Credit Card Forum
  1. #1
    Centurion Member
    Join Date
    Mar 2012
    Location
    Atlanta, GA
    Posts
    107

    Default When does Chase increase your credit limit?

    (Updated for 2013) I'm so sick of this $500 limit. I've probably paid it off 10 times in the last 3 months.

    Do they auto-raise it after 3 or 6 months?
    American Express '02: Platinum, Blue Cash Preferred 6k, SPG 2k, Delta Gold 1k
    Barclaycard '11: Apple Financing Card 2.5k
    Citi: Diamond Rewards 1.5k
    Chase: Freedom 500
    Discover '12: Discover IT 1.5k
    Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiTweet this Post!
    Reply With Quote Reply With Quote

  2. #2
    Centurion Member
    Join Date
    Jun 2011
    Location
    New York state
    Posts
    1,381

    Default

    It depends on how much you spend for that month, so looking at your last 3 months assuming you are purchasing items or going out to dinner lunch and your purchases are around 400.00 or more and you're paying your bill in full, they should raise your credit limit .

    But if you are only using card for total purchases of around 200, this might not raise your limit.

    The best method is to open a new Chase card and then transfer a chunk of the limit over to your other card. That way you may get a bonus and credit limits on new accounts seem to be higher than what is given during credit limit requests.

    With my Discover card I don't remember what my credit limit use to be, but when me and my cousin went on a cruise a few years ago I charged over a thousand, paid my bill in full, and now I have a 5,500 limit.

    You've only had this card about 3 months, Give it some time and continue to use it and pay in full, then around November see if you get a higher credit limit. If you don't let us know so we can try and figure this problem out. They may see that you are 2 aggressive for 3 months in a row always charging the minimum, this might be the reason you are stuck at 500.00.

    What you might think about doing for the next 3 months, use the card 1 month spend around 500.00, the second month around 300.00, final month spend around 200.00, and see if there's some changes.

    If after this your still only given a 500.00 limit, use your card 1 month and spend around 350.00. pay in full if there's no changes after this. Then I would call an account mgr explain the situation tell them you want a higher limit.
    Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiTweet this Post!
    Reply With Quote Reply With Quote

  3. #3
    Centurion Member
    Join Date
    Aug 2011
    Location
    Phoenix
    Posts
    947

    Default

    Opened my Freedom 11/2010 with $7K limit. 9 Months later 8/11 they bumped me up to $10K and it has not moved since.

    My Slate has not had a credit line increase since I requested one in 9/07. I rarely use the card.

    I'd give it 6-9 months (from open date) and you should receive an increase; though probably one you won't be doing carthweels over. I have not heard people talking about Chase auto CLI's much anymore. It seems that they give you a training wheel credit line at first to see how you handle it and then give one auto CLI within the first year and then it stops. Because of CARD Act banks have to have updated income info; so since your account is new they can use the income info provided on the application for the first CLI. Any subsequent increases will require you to apply and provide updated income info. And it will cost an inquiry (but if you get the CLI it was worth the inquiry-people focus way too much on inquiries).
    Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiTweet this Post!
    Reply With Quote Reply With Quote

  4. Centurion Member
    Join Date
    Oct 2011
    Location
    NC
    Posts
    129

    Default

    With CHASE more than likely you will have to ask. just give it few more months, if its not auto, call them.
    American Express: Blue Cash Everyday & PR GOLD 04
    Visa Signature: BankAmericard Travel Rewards w/EMV, 06 & Chase Freedom, 06 & SP,12
    World Elite Master Card w/EMV: Citi Dividend, 05 & Citi Thank You Preferred, 06
    Discover: It, 12

    Store Cards: Best Buy, 02 & Home depot, 08
    Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiTweet this Post!
    Reply With Quote Reply With Quote

  5. #5
    Gold Member
    Join Date
    Mar 2012
    Location
    San Diego, CA
    Posts
    32

    Default

    Just for reference. I've had my Chase Amazon Visa for 1 year and 1 month and have NOT received an auto increase. I keep my utilization just around 30% each month. I pay in full each month as well. Never missed a payment.

    One of the easiest ways to increase your credit limit is to open up another Chase card and then transfer part of the credit line to your other card with them. You probably will have better luck getting a high CL that way then you will if you ask for a credit limit increase on an existing account (and that will still require a hard pull so you might as well get a new card instead).
    Capital One Quicksilver: Since 08/2013
    Chase Amazon Visa: Since 07/2011
    Amex Gold Premier Rewards: Since 11/2011, NPSL

    Previous:
    Capital One Platinum: Since 10/2008 upgraded to Quicksilver
    Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiTweet this Post!
    Reply With Quote Reply With Quote

  6. #6
    Green Member
    Join Date
    Jan 2014
    Location
    Scranton, PA
    Posts
    2

    Post

    Do they auto-raise it after 3 or 6 months?

    (Probably a little late of a reply but just in case anyone is reading this)


    I can say, 100% they do. I got an Auto increase from $5,000 to $7,500 after three months. I'm sure some stuff plays a factor such as utilization and all that good stuff. But at the time I had a balance of I think close to a thousand (that I did NOT pay off right away, I was making monthly payments of twice the minimum or more) and still got an increase. Had the card since March of 2013 and got the increase in June.

    As of today though, I have a balance of $5,100 and have not got an auto increase since. So I can't say if they do it periodically. They may, but you might have to have a low balance.

    I'll be applying for an increase the same day as I apply for the 3X on my AmEx BCP (hoping to transfer the debt from Chase to Amex to keep the utilization under 30%)

    I'll post the results so people can compare their situation to mine and better determine what they could be eligible for.

    But yeah, You should have no problem getting that Auto CLI.
    Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiTweet this Post!
    Reply With Quote Reply With Quote

+ Reply to Thread
 
These forum posts are not provided or commissioned by the bank advertiser. Posts have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.
Advertiser Disclosure: The credit card offers that appear on this site are from credit card issuers from which CreditCardForum.com receives compensation. This compensation may impact how and where products appear on this site, including the order in which they may appear within listing categories. CreditCardForum.com does not include all credit card offers that might be available to consumers in the marketplace.