Question about a CLI on a Lowes HI Store Card

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jcarte29
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Question about a CLI on a Lowes HI Store Card

Postby jcarte29 » Wed Feb 04, 2015 12:11 pm

I've searched the forum up and down to make sure this hasn't already been asked...but I'm coming up on the year anni of receiving my Lowes card (approved April 2014). I did get an automatic CL increase of a whopping $300 back in August or Sept at latest.

I don't necessarily need more credit on this card, it's a $5,100 limit and currently my balance is 0. (Only time I need it is when I do a flooring project or other household project cause they let you choose 6, 12, 18, or 24 months no interest on $299+ purchases)

I would love to have a higher limit simply to help out my credit utilization, should i request it now or wait for the year anni? (and should i be bold and ask for a double of it)
Portfolio:
CITI Diamond Preferred $7,000 [06-16]
AMEX Platinum (Charge) [11-16]
AMEX EDay $12,000 [11-14]
Lowes Store $15,000 [4-14]
CSP VISA $6,000 [7-14]
GM MC $9,000 [9-14]
AAdvantage Red MC $10,350 [10-14]
Discover IT $4,500 [03-15]
Chase Marriott VISA $5,000 [04-15]
Cap One Quick $2,600[4-10]


popamode72
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Postby popamode72 » Wed Feb 04, 2015 1:31 pm

Call Credit Solutions or talk to them on the chat. Ask for $25k and they will counter. It's one of those Synchrony cards where you don't have to do much of anything in terms of spending to get a really high limit or any of that statement stuff. I had one for $17k and the starting limit was just $3k before calling.
Macy's TLs (21k), Lowes (17k), CSP (10k), Sam's Club (10k), Nordstrom (5k), AARP (4.2k), Freedom (3k), Discover (1.5k), Quicksilver (2k), BoA (3k), Barclaycard Arrival (2.5k), Amazon Store (6k), Paypal (4.9k), Sam's Club MC (3.6k), Walmart MC (1.2k)

jcarte29
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Postby jcarte29 » Wed Feb 04, 2015 1:36 pm

popamode72 wrote:Call Credit Solutions or talk to them on the chat. Ask for $25k and they will counter. It's one of those Synchrony cards where you don't have to do much of anything in terms of spending to get a really high limit or any of that statement stuff. I had one for $17k and the starting limit was just $3k before calling.


Thats awesome! Now is that at anytime based on the time frame I've disclosed? or closer to the 1 year anni?
Portfolio:
CITI Diamond Preferred $7,000 [06-16]
AMEX Platinum (Charge) [11-16]
AMEX EDay $12,000 [11-14]
Lowes Store $15,000 [4-14]
CSP VISA $6,000 [7-14]
GM MC $9,000 [9-14]
AAdvantage Red MC $10,350 [10-14]
Discover IT $4,500 [03-15]
Chase Marriott VISA $5,000 [04-15]
Cap One Quick $2,600[4-10]

jcarte29
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Postby jcarte29 » Wed Feb 04, 2015 1:41 pm

jcarte29 wrote:Thats awesome! Now is that at anytime based on the time frame I've disclosed? or closer to the 1 year anni?


Well, great news! They upped it to 10k! I'm good with that! (especially since it's a store card and I'm not tempted to load it up everywhere I travel to)
Portfolio:
CITI Diamond Preferred $7,000 [06-16]
AMEX Platinum (Charge) [11-16]
AMEX EDay $12,000 [11-14]
Lowes Store $15,000 [4-14]
CSP VISA $6,000 [7-14]
GM MC $9,000 [9-14]
AAdvantage Red MC $10,350 [10-14]
Discover IT $4,500 [03-15]
Chase Marriott VISA $5,000 [04-15]
Cap One Quick $2,600[4-10]

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CarefulBuilder14
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Postby CarefulBuilder14 » Wed Feb 04, 2015 2:30 pm

Congrats on the CLI.

If you're buying something off the Lowe's website and plan to pay it off right away, you can use Shop through Chase to get 4 UR points per $1. You won't get special financing regardless of how much you spend, though.

