Freedom CLI w/o hard inquiry

Discuss the Visa & MasterCard payment networks as well as cards that operate through them.
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beef.stu
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Freedom CLI w/o hard inquiry

Postby beef.stu » Fri Jul 18, 2014 11:26 am

I thought some of you would find this email that I recently got from Chase interesting:

Image

This came after no use for almost 3 weeks, so maybe this had something to do with it.
(01/10) - Wells Fargo VISA Platinum
(05/10) - Techron Advantage
(10/12) - Amex BCE
(02/13) - Chase Freedom VISA
(09/13) - Discover It
(03/14) - Sallie Mae WMC
(09/15) - Citi Double Cash WEMC
(09/16) - US Bank Cash+ VISA Signature


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jumbo
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Location: IA

Postby jumbo » Fri Jul 18, 2014 11:35 am

Haven't received that email yet.
Would love to have it though.
BofA Cash Rewards | CapitalOne QuickSilver | Discover More
Gold Delta AMEX | Citi DoubleCash | Citi Simplicity
Chase Freedom | Kohls Charge Card

432521
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Location: USA

Postby 432521 » Fri Jul 18, 2014 12:50 pm

I got the same email but I had already seen the button that told me the same thing on the website a couple of days before so I already requested the soft pulled CLI.

I had actually called a couple of weeks ago to ask for a CLI but stopped it when they said hard pull. It was my plan the whole time because the last time I got an auto CLI from Chase I did the same thing and what do you know it worked.
March 2011- Wellsfargo Cash Back College Card
May 2012- Chase Freedom
May 2012- Discover IT
August 2012- American Express Blue Cash Everyday

beef.stu
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Joined: Wed Dec 26, 2012 12:03 am
Location: Bay Area

Postby beef.stu » Fri Jul 18, 2014 4:11 pm

yeah I was really surprised to see this after repeatedly hearing on the forums that all cli's would be hard pulls with chase.
(01/10) - Wells Fargo VISA Platinum
(05/10) - Techron Advantage
(10/12) - Amex BCE
(02/13) - Chase Freedom VISA
(09/13) - Discover It
(03/14) - Sallie Mae WMC
(09/15) - Citi Double Cash WEMC
(09/16) - US Bank Cash+ VISA Signature

flan
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Location: chicago

Postby flan » Fri Jul 18, 2014 7:46 pm

beef.stu wrote:yeah I was really surprised to see this after repeatedly hearing on the forums that all cli's would be hard pulls with chase.


This is an auto cli, essentially. Chase has a rather strict interpretation of the requirement to verify your ability to repay, which they interpret as meaning that they need to get your income for every increase after (roughly) the first year. Chase has decided that you're eligible for an increase (how? Who knows...), but wants to make sure you have the income to support it. Presumably, they'll not give you an increase if your income is now $20k, and had been 80k. Whether they'll give you a bigger increase if you had an income of 20K and now say it's 80K, then if you say it's still 20k, I do not know.

(I got the email for my CSP today, and haven't done anything special with it. Well, use it a lot, but not more than normal. Most of our household spend goes on it.)



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