What does Chase look for with auto CLI's?

Discuss the Visa & MasterCard payment networks as well as cards that operate through them.
16 posts
CC Deville
Centurion Member
Centurion Member
 
Posts: 1077
Joined: Thu Aug 04, 2011 7:07 pm
Location: Phoenix

Re: What does Chase look for with auto CLI's?

Postby CC Deville » Sun Jul 12, 2015 8:43 am

Whatamuji wrote:Well the reason I asked was because I figured if I made my Chase card my main card and it saw heavy usage it would raise my CL and eventually get me to the 5k point needed for a CSP (I'm thinking down the road). But if that's not the case for the majority of people who have Chase, which of my lenders would be my best bet (Discover, CapOne, or BoA)?


The Amazon Visa is a card that I have not heard much about; however, I have seen even those with solid credit histories get less than stellar credit lines. I wouldn't be surprised if your one auto CLI on this card is about $1,000- $2,000. Based on your signature I am guessing that you are either newish to credit or have re-established. Having said that, I do not think you will have any trouble getting approved for CSP within a year or so as long as you maintain an excellent credit rating. Although there is anecdotal evidence that suggests that Chase does not want to be your first $5K lender, others have been approved for CSP at $5K without having another $5K + card beforehand. Chase does look at your overall credit history, but they also are a lender (Amex being another) that have an internal score model that carries a lot of weight. If they see you handled your Amazon well and they think they can make money off you, they will likely approve. Just don't go opening any other cards before you go for CSP. If CSP is your goal card, no more applications. I would suggest you read some of the postings on MyFico about Chase's newer policies. It seems that they no longer like to see new accounts opened within the past two years. As always, YMMV.


CC Deville
Centurion Member
Centurion Member
 
Posts: 1077
Joined: Thu Aug 04, 2011 7:07 pm
Location: Phoenix

Re: What does Chase look for with auto CLI's?

Postby CC Deville » Sun Jul 12, 2015 9:29 am

I ignored your other question; of your current cards I would say Discover is your best bet for a higher CLI, but keep in mind Discover likes to see usage.

takeshi
Centurion Member
Centurion Member
 
Posts: 1741
Joined: Wed Jun 05, 2013 3:12 pm
Location: US

Re: What does Chase look for with auto CLI's?

Postby takeshi » Sun Jul 12, 2015 9:25 pm

Whatamuji wrote:I've decided to make my Amazon Rewards card my day to day card and was wondering what Chase looks at when they do auto CLI's. Is it swipes or something else? Also how generous are their CLI's in comparison to DIscover? I'm sure my mileage may vary but was wanting to get actual peoples experiences with Chase.

It's credit and income -- same as it is with any creditor. A lot of people count on usage but it is not a primary factor if it plays any role. If usage was all it took I'd have received a ton of CLI's from Chase. It's all a matter how one's credit and income stack up to the creditor's criteria for determining limit to extend. If you have the headroom they can grant a CLI. If you do not, they will not. It's not just a matter of one factor on its own but your entire credit profile.

Whatamuji wrote:Also how generous are their CLI's in comparison to DIscover? I'm sure my mileage may vary but was wanting to get actual peoples experiences with Chase.

My experience won't mean much as I've hit my internal limit with Chase. Never received a CLI. I've received several from Discover.

CarefulBuilder14 wrote:Chase likes to keep their total CLs with a customer across all cards below around 1/3 of a person's annual income. So someone who makes $60k may encounter a "wall" around $20k.

I'm at about 50%.

Nixon wrote:I stand by my answer.

Ive personally seen at least 3 different accounts get auto CLI from Chase with only heavy and regular use (40%+ CL usage per month)

My wife regularly uses her Chase card but doesn't heavily use it and has received a number of auto CLI's.

amex007
Centurion Member
Centurion Member
 
Posts: 131
Joined: Wed Apr 01, 2015 3:31 pm
Location: NY

Re: What does Chase look for with auto CLI's?

Postby amex007 » Mon Jul 13, 2015 3:49 pm

Nixon wrote:I stand by my answer.

Ive personally seen at least 3 different accounts get auto CLI from Chase with only heavy and regular use (40%+ CL usage per month)


I think heavy and regular use will generally work for most cc companies on the auto-CLI. Granted you PIF or only have low balance.
Amex Gold NPSL | Amex ED 28500 | Barclaycard Arrival 17500 | Hyatt visa signature 5000
sockdrawer-- GM 4000 | Unionplus 2200
EX 795 EQ 786 TU 790

Vermonster
Centurion Member
Centurion Member
 
Posts: 725
Joined: Mon Oct 01, 2012 11:09 pm
Location: NJ

Re: What does Chase look for with auto CLI's?

Postby Vermonster » Mon Jul 13, 2015 4:23 pm

I had a Chase Freedom with a $2700 limit for 2+ years. When I applied I reported $13k income. It was my only card and received 100% of cashflow minus rent. 2013 and 2014 were each around $35k of total spending and had a combined max $100 in interest charges. We didn't see a single cli. Now a few months ago we requested a cli to $5k. Despite reporting $90k income now I was denied the cli by the computer.

Now don't take this as "You're all wrong, chase never cli's." It is just to add to the list of stories that prove no one knows what creditors want to see. Half the time I think they don't even really know what they're doing.

If the intention is to get cli's just to hit the magical $5k so you can apply for a CSP then don't worry. I was approved for a CSP with the $2700 Freedom being the only credit card on my account. Chase does like that $5k proof that you can handle a "high" limit, but they also are know to rely heavily on internal scoring. Having a Chase card will help you a lot regardless of it being $5k.
Chase Freedom $9k~~Chase Sapphire Preferred $6.5k~~Amex Blue Cash Preferred $12.4k~~Citi Double Cash $4.7k

User avatar
CarefulBuilder14
Centurion Member
Centurion Member
 
Posts: 4440
Joined: Thu May 08, 2014 7:42 pm
Location: United States

Re: What does Chase look for with auto CLI's?

Postby CarefulBuilder14 » Mon Jul 13, 2015 5:32 pm

Over the course of about 9 months, I put about $15k on a $600 CL Freedom. If that's not heavy use for a particular CL, I'm not sure what is. I then gave up waiting and took the HP for a CLI.

I used Discover to avoid going over that low CL, and I did get a few random promo offers on the IT, but they weren't for things I wanted.
Warranties and sketchy merchants: Schwab Platinum
Price rewind: Costco
Travel insurance: Prestige, CSP
Perks: IHG, Hyatt
Rewards/Offers: Discover, Freedom, ED, BCE
Taxes/Misc: SPG

Limited value, might close: Arrival

Might add: First Tech, proper business card



Return to “Visa & MasterCard”

Who is online

Users browsing this forum: No registered users and 3 guests