Chase Freedom: I've Never Received An Automatic CLI...

Discuss the Visa & MasterCard payment networks as well as cards that operate through them.
36 posts
benhollberg
Centurion Member
Centurion Member
 
Posts: 353
Joined: Mon Apr 29, 2013 6:51 pm
Location: Salt Lake City

Postby benhollberg » Thu May 01, 2014 10:11 am

I don't have Freedom but Chase has never given me an auto CLI on my CSP. I do have another Chase card with a higher limit but I definitely use the SP more. While I do hope they give me an auto CLI sometime I certainly don't expect them to. I don't think I've ever had an auto CLI from any lenders.
American Express Platinum Card
American Express TrueEarnings Card from Costco
Marriott Rewards Premier Visa Signature Card
Chase Sapphire Preferred World MasterCard
Discover It


Dylan1982
Centurion Member
Centurion Member
 
Posts: 323
Joined: Tue Mar 06, 2012 12:15 am
Location: Chicago

Postby Dylan1982 » Fri May 02, 2014 11:17 pm

takeshi wrote:Why are you expecting one? CLI's aren't just given in exchange for time. Your credit and income have to meet the creditor's criteria. Have either of those improved?

I took the liberty to a fast and simple search for "Chase" and "Auto CLI".. You'll be amazed at the results and how wrong you are..

These are jsut a few quotes that I copied and pasted... Enjoy...





CC Deville wrote:Chase is one of the banks (Discover being another) that are notorious for giving an auto CLI within the first year of cardmembership. Use the cr@p out of it, pay on time and you should receive a CLI.

I opened mine 11/2010 and received a $3,000 auto CLI in 8/2011. It is different for everybody but I would suggest letting them do an auto CLI first. All cardholder initiated credit line increases will result in another hard inquiry and there is not guarantee that you will approved. I cannot speak for Chase, but most banks require at least 4 to 6 months of usage to approve a CLI.



Robrus1 wrote:I got an email from Chase offering to raise my credit limit with no hard pull. All I had to do was verify my income and click submit. I got an instant bump from 20K to 23.5K! Chase rocks! I've never seen them do CLIs that way, but it works for me.



Robrus1 wrote:Thanks! October of 2012. I had one auto CLI the first year as well.




linuxmachine wrote:Do you have high utilization on the CSP? I got the same on the freedom when I started to exceed 50% util on that card consistently

Robrus1 wrote:Nope. I spend about 2-3K per month and always PIF. Just like me, I spend about 2-3k and PIF too




dickey1331 wrote:Ive had my Chase Freedom card for 3 months now and just got a $1500 auto CLI.


HookEmHorns wrote:Got a $1,000 auto increase on my Freedom! I have no idea when this happened, but, it was a nice surprise. Anybody else get this?


lexrj wrote:Yup, got one too after 6mo for my CSP.


jumbo wrote:I got $1000 auto cli on my freedom as well, from 5K to 6K... uuhhhoooo..!
Chase Freedom - $12,500 (2/2013)
GM Card - $7,700 (7/2002)
CitiBank (Thank You Preferred) - $6,400 (6/2012)
CitiBank (Diamond Preferred) - $4,600 (6/2012)
Rogers & Hollands - $3,300 (3/2006)
Target REDcard - $3,000 (11/2014)
BestBuy - $1,600 (9/2003)
Discount Tires - $1,000 (2/2004)
Kohl's - $300 (4/2012)

flan
Centurion Member
Centurion Member
 
Posts: 387
Joined: Tue Apr 09, 2013 10:16 pm
Location: chicago

Postby flan » Fri May 02, 2014 11:36 pm

Dylan1982 wrote:I took the liberty to a fast and simple search for "Chase" and "Auto CLI".. You'll be amazed at the results and how wrong you are..

These are jsut a few quotes that I copied and pasted... Enjoy...


Which doesn't disprove the claim, of course, just that you found a bunch of people who tell you they've got auto clis.

I'll make a different one: banks give auto CLI to customers where they think it will make them money. That may be because they think you'll spend more, so you'll pay more in interest (or at least generate more swipe fees), or it may be because they think you're going to put your spend elsewhere.

trumpet-205
Centurion Member
Centurion Member
 
Posts: 221
Joined: Sat Oct 23, 2010 1:51 pm
Location: CA, USA

Postby trumpet-205 » Sat May 03, 2014 12:08 am

Dylan1982 wrote:I took the liberty to a fast and simple search for "Chase" and "Auto CLI".. You'll be amazed at the results and how wrong you are..

These are jsut a few quotes that I copied and pasted... Enjoy...

So?

Just because there are people out there getting CLI does NOT mean it is a general rule of thumb. Those comments you listed prove absolutely nothing. You want to prove that Chase gives CLI as a rule of thumb, compile a statstical analysis and prove it mathematically.

