Credit Limit Increases

[bridgetkaryn]

Hi Guys,

So I am still in the "rebuilding" process of my credit but I have managed to aquire some pretty great cards but many of them have low limits. I opened most of my cards in June and July 2008. At what point can I/Should I ask for a CLI? Also, do I call the backdoor numbers for this?

My cards & Balance/Limits are below:

Citi AAdvantage: 500/9000 -July 2008

WaMu MC: 700/2500- June 2008

Chase Freedom: 0/1000- July 2008

Cap 1: 0/1000 (in the credit Steps prog.) July 2008

Hooters: 0/500 June 2008

Target: 0/200 Feb 2007

HSBC/Orch : 0/300 Feb 2007

Credit One: 0/700 Aug 2007

BofA: 0/500 June 2008

Macys: 0/400 June 2008 (Just called and got a $300) Increase Yippeee

Any thoughts advice would be much appreciated!

Thanks!

[bridgetkaryn]

Oh no! Please don't blackball me now!!! :-)

[score_building]

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bridgetkaryn wrote:

Hi Guys,

So I am still in the "rebuilding" process of my credit but I have managed to aquire some pretty great cards but many of them have low limits. I opened most of my cards in June and July 2008. At what point can I/Should I ask for a CLI? Also, do I call the backdoor numbers for this?

My cards & Balance/Limits are below:

Citi AAdvantage: 500/9000 -July 2008

WaMu MC: 700/2500- June 2008

Chase Freedom: 0/1000- July 2008

Cap 1: 0/1000 (in the credit Steps prog.) July 2008

Hooters: 0/500 June 2008

Target: 0/200 Feb 2007

HSBC/Orch : 0/300 Feb 2007

Credit One: 0/700 Aug 2007

BofA: 0/500 June 2008

Macys: 0/400 June 2008 (Just called and got a $300) Increase Yippeee

Any thoughts advice would be much appreciated!

Thanks!

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your balances look good, nice work on your rebuild.  you may want to continue to pay down wamu and citi to under 10%util.  some issuers, wamu comes to mind, do not offer customer initiated cli's on some of their cards -only auto cli's if they feel you qualify.  macy's you can ask for a 'guideline increase' about every 3 months, like you, i started at 400 and less than a year later i'm at 2100.  In general, 6 months is a reasonable time period to begin cli inquiries.  I think for boa it's 9 months that they review an acct for an increase at least that's when i got mine.  check the back door numbers thread for your issuers' digits.  many forum members have had better results with backdoors although it is possible to have a good outcome on a cli request using the number on your card, it really just depends.  If you speak to an analyst at a backdoor number they seem to have more knowledge and leeway with cli's.  you'll prolly get responses from folks who have specific knowledge about your other issuers cli protocol but if you do a search you are likely to find the info. you need in the archives here.  looks like you're in really good shape, keep it up and gl.