Thread: How to increase credit limit on Chase credit cards?

Originally Posted by Code of Honor

Chase is cool with reallocating credit lines?

Yes. The CSR, after India transfered me back to the US, a Sapphire call room (honest! I don't have a Sapphire). He sounded bored, it was the middle of the night after all, he put a reallocation throught just short of pulling the trigger and said it would go. I would have to leave $500 behind on the closing card and lose it in the closing.

I had two Chase cards reallocated to one a while ago. Pretty simple.

Maybe its time to get a Chase Continental card and a Chase United card and merge them ;-)

Literally just got the Chase sapphire preferred...one question..when can I ask for a CLI. I've heard 6 months being tossed around on the forum. If I did it in June would that be too soon. The reason I ask is I am going to get a significant salary reduction in July as I restart training. I figure I have a better chance of getting a CLI on my current salary as opposed to the new one which will be considerably lower (one third) for a tleast 3-4 years.

Just checking back in to this forum - I started this discussion when I received my Chase Sapphire card back in October 2011 ($6000 limit). My question was really about what Chase views as 'perfect history'. Let purchases post, pay them off prior to, etc...in hopes of receiving a limit increase after 6 months.

Basically I decided to let all purchases post, and pay at least the statement balance every month. I've read that demonstrating puchasing power (i.e. spending $2k-6k/month), and in addition paying the statement balance (i.e. paying 2k-6k/month) will increase your chances of an increase.

Any thoughts?

My 5th statement just generated - hopefully getting close to that increase!

NWE

I think it is more tricky than that. They will look at the categories and patterns of spending also. I would think they have some computer programs that determine risk based on these factors, which are a lot deeper than your credit report and score. Once they are able to see in detail how you spend, they draw up a profile. Your credit is scored/judged based on 6 month intervals, but how recently you have opened other accounts, % of utilization, and other things would factor in a credit limit decision also. If you haven't had any new cards in 2 years or more prior to this card, it might work after 6 months. It probably also depends on your credit limit on other cards.

You might just wait and see if they offer it, but if not, check after a year of having the card. My experience is that you can't request new credit very easily within a year of a new account, and you might just damage your chances by causing a second hard inquiry(another 12 month wait). One inquiry in a year doesn't hurt apparently but when you have two or more it hurts.

A year's worth of patience may help your overall position, but I have no idea what Chase or any issuer views as perfect history. I think the issuers look at spending patterns more heavily than anything else though. You'd have to be an insider to know how that works.