topic Re: BCE LUV Question in Credit Cards

BCE LUV Question

minimock — Thu, 01 Nov 2012 10:44:11 GMT

Well, I was flat turned down at 61 days..... So I waited 6 months plus a few days...

Got this

Request a Line of Credit Increase

Your request for a line of credit increase has been submitted.
You will receive a written response within 7-10 days.

Anyone ever got this and got the LUV?

I only tried 2X this time :D

Re: BCE LUV Question

minimock — Thu, 01 Nov 2012 16:41:04 GMT

Anyone??

Re: BCE LUV Question

tylaw13 — Thu, 01 Nov 2012 16:47:12 GMT

what was the reason for the denial at the 61 day mark?

Re: BCE LUV Question

DeadSpider — Thu, 01 Nov 2012 16:52:53 GMT

Read the reason why your denied and post it. Log in and you'll be able to read the 7-10 day letter.

Re: BCE LUV Question

minimock — Thu, 01 Nov 2012 17:08:40 GMT

tylaw13 wrote:
what was the reason for the denial at the 61 day mark?

Util was at 31%

It is 10% now.

Re: BCE LUV Question

minimock — Thu, 01 Nov 2012 17:09:25 GMT

DeadSpider wrote:
Read the reason why your denied and post it. Log in and you'll be able to read the 7-10 day letter.

Where do you find this?

I looked all over the web site.

Thanks

Re: BCE LUV Question

distantarray — Thu, 01 Nov 2012 17:17:32 GMT

NEVER... EVER apply for CLI with 30%+ utility you'll be turned down 100% of the time. If you can not get it down to under 5% with Amex I don't think it's even worth trying. Haven't ever seen success.

Re: BCE LUV Question

minimock — Thu, 01 Nov 2012 17:50:51 GMT

distantarray wrote:
NEVER... EVER apply for CLI with 30%+ utility you'll be turned down 100% of the time. If you can not get it down to under 5% with Amex I don't think it's even worth trying. Haven't ever seen success.

I am at 10% now....

I guess the question that comes to mind is why wouldnt they just deny it like before instead of the 7-10 day deal.

Re: BCE LUV Question

DeadSpider — Thu, 01 Nov 2012 19:24:42 GMT

Did you get email after CLI you should have a link that takes you AMEX and put in your social I think and see the letter.

That's how I got my letter a month a go 7-10 days....

Re: BCE LUV Question

youngandcreditwrthy — Thu, 01 Nov 2012 19:30:19 GMT

Hmm well I got approved for the card with like 12% util.

Re: BCE LUV Question

minimock — Fri, 02 Nov 2012 05:12:00 GMT

youngandcreditwrthy wrote:
Hmm well I got approved for the card with like 12% util.

Yea, when I got the card I was at 17% and Barclay's just gave me a CLI at 10% so I figured it was worth a shot :)

No link or email from them yet, Ill post back when I get it.

Re: BCE LUV Question

RonDawg — Fri, 02 Nov 2012 05:28:40 GMT

minimock wrote:
Well, I was flat turned down at 61 days..... So I waited 6 months plus a few days...

Got this

Request a Line of Credit Increase

Your request for a line of credit increase has been submitted.
You will receive a written response within 7-10 days.

Anyone ever got this and got the LUV?

I only tried 2X this time :D

usually when you get that message from AMEX on a CLI that means declined. When I select CLI for my BCE card I get the CLI right away not a 7-10 day message. However I did recieve that 7-10 day message when I applied the second time and when I did read the message I just slapped myself. I applied the second time 2 months after I was approved the first time and of course that was a no you have to wait 6 months between approvals.

my starting credit limit with BCE was 5.5k and currently it is at 15k

It also matters how much your applying to get so say your CL is 5k you can't just go ask for 15k try to aim a bit lower on your first CLI try say 7k or 8k

Also I have found that AMEX does a random soft enquiry about every other month. and this is through Experian for me. Check your Experian credit report and see whats on it as well. If your UTL has dropped in the past 2 months make sure that you give it a couple of months for AMEX to catch up. I have also found when you press the CLI button it does not do a soft enquiry but goes off of what is in their system at the time of their last random pull.

Good Luck I hope what I have gone through helps you some.

Re: BCE LUV Question

minimock — Fri, 02 Nov 2012 05:32:06 GMT

Thanks, I appreciate your input :)

Re: BCE LUV Question

GBPac12 — Fri, 02 Nov 2012 05:58:59 GMT

minimock wrote:
youngandcreditwrthy wrote:
Hmm well I got approved for the card with like 12% util.
Yea, when I got the card I was at 17% and Barclay's just gave me a CLI at 10% so I figured it was worth a shot :)

No link or email from them yet, Ill post back when I get it.

If you don't mind me asking is this your total util or just for the card itself? I have done alot of CLI and was never very lucky with them.

Re: BCE LUV Question

minimock — Fri, 02 Nov 2012 06:01:34 GMT

GBPac12 wrote:
minimock wrote:
youngandcreditwrthy wrote:
Hmm well I got approved for the card with like 12% util.
Yea, when I got the card I was at 17% and Barclay's just gave me a CLI at 10% so I figured it was worth a shot :)

No link or email from them yet, Ill post back when I get it.
If you don't mind me asking is this your total util or just for the card itself? I have done alot of CLI and was never very lucky with them.

10% total, 8% on BCE

Re: BCE LUV Question

RonDawg — Fri, 02 Nov 2012 06:02:07 GMT

minimock wrote:
Thanks, I appreciate your input :)

Your very welcome, I hope it helps you.

Re: BCE LUV Question

Dustink — Fri, 02 Nov 2012 06:07:28 GMT

Maybe your utilization was higher on their last SP.

Re: BCE LUV Question

youngandcreditwrthy — Fri, 02 Nov 2012 13:40:40 GMT

Banks didnt used to base clis off of sps they did a month before... They used to just soft you whenever you requested the cli... This new practice is pissing me off!!!! Bc if you are like us, you try to improve your score the most right before you submit such a request!!! Stupid Barclay's, GECRB, and Amex (the ones I KNOW do this). They prob have some new contracts with the CRAs or something bc Im fairly certain they have to pay each time they pull a sp on our CRs.Grrrr

Weird... Barclay's denied me TWICE for a cli, and my util has gone wayyyyy down!!!!

Re: BCE LUV Question

CS800 — Fri, 02 Nov 2012 14:22:38 GMT

minimock wrote:
distantarray wrote:
NEVER... EVER apply for CLI with 30%+ utility you'll be turned down 100% of the time. If you can not get it down to under 5% with Amex I don't think it's even worth trying. Haven't ever seen success.
I am at 10% now....

I guess the question that comes to mind is why wouldnt they just deny it like before instead of the 7-10 day deal.

I was denied a CLI with 5% total util. Reason was obvious though. Too many recent inquiries and new accounts. I had it coming so I was expecting it.

Re: BCE LUV Question

minimock — Fri, 02 Nov 2012 14:29:56 GMT

Well no CLI and no email, guess just wait on the snail mail DENIED......

I love rejection LOL :D