Look, you want the CL, take the HP. Chase is under no obligation to grant extra CL.
In My Wallet:
Citi Forward (12/2010) | Citi TY Preferred (05/2011) | Chase Freedom (11/2011) | GECRB/PayPal (05/2012)
Discover it (07/2012) | AMEX BCP (09/2012) | TD/Target REDCard (10/2012) | Chase Ink Classic (11/2012)
BofA BBR (04/2013) | FNBO/Overstock.com (02/2014) | Barclaycard Arrival (04/2014) | FIA/Fidelity AMEX (04/2014)

Dylan1982
Centurion Member
Centurion Member
 
Posts: 323
Joined: Tue Mar 06, 2012 12:15 am
Location: Chicago

Postby Dylan1982 » Sat May 03, 2014 12:09 am

flan wrote:Which doesn't disprove the claim, of course, just that you found a bunch of people who tell you they've got auto clis.

I'll make a different one: banks give auto CLI to customers where they think it will make them money. That may be because they think you'll spend more, so you'll pay more in interest (or at least generate more swipe fees), or it may be because they think you're going to put your spend elsewhere.

You don't think that I will make Chase money buy solely using my Freedom card for all my purchases? What if I don't PIF? They'll make money off me in interest...
Chase Freedom - $12,500 (2/2013)
GM Card - $7,700 (7/2002)
CitiBank (Thank You Preferred) - $6,400 (6/2012)
CitiBank (Diamond Preferred) - $4,600 (6/2012)
Rogers & Hollands - $3,300 (3/2006)
Target REDcard - $3,000 (11/2014)
BestBuy - $1,600 (9/2003)
Discount Tires - $1,000 (2/2004)
Kohl's - $300 (4/2012)

CC Deville
Centurion Member
Centurion Member
 
Posts: 1075
Joined: Thu Aug 04, 2011 7:07 pm
Location: Phoenix

Postby CC Deville » Sat May 03, 2014 2:02 pm

Dylan1982 wrote:I've had my Freedom card since 2/2013 and was issued a $5k CL.


When 8/2013 rolled around (6 months after establishing my acct) I never got an automatic CLI.. I called in (HP) and got a CLI of $3k totalling for a new CL of $8k.


Now I am past the 1 yr mark, and it has been 8 months since I called in for a CLI and I've still yet to receive an automatic CLI... So what gives??


I use my Freedom card for EVERY SINGLE PURCHASE!!! Bill gets paid in full at the end of every month. And as of March, I made a huge payment of $4,xxx to my bill b/c I bought some things.


My utilization on the card as of right now 38%, but I pay my bill (from my last statement balance) before 5/17 in full....


So I've had the card for 14 months with outstanding usauge and outstanding payment history, yet Chase refuses to give me an auto CLI... Again, what gives, why haven't I gottem and auto CLI??????


I would guess that because you initiated a CLI after 6 months, your account was passed over for the one and only auto CLI. Typically the auto CLI's that banks give within the first year of cardmembership are given when no other CLI had been requested/given. As always, YMMV. After the first year, the banks have to get creative about credit line increases; some banks like Citibank and US Bank will send an email or letter via USPS indicating that you qualify for a CLI and all they need is your updated annual income. Other banks will notify you when you log into online account management that you qualify for a CLI and all they need is some updated income information.

Auto CLI's after the 1st year of cardmembership are extremely rare because banks/credit unions must follow the CARD Act law that require financial institutions to "prove" that you can handle more debt. This is "proven" when they collect an updated annual income amount. *They are allowed to use your income provided on the application for credit for one full year.

I see that you quoted one of my previous posts. I did receive 1 auto CLI from Chase in 8/11 for $3,000 (My Freedom was opened 11/10). I had not received one before then and I did not request a CLI in between. You will also see in my post that I suggested that the cardmember allow the bank to give the auto CLI first-meaning, do not ask for a CLI before your one and only auto CLI. If it makes you feel any better, I have not received a credit line increase since.

That is how things work now after CARD Act. Credit line increases are not impossible to obtain but they aren't the gravy train they used to be before 2008. Chase is absolutely dreadful wherein credit line increases are concerned. Bank of America as well. The absolute best bank for easy credit line increases is Citibank (and AMEX). Any future, uninvited credit line increases from Chase will require that you ask and will require a HP.

Dylan1982
Centurion Member
Centurion Member
 
Posts: 323
Joined: Tue Mar 06, 2012 12:15 am
Location: Chicago

Postby Dylan1982 » Sat May 03, 2014 10:40 pm

trumpet-205 wrote:So?

Just because there are people out there getting CLI does NOT mean it is a general rule of thumb. Those comments you listed prove absolutely nothing. You want to prove that Chase gives CLI as a rule of thumb, compile a statstical analysis and prove it mathematically.

Look, you want the CL, take the HP. Chase is under no obligation to grant extra CL.

