I'm just wondering am I the only one here who doesn't seem to get auto CLIs from Barclay. I have the Barclaycard Reward Mastercard which I opened a year ago. I was hoping for a CLI at the 6 month mark. But when it didn't happen I never bothered to call and ask for one because I didn't want any unneeded inquiries on my report. I had planned on buying a house (just closed last week on the 6th!) so I was being very mindful to avoid inquiries for any reason.
When I first got the card last November, my FICOs were in the 650 range. At the six month mark, they were in the 680 range, and now they're in the 690s, so close to breaking 700. Since having this card, I have not apped for any additional credit except for my mortgage, so I've added three mortgage inquiries in the time I've had the card, bringing my total to 5 inquiries on TU. I've taken great care of this account. On average I charge about $450/mo on the card, and usually make two payments per month, always paying down to a $1.00 balance to day before the statement cuts so that $1.00 balance gets reported.
I just can't figure out why I haven't gotten an auto CLI at the 6 mo mark and again now that my 12th statement was cut last week?
Has anyone else experienced this with Barclay's? Now that I closed on my mortgage, I can afford an inquiry on my report. I'm tempted to call them and ask for a CLI, but I'm wondering if anyone has not gotten any auto CLIs in their first year with them. I have a $1000 limit with them, if I call I will probably ask for $3000. I understand that my scores may not necessarily warrant a $3000 starting limit with anyone, however I feel that my first year account history with them has proven that I'm ready to handle a larger credit limit.
FYI, I also have a Cap 1 No Hassle card with a $1500 limit that I also let report with a $1.00 balance every month, an Open Sky secured CC with a $500 limit and a Cap 1 secured card with a $300 limit. Both secured cards were opened in 2010 and have been sock drawered since getting the Barclay card.
I appreciate any suggestions.
Thanks
I ended up calling and asking about their normal CLI process. He did say that accounts are reviewed every 6 months and a CLI is granted if the account has been maintained in good standing during that period. When I asked him why I hadn't received a CLI at my 6mo or my 12mo points, he couldn't offer an explanation. So he asked me if I wanted to initiate the request for one and I agreed to the HP. I asked for $3000 but they countered with $2000. Part of me wanted to haggle for $2500 but I don't think I would've gotten it. I took the $2000 and politely thanked him and that was that.
Whether or not I'll get auto CLIs in the future is anybody's guess. But one thing I'm sure of, I won't be requesting another CLI from them within the next 24 months. I don't care to have multiple inquiries on my CR from the same lender.... so my CL with them may possibly stay at $2000 for the next 24 months, and that's fine with me.