No one judges here, that's the nice part. If anything, they'd beg you to please not follow the road they did, myself included. I'm 23, but the damage is done from when I was 19. Best of luck to you!!
EQ. Starting Score 08/19/12: 545
txjohn wrote:
Actually, if the PIF'ers are running sufficient volume, then the merchant interchange fees represent a significant income to the CCC's. It is the casual/occassional or "only in emergency" or to "keep 'em exercised" users that tax the CCC's, because there is no balance returning interest and not enough volume to provide adequate levels of merchant fees....these are they who may see some backlash, IMHO.
I agree. Those of us who glommed up a bunch of CC's for various reasons might need to be thinking about which ones we want to hang on to, and use them a lot, and be braced for closure on the others.
Still aiming to get down to 4-5 bank/ CU CC's and just the few store cards I have, and I'm getting closer and closer!
@Anonymous wrote:
@Uborrow-Upay wrote:I was just wondering if anyone here has requested a credit limit increase since the new laws kicked in. In particular, I'd like to know if anyone's seen any changes in the usual procedures, particularly with Citi, Discover and BofA (feel free to address others, too).
Any additional hoops to jump through?
Actually, if the PIF'ers are running sufficient volume, then the merchant interchange fees represent a significant income to the CCC's. It is the casual/occassional or "only in emergency" or to "keep 'em exercised" users that tax the CCC's, because there is no balance returning interest and not enough volume to provide adequate levels of merchant fees....these are they who may see some backlash, IMHO.
+1
@cruthisfamily wrote:I requested a CLI from my US Bank Visa. I've had it for about 2.5 yrs with no CLI. I have always PIF, and never been late. They bumped me from $500 to $5000 with no questions asked other than a verbal income request AND I'm under 21!!!
For those of you that intend to judge me, I'm a college graduate with a full time job - not a student racking up debt on mommy's dollar.
Thanks for the feedback, cruthisfamily...that's the type of info I was looking for! (Not knocking anyone else's replies 
)
Congrats on the increase, too...pretty nice bump up!
Leah 5570, everyone here has been wonderful! I just threw that in there because I had read on another thread about the changes a 18 year old seeking credit and everyone kept asking them why. 
UborrowUpay, thanks! I have been working to get there so I can join the elite ranks and chunk these silly capital one builder cards. I like to get some that work for me instead of vice versa.
For BOA my husband called the backdoor number listed on the forum here before getting his letter. The rep told him they can't reconsider, and the only thing he could do in his department is submit another request for a credit limit increase. So it didn't work. Oh well. Once we get the letter of reasons why they say no, he will call again and tell them last month Wells Fargo approved him for a $2500 credit card without any prior banking history with WF, and we opened a checking and savings account with them, getting a $50 bonus. So if BOA won't budge despite our possibility of shutting down our seven year banking history with them and perfect credit card payment, we will move solely to WF, and cancel the BOA card.
