Better to ask for CLI or apply for a new card?

CreditGuy03 · ‎06-27-2014

I have a barclay carnival mastercard with a $500 limit. I already have 4 cards(2 cap ones, home depot and this one) and only 1 reporting a 1% util., My fico is 615. Is it better to ask for a CLi on this card or just apply for a new barclay card or with someone else?

Equifax - 628, Experian -627, Transunion- 654 In the garden until 01/01/2019

Closingracer99 · ‎06-27-2014

@CreditGuy03 wrote:
I have a barclay carnival mastercard with a $500 limit. I already have 4 cards(2 cap ones, home depot and this one) and only 1 reporting a 1% util., My fico is 615. Is it better to ask for a CLi on this card or just apply for a new barclay card or with someone else?

Based off your Credit score i would rather waste a HP on a CLI imo

My Cards: Amex BCE: $9,000, Amex Hilton HHonors: $2,000, Amex ED: $12,000, Barclays NFL extra points: $3,000, Bank of America MLB cash rewards: $17,000, BBVA compass NBA Amex triple double rewards: $17,000, Chase Amazon: $1,000, Chase Freedom: $9,000, Chase Sapphire: $5,000, Chase Slate: $5,000, Chase Disney: $4,000, Citi Double Cash: $5,400, Citi AA plat: $5,500, Citi Simplicity: $3,000, Citi Thank you preferred: $8,800, Capital one GM: $2,000, Capital one PlayStation: $3,000, Gamestop: $1,150, Amazon Store: $5,000, Ebay MasterCard: $5,000, American Eagle Storecard: $750, Macy's: $500
EX: 744, TU:750, EQ: 740

red259 · ‎06-27-2014

@CreditGuy03 wrote:
I have a barclay carnival mastercard with a $500 limit. I already have 4 cards(2 cap ones, home depot and this one) and only 1 reporting a 1% util., My fico is 615. Is it better to ask for a CLi on this card or just apply for a new barclay card or with someone else?

Depends on how many inqs you have, how old they are, how long you have had your cards. I don't know if Barclays does SP CLI requests or not, hopefully someone can chime in on that. I'd say you need to get your score up some. If you can request a CLI with a SP then I would do that. I would not take a HP as with a low score like yours it may do more harm than good. You may need to wait to bring up your score some before taking HPs on new cards/CLI requests.

;
Starting Score: EQ: 714, TU 684
Current Score: EQ: 725 7/30/13, TU 684 6/2013, Exp 828 5/2018, Last App 8/5/17
Goal Score: 800 (Achieved!) In garden until Sepetember 2019

coldnmn · ‎06-27-2014

Garden your current cards it's doubtful you will get approved either way until your credit score up. Credit is a journey not a race.

Discover IT $17k / US Bank Ace (VSig) $13.5K / US Bank Cash+ (VSig) $13.5k
Sam's Mastercard $15k / Walmart Mastercard $10k / Blispay $7.5k PayPal Ex MC $10.8k
CareCredit 5k / Husq $5k / Cap1 QS $4.5k / Barclay Ring $5.35k / Citi DC (WMC) $12k
Gardening Date 7/01/16 / MyFico 08: EQ 801 / TU 777 / EX 771 / 06/08/17

CreditGuy03 · ‎06-27-2014

@red259 wrote:
@CreditGuy03 wrote:
I have a barclay carnival mastercard with a $500 limit. I already have 4 cards(2 cap ones, home depot and this one) and only 1 reporting a 1% util., My fico is 615. Is it better to ask for a CLi on this card or just apply for a new barclay card or with someone else?
Depends on how many inqs you have, how old they are, how long you have had your cards. I don't know if Barclays does SP CLI requests or not, hopefully someone can chime in on that. I'd say you need to get your score up some. If you can request a CLI with a SP then I would do that. I would not take a HP as with a low score like yours it may do more harm than good. You may need to wait to bring up your score some before taking HPs on new cards/CLI requests.

ive had the barclay card since august 2009.

i did a pfd on a collection that should come off in a few days.

Equifax - 628, Experian -627, Transunion- 654 In the garden until 01/01/2019