How do I get a Chase Freedom Unlimited credit limit increase?

The Chase Freedom Unlimited offers a $500 minimum credit limit for everyone who’s approved. Applicants with the best credit standing can also get starting credit limits of $5,000 or higher from the Visa Signature version of the Chase Freedom Unlimited. Signature cards come with a few more supplemental benefits than the standard Visa Platinum cards other approved applicants receive.… 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 almost $14,000. If you want a limit that high, you’ll need spotless credit, a very high income to afford the payments, and low existing debt.

Chase Freedom Unlimited Credit Limit Increase

Keep in mind that 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 your Chase Freedom to Chase Freedom Unlimited. To upgrade, call customer service at (800) 945-2000. The representative will review your account to make sure you’re eligible.

What you should know about the Chase Freedom Unlimited upgrade:

• You can upgrade to Chase Freedom Unlimited once the Chase Freedom account has been open for at least 12 months.… read full answer
• 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 initial bonus. You will, however, benefit from the 1.5 - 5% cash back earn rates on your purchases 1 to 2 days after the product change.
• The card number and APR will remain the same. But the new Chase Freedom Unlimited card will come with an updated 3-digit security code, so you will need to activate the card before you can use it.

To increase the odds of getting an upgrade, make sure your Chase Freedom account is in good standing. That means you should have a clean payment history and a low utilization ratio, preferably less than 30 percent of your overall credit limit.

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

Here’s what you need to know about requesting a credit limit increase:

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.