nismoZtuner wrote:If credit card companies give credit limit increases without asking them then I will wait.
What do you guys think?
It depends on the card issuer. Here's my experience with various issuers:
Amex - They grant auto CLIs and they're generally receptive to CLI requests with no hard pulls. My auto CLIs came after I used the card at Costco to buy furniture. When my utilization hit ~30%, they gave me an auto CI every time. After I stopped using the card, the limit remained for about 5 years. I recently asked for a CLI up to $25K for the heck of it and they approved.
Bank of America (various cards) - Never saw an auto CLI. They closed all my accounts after 6 months of inactivity. I didn't find this out until I tried to use the cards after 7 months of no use. They were unsympathetic and told me I needed to re-apply for a new card with them. I haven't done business with them since.
Citi - No auto CLIs. My card was issued through an employee program and I never charged more than $400 on a $8K credit line. Maybe that's why.
Discover - Prior to 2004, I got small CLIs. After 2004, I had to request CLIs with no hard pulls. They gave me a $4.5K increase each time I asked.
Chase - Auto CLI of 35% after six months.