09-09-2012 07:36 PM
Just got a great CLI on my JCP card. Here's my history.
10/11 - Opened up the card with a $900 limit, which was almost double the limit of the only other card I had at the time [A partially secured BoA card for $500]
4/12 - Requested a CLI to $2,500 [didn't expect to get the full amount] and was instantly approved.
9/12 - Requested a CLI to $5,100 - was denied, but system countered with $3,999 (literally, a dollar away from being $4k).
I barely ever use this card. Every so often I'll head down to CVS and get a protein bar or stick of deoderant for the hell of it, just to show minor activity. I've only actually used the card at JCP once, ironically. I'm a college student with low income ($17,000), and my second highest card is $1,300, so this is VERY generous on GE's part.
Hoping to get a thousand dollar increase next time, to be at the magical 5K CL limit, let's see.
If you're looking for a new card solely to improve your credit score, definitely consider GE. Not only did they take a chance on me, as this was my second card, but they gave me a high limit, and are doing an amazing job of growing with me.
09-09-2012 08:16 PM
09-09-2012 08:40 PM
09-10-2012 07:27 AM
09-10-2012 08:33 AM
Congrats to you!! I'm looking at a GE Capital store card myself and this is great to hear. Thank you for sharing!
I love GE too!! Keep in mind that other creditors, like Chase and Barclay's, take those high limits into account when issuing you new credit. For example, I got a $6,500 Amex based on the fact that I had a JCP w a limit of $4,900 and a Lowe's at an $8,500 limit!! So if you don't have a Visa/MC/Amex/ Discvr with a limit like your JCP, you should consider opening one in the future :-).
AWESOME!! I'm waiting for my $5K credit union MasterCard to post the CL next month and then I'm applying for a store card. By waiting for the CL to post, hopefully that'll give me a chance at a larger store limit. 2 positive tradelines for the win!!
09-10-2012 08:34 AM
What are GE cards? Store cards?
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