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Valued Contributor
Posts: 1,484
Registered: ‎10-15-2011
0

Compass... What are you doing?

In January I got a preapproval for a Compass Bank Clear Points card, to my surprise.  I applied and got approved for a nice CL, the highest at the time and the highest to date.  I called them to understand how they work and they said the limit may never increase unless I ask for it!  In some ways this surprised me, in others it did not.

 

So skip ahead to yesterday.  I get a notification of activity to my CR.  It was a limit increase to my Compass Bank card.  It was a complete and utter shock and a pleasant one.

 

For a long time I have had a revolving balance on the card of about 15%.  (It is not actually my balance, it is my sister's balance.  I loaned her the account so my money is not tied up.  Last month she used it again for a car repair.)  I think Compass likes revolving balances and that factors into their decision to raise limits.  While the increase wasn't that much, $500, it was something, and for that I am happy.  Surprised and happy.  Now I wish Discover and Chase would follow suit. 


I swear I am going right to the Garden...... Hopefully to stay there longer than a month this time......
Senior Contributor
Posts: 10,272
Registered: ‎09-24-2013
0

Re: Compass... What are you doing?

What was your credit limit and credit score at the time of app if you don't mind me asking?
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Valued Contributor
Posts: 1,484
Registered: ‎10-15-2011
0

Re: Compass... What are you doing?

My limit was initially $8000 and my score was around 700 when it was first opened.  My score is a little lower now due to all the new accounts.  I have 10 new accounts.


I swear I am going right to the Garden...... Hopefully to stay there longer than a month this time......
Frequent Contributor
Posts: 268
Registered: ‎07-04-2008
0

Re: Compass... What are you doing?

Ha! Congrats on the CLI!

 

They approved me for the max CL of $15,000 on the ClearPoints card. I almost feel demotivated because I know the card will never grow. Will defintely keep it because it is my jhighest CL right now though!

Cards I Carry
$1K$7.5K$23K$5k
Total Available Credit: $37k | FICOS: EX 659 | EQ 661 | TU 673
Store: JCPenney $500
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Valued Contributor
Posts: 1,484
Registered: ‎10-15-2011
0

Re: Compass... What are you doing?

At some point you might be able to upgrade to a product change.


I swear I am going right to the Garden...... Hopefully to stay there longer than a month this time......

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