Thread: How to get your Chase credit limit increase request approved

I was putting in a credit limit increase on my Chase credit card and was asked how much I want to increase it by. The lady on the phone offered no help in what I should ask for or how much is possible. I was left hanging on the phone guessign and told her I would call back later with an answer. I am worried about asking an amount too high of a credit line and having it be denied and then left with a hard inquiry and nothing to show for it. Does anyone here know what the Chase credit limit increase rules work?

Hello all,

In high school (2002ish) I opened a Chase checking and credit card account. At that time they gave me a $400 CL. However, it has NEVER increased. I've called and ask and they have denied me. Now my card has been turn into the Slate card so I called again, and they denied me. I have two other credit cards with CL over $2500.

I'm a graduate student, so I don't make a ton of money, but I always pay on time. I do have 2 dings on my credit report for medical bills going to collections agency. I had a lot of health problems and a lot of bills (I managed to pay off over $10k in bills but 2 bills that total less than $200 dings my credit score =/). Two of those bills went to my parent's house and the never opened it or let me know!

Anyway, so I have a Experian score of 637, Equifax of 658 and Trans Union 737. I make about $24k a year, but I make it work. I pay a little to my student loans, put a little in savings, and budget out the rest. I spend about $2k across 3 credit cards and pay it all off every month.

I don't really NEED the credit line increases, but I'd like to raise them to raise my score. Does that make sense?

So how do I go about upping my limit? Do I call every 6 months? Is there a reason chase won't budge?

Also, none of those cards are rewards cards and I've been thinking about getting a cash back or travel rewards. Any suggestions for my situation?

Thanks!
-Green

I have asked twice and the second time they told me to write a letter. I just don't get it.. I have had a crappy APR with them for years and I have a 720 credit score.

Mr. Ritz
I have completely discontinued using chase. I qualify for Amex Platinum but chase keep telling me that i do not qualify for rate reduction (currently at 29%) which was reset to default back in 2004. I recently applied for the freedom card with 200 cash back, i paid the 500 dollars i had to spend, I got the 200 and slice the card in half.

Hi friends I have chase freedom opened in july 2011. I applied for a credit limit increase today and was approved for only 500 more to the current line of 1000. I spoke to the backdoor number also, and I requested increase in credit limit to at least 4000 from the current 1000.

The analyst said they will do a detailed study of my credit or something and get back to me in 2-3 days. They pulled a hard enquiry on EX (score 740). As for my credit history ..I have one other BoA card (7000$.. current balance on it is 2000) and only 1 hard inquiry on file this year before today's CLI application..credit history of 2yrs and all on time payments and no negatives.

Should I consider this a decline from chase for the requested CLI ? The reason I need the CLI and I told chase too is I need to do balance transfer.

I wouldn't consider it a denial just yet. It sounds as if they need to look into the matter more.

You have to understand too that the FICO score is no longer the only consideration banks take into account when approving a new account or a credit line. They have to ensure that your income can qualify for a higher credit line.

As far as Chase goes, I would recommend using the card a lot and paying in full. They usually grant credit line increases automatically if they see that you are utilizing the account. I opened a Chase Freedom 11/10 with a $7,000 limit. I paid off a $2,000 balance in 7/11 and by August they gave me an auto CLI to $10,000. So, really, hang in tight, use the card a lot and they should give you an auto CLI.

Thanks for the info CC Deville. Got my Chase credit limit increased to 3000. I am happy with that for now and I had to be very persistent with them for that.

Excited, Chase freedom increased my line from $500 to $1500 using the back door number from this site!