Of course, this should only be done if adding a new credit card makes sense for your personal situation.Ĭhase offers a slew of credit card products for every type of borrower. Open a new Chase credit cardĪnother way to increase your credit limit is to open a new credit card. The decision is usually instant however, it can sometimes take up to 10 business days for the determination to be made. Once this information is received and reviewed by Chase, you’ll typically be notified by email with Chase’s decision. Annual non-taxable income (if applicable).This information includes personal details, such as: Regardless of how you go about it, you’ll need to provide some basic information for the request to be processed. Since you’re making the request, the inquiry into your credit will be a hard credit pull, which could impact your credit score. Remember that credit card issuers aren’t obligated to approve your request, so ask for an increase in a courteous manner.īy submitting a request for a credit-limit increase, you authorize Chase to obtain a copy of your credit report to determine if the request can be approved. You can use talking points like your history of on-time payments, frequent use of the card, improved credit score, or an increase in income. You might also find these phone numbers helpful:īefore you make the call, be prepared to explain why you deserve a higher limit. Start with the number on the back of your card. You can hop on the phone with a Chase representative to initiate a credit line increase request. If you can’t wait - or don’t want to wait - to be considered for a credit-limit increase, you can initiate the process by reaching out to Chase directly. How often these automatic bumps occur varies - and even if you’re a loyal customer who pays your balance in full every month, the automatic increase still may not happen on its own. If Chase decides to increase your limit after reviewing your account, you’ll get the increase without your credit score being affected. These credit inquiries are considered soft pulls, so they don’t impact your credit. Wait for an automatic credit-limit increaseĬhase, like many other credit card companies, may automatically increase your credit limit if you demonstrate a history of responsible borrowing, but this isn’t guaranteed.Įvery so often, credit card lenders will pull your credit for regular account maintenance or in order to send you offers for bank products, such as new credit cards or balance transfer offers. With several ways to go about it, you should be able to submit your request and have a decision in no time.ġ. Luckily, the process for increasing your Chase credit limit is as straightforward as can be. Increasing your Chase credit limit is a simple process, but there are a few things you should know in order to increase your odds of getting the increase and not damaging your credit in the process.ģ ways to increase your Chase credit limit By increasing your available credit, you can decrease your credit utilization a lower credit utilization shows lenders you’re not stretching yourself beyond your means. Whether you need it now or think you’ll need it later, having a higher credit limit can definitely give you peace of mind.Īside from increasing your purchasing power, credit limits also have a direct impact on your credit score.
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