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Chase will do a hard pull for a credit limit increase if the cardholder requests the increase. You can request a higher limit online or by calling (800) 935-9935, and Chase must have your permission before they conduct a hard pull on your credit report.
On the other hand, Chase may offer select customers automatic credit limit increases based on periodic account reviews. This option isn’t guaranteed, but it always involves a soft pull.
When Chase Will Do a Hard or Soft Pull for a Credit Limit Increase
- If you contact Chase to request a credit limit increase: Hard Pull
- If Chase reviews your account for an automatic credit limit increase: Soft Pull
- If you decline a Chase credit limit increase offer and request a higher amount: Hard Pull
It’s important to note that when Chase conducts a hard pull on your credit report, you may see your credit score drop by a few points, but only temporarily. Soft pulls, on the other hand, do not affect your credit score.
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People also ask
Does requesting a credit limit increase hurt your score?
Requesting a credit limit increase can hurt your score, but only in the short term. If you ask for a higher credit limit, most issuers will do a hard “pull,” or “hard inquiry,” of your credit history. A hard inquiry will temporarily lower your credit score. Bank of America, Barclays, Chase, U.S. Bank and USAA will conduct a hard inquiry if you request a credit limit increase. American Express, Capital One and Wells Fargo will not. Citi will...
read full answer by WalletHub, Financial CompanyHow do I request a credit limit increase with Chase?
You can request a Chase credit limit increase by calling customer service at 1-800-432-3117. To raise your chances of being approved for a higher credit limit, pay your bill on time for at least six straight months, reduce your outstanding debt, and update the income Chase has on file. Chase will be more likely to increase your credit limit if the revised income clearly shows that you can afford a higher limit.
Impact of...
read full answer by John Miller, Credit Cards ModeratorDoes Chase automatically increase credit limits?
Chase will automatically increase the credit limit for eligible credit card accounts based on periodic account reviews that typically begin six months after an account is opened. Automatic credit limit increases are done at Chase’s discretion, and there’s no guarantee when one will occur.
How to Get an Automatic Credit Limit Increase From Chase
You don’t have to do anything for Chase to review your account for an automatic increase. However, taking the...
read full answer by Chip Lupo, Credit Card WriterDid we answer your question?
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