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Explain these shenanigans by GE...

Established Member

Explain these shenanigans by GE...

1 year old amazon store card, perfect payment history, tons of use (9k ish), still stuck at initial 700 dollar limit. Clicked luv button often, callled credit solutions at least 5 times, still nothing.

 

Get walmart store card in the mail today, call and reconed the intial limit from 600 to 1000...

 

 

I dont understand. Im grateful, but frusturated at the same time.

 

 

 

Message 1 of 12
11 REPLIES
Moderator Emerita

Re: Explain these shenanigans by GE...

Message 2 of 12
Moderator

Re: Explain these shenanigans by GE...

Different cards have different underwriting policies; or in this case, possibly entirely different underwriting analysts altogether (Walmart has a seperate analyst number from standard GE as an example, no telling how it's setup on the backend).

 

I would suggest though that spamming the monkey button is usually not the best way to obtain a CLI Smiley Happy.

 

Every time that the request is initiated, it'll show up in the logs, and they will assuredly factor that into their future decisions and knowing banks, probably not in your favor.

Starting Score: EQ 5 561, TU 98 567, EX 2 599 (12/30/11)
Current Score: EQ 5 771, TU 4 758, EX 2 758, EQ 8 795, TU 8 762, EX 8 786 (7/28/17)
Goal Score:    EQ 5 750, TU 4 750, EX 2 750, EQ 8 800, TU 8 Blah, EX 8 800 (01/01/18)


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Message 3 of 12
Established Member

Re: Explain these shenanigans by GE...

Interesting, I did not know that they kept track of increase attempts, ill keep that in mind. I cant remember the reasons for denial, but i suppose ill cut down on the luv button attempts.

 

I was still asking only about every other month, which seemed reasonable at the time.

Message 4 of 12
Moderator Emerita

Re: Explain these shenanigans by GE...

It's true that different cc's have their own UW (PayPal and JCPenney comes to mind) if you are not addressing the reasons for denial your chances are not going to improve over time. GE is very generous with CLI's, SP's and re conning and initial CL but not every profile will be approved for the '4th statement CLI' GE has been known for.

Good luck.
Message 5 of 12
Moderator

Re: Explain these shenanigans by GE...

Lenders keep track of virtually everything honestly.

 

I'll pose a theory question to you: how many average consumers do you think ask for CLI's once a month?

 

They're pretty rare on this forum, and we're bigtime outliers when it comes to the rest of humanity when it comes to chasing such things; I suspect in this case it's an even smaller percentage everywhere else.   As a result, I'm not positive that any lender would see it as "reasonabe" (by this I mean: what they expect) and I'd suggest this isn't one of the ways one wants to bring attention to oneself from a lender.

 

Also a lot of lenders (Amex, GE, etc ad naseum) have restrictions on how often you can apply for a CLI anyway, and it's almost always measured in multiple months, 4-6 seems to be fairly typical.

Starting Score: EQ 5 561, TU 98 567, EX 2 599 (12/30/11)
Current Score: EQ 5 771, TU 4 758, EX 2 758, EQ 8 795, TU 8 762, EX 8 786 (7/28/17)
Goal Score:    EQ 5 750, TU 4 750, EX 2 750, EQ 8 800, TU 8 Blah, EX 8 800 (01/01/18)


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Message 6 of 12
Epic Contributor

Re: Explain these shenanigans by GE...


nodak64 wrote:

1 year old amazon store card, perfect payment history, tons of use (9k ish), still stuck at initial 700 dollar limit. Clicked luv button often, callled credit solutions at least 5 times, still nothing.

 

Get walmart store card in the mail today, call and reconed the intial limit from 600 to 1000...

 

 

I dont understand. Im grateful, but frusturated at the same time.

 

 

 


You call in and talk to underwriting or csr's at amazon credit?

What do they say is the reason for no increase?

what is your fico score that Walmart is giving you?

Message 7 of 12
Mega Contributor

Re: Explain these shenanigans by GE...

What have your past denial letters said???

I bet most of them say "insufficient time with current credit limit".

GE CLIs are typically every 4 months from last successful CLI.



EQ FICO 548 3/3/16
Message 8 of 12
Established Contributor

Re: Explain these shenanigans by GE...

if you are getting not enough experience message make sure you account has generated a statement before. If you never ever let a balance report you be stuck in not enough experience  with current credit limit limbo. 



TU 715 No apps to 05/13 cash+ 5/13!!! 738 TU CSP April 13!!!CSP approved May 13!!!


Message 9 of 12
Senior Contributor

Re: Explain these shenanigans by GE...

Toppers is sooo 11110000000% correct.
Even if you just let a $1 report, you have to.
Marriott PR$25k | BCE $24.5K |BankAmericard Visa $25k| BOA Better Bal $17.5k |Wmt Discover $12.5k | BR Visa $17.5k | Amex Delta Gold $10k | Discover IT $10k | Paypal Extras MC $15k | Amazon Store $10k|Smile Gen $7.25k | Dillard's $10k | West Elm $4k| Express $3.05K | Mypoints.com Visa $4.5k | Freedom Visa $1k| Amex Surpass $1k
Message 10 of 12