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Itsmeagain,
When I got my CLI on the BB store card, it was a soft pull.
Congrats YoungEntrepreneur & Itsmeagain on your recent CLI.
I have the BB RZ MC and at the begining of the month I noticed that HSBC gave me a $200 CLI.
It was an auto CLI as I do not have a luv button.
I applied for the card in May of last year 08 after I received a pre-approval invite in the mail and was promptly approved with a $300 CL. about 4 months after that I received an auto increase to $500 and now another CLI so I'm now at $700 total.
Not great but seeing as the card isn't even a year old yet I said it's not too bad. I wonder if I will get another CLI when the card hits it's 1 year anniversery this May. Unfortunately, though my 1 year of 0% interest will be over and I will also have to pay an annual fee. of $59 but at this point I really don't want to close the card.
I don't know if this is a program A or B card but if I had to guess I'd say it was B because my scores weren't that great when I applied (640-650) of course now they are at 700`and above.
So my husband applied for a CLI on his best buy account using the love button. Now granted his scores are not the best but he has had the account for a long time with Best Buy and has used it frequently without ever being over the limit. His current limit is $800 and he is using $500. Literally about 5 second after he pressed the button he got the message back
Thank you for using Online Customer Care. Unfortunately, we are unable to approve your request for a credit limit increase at this time. You will receive a letter indicating the reason your request was declined within 30 days, but is usually received within 7 to 10 days.
Anyone have any ideas? It didn't have time to do a Credit Check in the 5 seconds it took to decline. He has only applied for credit once in the last year on each of his CRs and his scores are as in my sig.... I am really hoping that it didn't have a hard pull and affect his score when they declined it so quick.
Gah
Susyquk wrote:So my husband applied for a CLI on his best buy account using the love button. Now granted his scores are not the best but he has had the account for a long time with Best Buy and has used it frequently without ever being over the limit. His current limit is $800 and he is using $500. Literally about 5 second after he pressed the button he got the message back
Thank you for using Online Customer Care. Unfortunately, we are unable to approve your request for a credit limit increase at this time. You will receive a letter indicating the reason your request was declined within 30 days, but is usually received within 7 to 10 days.
Anyone have any ideas? It didn't have time to do a Credit Check in the 5 seconds it took to decline. He has only applied for credit once in the last year on each of his CRs and his scores are as in my sig.... I am really hoping that it didn't have a hard pull and affect his score when they declined it so quick.
Gah
Most likely it's that 62.5% utilization of his current CL that got him shot down so fast - creditors generally aren't keen on balances that exceed 50% of the limit, particularly when considering requests for more credit.
Util tolerance varies from creditor to creditor, but if you're not able to get that balance zeroed out or down to less than $80, I'd say try to get it down to under $160 (at least) before asking again for a CLI.
For more info on Best Buy CLI experiences by other members on here, I'd say try a search on "Best Buy CLI" and see what turns up.
Hope this helps, and good luck.
@Scamp wrote:Most likely it's that 62.5% utilization of his current CL that got him shot down so fast - creditors generally aren't keen on balances that exceed 50% of the limit, particularly when considering requests for more credit.
Util tolerance varies from creditor to creditor, but if you're not able to get that balance zeroed out or down to less than $80, I'd say try to get it down to under $160 (at least) before asking again for a CLI.
For more info on Best Buy CLI experiences by other members on here, I'd say try a search on "Best Buy CLI" and see what turns up.
Hope this helps, and good luck.
Thank you, thank you! I did wonder if this was a possibility so I guess it'll be the next one I concentrate on getting down (I have been picking one card at a time to focus on) and then see if I can get a CLI for him then
I thought I hit the 10K ceiling with my BB store card because they refused to increase my limit when I clicked on the love button two months ago. It was more than one year since my last CLI.
I called BB five days ago and spoke to a credit representative and asked her if she could look into increasing my limit without a hard pull and she put me on hold. She got back on the phone and asked me how much I wanted and I told her not to get crazy. She increased my limit from 10K to 12K.