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$7500, $5000, $300

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SomeGuyOnTheWeb
Regular Contributor

$7500, $5000, $300

Those are the credit limits I have on my three cards. The first is from Discover, the second is Cap1 and the last is from Fifth Third.

I recently tried to raise the credit limit on my Fifth Third account only to be denied because of "insufficient satisfactory credit obligations" (no idea what this means) and "too many inquiries last 12 months" (there are, with this inquiry, a grand total of THREE inquires on my Equifax report). I'll be honest; I'm a bit miffed. 10 years and I can't even get a CLI???

It's like they don't want me to use the card at all.
EQ - 727
TU - 752
EX - 774
Message 1 of 19
18 REPLIES 18
PrimeRate
Frequent Contributor

Re: $7500, $5000, $300

If it was me, I'd pay the card in full and then immediately close the card.

It will report in good standing for 10 years, so no immediate impact on your AAOA.

If after all this time they can't give you a simple increase, they obviously don't care much about your business.

☮ & ❤
Message 2 of 19
SomeGuyOnTheWeb
Regular Contributor

Re: $7500, $5000, $300

It's dumb. But do you know what the first reason means?
EQ - 727
TU - 752
EX - 774
Message 3 of 19
-Wade-
Valued Contributor

Re: $7500, $5000, $300


@TheOptimusMan wrote:

If it was me, I'd pay the card in full and then immediately close the card.

It will report in good standing for 10 years, so no immediate impact on your AAOA.

If after all this time they can't give you a simple increase, they obviously don't care much about your business.


+1 close it because they don't care about you! Are you can SD it and don't use it

"Garden Club Member " Old user name newportguy*** Current Score: myFico EQ - 830 (07/16/2015) Discover TU Fico - 833 (09/03/2016) EX Fico - 839 ( 09/01/2016 ) ******* Amex - BCP 11.5K * Discover - IT 43.5 K * U.S. Bank Cash + Visa Signature 15.3 K * PenFed - Cash Rewards 15K *PenFed Power Cash 19K ** Amex - GDSM 10K ******FICO 800 Club Member ******* EQ 830 *** TU 833 *** EX 839 ***
****** Last HP & New TL was March 6th 2014 *** GOAL: No HP's or New TL's for 2 + years and 840's Scores ******
Message 4 of 19
longtimelurker
Epic Contributor

Re: $7500, $5000, $300


@TheOptimusMan wrote:

If it was me, I'd pay the card in full and then immediately close the card.

 


And with a $300 CL, that is probably not going to be too much of a stretch!

Message 5 of 19
Creditaddict
Legendary Contributor

Re: $7500, $5000, $300

They seem to want you to have more credit cards and that is what I would do get more credit cards with OTHER banks and CLOSE them!

 

perhaps a Chase and American Express would be a good addition to your portfolio.

Message 6 of 19
axledobe
Frequent Contributor

Re: $7500, $5000, $300


@SomeGuyOnTheWeb wrote:
Those are the credit limits I have on my three cards. The first is from Discover, the second is Cap1 and the last is from Fifth Third.

I recently tried to raise the credit limit on my Fifth Third account only to be denied because of "insufficient satisfactory credit obligations" (no idea what this means) and "too many inquiries last 12 months" (there are, with this inquiry, a grand total of THREE inquires on my Equifax report). I'll be honest; I'm a bit miffed. 10 years and I can't even get a CLI???

It's like they don't want me to use the card at all.

To me, this is the same as Experian's blurb of "too few accounts currently paid as agreed", which basically means a thin file.  I'm in agreement that you should probably open another card or two and close them.  That's just obnoxious. 

 

If your reports are app ready, I'd go for a couple of good cards and tell them to shove their $300. 

 

EDITED:  spelling


FICO SCORES: TU 769; EX 790; EQ 790 ***Gardening indefinitely***



Message 7 of 19
Kenny
Moderator Emeritus

Re: $7500, $5000, $300

In agreement with all of the above. Close that card and when it's reported as closed.. get what you want. Smiley Happy
Message 8 of 19
SunriseEarth
Moderator Emeritus

Re: $7500, $5000, $300


@SomeGuyOnTheWeb wrote:
Those are the credit limits I have on my three cards. The first is from Discover, the second is Cap1 and the last is from Fifth Third.

I recently tried to raise the credit limit on my Fifth Third account only to be denied because of "insufficient satisfactory credit obligations" (no idea what this means) and "too many inquiries last 12 months" (there are, with this inquiry, a grand total of THREE inquires on my Equifax report). I'll be honest; I'm a bit miffed. 10 years and I can't even get a CLI???

It's like they don't want me to use the card at all.

I'd say you've outgrown Fifth Third.  Close and move on.



Start: 619 (TU08, 9/2013) | Current: 809 (TU08, 3/05/24)
BofA CCR WMC $75000 | AMEX Cash Magnet $64000 | Discover IT $46000 | Disney Premier VS $43600 | Venmo VS $30000 | NFCU More Rewards AMEX $25000 | Macy's AMEX $25000 Store $25000 | Cash+ VS $25000 | Altitude Go VS $25000 | Synchrony Premier $24,200 | Sony Card VS $23750 | GS Apple Card WEMC $22000 | WF Active Cash VS $18,000 | Jared Gold Card $16000 | FNBO Evergreen VS $15000 | Citi Custom Cash MC $14600 | Target MC $14500 | BMO Harris Cash Back MC $14000 | Amazon VS $12000 | Freedom Flex WEMC $10000 | Belk MC $10000 | Wayfair MC $4500 ~~
Message 9 of 19
SpiceIslander
Frequent Contributor

Re: $7500, $5000, $300

One more vote to CLOSE Fifth Third! It won't even affect your utilization! LOL!

Meg.

FICO: 4/2016 - TU 841 | EQ 840 | EX 837

FNBO 23,600 | Amex SPG 13,900 | Amex BCP 13,400 | Barclays/Sallie Mae13,000 | Discover IT 12,500 | Lowes 10,000 | PLOC 9,300 | NASA FCU 8,700 | Citi Simplicity 6,200 | BOA Platinum+ 6,000 | Achieva CU 5,500 | Chase CSP 5,000 | Sam's Club 3,000 | Sears 900
Message 10 of 19
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