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CLI - Lowes!!!

Moderator Emeritus

CLI - Lowes!!!

Just logged in to check on DH's Lowe's card (I have his permission to manage the account for him, since I take care of paying all the household bills). He's rebuilding along with me, applied and was approved for a Lowe's card back in April, with a starting limit of $300. It just doubled to $600!!! I read that GEMB is really good about giving CLIs every few months, so I'm thrilled to see that this is proving true for us, as well. Between this and my JCP card, that's two CLIs in our family this week. Smiley Very Happy


Current Scores: EQ 775 (03/04/2014), EX 756 (03/01/2014), TU 760 (03/01/2014)
Ruby Spade Garden Club Member - Last App: 03/04/2013 - No apps until 2014
Cards: Cap1 Venture 6.4k, Cap1 Quicksilver MC 1.75k, BankAmericard 1-2-3 Visa Signature - UCF Alumni Association 5k, Discover 7k, Citi Diamond Preferred MC 10.35k, Wells Fargo Rewards Visa 7k, Chase Freedom 5k, Chase Ink 7.5k, Amex Green NPSL, Dillard's Amex 7.5k, JC Penney 7.5k, Kay Jeweler's 5.1k
Message 1 of 12
11 REPLIES
Valued Contributor

Re: CLI - Lowes!!!

That is excellent! Smiley Happy

 

Congrats!

 

Ray

Ray

** Every Card has a Job, and Every Card does its Job **
Message 2 of 12
Established Contributor

Re: CLI - Lowes!!!

Congrats on the CLI.  You should be able to get regular increases every 4-6 months.  I maxed out at 10K last year.


Starting Score: 500's
Current Score: 773 EQ(DCU), 757 TU(Barclay), 788 EX(Credit.com)
Goal Score:760 X 3


Take the myFICO Fitness Challenge

Message 3 of 12
Valued Contributor

Re: CLI - Lowes!!!

I just got a great CLI in the past week or so too... went from 5k to 8.5k! The card started in 2008 at $800.00.


CC's: AMEX (4), Alliant Visa, PenFed AMEX, Pen Fed Promise, Citi (3), Chase (5), US Bank Cash+, Huntington Voice, UMB Visa, Nasa Plat Cash Visa, Barclay's Visa, Discover IT, Cap One QS, BOA (2), BMW Visa, 5/3 Real Life Rewards MC; FNBO Amex; Comenity Visa/MC (4), Ebates Visa Siggy, Nordstrom Visa, Walmart MC, Sam's Club MC; A few assorted store cards.

Current Scores (09/2017): EQ My Fico: 801; TU MyFico: 799; EX (My Fico): 797
Message 4 of 12
Moderator Emeritus

Re: CLI - Lowes!!!


guydiver wrote:

Congrats on the CLI.  You should be able to get regular increases every 4-6 months.  I maxed out at 10K last year.


 

That's exactly what I was hoping. We'd like to do a few home improvements next year, such as recarpeting. No particular time of the year, just when we feel ready. I thought that if we opened an account this spring, then we'd have time to grow the credit line.  That way, we can save up the cash to PIF and take advantage of the 5% cash back at the register, or at the very least have 0% financing as an option if we would need to go that route. Either way, we're planning ahead so that we have good options.

 

So, I'm thrilled to see the first increase. To use the gardening metaphor, it's as if we planted a seed last April, and I'm feeling the excitment of seeing the first shoot of green poke through the soil. Now we'll continue to tend to it and watch it grow. This is the fun part of credit gardening! Smiley Happy


Current Scores: EQ 775 (03/04/2014), EX 756 (03/01/2014), TU 760 (03/01/2014)
Ruby Spade Garden Club Member - Last App: 03/04/2013 - No apps until 2014
Cards: Cap1 Venture 6.4k, Cap1 Quicksilver MC 1.75k, BankAmericard 1-2-3 Visa Signature - UCF Alumni Association 5k, Discover 7k, Citi Diamond Preferred MC 10.35k, Wells Fargo Rewards Visa 7k, Chase Freedom 5k, Chase Ink 7.5k, Amex Green NPSL, Dillard's Amex 7.5k, JC Penney 7.5k, Kay Jeweler's 5.1k
Message 5 of 12
Established Contributor

Re: CLI - Lowes!!!

