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Can anyone give me advise?

Established Member

Can anyone give me advise?

I have a credit card from Household bank back from Nov 07 with a $300 CL. Credit Score was around 500 at the time I applied. My fico score has been go up to an average of 650 now, and since it's past the 6 months period. Should I ask for CLI? I would also like to apply for another CC, should I do the CLI first and then apply for another one?
 
Any advise would be great!
 
 
4 REPLIES
Moderator Emeritus

Re: Can anyone give me advise?

Wouldn't hurt to ask for a CLI. Just ask them if it would be a hard inquiry or not. It may not be. And at the same time, it probably wouldn't hurt to app for a second card. I would selectively app for a card based on score and use the CR that is the strongest.
 
If you only have one revolving card, adding a second may help your score. Also adding a store charge card would likely help too.
Regular Contributor

Re: Can anyone give me advise?

Hi Velocity,
 
Welcome to the forum.  I would find out if Household bank does a hard or soft inquiry to determine whether to give you a CLI.  If it's soft then I would try for the CLI first then apply for a new card if you like. If it's a hard INQ then I would apply for the new card first so they don't see a recent inquiry on your credit report.
As of Jan 2009: EX - 659 EQ - 666 TU - 681

As of 2/13/09: EX - 648 (My last EX Fico)
Senior Contributor

Re: Can anyone give me advise?

Hi Velocity, and welcome to the forum! Smiley Happy

There's a wealth of information here to help you on your credit journey.

If you've had the card for 6 months with no cli, then imo you are justified in asking for one. Just be sure and ask if it will be a soft inq or a hard inq when you're asking the CSR. Smiley Wink

If it's a hard inq, I'd think twice, unless you really, really need the cli.
"Never ever, ever be late. Never" (FUTR)
Highlighted
Established Member

Re: Can anyone give me advise?

Thank you all for the valued advise, I will give my bank a call tomorrow and find out. I'm very happy that you guys are so kind and are all willing to help Smiley Happy