Please point out where I said Chase was obligated to give me a CLI... I said as a general rule of thumb, after reading a crap ton of posts on here the amount of auto CLI Chase gave out was astonishing...

And my simple search produced 10 pages of auto CLI given by Chase..


I do not want a HP on my report, that's why I was hoping for an auto CLI...


But it's all good, would jsut be nice to have a larger CL seeing as my Freedom card gets used daily for everyhting....
Chase Freedom - $12,500 (2/2013)
GM Card - $7,700 (7/2002)
CitiBank (Thank You Preferred) - $6,400 (6/2012)
CitiBank (Diamond Preferred) - $4,600 (6/2012)
Rogers & Hollands - $3,300 (3/2006)
Target REDcard - $3,000 (11/2014)
BestBuy - $1,600 (9/2003)
Discount Tires - $1,000 (2/2004)
Kohl's - $300 (4/2012)

trumpet-205
Centurion Member
Centurion Member
 
Posts: 221
Joined: Sat Oct 23, 2010 1:51 pm
Location: CA, USA

Postby trumpet-205 » Sun May 04, 2014 12:39 am

Dylan1982 wrote:Please point out where I said Chase was obligated to give me a CLI... I said as a general rule of thumb, after reading a crap ton of posts on here the amount of auto CLI Chase gave out was astonishing...


First, people including me and other forum members have been telling you there is no such general rule of thumb. Simply because there are people getting auto CLI does NOT make it general rule of thumb. It does not make it an usual pattern.

Setting that aside, this is what you said in the beginning,
Dylan1982 wrote:yet Chase refuses to give me an auto CLI... Again, what gives, why haven't I gottem and auto CLI?????? ..

Someone who is very responsible like me, the couldn't should be, why wouldn't they want to give me a CLI?

This sure sounds to me like a person who felt Chase is obligated to give out CLI.
In My Wallet:
Citi Forward (12/2010) | Citi TY Preferred (05/2011) | Chase Freedom (11/2011) | GECRB/PayPal (05/2012)
Discover it (07/2012) | AMEX BCP (09/2012) | TD/Target REDCard (10/2012) | Chase Ink Classic (11/2012)
BofA BBR (04/2013) | FNBO/Overstock.com (02/2014) | Barclaycard Arrival (04/2014) | FIA/Fidelity AMEX (04/2014)

Dylan1982
Centurion Member
Centurion Member
 
Posts: 323
Joined: Tue Mar 06, 2012 12:15 am
Location: Chicago

Postby Dylan1982 » Sun May 04, 2014 1:29 am

trumpet-205 wrote:First, people including me and other forum members have been telling you there is no such general rule of thumb. Simply because there are people getting auto CLI does NOT make it general rule of thumb. It does not make it an usual pattern.

Setting that aside, this is what you said in the beginning,

This sure sounds to me like a person who felt Chase is obligated to give out CLI.

You're assuming... Quit making assumptions. If I said I was obligated, then I would typed it...

And it seems as a general rule of thumb based of my simple search that there are a ton of members here that have recevied auto CLI's out of the blue.... So what you're saying is wrong, b/c as I stated, Chase is giving out auto CLI.. If that wasn't the case then no member would be stating they got an auto CLI; True or False????

Thanks though...
Chase Freedom - $12,500 (2/2013)
GM Card - $7,700 (7/2002)
CitiBank (Thank You Preferred) - $6,400 (6/2012)
CitiBank (Diamond Preferred) - $4,600 (6/2012)
Rogers & Hollands - $3,300 (3/2006)
Target REDcard - $3,000 (11/2014)
BestBuy - $1,600 (9/2003)
Discount Tires - $1,000 (2/2004)
Kohl's - $300 (4/2012)

RewardHop
Centurion Member
Centurion Member
 
Posts: 307
Joined: Wed Jan 02, 2013 3:43 pm
Location: USA

Postby RewardHop » Mon May 05, 2014 1:12 am

Saw the thread title and well I'm in the same boat. I've always had to ask Chase for a CLI, never auto CLI.
Recently, I got an auto CLI from Capital One, a pleasant surprise.
It is what it is...
[size=60]
Amex BCE: 3% grocery, 2% gas
Bank of America Better Balance Rewards MC: $25/quarter bonus
Barclaycard Rewards Visa Signature: 2% gas, groceries, utilities
Capital One Quicksilver Visa Signature: 1.5% everything
Chase Freedom Visa Signature: 5% rotating
Citi Forward Visa: 5% restaurants/fastfood, movie theaters, amazon.com
Discover It: 5% rotating
SallieMae MC: 5% Groceries, Gas, Amazon
US Bank Cash+ Visa Signature: 5% electronic stores, restaurants
Sock Drawered: Chase Sapphire, Chase Amazon[/size]



Return to “Visa & MasterCard”

Who is online

Users browsing this forum: No registered users and 2 guests