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Approved for some credit cards but low CL

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looksbylatay
Valued Member

Approved for some credit cards but low CL

This weekend I tried my hand in applying for some credit cards. I tried old navy, walmart, target  childerns place and best buy. I was approved by Old navy CL-300, Walmart -$150, Target was denied, Childerns placed-Denied, Best buy- $500. I was wondering what is the best way to increase the limits? 


Starting Score: 586
Current Score: 639
Goal Score: 661


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Repo-ed
Senior Contributor

Re: Approved for some credit cards but low CL

Without knowing your file info, it would be hard for us to answer that with specfics.

 

If you have a thin file, then gardening and letting these new accounts age (and making sure to ask for CLI every 4 months with the GE backed cards) will be the best way to see them grow.

 

If you have a larger file, but some bad history, then try and open a Secured card and put as much money as you can on it, and sometimes (YMMV) companies will match your highest established CL.

5/2012: 560 credit scores across the board
12/2014: 750+
3/2017: 780+
11/2019: 833
2/2023: Experian via Chase United Explorer CC pull - 891
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armbenderc
Valued Contributor

Re: Approved for some credit cards but low CL


@looksbylatay wrote:

This weekend I tried my hand in applying for some credit cards. I tried old navy, walmart, target  childerns place and best buy. I was approved by Old navy CL-300, Walmart -$150, Target was denied, Childerns placed-Denied, Best buy- $500. I was wondering what is the best way to increase the limits? 


Out if the card you mentioned, I think wal-mart would be your best bet. I would sign up for paperless statement and get free FICO TU08 score.

 

I would use the card for gas 15cents off per gallon at murphy station. I would PIF do that for 4 months, then call u/w for increase.

 

Don't ever be late with them. Think of it this way, pay it off before statement cut.. like that you will never be late.

2013 Approvals: Discover IT - 3/1, Amex BCE - 3/4, CSP - 5/4, Barclay Ring - 6/12, BoA Privileges Cash - 6/27, Citi TY Preferred - 8/6, OCCU Duck - 11/4, USBank (Cash+) - 11/22, Wells Fargo - 12/21, Nordstrom - 12/29

12/19/2013, $100k+ Available Credit. Total Util: 0-1%
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