Going to Call GM Card For Credit Limit Increase. Need Some Advice!

Discuss the Visa & MasterCard payment networks as well as cards that operate through them.
22 posts
CC Deville
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Location: Phoenix

Postby CC Deville » Sun Jul 08, 2012 11:24 am

Dylan1982 wrote:Hey CC Deville, I thought you would get a kick as to why GM Card denied my CLI.

Then sent me my rejection letter, it says my score is a 727 (not sure which bureau they used?) As a week earlier my credit score is a 676 with Trans Union.

Anyways, here is why I was denied..

Payments are low compared to balance owed. Balance in relation to amount of payments number of inquiries

Say what? In english, lol...


Sorry! Yeah, it looks like they wanted to see higher payments. Well...they are about to get their wish! LOL. Watch you get an auto CLI after you transfer the balance :mad:

It is unfortunate that the banks have models in place that take some of the human aspect out of it. For instance, they must have a risk model that indicates that there is a higher likelyhood of someone with a higher balance defaulting so they decline a CLI request. Obviously, they have good reason to believe that; however, each case is different. And the decisions they make with those models can ultimately end a long relationship.

I am glad that you have realized that there are plenty of other banks out there vying for your dollars and will hopefully treat you better. I am overall pleased with Citibank and they will grow with you.

Again though, another way to look at it is fine, they don't want to give you a CLI, but if you truely are in the market for a new GM car or truck I would use the GM card like a debit card; use it for everything and then pay in full. In the end you can get about $1500 knocked off the cost of the new car-and they can do that right at the dealership without having to send in paperwork and forms.


Dylan1982
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Location: Chicago

Postby Dylan1982 » Mon Jul 09, 2012 11:02 am

Yeah well it is a shame The GM Card did this. Now I am going to be paying my balance in full in the next couple days. I won't close the acct but will keep it open, only make a couple purchases throughout the year to keep the acct open.

So far I like Citi. I am digging the TY card. I just have no idea what I will ever use the Diamond Preferred card for lol
Chase Freedom - $12,500 (2/2013)
GM Card - $7,700 (7/2002)
CitiBank (Thank You Preferred) - $6,400 (6/2012)
CitiBank (Diamond Preferred) - $4,600 (6/2012)
Rogers & Hollands - $3,300 (3/2006)
Target REDcard - $3,000 (11/2014)
BestBuy - $1,600 (9/2003)
Discount Tires - $1,000 (2/2004)
Kohl's - $300 (4/2012)



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