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Does banking with the CCC help with CLI?

Member

Re: Does banking with the CCC help with CLI?

I think it depends on a variety of factors.

Just finished an app spree and one part of the picture was getting a CLI from BoA. We've got one with them that has a fairly high limit and another whose limit has been stuck at $2,000 for ages. As soon as we hit the submit button we got a 1 - 2 week message. Called for recon and got a "senior credit analyst" who stated "everything looks good and thank you for having your deposit accounts with us. CLI to $15,000 is approved."

Now, can't prove having deposit accounts resulted in approval. But it's a fact that they see them. And a fact that they are human. The more positive experience you have with them cannot be anything but a positive thing.
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Valued Contributor

Re: Does banking with the CCC help with CLI?

I don't know about other banks, but I do know Chase will definitely consider your banking relationship when it comes to CC apps and CLI requests. Obviously, the higher your balances, the better. Generally, you need at least $10k on deposit for it to really matter. Once you get above $5mm, you can start to do really creative things on the credit card front (e.g. getting approved for a six figure credit card limit when you have a 600 FICO).

 

However, as someone else said, the possibility of CLIs should be very low on your list of criteria to choose a bank.

TU FICO: 800 (2/1/14) | CK Score: 802 (2/1/14) | CS Score: 805 (2/1/14)

J.P. Morgan Palladium ($250k) | AmEx Platinum (NPSL) | AmEx SPG Personal/Business ($50k/$50k) | Citi Executive AAdvantage WEMC ($50k) | Citi Dividend WEMC ($50k) | Chase Sapphire Preferred VS ($50k) | Chase Ink Bold WEMC ($50k Flex) | Chase Ink Plus WEMC ($25k) | Chase Freedom VS ($25k) | Chase Freedom WMC ($25k) | Chase MileagePlus Explorer ($25k) | Chase Southwest RR Plus Business/Personal ($15k/$15k) | Barclays US Airways ($25k) | Barclays Hawaiian Airlines ($25k) | BofA Alaska Airlines ($10k) | Lexus Financial Services ($30k) | Mercedes-Benz Financial Services ($50k)
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