Best credit cards for soft pull auto CLI's

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p51
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Best credit cards for soft pull auto CLI's

Postby p51 » Tue Feb 17, 2015 3:21 pm

Hello,

I recently received a pre-selected offer for Citi Diamond Preferred & a pre-qualified for a Capital One Platinum Mastercard. Haven't pulled the trigger on either..yet. Has a few inquires in December & am letting them age for a little bit I want to add one more personal credit card to my roster, and a Simply Cash AMEX for my business.
I want cards that will grow with me. I don't want to haggle over CLI's. What cards have the best track record in regards to CLI's.

Thanks
Capital One secured opened May 2012 -- $1401 ($1200 of my own money to increase limit) I will be closing this as soon as I qualify for an AMEX Simply Cash business card (hopefully this summer).
Amex PRG opened Nov 2014 -- No preset spending limit
Chase Freedom Nov 2014 -- $4000
Bank of America Cash Rewards Nov 2014 -- $2500


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CarefulBuilder14
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Postby CarefulBuilder14 » Tue Feb 17, 2015 4:24 pm

Most lenders aren't going to be giving you big limits. Try a credit union. You can also try Discover and see if their semi-incomprehensible credit analysis favors you with a big limit.

Is there a particular reason you want big limits suddenly? I can see you're desperate from the fact you're even considering those mailed offers. You have a Freedom and PRG. Those offers should be junk mail for you.
Very useful: SchwabPlat, CSP, IHG, Costco (was AA Plat), Freedom, SPG, Prestige (retention)
Somewhat useful: Discover, ED (was EDP), BCE, Hyatt
SD with activity alerts, might close: Arrival

Might add: Proper business card, CSR, Ritz, Delta Gold, First Tech, BofA Travel PH, Aviator Red

p51
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Postby p51 » Tue Feb 17, 2015 5:06 pm

CarefulBuilder14 wrote:Most lenders aren't going to be giving you big limits. Try a credit union. You can also try Discover and see if their semi-incomprehensible credit analysis favors you with a big limit.

Is there a particular reason you want big limits suddenly? I can see you're desperate from the fact you're even considering those mailed offers. You have a Freedom and PRG. Those offers should be junk mail for you.



Great points.
You're right, I shouldn't even be considering those offers. Guess I'm just trying to rush the process. After years of being credit unworthy, these offers can be somewhat intoxicating.
I'm going to stay in the garden until this summer & reapply for the AMEX Simply Cash.

Thank you
Capital One secured opened May 2012 -- $1401 ($1200 of my own money to increase limit) I will be closing this as soon as I qualify for an AMEX Simply Cash business card (hopefully this summer).
Amex PRG opened Nov 2014 -- No preset spending limit
Chase Freedom Nov 2014 -- $4000
Bank of America Cash Rewards Nov 2014 -- $2500

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lobbythis
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Postby lobbythis » Tue Feb 17, 2015 8:06 pm

Definitely stay away from that CapOne. It can't touch anything you already have.

Citi would be personal preference. I want to get my relationship started with them as well, but have been denied in the past. When I review the credit pulls database, anyone getting good limits with Citi is well into the 700s with their scores. So, I wouldn't expect anything miraculous with high limits until your score gets close to that level.

p51
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Postby p51 » Tue Feb 17, 2015 8:14 pm

lobbythis wrote:Definitely stay away from that CapOne. It can't touch anything you already have.

Citi would be personal preference. I want to get my relationship started with them as well, but have been denied in the past. When I review the credit pulls database, anyone getting good limits with Citi is well into the 700s with their scores. So, I wouldn't expect anything miraculous with high limits until your score gets close to that level.


Looks like i'll be waiting a bit longer. I'm in between 685-695 now.
Capital One secured opened May 2012 -- $1401 ($1200 of my own money to increase limit) I will be closing this as soon as I qualify for an AMEX Simply Cash business card (hopefully this summer).
Amex PRG opened Nov 2014 -- No preset spending limit
Chase Freedom Nov 2014 -- $4000
Bank of America Cash Rewards Nov 2014 -- $2500

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Postby Battery111 » Tue Feb 17, 2015 8:49 pm

Personally I would say a revolver with Amex. But I'm thinking the scores need to improve a tad before that's realistic. On the other hand, with the PRG, you don't have much to lose by applying. It should only be a SP if declined so the application itself won't hurt your score.

This isn't meant to mean the business card you're looking at necessarily. I'm not really sure how that works since they're two different entities. Even if both are under your SSN I'm not sure if the general AMEX SP policy applies across personal and business cards. It may, I just don't know.
Citi AAdvantage Executive World Elite MasterCard
AMEX Platinum
AMEX Everyday Preferred
USAA AMEX
Discover IT
Chase Freedom
Chase Sapphire Preferred
NFCU nRewards Visa

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CarefulBuilder14
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Postby CarefulBuilder14 » Tue Feb 17, 2015 10:26 pm

I'd also point out that it may be better to just take an occasional hard pull for a CLI on a card you like. Chase rarely gives auto-CLIs and requires a HP for customer requests, but your Freedom could eventually reach $20k+.

