CLI- Do i have to request one or are they given through time?

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nismoZtuner
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Postby nismoZtuner » Wed Jul 31, 2013 1:19 am

Well for the specific card i want a credit increase I only been using less than $210/$600 every month for the past 4 or so months.

-auto pay on 2 bills which i pay in full before the closing date...
-highest amount reported was around but no higher than 450 which was during February of this year...
TU 752 (+4) - [5/9/2014] CK 726 - [11/24/14] EX 725 - [11/20/14] EQ 710
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TCL-$19,800
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MemberSince99
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Postby MemberSince99 » Wed Jul 31, 2013 6:24 am

You are doing it right. That's perfect. Continue to do that, and you'll continue to have excellent credit.

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nismoZtuner
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Postby nismoZtuner » Wed Jul 31, 2013 1:34 pm

MemberSince99 wrote:You are doing it right. That's perfect. Continue to do that, and you'll continue to have excellent credit.


AWESOME! >_<
TU 752 (+4) - [5/9/2014] CK 726 - [11/24/14] EX 725 - [11/20/14] EQ 710

BankofAmerica Cash Rewards [2k] I American Express Blue Cash Everyday [3K] l Discover IT[2.5]

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Inquires: TU(?) EX(?) EQ(?)

TCL-$19,800

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jojo
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Postby jojo » Wed Jul 31, 2013 3:21 pm

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.

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Postby nismoZtuner » Wed Jul 31, 2013 3:31 pm

jojo wrote:It depends on the card issuer.
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.


Bank of America thats the card I want a credit line increase from. $600 credit limit since 8/2012* I will ask for an increase by the end of this week.
TU 752 (+4) - [5/9/2014] CK 726 - [11/24/14] EX 725 - [11/20/14] EQ 710

BankofAmerica Cash Rewards [2k] I American Express Blue Cash Everyday [3K] l Discover IT[2.5]

American Express Premier Rewards Gold [NPSL] I Marriott Rewards Premier [5k]

Chase Sapphire Preferred[7.3]

Inquires: TU(?) EX(?) EQ(?)

TCL-$19,800

Age-22

MemberSince99
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Postby MemberSince99 » Wed Jul 31, 2013 3:35 pm

BofA is known to be generous but usually at the cost of an inquiry.

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Postby Z06Biker » Wed Jul 31, 2013 3:47 pm

I've gotta say of all the banks I've ever dealt with, Barclays are the king of scheisters. They're a great bank, don't get me wrong (with the exception of their quarterly earnings numbers these past few years), but man, do they sure act like it's a real privilege to do business with them. If the folks at Downton Abbey bank with anyone, my guess is that it's Barclays!
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nismoZtuner
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Postby nismoZtuner » Wed Jul 31, 2013 4:07 pm

MemberSince99 wrote:BofA is known to be generous but usually at the cost of an inquiry.


""Current total credit line:$600.00
Total credit line requested*:
(amount entered will be rounded to the next $100) ""

Not sure what amount to ask for..

im think about 2-3k that way they dont deny my request...
TU 752 (+4) - [5/9/2014] CK 726 - [11/24/14] EX 725 - [11/20/14] EQ 710

BankofAmerica Cash Rewards [2k] I American Express Blue Cash Everyday [3K] l Discover IT[2.5]

American Express Premier Rewards Gold [NPSL] I Marriott Rewards Premier [5k]

Chase Sapphire Preferred[7.3]

Inquires: TU(?) EX(?) EQ(?)

TCL-$19,800

Age-22

MemberSince99
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Postby MemberSince99 » Wed Jul 31, 2013 4:27 pm

I heard they will counter offer you if they think it's too high. I'd ask for 5k I bet you get it.

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nismoZtuner
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Postby nismoZtuner » Wed Jul 31, 2013 5:20 pm

MemberSince99 wrote:I heard they will counter offer you if they think it's too high. I'd ask for 5k I bet you get it.


Im afraid of a denial but I'll put down 5k tho.

I've been putting $30k as my annually wage for Amex and Discover..
TU 752 (+4) - [5/9/2014] CK 726 - [11/24/14] EX 725 - [11/20/14] EQ 710

BankofAmerica Cash Rewards [2k] I American Express Blue Cash Everyday [3K] l Discover IT[2.5]

American Express Premier Rewards Gold [NPSL] I Marriott Rewards Premier [5k]

Chase Sapphire Preferred[7.3]

Inquires: TU(?) EX(?) EQ(?)

TCL-$19,800

Age-22



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