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I requested a credit limit increase on a 3400 limit Barclay Rewards Mastercard and was declined . I tried ringing twice and both analysts cited the five new accounts from December meant they couldn't even increase the limit by a tiny 100. I was kind of bummed that a hard inquiry was done and nothing to show for it, but oh well. Yesterday the statement closed so I logged in to pay and was surprised to see the limit is now 4600.
I just find it odd that two weeks ago they said the couldn't do anything and now they can give 1200. It started at 2500 and after 7th statement it was upped to 3400 and now after the 7th statement again, up to 4600. I opened multiple new accounts before the first increase and as mentioned, multiple ones before this one too. Utilisation is 0%.
Just putting this out there for people who may be denied for an increase from them. You still may get one anyway when the statement closes.
Congrats to you and very nice increase!
Interesting for sure. I just hit my 6th statement this month and nothing, however I have opened a lot of accounts since opening them so that probably scared them off .
Thank you for the praise. At least I guess, in a way the hard inquiry wasn't totally useless. I would wait until the 7th statement to see if anything happens before asking for an increase. If I had waited I would have avoided the hard.
Not the first time I've seen them being wierd. There was a thread a couple days ago where they called a couple days before the 6th statement cut and was denied. Statement cut a couple days later and an auto CLI was there. Odd.
Congrats