My wife's 3 year old Lowes card went from 2K to 4K to 5K to 10K in less than 2 years. She also maxed out at 10K last year. 

Amex BCE $11.1 / Citi Diamond Preferred WMC $12K / Citi Double Cash WMC $3.8K / Comenity Total Rewards Visa $2.5K / Citi Home Depot $5K / AU- Amex BCP $12K / Chase Freedom Visa $11014.00 / PenFed Platinum Rewards Visa Signature $6K / GE Lowes $10K
myFico Scores on 10/03/2014
Eq 798 / Exp 811 / Trans 814
CCT Fico 08 on 1/3/16 - Trans 786 / Exp 793 / Eq 797
Message 6 of 12
Frequent Contributor

Re: CLI - Lowes!!!


OnTheRebound wrote:

My wife's 3 year old Lowes card went from 2K to 4K to 5K to 10K in less than 2 years. She also maxed out at 10K last year


Is 10k the max?

AMEX Blue Cash - $15k, Lowes/GECRB - $10K, PNC - $10K, CIti Diamond Preferred - $10K, Home Depot/Citi - $7590, Best Buy Store/HSBC - $7400, Citi Platinum Select - $7150, Best Buy RZMC/HSBC - $5750, Dillards/GECRB - $4350, Discover More - $3600, Cap 1 Cash Rewards - $3000, Amex HHonors - $2000, State Farm - $2000, Cap 1 MTV - $1500
Message 7 of 12
Established Contributor

Re: CLI - Lowes!!!


rbh wrote:

OnTheRebound wrote:

My wife's 3 year old Lowes card went from 2K to 4K to 5K to 10K in less than 2 years. She also maxed out at 10K last year


Is 10k the max?


Yes. According to the rejection letter, $10K is the maximum their policy allows.

Amex BCE $11.1 / Citi Diamond Preferred WMC $12K / Citi Double Cash WMC $3.8K / Comenity Total Rewards Visa $2.5K / Citi Home Depot $5K / AU- Amex BCP $12K / Chase Freedom Visa $11014.00 / PenFed Platinum Rewards Visa Signature $6K / GE Lowes $10K
myFico Scores on 10/03/2014
Eq 798 / Exp 811 / Trans 814
CCT Fico 08 on 1/3/16 - Trans 786 / Exp 793 / Eq 797
Message 8 of 12
Frequent Contributor

Re: CLI - Lowes!!!


OnTheRebound wrote:

rbh wrote:

OnTheRebound wrote:

My wife's 3 year old Lowes card went from 2K to 4K to 5K to 10K in less than 2 years. She also maxed out at 10K last year


Is 10k the max?


Yes. According to the rejection letter, $10K is the maximum their policy allows.


That's good to know.  Guess I can leave Lowes alone now...

AMEX Blue Cash - $15k, Lowes/GECRB - $10K, PNC - $10K, CIti Diamond Preferred - $10K, Home Depot/Citi - $7590, Best Buy Store/HSBC - $7400, Citi Platinum Select - $7150, Best Buy RZMC/HSBC - $5750, Dillards/GECRB - $4350, Discover More - $3600, Cap 1 Cash Rewards - $3000, Amex HHonors - $2000, State Farm - $2000, Cap 1 MTV - $1500
Message 9 of 12
Established Contributor

Re: CLI - Lowes!!!


rbh wrote:

OnTheRebound wrote:

My wife's 3 year old Lowes card went from 2K to 4K to 5K to 10K in less than 2 years. She also maxed out at 10K last year


Is 10k the max?


I got a letter that didn't say anything about 10K being the maximum, but something to the tune of "We will review your account periodically for an increase in your credit line", or something like that.

 


Starting Score: 500's
Current Score: 773 EQ(DCU), 757 TU(Barclay), 788 EX(Credit.com)
Goal Score:760 X 3


Take the myFICO Fitness Challenge

Message 10 of 12