Credit Card Center Advertiser Disclosure†
10-21-2013 04:09 PM - edited 10-21-2013 06:02 PM
Just wondering if it's better to call or hit the Luv button. I know a while back, people were saying to stay away from Barclay's Luv button, but I want to ask for a CLI. I get really nervous about talking to a rep and having to answer their questions. Not sure why to say I want the CLI, except to help w/my util, which wouldn't be a good answer to give them!
Any have better or worse luck with phone vs. online? Any suggestions as to what to say for the reason? I have $5k and would like $10k. I currently have a 0% promotional rate bal w/them of $3k.
Thanks for your help!
10-21-2013 04:13 PM
10-21-2013 04:14 PM
I'd call, from what I've read the results seem to be better, either way it will result in a HP. One thing though, you have to have your cc for at least 6 months before they will even consider a cli.
10-21-2013 04:25 PM
10-21-2013 04:51 PM
Every time I have called them on the phone for CLI I have gotten what I asked for. I went from 1500 -> 2800 -> 4000 -> 6000.
Except a few weeks ago I decided to try through the web site, 6000 -> 8500, and got rejected. They probably don't like the fact that I have gotten a high limit CU card since the last CLI from them in May (and the Duck hasn't reported yet, I suppose they will throw fits when they see that.) I feel like I am in their doghouse for a while, so I better be good.
10-21-2013 05:26 PM
Thanks for the replies. Not quite sure what to do.
If I call, what would be a good reason to give them for wanting the CLI? Do they usually ask that?
(This is the Barclay's MC.)
10-21-2013 05:55 PM
10-21-2013 06:00 PM - edited 10-21-2013 06:03 PM
For all of the *many* times I have called to request CLI (all with different banks / stores / backers), no one has ever asked me why I was requested the increase. When you call, they may ask you to verify some info - and then ask you what they can do to help you. All you have to say is I would like to request a credit limit increase on my account. They will say "Ok, I will be very happy to assist you with that". You may or may not have to go through a verification of address / employer / income - but I have never been asked to give reason for the request.
I say go for it! And good luck! Let us know!
10-21-2013 06:27 PM
@chewchowlady, I have been asked why I wanted the CLI by some banks/CUs, so I guess it depends.
Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.† Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
* For complete information, see the terms and conditions on the credit card issuer’s website. Once you click apply for this card, you will be directed to the issuer’s website where you may review the terms and conditions of the card before applying. While myFICO always strives to present the most accurate information, we show a summary to help you choose a product, not the full legal terms - and before applying you should understand the full terms of products as stated by the issuer itself.
IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more
FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.