:36 pm

They will almost surely make you take a hard pull and there is no guarantee of any increase. I would not bother, given they only gave you 500 (meaning they feel you are borderline right now).

Obi-dan
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Postby Obi-dan » Mon Apr 21, 2014 9:31 pm

I don't know that going into the branch will help. I never worked for Chase but I worked for Wells Fargo and retail banking and credit cards were completely separate entities and from what friends who have worked at Chase have told me, they operate similiarly. The only time a branch could really intervene was on behalf of a Private Client Services client and that meant lots of money with the bank.

Best of luck.
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whit
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Postby whit » Mon Apr 21, 2014 9:37 pm

Going into a chase bank, the platform doesn't have anything that can help, neither does chase private client, but depending on the banker you get

They might go and try to "fight" it for you if that makes sense

On some things..

Plus they have different number and reach to analysts

But for a CL, while it won't hurt to try, I wouldn't hold my breathe

Call and explain you need the increase for the balance transfer, and you want to take advantage of the intro special of 0% fee for balance transfer within the first 60 days

I managed to help someone increase their CL on slate within days of applying for this reason, but the increase wasn't big enough for the full amount they want to transfer

jxm1769
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Postby jxm1769 » Mon Apr 21, 2014 11:36 pm

I figured the people working at a Chase bank would be completely separate from the credit side of things. I also thought they'd have a more direct way of contacting someone worth explaining my situation to, rather than the Indian call-center zombies.

takeshi
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Postby takeshi » Tue Apr 22, 2014 8:38 am

jxm1769 wrote:This is pointless because they just did a credit check a matter of days ago, it's going to be the exact same - which I tried explaining to her. She just kept reading the prompts off the screen giving me the run around.

She's not giving you the run around. CL is based on credit and income. If neither have improved then why do you expect a CLI?

jxm1769 wrote:I have a history of 6 years, and a score of 694 with no negatives.

Utilization? My Slate had a very low CL due to high utilization.



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