If you can transfer the points well, you can probably get a better value on travel with 4 UR/$1 than 5% off.

And the CSP's value here is only for online purchases - not for ones in the store. There may be other limitations. But since you have the CSP already, you might look at that.
Keeping indefinitely: IHG, SchwabPlat, CSP, Discover, Freedom, ED, BCE, Hyatt
May close or PC: Prestige, Arrival, BrooksBros
AA Platinum converting into Costco

Might add: Proper business card, CSR, Ritz, Delta Gold, First Tech
Letting new accounts cool off since May

jcarte29
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Postby jcarte29 » Wed Feb 04, 2015 2:39 pm

CarefulBuilder14 wrote:Congrats on the CLI.

If you're buying something off the Lowe's website and plan to pay it off right away, you can use Shop through Chase to get 4 UR points per $1. You won't get special financing regardless of how much you spend, though.

If you can transfer the points well, you can probably get a better value on travel with 4 UR/$1 than 5% off.

And the CSP's value here is only for online purchases - not for ones in the store. There may be other limitations. But since you have the CSP already, you might look at that.


That's good advice, I might check that out. Funny you bring up the CSP anyways, that's a card I haven't had good luck with getting a CLI. At risk of the admin not approving this post due to relevance what's the best way to go about that?

As for the Lowes card, the long term 0 financing (to me) is better value than the 5%, unless I'm buying pine needles or small stuff, in which yah if I can get some UR points thats cool!
Portfolio:
CITI Diamond Preferred $7,000 [06-16]
AMEX Platinum (Charge) [11-16]
AMEX EDay $12,000 [11-14]
Lowes Store $15,000 [4-14]
CSP VISA $6,000 [7-14]
GM MC $9,000 [9-14]
AAdvantage Red MC $10,350 [10-14]
Discover IT $4,500 [03-15]
Chase Marriott VISA $5,000 [04-15]
Cap One Quick $2,600[4-10]

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CarefulBuilder14
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Postby CarefulBuilder14 » Wed Feb 04, 2015 3:03 pm

jcarte29 wrote:That's good advice, I might check that out. Funny you bring up the CSP anyways, that's a card I haven't had good luck with getting a CLI. At risk of the admin not approving this post due to relevance what's the best way to go about that?


It's pretty normal for topics to vary all over the place. I haven't requested a CLI on my CSP specifically (I was happy with the limit from my instant approval a few weeks ago), but I do have other experience with Chase.

Chase cares much more about the limits I have on other cards than how loyal I am to Chase. Putting a lot of spending through the card might not do much. I started with a $600 limit on Freedom, then with a HP I got it up to match the $2k on Discover about 8 months later. I had requested a new $3k limit and $2k was what I got. It didn't seem to matter that I was paying in full every few days and had put several thousand dollars through a $600 card.

When I got my CSP, I suspect that the $6k I had on BCE was what Chase cared about when they gave me a $7.5k CSP limit.

When you got your $5k CSP, it looks like your $4.8k Lowes card was your highest limit. So your experience has been like mine. Chase was willing to match or slightly exceed whatever the highest existing limit was, but only slightly. Chase helped me start and gave me a toy $600 limit, but has never wanted to put me into a higher 'CL category' unlike Amex.

From the fact you had two FP cards, I assume you're rebuilding. I have a clean history, but only started in late 2013. I suspect that if someone had a long and clean history, then Chase might be more willing to offer a high CL to someone with low limits.
Keeping indefinitely: IHG, SchwabPlat, CSP, Discover, Freedom, ED, BCE, Hyatt
May close or PC: Prestige, Arrival, BrooksBros
AA Platinum converting into Costco

Might add: Proper business card, CSR, Ritz, Delta Gold, First Tech
Letting new accounts cool off since May

jcarte29
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Postby jcarte29 » Wed Feb 04, 2015 3:19 pm

CarefulBuilder14 wrote:It's pretty normal for topics to vary all over the place. I haven't requested a CLI on my CSP specifically (I was happy with the limit from my instant approval a few weeks ago), but I do have other experience with Chase.

