What does Chase look for with auto CLI's?

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Whatamuji
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What does Chase look for with auto CLI's?

Postby Whatamuji » Fri Jul 10, 2015 11:59 pm

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.
Kohls: $300, Discover IT: $1.8k, Capital One Quicksilver: $2k, Amazon Store Card: $2.2k, BoA Cash Rewards: 1k, Chase Freedom: 3.2k, AMEX HHonors 3k


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

Postby Nixon » Sat Jul 11, 2015 7:26 am

Heavy regular use.
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CarefulBuilder14
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Re: What does Chase look for with auto CLI's?

Postby CarefulBuilder14 » Sat Jul 11, 2015 8:34 am

From my personal experience and forum-reading...

1. Chase will give auto-CLIs, but they usually take time - as in a year or two.
2. Chase likes to see a long, clean history and a comparably high CL on at least one card from another lender.
3. 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.
4. Whether you use a card heavily doesn't seem to matter as much.

So my advice is kind of the opposite of Nixon's in this case.

For auto-CLIs, I'd be favoring Discover for regular use.
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Nixon
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Re: What does Chase look for with auto CLI's?

Postby Nixon » Sat Jul 11, 2015 10:19 am

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)
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CarefulBuilder14
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Re: What does Chase look for with auto CLI's?

Postby CarefulBuilder14 » Sat Jul 11, 2015 10:36 am

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)

How many months did it take in those cases?

Also, your history is longer than the OP's, with more accounts. Your spending might not have had anything to do with it.
Wallet: Prestige CSP SchwabPlat Freedom It Hyatt SallieMae AAPlat
SD: Arrival BrooksBros BCE ED IHG
Letting new accounts cool off since May
Really not sure what I'll add next or when

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

Postby Nixon » Sat Jul 11, 2015 10:45 am

Approximately 6-9 mos.
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kdm31091
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Re: What does Chase look for with auto CLI's?

Postby kdm31091 » Sat Jul 11, 2015 3:01 pm

Trying to figure out Chase auto CLIs is IMO, an exercise is frustration and you would do better to just focus on other lenders/cards as far as CLIs.

They do give auto CLIs but it is not a common occurrence compared to other lenders.

I agree with usage...they definitely won't bump up a card if you buy a pack of gum once a month and that's it.

I think the main point though is just time. Show them you are a responsible cardholder. Build a good history. As mentioned though with Chase it doesn't seem to matter for 80+% of people who never see a CLI.

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CarefulBuilder14
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Re: What does Chase look for with auto CLI's?

Postby CarefulBuilder14 » Sat Jul 11, 2015 7:17 pm

I agree it's not totally clear.

There are a lot of people who use Chase cards heavily and never get an auto-CLI within the first two years.

Compare that to Discover, where two years of heavy use would probably generate several SP/auto CLIs.
Wallet: Prestige CSP SchwabPlat Freedom It Hyatt SallieMae AAPlat
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Really not sure what I'll add next or when

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

Postby CC Deville » Sat Jul 11, 2015 8:16 pm

Generally Chase will give one auto CLI within the first 12 months of cardmembership since they can use the income that you provided on the application for credit to comply with CARD Act rules (ensuring the cardholder's income is sufficient to repay a balance owed). My personal experience with this, although dated, was similar; I opened Chase Freedom 11/2010; $7K SL, used the heck out of the promo 0% on purchases (or was it balance transfers, like I said, nearly 5 years ago) and I got a $3K increase to $10K in 8/2011, three months before the 12 months was up and in the past 4 years, no more CLI's; still at $10K.

I worked for a small bank up until about a year ago and that is what they did as well; called it a proactive credit line increase by granting one increase before the first year was up-if eligible. After the 12 months passed, the bank was required to obtain updated income information before an increase could be given. As always, YMMV (I always have to say that because some mental giant will come in and say "that's not true! I got xxxxx three times in the past two years!"). There are ways banks can estimate income (one of the credit bureaus has an estimator that apparently complies with CARD Act) and that could be why some banks may give an auto CLI after the first 12 months with no update by the cardholder; however, that seems to be rare.

So to sum up what I typed: many banks, with high usage, will grant one auto CLI in the first 12 months and after that, require you to request it. And with Chase, that will be a hard inquiry. If Chase is your main, go to bank, than a silly HP is worth a credit line increase. As others have said, this is a person by person example and may not be your experience (Your Mileage May Vary).

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

Postby Whatamuji » Sun Jul 12, 2015 12:18 am

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)?
Kohls: $300, Discover IT: $1.8k, Capital One Quicksilver: $2k, Amazon Store Card: $2.2k, BoA Cash Rewards: 1k, Chase Freedom: 3.2k, AMEX HHonors 3k



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