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@thebostonredsox wrote:Does anyone have any insight as to why they won't approve a CLI? I've read about many people that received substantial CLI's at the 6 month mark.
MidnightVoice wrote:
what have you done to make them think they need to give you a CLI?
mickie08 wrote:The problem is that we can;t really make comments on any one persons situation not knowing their history with the card. If all someone charges is $25 items and then PIF, most CC will not increase limit. They want to see high balances that are PIF or paid down every month. Smae with credit cards. Some people act like credit card companies owe us anything. remember, we are the ones asking them to give us money, not the other way around. I agree it is frustrating, but in the current market in particular, it is not surprising.
UPDATE ! I decided to call Best Buy Credit and speak to an anaylst. Evidently, they do not do a soft when you request a CLI, so if your score has improved they would not know it. When I requested a CLI, they were using the original info from my CR when I first applied for the card. Although there were no derogs on there, they said that my score was not high enough for a CLI.
I asked the analyst to pull a new CR as my score is higher than when I first got the card. She agreed and a few minutes later told me that she could increase my CL from $1500 to $3600. She also commented that my score was 100 points higher than when I got the card (that seemed a bit high; I estimated my score to be about 40 points higher). So I had to take a hard inquiry, but it was worth it. Incidentally, they pulled Equifax.
In any event it was certainly worth taking the time to recon this with Best Buy.
Congrats on the success. That is a fab CL jump for them! Great job!
(P.S. love your username - I'm sure if you said anything about the Yankees you would not have had so much success)