You can request a Chase Freedom Unlimited® credit limit increase by calling customer service at (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.
When you request a Chase Freedom Unlimited credit limit increase, Chase will conduct a hard pull of your credit report, which will cause a short-term dip in your credit score. Chase cannot do a hard pull without your permission, though.
Alternatively, you could be eligible for a Chase Freedom Unlimited credit limit increase without even requesting one. The Chase Freedom Unlimited card may offer an automatic credit limit increase if Chase's regular review of your account shows a history of on-time payments and low debt. An automatic credit limit increase involves a soft pull, which does not affect your credit score.
The Chase Freedom Unlimited credit limit is $500 or more for everyone who’s approved. The most creditworthy applicants can get starting credit limits of $5,000 or higher. Chase Freedom Unlimited cardholders who start with a limit of at least $5,000 get the Visa Signature version of the card instead of a Visa Platinum card. Signature cards come with a few more supplemental benefits from Visa. … read full answer
Chase doesn’t publicly disclose a maximum credit limit for the Chase Freedom Unlimited card. But some customers have said that they have received limits of $20,000 or higher. If you want a limit that high, you’ll need spotless credit, a very high income to afford the payments and low existing debt. Just keep in mind that no matter what limit you get, it’s not permanent. You can ask Chase for a Chase Freedom Unlimited credit limit increase by calling the number on the back of your card. It’s best to try that after at least half a year of on time bill payments.
Yes, you can upgrade Chase Freedom to Chase Freedom Unlimited®. To upgrade, call customer service at (800) 945-2000, enter your account information, and ask to speak to a customer service representative when prompted. Tell the representative you’d like a product change from Chase Freedom to Chase Freedom Unlimited. The representative will review your account to make sure you’re eligible. The odds of getting an upgrade are highest if you’ve had the Freedom card for at least a year with a clean payment history and a low … read full answerutilization ratio. It should take just a few minutes to receive a decision, and it won’t hurt your credit score because there’s no hard inquiry.
If you’re approved for an upgrade from Chase Freedom to Chase Freedom Unlimited, you will not be eligible for the Chase Freedom Unlimited’s $200 initial bonus offered for spending $500 in the first 3 months. You will, however, benefit from the 1.5 - 5% cash back earn rates on your purchases 1 to 2 days after the product change.
When you upgrade from Chase Freedom to Chase Freedom Unlimited, the card number will remain the same, and account information such as the credit limit and APR will transfer to the new card. The new Chase Freedom Unlimited card will also come with an updated 3-digit security code, so you will need to activate the card before you can use it. But, since the upgrade does not show up on your credit report as a new account, the move will not affect your credit score.
You can request a credit line increase every 4-6 months, or even more frequently. But your chances of being approved for an increase are best if you wait at least 6 months from when you opened your account or last requested a higher limit. If you request an increased limit right after being approved for a new card, it’s unlikely that anything will have changed since the issuer made its initial decision about your credit limit. If you wait 6 months and manage your account responsibly in the meantime, however, you’ll have proven that you can handle your current credit limit.… read full answer
When you request a credit line increase, the issuer will ask about your current gross income, employment status, key financial obligations, etc. Once you’ve made a request, you should generally wait 6-12 months before submitting another. You can ask for another credit limit increase earlier if your financial situation changes, though. For instance, receiving a raise from your job is a great time to ask for an increase since you’ll have more money to spend. Anytime your overall income goes up, you could be eligible for a limit increase.
Requesting a credit line increase is easy, and you’ll often receive a decision quickly—either instantly or within 10 business days. Just make sure to request an increase when you have the greatest chance of being approved. Asking for a credit limit increase usually leads to a hard credit inquiry, which can cause a temporary dip in your credit score. While your score will recover, it’s best to avoid numerous hard inquiries in a short period of time, especially if you need your credit to be in good shape for a particular reason in the near future.
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