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Hoyt 
Alabama Fan
Alabama 21 LSU 0
Member since Aug 2011
875 posts
| Asking for a Limit Increase (Chase Freedom) (Posted on 10/8/12 at 1:22 pm)
My limit is currently $1500 per month and I never carry a balance. I'm a responsible card user and only use it for the rewards. Do I just call and ask for an increase and how much should I ask for? I would like about $2000-$2500...
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BACONisMEATcandy 
LSU Fan
My opinions are my own
Member since Dec 2007
37938 posts
| re: Asking for a Limit Increase (Chase Freedom) (Posted on 10/8/12 at 1:25 pm to Hoyt)
1st thing is 1st... How long have you had the card? Credit Card companies generally will not even consider giving a increased credit limit without having the card for at least 6 months 
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Hoyt
Alabama Fan
Alabama 21 LSU 0
Member since Aug 2011
875 posts
| re: Asking for a Limit Increase (Chase Freedom) (Posted on 10/8/12 at 1:26 pm to BACONisMEATcandy)
1 year this month
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BACONisMEATcandy
LSU Fan
My opinions are my own
Member since Dec 2007
37938 posts
| re: Asking for a Limit Increase (Chase Freedom) (Posted on 10/8/12 at 1:34 pm to Hoyt)
Then it should be fine no problem. I would go with a little more than you think you will need because you sound responsible enough not to use the credit simply because you have it.
I would ask for 3,000 - 3,500.
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Powerman
LSU Fan
Corpus Christi, TX
Member since Jan 2004
116244 posts
 Online
| re: Asking for a Limit Increase (Chase Freedom) (Posted on 10/8/12 at 1:51 pm to Hoyt)
quote:
My limit is currently $1500 per month
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Will Cover
Boise State Fan
Boise, ID
Member since Mar 2007
22590 posts
Online
| re: Asking for a Limit Increase (Chase Freedom) (Posted on 10/8/12 at 1:56 pm to Hoyt)
quote:
My limit is currently $1500 per month and I never carry a balance. I'm a responsible card user and only use it for the rewards. Do I just call and ask for an increase and how much should I ask for? I would like about $2000-$2500...
Are you looking to purchase something around the $2500 mark shortly?
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BACONisMEATcandy
LSU Fan
My opinions are my own
Member since Dec 2007
37938 posts
| re: Asking for a Limit Increase (Chase Freedom) (Posted on 10/8/12 at 1:59 pm to Powerman)
quote:
quote:
My limit is currently $1500 per month
Can you really not comprehend what he is saying here?...Does it really "confuse" you? It makes sense due to the fact he pays it off in full each month. Stop nit-picking 
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wegotdatwood 
Arkansas Fan
Member since Aug 2009
14169 posts
| re: Asking for a Limit Increase (Chase Freedom) (Posted on 10/8/12 at 2:35 pm to Hoyt)
I asked to increase from 2 to 4k. They approved the increase.
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bunky
LSU Fan
FREE EL GUACHO
Member since Jul 2011
4463 posts
| re: Asking for a Limit Increase (Chase Freedom) (Posted on 10/8/12 at 2:53 pm to Hoyt)
You must have shitty credit. They automatically upgraded me to the Double Deluxe Diamond card. $1MM limit.
:ot:
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Swifty
LSU Fan
Member since May 2012
906 posts
| re: Asking for a Limit Increase (Chase Freedom) (Posted on 10/8/12 at 3:12 pm to bunky)
FWIW, I had a good friend that worked for Wells Fargo. He says that they would typically approve a $500 limit increase every 6 months.
I have actually had Wells Fargo increase my limit by $1500 when my balance was within $500 of my current limit without me asking.
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Dead Mike
LSU Fan
Cell Block 4
Member since Mar 2010
1523 posts
| re: Asking for a Limit Increase (Chase Freedom) (Posted on 10/8/12 at 7:11 pm to Swifty)
I had a $1000 limit on my first student credit card. I called to get a minor limit increase and they bumped it up to $5500.
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Will Cover
Boise State Fan
Boise, ID
Member since Mar 2007
22590 posts
Online
| re: Asking for a Limit Increase (Chase Freedom) (Posted on 10/8/12 at 8:58 pm to Dead Mike)
quote:
I had a $1000 limit on my first student credit card. I called to get a minor limit increase and they bumped it up to $5500.
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Tenforty1728
LSU Fan
Baton Rouge
Member since Oct 2012
46 posts
| re: Asking for a Limit Increase (Chase Freedom) (Posted on 10/10/12 at 9:54 am to Hoyt)
You can do requests for limit increases through the online message center as well. Another thing to keep in mind when asking for a limit increase, assuming you're a responsible card user, is that you want to keep your balance under 30% of your limit for credit score purposes. You start to get dinged on your scores if you use a large percentage of the credit available to you.
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Dan
LSU Fan
New Orleans
Member since Dec 2006
2077 posts
| re: Asking for a Limit Increase (Chase Freedom) (Posted on 10/10/12 at 12:04 pm to Hoyt)
I wrote to Chase about their recommendation on how to properly ask for an increase. I'll paste their response below:
quote:
Dear ___________, Thank you for contacting us about the credit line increase on your account ending in ____.
I will be happy to process your request for a credit line increase. In order to do so, please reply to this email with the following information:
* Gross Annual Income (Alimony, child support or separate maintenance income need not be revealed if you do not want to consider these as a basis for repayment. Gross Annual Income is income that you are able to use for repaying your debts. Examples may include income earned from salaries, investments, rental properties, Social Security benefits and retirement accounts.)
* Total credit line you are requesting (Current credit line plus amount of requested increase.)
Further, by submitting a request for a credit line increase, you authorize Chase to obtain a copy of your credit report, credit bureau history and any other information in order to determine if the request can be approved.
After your request has been processed, you will be notified of the outcome via email.
I look forward to hearing from you soon. If you have any further questions, please reply using the Secure Message Center.
Thank you, Sharmila DSouza Customer Service Specialist
I did not continue because my credit had recently been pulled for several things (new vehicle, mortgage pre approval etc.) and figured too many pulls would have a negative effect.
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