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Regular Contributor
Posts: 149
Registered: ‎11-29-2013
0

Best way to soft pull for credit limit increases

Hey yall,

 

So I think I'm going to join this garden club. From what I understand (I'm new here) we just pay bills and wait as our credit grows and inquiries fall... But I understand we are encouraged to soft pull for CLI. So...

 

With that being said. Who has experience soft pulling with BoA, Chase, AmEx, Discover and OCCU for higher credit? I know about the 61 day increase with AmEx. Does anyone know similar methods or successes with other banks like the 61 day rule etc. 

 

I think this will be a helpful thread!

Senior Contributor
Posts: 9,325
Registered: ‎10-21-2012
0

Re: Best way to soft pull for credit limit increases


BOSScredit wrote:

Hey yall,

 

So I think I'm going to join this garden club. From what I understand (I'm new here) we just pay bills and wait as our credit grows and inquiries fall... But I understand we are encouraged to soft pull for CLI. So...

 

With that being said. Who has experience soft pulling with BoA, Chase, AmEx, Discover and OCCU for higher credit? I know about the 61 day increase with AmEx. Does anyone know similar methods or successes with other banks like the 61 day rule etc. 

 

I think this will be a helpful thread!


From your list of lenders, AMEX would tend to be trend-setter.  OCCU thus far from what folks have posted doesn't process via SP, it appears any CLIs are HP.  Chase is HP (99%).  BOA is mostly HP, unless your account has received a pre-qualified offer for CLI via SP.  Discover can be SP if your account is elegible, otherwise HP.

Established Contributor
Posts: 975
Registered: ‎10-07-2013
0

Re: Best way to soft pull for credit limit increases

Dovetailing on the other responder... 

 

If you've had financial issues, with Credit Line Decreases, Chase will "reinstate" a previous Credit Line (notice the change in verb from increase) to the most recent Credit Line via a SP. Anything above the most recent (ie, if your line was cut over a few steps) will require a HP.

 

Discover has a threshold where they will SP, and beyond that, they will perform a HP.  They will disclose to you (if you ask) where the line is between SP and HP.

 

Citibank (Visa/MC) has a similar feature to Discover. Citibank Retail cards (such as Home Depot, Best Buy, etc) will require a HP all of the time.

 

Amex, Comenity, and GE will SP virtually all the time.

 

Bank of America told me that they needed a HP for even a transfer of a credit line from one card to another - blech!

 

 

I was going to garden... Honest!
Frequent Contributor
Posts: 442
Registered: ‎11-17-2013
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Re: Best way to soft pull for credit limit increases

What about Barclay. From what I have read before they may auto from the 4th to 6th statement cut, but what if you request via the luv button?


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Senior Contributor
Posts: 9,325
Registered: ‎10-21-2012
0

Re: Best way to soft pull for credit limit increases


Longroad wrote:

What about Barclay. From what I have read before they may auto from the 4th to 6th statement cut, but what if you request via the luv button?


Barclays is HP whether online or through a CSR.  Pre-qualified CLIs wold also some into play with Barclays provided the account is elegible, sometimes they offer them via BT checks.

Established Contributor
Posts: 975
Registered: ‎10-07-2013
0

Re: Best way to soft pull for credit limit increases


Longroad wrote:

What about Barclay. From what I have read before they may auto from the 4th to 6th statement cut, but what if you request via the luv button?


I don't know about Barclay, Sorry.... 

I had an old Juniper card that I closed, and they closed my Barnes & Noble account...  I haven't been able to get back in.

I was going to garden... Honest!
Senior Contributor
Posts: 9,325
Registered: ‎10-21-2012
0

Re: Best way to soft pull for credit limit increases

Capital One is another lender that offers SP CLIs.  DSNB/Citi for either Macy's or Bloomingdale's cards also tend to be SPs the majority of the time.

Frequent Contributor
Posts: 426
Registered: ‎09-12-2013
0

Re: Best way to soft pull for credit limit increases

Barclays in my experience HP's without warning, whereas Discover will explicitly tell you at what point they will need a HP

TU: 753 | EQ: 751 | EX: 747
Last INQ: 1/23/15
AAoA: 2y 6m
Lowest limit: Sallie Mae MasterCard - $5,000
Highest limit: AmEx EveryDay - $30,000
Available credit: $112,600 (7 cards)
Senior Contributor
Posts: 9,325
Registered: ‎10-21-2012
0

Re: Best way to soft pull for credit limit increases


heyitsyeh wrote:

Barclays in my experience HP's without warning, whereas Discover will explicitly tell you at what point they will need a HP


The "warning" is assumed/permissible purpose - part of the T&C with the lender for standard AR, which would include CLIs.

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