Then again, I'm firmly in the 'Rewards trump CLs' camp as you've probably realized.

I don't know how high CLs on regular BofA cards can go (outside of the ML card lineup).

The only auto-CLI I've ever gotten was about two weeks ago, taking Brooks Bros from $1,260 to $1,560. That's a gimmick - not a serious reevaluation of my credit risk. And I've not heard of anyone with a CL on that card above $4.5k.

I suggest finding cards with rewards you like, that also have the ability to grow over time - but with possible HPs. That would rule out some issuers completely, and also many cards from other issuers, but the remaining list of possible cards would still be long.

My $6k BCE sits in my wallet for weeks on end and even if it were $18k, would still be about as practical as a glass hammer. My $2k Freedom, by contrast, is an absolute workhorse.
Very useful: SchwabPlat, CSP, IHG, Costco (was AA Plat), Freedom, SPG, Prestige (retention)
Somewhat useful: Discover, ED (was EDP), BCE, Hyatt
SD with activity alerts, might close: Arrival

Might add: Proper business card, CSR, Ritz, Delta Gold, First Tech, BofA Travel PH, Aviator Red

p51
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Postby p51 » Wed Feb 18, 2015 8:33 am

CarefulBuilder14 wrote:I'd also point out that it may be better to just take an occasional hard pull for a CLI on a card you like. Chase rarely gives auto-CLIs and requires a HP for customer requests, but your Freedom could eventually reach $20k+.

Then again, I'm firmly in the 'Rewards trump CLs' camp as you've probably realized.

I don't know how high CLs on regular BofA cards can go (outside of the ML card lineup).

The only auto-CLI I've ever gotten was about two weeks ago, taking Brooks Bros from $1,260 to $1,560. That's a gimmick - not a serious reevaluation of my credit risk. And I've not heard of anyone with a CL on that card above $4.5k.

I suggest finding cards with rewards you like, that also have the ability to grow over time - but with possible HPs. That would rule out some issuers completely, and also many cards from other issuers, but the remaining list of possible cards would still be long.

My $6k BCE sits in my wallet for weeks on end and even if it were $18k, would still be about as practical as a glass hammer. My $2k Freedom, by contrast, is an absolute workhorse.


Great points. Applied for a business Amex last month & was denied. Too many recent inquiries & a late from 2010 , which is now paid in full, Going to reapply this summer & go for an AMEX revolver in Dec. Will call for CLI's on Chase & BofA in between those two applications (prob September).
Capital One secured opened May 2012 -- $1401 ($1200 of my own money to increase limit) I will be closing this as soon as I qualify for an AMEX Simply Cash business card (hopefully this summer).
Amex PRG opened Nov 2014 -- No preset spending limit
Chase Freedom Nov 2014 -- $4000
Bank of America Cash Rewards Nov 2014 -- $2500

takeshi
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Postby takeshi » Wed Feb 18, 2015 8:50 am

p51 wrote:I want cards that will grow with me. I don't want to haggle over CLI's.

CL's and CLI's are based on credit so technically all of them will grow with you. Of course, some creditors are more conservative than others and there are exceptions like the CO rebuilder cards.

AmEx is one possible option for CLI's with SP's (on personal anyway) but you also need to consider all the other stuff in determining if a specific card is useful to you. Keep in mind that a business card isn't likely to help your personal credit since most only report to business credit unless delinquent.

If you're getting denials from HP's then you will need to let them age and fall off. HP's will become less of an issue as your file thickens and your credit improves but that will take time.

p51
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Postby p51 » Wed Feb 18, 2015 10:36 am

takeshi wrote:CL's and CLI's are based on credit so technically all of them will grow with you. Of course, some creditors are more conservative than others and there are exceptions like the CO rebuilder cards.

AmEx is one possible option for CLI's with SP's (on personal anyway) but you also need to consider all the other stuff in determining if a specific card is useful to you. Keep in mind that a business card isn't likely to help your personal credit since most only report to business credit unless delinquent.

If you're getting denials from HP's then you will need to let them age and fall off. HP's will become less of an issue as your file thickens and your credit improves but that will take time.


This is good info. Since getting my credit back to a decent rating, i've been very diligent in monitoring my usage. I will keep building my credit the right way.
I've only been rejected for the Simply Cash, which i applied for after getting approved for 3 cards the month before. I won't be submitting any new apps until this summer (at the earliest). I want the biz card so that I can separate funds. I don't know if it was a HP or not since I already have a card with AMEX and it was a denial.
Capital One secured opened May 2012 -- $1401 ($1200 of my own money to increase limit) I will be closing this as soon as I qualify for an AMEX Simply Cash business card (hopefully this summer).
Amex PRG opened Nov 2014 -- No preset spending limit
Chase Freedom Nov 2014 -- $4000
Bank of America Cash Rewards Nov 2014 -- $2500



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