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Established Contributor
Itsmeagain
Posts: 832
Registered: ‎01-16-2008
0

Re: Best Buy CLI

Just checked my Equifax Credit Watch and pulled a new report which shows soft pulls.  HSBC did pull a soft on the day I requested the CLI.

Starting Score: TU 737 EQ 721
Current Score: TU 741 EQ 741
Goal Score: TU 765 EQ 760


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Established Contributor
YoungEntrepeneur
Posts: 586
Registered: ‎03-03-2009
0

Re: Best Buy CLI

It's better than a hard pull. I hated when they pulled a hard copy of my report when I requested a CLI on my BB Mastercard. That's why it's been closed for a while now.
Regular Contributor
tonnie39
Posts: 141
Registered: ‎09-06-2008
0

Re: Best Buy CLI

Itsmeagain,

When I got my CLI on the BB store card, it was a soft pull.

Congrats YoungEntrepreneur & Itsmeagain on your recent CLI.

Frequent Contributor
mainemedic
Posts: 297
Registered: ‎04-27-2008
0

Re: Best Buy 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.

 

 

Established Contributor
Susyquk
Posts: 504
Registered: ‎03-27-2009
0

Re: Best Buy CLI

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 

 

Valued Contributor
Scamp
Posts: 2,791
Registered: ‎03-18-2007

Re: Best Buy CLI


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.

_____________________________________________________________________________
It's never too late to become the person you might have been. ~George Eliot

02/12/09 EX: 701 / 02/08/10 EQ: 719 / 02/08/10 TU: 723

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Established Contributor
Susyquk
Posts: 504
Registered: ‎03-27-2009
0

Re: Best Buy CLI


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

 

Established Contributor
KingAdrock
Posts: 656
Registered: ‎07-17-2007
0

Re: Best Buy CLI

I've had 2 CLIs since I got my Best Buy card. Started at 1500, then 1800, then 2200.

 

Annoyingly enough the last CLI pushed it past the CLs of my first two credit cards, which have been sitting around at 2000 and 2100 for some time. :smileymad:

Frequent Contributor
bakalao2k
Posts: 449
Registered: ‎02-21-2009
0

Re: Best Buy CLI

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.

 

 

TU - 737 - 02/21/09, 769 - 02/06/10, 795 - 09/08/10
EQ - 758 - 02/21/09, 783 - 02/06/10, 805 - 09/08/10
EX (PLUS) - 781 03/23/09, 787 - 02/06/10, 783 - 08/09/10
Established Contributor
valley_man0505
Posts: 879
Registered: ‎05-29-2008
0

Re: Best Buy CLI

I called today to request a CLI on my BB RZ card.  When I first got the card, my score was about 670 and I was approved at that time for a $500 CL.  I never went over the limit and always paid on time.  The account is 8 months old.  My score as of today is 724, but I was still declined.  I requested the CLI by phone, and I was declined quicker than I thought the CSR could have even possibly entered the information for the request.  It was an amazingly quick denial.  She informed beforehand that the request would result in them checking my credit report, but I don't see how they could have possibly checked it before denying me--it happened that quick.

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