Key takeaways
- You can request a credit limit increase with Chase online or over the phone. You can also receive a targeted offer or receive an automatic limit increase.
- Requesting a credit limit increase with Chase can help with financing, flexibility, and building credit.
- To be eligible, you should have a good credit score, low debt-to-income ratio, and good account history.
- Wait at least six months after account opening before requesting an increase with Chase.
Expanding your available credit, boosting your credit score, or financing a large purchase are all excellent reasons to request a higher credit limit. If you have a Chase credit card, the process of requesting a credit line increase is straightforward as long as you’re eligible. A short online request form or a quick call to Chase customer service could help you secure a higher credit limit within minutes.
Before you request your credit line increase with Chase, you’ll want to know what it takes to get approved and what your options are if you’re denied.
Who is eligible?
Typically, credit card issuers pay attention to three factors when considering your eligibility for a credit line increase:
- Debt-to-income (DTI) ratio
- Account history
- Credit score
If there’s a lapse in any of these areas, it could impact your chances of getting approved for a credit limit increase. Let’s say you have a credit score that’s seen better days due to a few late payments on your Chase credit card. Since that affects both your account history and your credit score, you may find it difficult to qualify for a Chase credit card limit increase. Instead, you’ll want to make sure all of your payments are made on time and your credit score is in the good to excellent range.
If you find yourself below the threshold, take steps to build your credit score before asking for an increase. You should also keep in mind that a credit limit request may come with a hard credit pull, which could temporarily drop your score by up to 10 points.