Credit Cards

[llecs]

Of my 12 active CCs, six of them issued/will have issued a CLI this month:

1) 6/1 - Was issued my first CLD. Bloomingdales CLD'd from $2300 to $200. I called them and they said that several things bad happened to my CR last month. I authorized them to pull EX and told them to name just one bad thing. They couldn't and increased my CL from $200 to $1500. I didn't want to fight for more, but the CSR told me to call back next month. Net loss = $800

2) 6/2 - Credit One automatically increased my CL from $550 to $650. Had the card for 20 months and had about 80% util on the card at the time. Net gain = $100

3) 6/24 - Clicked the luv button on my National City for a CLI requesting from $3000 to $4000. Cost a hard inquiry on TU. Balance on the CC was at $0 but had been at 90% on avg. for the past many months prior to the request. Net gain = $1000

4) 6/26 - I called Juniper SeaMiles about 18 months ago to try to increase my CL from $400 to whatever. The CSR said it was impossible to increase the CL on that card. So I stewed for a while and even posted in here asking if it was possible and some said the same. Well, I mentioned it a month or so ago and someone said that they got a CLI on their SeaMiles after calling the backdoor number. Well, I called over the weekend and the CSR put me on hold while he checked TU (hard inquiry). I asked for $1500 from $400 and he said that I was an outstanding customer and "congratulations". Net gain = $1100

5) 6/30 - After Bloomies, I was hesitent in calling Macys. I called and talked to the CSR and learned quite a bit. I then requested a CLI on the Macys and she said that they usually give out CLIs in increments of $500. So, I asked for $500. She then retorted that I was approved for $700 and I accepted. CL went from $1800 to $2500. Net gain = $700.

6) 7/1? - I'm on Capital One's Credit Steps program. It has been 3 months since the last CLI from $300 to $750. I think the new CL will go to $1500 (lost letter) and the statement is set to be cut now. Payment was due yesterday and already cleared. Net gain: maybe $750.

So, the CLIs totalled $2850 including the CLD. June was a good month indeed.

Other CCs include BofA, Wachovia, Macys (Special Event), HSBC Discover, Orchard Secured, and Target. BofA saw a $1000 CLI on Tax Day, Wachovia is 10 months old and may be due a CLI, but balance is relatively high since the beginning. I don't want to ask for a CLI on the MAcys (Spec. Evt) because it doesn't report the CL on TU (only high balance). It is impossible to get a CLI on Target. HSBC Discover is only 6 months old. And Orchard is secured and about to go away anyway.

[PayingTheBills]

As far as the Credit Steps from Cap One, the "total increase will be $700-$1,000."

I got the $300 initial limit, and it is set to increase to $1,000 after the second step completes.  It just went to $750 this month.

[llecs]

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PayingTheBills wrote:

As far as the Credit Steps from Cap One, the "total increase will be $700-$1,000."

I got the $300 initial limit, and it is set to increase to $1,000 after the second step completes.  It just went to $750 this month.

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You know what, you are correct. I had more in my head. I just called them and they confirmed the $1000 and I also requested a CLI, of which they denied. I have seen some Credit Steps beyond the $300-$750-$1000 amounts, though. Oh well. Does anyone know how receptive CapOne is towards those who successfully completed Credit Steps?

[heirophant]

I requested 2 increases on my credit steps because i told CSR I wanted to do a balance transfer and didn't have enought available credit.  I also took them up on the balance transfers as a gesture of good faith after receiving the CLI's.  On my credit steps I went from 300-500 automatically, then requested a CLI twice for BT and went to 1000, and am now at 1500, so don't believe the 1000 ceiling.  YMMV