Credit Card Forum
+ Reply to Thread
Page 1 of 2 1 2 LastLast
 
  1. #1
    Green Member
    Join Date
    Sep 2011
    Location
    Houston
    Posts
    3

    Default How to increase credit limit on Chase credit cards?

    Hello all -

    I recently joined the site and am ready for my first post (in the form of a question). Is there a general rule of thumb regarding credit limit increases for new credit cards? Example, I was recently approved for a Chase Sapphire card, with a $6000 limit. Ideally I would like an increase within the first 6 months. Should I spend $0, $1500, $3000, let the purchases post, then pay off the balance every month? Or spend and pay off before bill generates?

    Any feedback would be greatly appreciated!
    Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiTweet this Post!
    Reply With Quote Reply With Quote

  2. #2
    Centurion Member
    Join Date
    Jun 2011
    Location
    New York state
    Posts
    1,381

    Default

    apperantly you have a great job. some months spend 100, some 1500 and other months 3,000 once chase sees that your not near your limit. they will raise your credit limit.
    Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiTweet this Post!
    Reply With Quote Reply With Quote

  3. #3
    Centurion Member
    Join Date
    Jun 2011
    Location
    New York state
    Posts
    1,381

    Default

    question for you since you have the sapphire do you travel on business?
    Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiTweet this Post!
    Reply With Quote Reply With Quote

  4. Gold Member
    Join Date
    Sep 2011
    Location
    Lost in space
    Posts
    47

    Default

    I would let the bills cut, unless doing so would create a utilization issue.
    Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiTweet this Post!
    Reply With Quote Reply With Quote

  5. #5
    Green Member
    Join Date
    Sep 2011
    Location
    Houston
    Posts
    3

    Default Thanks for the replies!

    To answer a few questions:

    First, I do not travel much for business. I actually wanted the card because I make a lot of purchases for work and would love some purchase rewards.

    Let me pose a scenario...

    In six months, Chase will on their own accord review my account history and determine if a credit limit increase is available (they will not hard pull my credit). Would they rather see a $3000 balance paid off every month, a $0 balance with purchases paid off before post date? Of the $6000 limit, how much should I use/allow to post each month? Keep in mind, I'm not necessarily concerned with my score, just how Chase views me as a cardholder. What will make them want to increase my limit?

    Thanks again!

    NWEngineer
    Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiTweet this Post!
    Reply With Quote Reply With Quote

  6. #6
    Centurion Member
    Join Date
    Jun 2011
    Location
    New York state
    Posts
    1,381

    Default

    If your company is paying you back for purchases you make with this card, I would call Chase up and ask them this question.

    If you are using this card for half purchases at work and half for personal use. say your 6,000 limit on personal items, I would spend no more than 3,000 a month. when your bill comes in pay that amount, go to the department that reimburses you, tell them what they owe you and pay Chase that way.

    each month should be different depends on when your family celebrates birthdays, when you take vacations places you want to go. most people take them in the summertime but some in the fall and winter. if you go away you will want to use your card.

    so how much should you spend every month depends on how you make purchases. But since your limit is 6,000 not including purchases for work, personal charges of 1,500 to 3,000 is all you should charge on this card per month.
    Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiTweet this Post!
    Reply With Quote Reply With Quote

  7. #7
    Gold Member
    Join Date
    Sep 2011
    Location
    Lost in space
    Posts
    47

    Default

    I disagree. You are after rewards, use the card to it's full advantage.

    I don't have a Sapphire card and can't get an answer from chase.com. Is it of the Visa Signature or World MasterCard variety? If so all this talk of utilization may be moot, they report actual high balances (not statement balances, if you pay before the bill cuts) instead of limits.
    Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiTweet this Post!
    Reply With Quote Reply With Quote

  8. Green Member
    Join Date
    Oct 2011
    Location
    New York
    Posts
    11

    Default

    Chase seems very stingy with CLIs. I have an amazon card that won't go above 900 even though I use it a lot and pay in full every time. The last two years I used it the most but it's still my lowest line.
    Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiTweet this Post!
    Reply With Quote Reply With Quote

  9. #9
    Gold Member
    Join Date
    Sep 2011
    Location
    Lost in space
    Posts
    47

    Default

    Have you asked for one?

    You may consider reallocating your credit line if you have another with Chase. I called and was trying to get one of the three now identical cards I have with them switched to an Amazon. They said no. I would have to apply for the Amazon card and if I was rejected they could possibly take another look at it and maybe reallocate my lines. Seemed fishy enough for me to pass. I wanted different, not more or newer.

    My best CLI's with Chase were achieved by opening a new account and combine. Lather, rinse, repeat.
    Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiTweet this Post!
    Reply With Quote Reply With Quote

  10. #10
    Green Member
    Join Date
    Oct 2011
    Location
    New York
    Posts
    11

    Default

    Chase is cool with reallocating credit lines? I have two Citi cards and they refuse to combine credit lines every time. FIA has let me do that three times though. Chase doesn't give me an increase and if I call to request it they want to do a hard pull. I'd rather open a new account and combine than request a CLI if I have to use a hard pull, I think I'd get a higher limit that way.
    Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiTweet this Post!
    Reply With Quote Reply With Quote

+ Reply to Thread
Page 1 of 2 1 2 LastLast
 
These forum posts are not provided or commissioned by the bank advertiser. Posts have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.
Advertiser Disclosure: The credit card offers that appear on this site are from credit card issuers from which CreditCardForum.com receives compensation. This compensation may impact how and where products appear on this site, including the order in which they may appear within listing categories. CreditCardForum.com does not include all credit card offers that might be available to consumers in the marketplace.