You should be prepared to make a case for why you deserve the increase. A new credit card means a credit line increase. How to Ask For A Capital One Credit Limit Increase. It’s good to know what your current credit limit is before you request … This compensation may impact how and where products appear on this site, including, for example, the order in which they may appear within listing categories. Before you pursue a credit limit increase, you need to make sure you have all the information you need to complete the process successfully. To speak to a representative about reconsidering your Chase credit card application, call the reconsideration line. But don’t worry, there are few consequences to being denied for a credit limit increase – especially if they didn’t pull your credit report. They're open Monday to Friday from 1PM to 10PM. By providing my email address, I agree to CreditCards.com’s For example, you might tell them something like, “I’ve recently switched loyalty programs to Southwest and want to maximize my spending for Southwest’s loyalty program. Also, Barclays is great at matching the current limits you have with other issuers, (if you were not matched then call the reconsideration line and ask them to match it). Lenders are primarily concerned with how responsible their customers are going to be with their credit lines. If you currently have relatively low credit lines with Chase but you just improved your credit score over the past few months, there’s a good chance you’ll be in-line for a credit line increase very soon. Occasionally, Chase might increase your credit limit without you putting in a request. Privacy Policy. First, you should decide what credit line you’d like to have. Hate it or love it, your credit score is considered a strong indicator of how responsible you are but sometimes you also need to explain why you need more credit. There’s no official limit to the number of Chase credit cards you can have. You need to make sure to do the following: One of the worst things that you could possibly do is miss a credit card payment or have a late payment. UponArriving and CardRatings may receive a commission from card issuers. Stay away from trying to double your current limit and instead come up with a number that works for your without asking for too much too fast. Reconsideration (Personal): 888 … “Customers who open multiple credit cards, regardless of issuer, and request limit increases in a short period of time, might be declined.”. See Related: 6 things to know before requesting a credit-line increase. Tip: Consider maximizing your cash back with one of the best cash back credit cards available: the Chase Freedom Flex. Tip: Automatic credit limit increases and targeted offers do not result in a hard pull to your credit, as the issuer already determined that you qualify for the boost with the information they had readily available. Chase Ultimate Rewards can be transferred to airlines like Southwest and British Airways, as well as a variety of hotel chains. It is not the bank advertiser’s responsibility to ensure all posts and/or questions are answered. The phone number is 1-888-270-2127 and the hours of operation are usually: 7am to 10pm EST Monday through Friday 8am to 1pm EST Saturday payment history makes up 35% of your FICO credit score, does not directly affect your credit score. They open Monday through Friday from 1 pm to 10 pm. The good news is that the dip in your credit score will only be short-term and the hard pull will eventually fall of your credit report completely! Once you are armed with knowledge of your credit score and payment history, you can request a higher credit limit. If you haven't heard from them and want to talk to someone, you can call: Chase Customer Service: 800-432-3117; Chase Application Status: 800-436-7927; What to Say on a Reconsideration Call This is usually the only way to increase your credit line with Chase without incurring a hard pull on your credit score which is fantastic. Like many banks, Chase will often require you to wait about six months before they will consider increasing your credit limit. One down from $10,500 to only $500 and the other from $3600 to $500. Chase, American Express (with existing relationship), and Capital One are all known to approve applicants for a high credit limit (My personal experience was always best with Chase). You might think that you are unlikely to be approved for more credit, but a CreditCards.com poll actually found that 85 percent of people who ask for a higher credit limit get one. For desiring a credit limit increases can also affect your credit report, but you have. 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