CC Deville wrote:I have noticed that ever since CARD Act, Chase has been issuing smaller initial credit lines and then within the first year of cardmembership, they will issue an automatic CLI provided that your credit score hasn't tanked and that you have maintained your new account correctly. They are able to issue the auto CLI within the first year because they have your income on file. If, after the first year passes without an auto CLI, you will need to call and apply for a CLI and give them updated income informaiton. As always, any CLI requests initiated by you will result in a hard inquiry.
To request a CLI you may do so by calling the number on the back of the card or by filing out the request on your Online Account Management. I would seriously wait until May 2013 to request it though. Give it until then to see if they give you an auto CLI.
This actually happen to me last week. I just completed my first year of card membership with Chase and they gave me a CLI of 2000. Not sure if it was because I just payed off the large balance I had on it for a while (was taking advantage of the 0% promo), or cause I used my cashback as a statement credit, or just cause of the year I been with them.
Also, you should max out your card and pay It off multiple times a month so Chase can see how a credit limit increase would be appropriate. Of course you shouldn't let the balance report as 500, just pay It off in full before statement cuts.