GE Capital Cards

[Anonymous]

I have been reading about how good they are on CLI.  What are the typical increases do people see? couple of hundred dollars? does it vary? if it does what is that increase based on?

Thank you all in advance for your input.

[laboi_22]

The will CLI via SP every 4th statement. Sometimes they will decline, sometimes they will aprove, or sometimes they will counter with another offer other than the amount you requested as a CLI. It's impossible to say what causes them to decline as it depends on each person's credit profile. The increase is also based on the individual and the card. My JC Penny card went from from a $300 to a $2800 limit in less than a year. My Walmart card increased rapidly as well. It also depends on usage and  your credit profile. My increases were usually $500+ each increase with a VERY clean/perfect credit profile, low UTL, and a good AAOA.

[Anonymous]

Great, I can't wait I'll keep you guys updated. I barely keep balances, I guess I am reading rule of thumb is 10% or less. 

[laboi_22]

Regarding FICO purposes and carrying balances, 9% is what is usually the most advantageous to the best possible FICO for UTL scoring. Remember that UTL only accounts for 35% of FICO scoring which means there is still 65% of the score coming from other factors such as AAOA. Also it has been very good for me with GE to carry a balance (albeit small) on my 4th statement cut in maximizing my CLIs. This has been my experience and not at all meant for you to try if you don't feel comfortable. Leaving this balance though increases my overall UTL and is not always a wonderful FICO booster. Although by the next month, I get that back down which essentially means this only occurs every 4 months.

[bichonmom]

With my ON, I started @ $200 last March. Increased to $600 after 4 mos., then $1200 4 mos later, then $1500 4 mos after that. Then last week, when I logged on, they had an offer to upgrade to their Visa. I accepted and they gave me $4k. That's pretty good for 1 year! My Walmart started @ $300 in Nov and got an auto-CLI in Feb to $1k. I GEMB!

BTW, I have NEVER carried a bal on their cards. I've always PIF either before or after the stmt cut. And have not charged large amounts -- usually under $100.

[Anonymous]

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@bichonmom wrote:

@With my ON, I started @ $200 last March. Increased to $600 after 4 mos., then $1200 4 mos later, then $1500 4 mos after that. Then last week, when I logged on, they had an offer to upgrade to their Visa. I accepted and they gave me $4k. That's pretty good for 1 year! My Walmart started @ $300 in Nov and got an auto-CLI in Feb to $1k. I GEMB!

BTW, I have NEVER carried a bal on their cards. I've always PIF either before or after the stmt cut. And have not charged large amounts -- usually under $100.

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That is awesome, I am pretty excited!

[crunching_numbers]

Your new Walmart card is GE. The fact that they started you with what might be their lowest limit ($150) means they are pretty shaky where your profile is concerned. I read on another thread that you had like 2 CO's and a collection...  You need to see what you can do to clean up some of those baddies. I am not the person to give that kind of help, but there are plenty of people on the fixing credit part of the boards to help out however they can.

You are going to need to be patient, because those 3 baddies ARE hurting your profile. GE is generous, but they are not comfortable with you right now, and it might take some time for them to feel that you are a trustworthy. Charge monthly, and PIF. Show them that they can trust you to pay your bills. Do not expect that they are going to be generous on that first CLI, but hope that they give you something. Do not look to other peoples experiences and expect your case to be the same, but rather manage your accounts well and give them a reason to CLI you.

[Anonymous]

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@crunching_numbers wrote:

Your new Walmart card is GE. The fact that they started you with what might be their lowest limit ($150) means they are pretty shaky where your profile is concerned. I read on another thread that you had like 2 CO's and a collection...  You need to see what you can do to clean up some of those baddies. I am not the person to give that kind of help, but there are plenty of people on the fixing credit part of the boards to help out however they can.

You are going to need to be patient, because those 3 baddies ARE hurting your profile. GE is generous, but they are not comfortable with you right now, and it might take some time for them to feel that you are a trustworthy. Charge monthly, and PIF. Show them that they can trust you to pay your bills. Do not expect that they are going to be generous on that first CLI, but hope that they give you something. Do not look to other peoples experiences and expect your case to be the same, but rather manage your accounts well and give them a reason to CLI you.

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That is what I am planning on doing, thank you for the advice.  I will keep you guys updated.