Chase cares much more about the limits I have on other cards than how loyal I am to Chase. Putting a lot of spending through the card might not do much. I started with a $600 limit on Freedom, then with a HP I got it up to match the $2k on Discover about 8 months later. I had requested a new $3k limit and $2k was what I got. It didn't seem to matter that I pay paying in full every few days and had put several thousand dollars through a $600 card.

When I got my CSP, I suspect that the $6k I had on BCE was what Chase cared about when they gave me a $7.5k CSP limit.

When you got your $5k CSP, it looks like your $4.8k Lowes card was your highest limit. So your experience has been like mine. Chase was willing to match or slightly exceed whatever the highest existing limit was, but only slightly.


Spot on, I'm almost fearful of how much info I put out on my signature based on how good you studied it LOL j/k.

I'm feelin the same way, I haven't been nearly as disciplined with my CSP as I have with my other cards following, which mainly were acquired because of a 0 percent purchase and/or BT promo, so it's probably partially my fault for my struggles. Although, I've had one paid off auto with them (Chase), and currently have my house and current auto with them so when I talk to them I almost exaggerate how they have me by my you-know-what.

CarefulBuilder14 wrote: Chase wasn't the first lender to grant a higher 'CL tier' to someone with a short history (me) or rebuilding (you, presumably, from your First Premier closed accounts).


To your last point, which was also spot on, I have been rebuilding my credit since pretty much 2009 when I got the first premier and I am proud of how far I've come. In less than 10 years I've improved almost 350 to 400 points no lie.

Additional note: The Bank of America shown at the very bottom of my sig was a defaulted/maxed out card, and that was when I was first in college and didn't know any better haha. I eventually (right around 2009, when I applied for my mortgage) settled for about 30 percent of the original balance. Only working as a bartender and/or server at the time, I just started pickin up extra shifts and sellin stuff lol.
Portfolio:
CITI Diamond Preferred $7,000 [06-16]
AMEX Platinum (Charge) [11-16]
AMEX EDay $12,000 [11-14]
Lowes Store $15,000 [4-14]
CSP VISA $6,000 [7-14]
GM MC $9,000 [9-14]
AAdvantage Red MC $10,350 [10-14]
Discover IT $4,500 [03-15]
Chase Marriott VISA $5,000 [04-15]
Cap One Quick $2,600[4-10]

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CarefulBuilder14
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Postby CarefulBuilder14 » Wed Feb 04, 2015 4:04 pm

Also, if you're going to keep the CSP, look at the Freedom. It has no AF, and can really speed up how quickly you earn UR points.

If you're not going to keep the CSP, then the Freedom may or may not be worth it to you.
Keeping indefinitely: IHG, SchwabPlat, CSP, Discover, Freedom, ED, BCE, Hyatt
May close or PC: Prestige, Arrival, BrooksBros
AA Platinum converting into Costco

Might add: Proper business card, CSR, Ritz, Delta Gold, First Tech
Letting new accounts cool off since May

jcarte29
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Joined: Fri Jan 30, 2015 1:29 pm
Location: Charlotte, NC

Postby jcarte29 » Wed Feb 04, 2015 4:08 pm

CarefulBuilder14 wrote:Also, if you're going to keep the CSP, look at the Freedom. It has no AF, and can really speed up how quickly you earn UR points.

If you're not going to keep the CSP, then the Freedom may or may not be worth it to you.


Im keeping the CSP, I just need to pay it down a bit (its about a 2200 balance right now). To prove how OCD I am now with CCs, it bothers me to death it's even close to 50 percent on that card. lol. (none of my other cards are even close to 25 or 30 pct, let alone 50)

Is the Freedom offering any B/T or 0 offers?
Portfolio:
CITI Diamond Preferred $7,000 [06-16]
AMEX Platinum (Charge) [11-16]
AMEX EDay $12,000 [11-14]
Lowes Store $15,000 [4-14]
CSP VISA $6,000 [7-14]
GM MC $9,000 [9-14]
AAdvantage Red MC $10,350 [10-14]
Discover IT $4,500 [03-15]
Chase Marriott VISA $5,000 [04-15]
Cap One Quick $2,600[4-10]



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