Does Chase increase your credit limit automatically?

Discuss the Visa & MasterCard payment networks as well as cards that operate through them.
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Does Chase increase your credit limit automatically?

Postby m20e3087 » Tue Jun 05, 2012 5:21 pm

Does Chase increase your credit limit automatically? In my case its chase freedom visa.
American Express: Blue Cash Everyday & Platinum

Visa Signature: BankAmericard Travel Rewards, Chase Freedom Unlimited, & Chase Sapphire

Visa Infinite: Chase Sapphire Reserve

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Postby DavidNY » Tue Jun 05, 2012 7:46 pm

Chase has never automatically increased my credit line on my Freedom account.

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Postby Ratfacedudeguy » Tue Jun 05, 2012 8:58 pm

They never did with my old Slate card either, despite the embarrassingly low $400 limit they gave me. That card has since been closed.
Amex Green - NPSL - 05/12
Amex Zync - NPSL - 06/12
Discover it - $7750 - 11/12
Chase Sapphire Preferred Visa Signature - $5000 - 11/12
SECU Platinum Visa - $5000 - 08/08
Bank of America Cash Rewards Platinum Plus Visa - $3000 - 06/08
Citi Diamond Preferred Mastercard - $3000 - 05/12
GECRB Old Navy Visa - $2500 - 11/12
Chase Amazon Visa - $2000 - 11/12
Chase Freedom Visa - $2000 - 07/12
Citi Thank You Visa - $1000 - 06/12
Amex Blue Cash Everyday - $1000 - 01/13

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Postby CC Deville » Wed Jun 06, 2012 5:32 pm

I have not received an auto CLI on my Slate MasterCard since 2002 (before the Chase Manhattan Bank One merger) but then again I rarely use it.

My Chase Freedom was opened 11/10 with a $7K limit. In August 2011 they gave me an auto CLI of $3K to bring it to $10K.

Chase, like many other creditors, is going to want to see usage in addition to decent credit scores before they give CLI's. Also, with the CARD Act now banks have to ask for income, so if your account is older, they don't have updated income/employment info. This is why you are starting to see credit card companies send out pre-approved credit line increase offers that require the cardholder to call in and provide income info before it can be approved (not all banks do this and I have not heard of Chase doing this-as with anything your mileage may vary). In my case with the Freedom auto CLI the account was only 9 months old so they had my recent income info on file.

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Postby jeffysdad » Wed Jun 06, 2012 6:45 pm

I think post-meltdown things are different. I've had accounts at Chase for years and if I remember the early days correctly, I got bumps every now and then. Same for B of A. I've got what most people would consider to be a ridiculous amount of available credit, at least for my income. However, most of it was acquired back in the days when banks were begging people to borrow more. I've kept my nose clean so none of them have cut me, except for B of A, which sliced my $55k limit on one card down to $20k or something a few years ago. Oh well.
American Express: Blue Cash Preferred (groceries, 6%; gas, department store, 3%); Gold Delta SkyMiles (Delta Air Lines, 2 miles/dollar, free checked bag).
US Bank: Cash+ (utilities, phone, internet, restaurant, 5%; drugstores, 2%).
FIA Card Services: Fidelity Amex (everything, 2%); Fidelity Visa (everything, 1.5%).
Chase: Freedom (rotating, 5%); Amazon (, 3%); PriorityClub (IHG hotels, 5 points/dollar); Sapphire (not in use).

*All cards are registered with PriorityClub IDine program for 8 points/dollar at participating restaurants.

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Postby FutureBillionaire » Wed Jun 06, 2012 6:54 pm

What do you think is a large amount of available credit? 100% of total yearly income?
Gas: Discover It, Penfed Platinum Rewards x2, Chase freedom, Citi TYP
Plane tickets: CSP
Groceries: AMEX BCP, Penfed Platinum Rewards,Citi TYP
Clothes: Express, Amex BCP, Discover IT
Amazon: Citi Forward, Cash +
Restaurants: Citi Forward, Chase Freedom, Discover IT, CSP
Hotels and other travel: Discover Escape, CSP
Movies: BofA travel rewards visa signature(fandango), Discover IT, Citi Forward, Freedom
Bars, clubs, tomfoolery: CSP, Citi Forward, Discover IT, Freedom
Balance transfers: Kroger 123 rewards
Bill Pay: Chase Ink Plus, Citi Forward
Everyday spending: Bofa Accelerated cash rewards amex, Discover Escape

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Postby NYC_Dweller » Wed Jun 06, 2012 11:02 pm

had the chase freedom card for 10 years (it wasn't called freedom back in the day). my cl increased 60% throughout the years. this happened automatically since i never requested a cli with them.

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Postby PlatinumAMEX94 » Thu Jun 07, 2012 1:02 am

FutureBillionaire wrote:What do you think is a large amount of available credit? 100% of total yearly income?

JCarter has a large amount of available credit. lol. His credit lines are beyond insane!
American Express Platinum Personal, Member since 94
Chase United Explorer - Visa Signature
Chase Sapphire Preferred
American Express Business Simply Cash

American Express Costco Business, American Express Platinum Business
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Citibank ThankYou Premier World MasterCard - Card Member since 91, 25k
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