Double Cash CLI

Discuss the Visa & MasterCard payment networks as well as cards that operate through them.
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MemberSince99
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Double Cash CLI

Postby MemberSince99 » Thu Apr 23, 2015 6:39 am

Since transferring the balance for the flooring I put in my house onto this card for the 15 month 0% promotion, I was thinking that the utilization on this card will be a little tight. I have only had the card since January so I didn't think my odds of success were all that great but figured I could take an EX hard pull. Also when I checked the Citi prequalification site, they gave 3 cards. So I decided to go for it.

I had a limit of 6.6k, and requested 15k. I did not expect that to be successful, but figured if I'm liable for a hard pull make it worth it. I got the you will be notified in 24 hours message and figured that meant no go.

About an hour later I got an email from them and was all prepared for "forget about it" but to my surprised it was approved and the new limit was 15k.

I'm guessing the balance I transferred onto the card might have had something to do with that - in the past I'd asked for a CLI on a Citi card I hadn't used much and it was declined.


rockyrock
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Re: Double Cash CLI

Postby rockyrock » Thu Apr 23, 2015 8:10 am

Thanks for sharing. My DC balance is at $15k with a $19k limit b/c of a balance transfer as well. I wonder if I should give it a shot too...
Sapphire Reserve: travel & dining (almost everything until I meet my initial spend)
Blue Cash Preferred: groceries & gas
Freedom: 5% cats
Double Cash: everything else

popamode72
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Re: Double Cash CLI

Postby popamode72 » Thu Apr 23, 2015 9:09 am

Nice job, Member.

This is what I want to have happen with say my Discover card. Once I let that new CSP limit sit there for a few months, I think I'll start getting more action on those. I had a big limit Lowes card that I closed many months back out of what had happened at the time and it makes me think if I had kept it open a bit longer that I might have been able to get higher limits on some of the cards a bit sooner but we live and learn.
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)

pswinontario
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Re: Double Cash CLI

Postby pswinontario » Thu Apr 23, 2015 10:15 pm

To check prequalified offer online, does it hurt your credit score?

Is it a hard or soft inquiry?

MemberSince99
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Re: Double Cash CLI

Postby MemberSince99 » Fri Apr 24, 2015 8:05 am

As a side note to this, I also asked for a CLI on my Arrival Plus. It was sitting at 7.5k, and I was hoping to boost to 10k or more. I did the online request, and got the 48 hours message. I see they pulled TU as I figured, but the limit hasn't budged and that was 2 days ago so I would take that as a decline.

Just as well I suppose maybe they'll give something at the 6 month mark (probably not though). Can't win em all.

I really don't want more cards just to grow the ones I have now.

rockyrock
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Re: Double Cash CLI

Postby rockyrock » Sun Apr 26, 2015 8:55 am

MemberSince99 wrote:I really don't want more cards just to grow the ones I have now.


I agree. I'm still trying to reduce my number which wasn't helped when I opened up that AT&T card the other day. I just couldn't resist $650 toward a new smart phone just for $2k spend in three months.

Maybe I'll get rid of my CSP and concentrate on Thank You points for a while.
Sapphire Reserve: travel & dining (almost everything until I meet my initial spend)
Blue Cash Preferred: groceries & gas
Freedom: 5% cats
Double Cash: everything else

MemberSince99
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Re: Double Cash CLI

Postby MemberSince99 » Mon Apr 27, 2015 5:37 am

It sure doesn't help when they come out with tempting offers. But in the end, it's just more hassle to maintain.

I really do have too many "fee" cards right now - Amex Platinum at 450 a year, Amex EDP at 95 a year, Amex Hilton HHonors at 95 a year, CSP at 95 a year, and Arrival plus at 89 a year. For as little as I'm travelling right at this moment (not at all) it seems a bit much. Then again the travel could start at the drop of a hat - where I work they change their minds by the hour if not by the minute. But I'm starting to question the value of having all these fee cards open when I'm not CURRENTLY using them. I do not want to add anything else with a fee that's for sure.

By the way I have heard nothing at all from Barclays regarding the CLI request I made. No CLI and no news but got the hard pull. They are so to speak in the sock drawer - not for declining it but for not even bothering to let me know they declined it within the 48 hours they said they would. Once the fee is about to come due on that one I'll evaluate and see if I feel it has a future. For now I'll keep it around as the fee won't be due for a while and see what happens.

takeshi
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Re: Double Cash CLI

Postby takeshi » Mon Apr 27, 2015 9:25 am

MemberSince99 wrote:I'm guessing the balance I transferred onto the card might have had something to do with that - in the past I'd asked for a CLI on a Citi card I hadn't used much and it was declined.

That's assuming causality. You credit and income determine the limits you qualify for. BT's are not considered (aside from impact to utilization).

pswinontario wrote:To check prequalified offer online, does it hurt your credit score?

Is it a hard or soft inquiry?

This is a separate topic and should be posted in its own thread.

amex007
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Re: Double Cash CLI

Postby amex007 » Wed Apr 29, 2015 1:24 pm

MemberSince99 wrote:II really do have too many "fee" cards right now - Amex Platinum at 450 a year, Amex EDP at 95 a year, Amex Hilton HHonors at 95 a year, CSP at 95 a year, and Arrival plus at 89 a year. For as little as I'm travelling right at this moment (not at all) it seems a bit much. Then again the travel could start at the drop of a hat - where I work they change their minds by the hour if not by the minute. But I'm starting to question the value of having all these fee cards open when I'm not CURRENTLY using them. I do not want to add anything else with a fee that's for sure.


damn son. just calculated your AF cost to be $824
quite pricy :money:
Amex Gold NPSL | Amex ED 28500 | Barclaycard Arrival 17500 | Hyatt visa signature 5000
sockdrawer-- GM 4000 | Unionplus 2200
EX 795 EQ 786 TU 790

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CarefulBuilder14
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Re: Double Cash CLI

Postby CarefulBuilder14 » Wed Apr 29, 2015 8:22 pm

MemberSince99 wrote:I really do have too many "fee" cards right now - Amex Platinum at 450 a year, Amex EDP at 95 a year, Amex Hilton HHonors at 95 a year, CSP at 95 a year, and Arrival plus at 89 a year. For as little as I'm travelling right at this moment (not at all) it seems a bit much. Then again the travel could start at the drop of a hat - where I work they change their minds by the hour if not by the minute. But I'm starting to question the value of having all these fee cards open when I'm not CURRENTLY using them. I do not want to add anything else with a fee that's for sure.

I haven't stayed at a Hilton for a few years, and I don't know their loyalty program or card terms well, so I can't comment on that one.

You can always get a partial refund on the Platinum AF, then open one again when travel resumes. It's not a card you want to pay for and not use. Keep in mind there's no more backdating, though, if you open a new one later!

Whether you keep EDP or not really depends on your everyday spending, more than your travel plans for work. I'm not sure how much you spend at traditional gas and grocery stores.

To get value from CSP, you really do need to currently travel a fair amount. Freedom can quietly store and rebuild UR points without a CSP. I think you have a Freedom?

With both UR and MR cards (and no recent travel), I'd say you're spreading your spending out too thinly to need the Arrival+. I'd downgrade that to the no-AF version - if you're going to use the EDP a lot, at least.
Warranties and sketchy merchants: Schwab Platinum
Price rewind: Costco
Travel insurance: Prestige, CSP
Perks: IHG, Hyatt
Rewards/Offers: Discover, Freedom, ED, BCE
Taxes/Misc: SPG

Limited value, might close: Arrival

Might add: First Tech, proper business card



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