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Regular Contributor
luckelle
Posts: 168
Registered: ‎12-05-2007
0

GE Capital bank. Learn from my mistake!

It was Christmas time and I have two GE cards wally and amazon. Nearly maxed them both for the holidays. Never been late and was looking forward to a CLI in January 2013. I was going to pay in full but things got tight for a minute just before the new year and I payed a little more than the minimum balance on both cards. I didnt think this would stop my increase from coming through with GE, considering they are so great as a card company or i was in denial. January comes no CLI from either one. I looked at my CR and (wow) 20 point credit score drop in about 15 days. realized after calling for increase over the phone i was denied as well. So, if you have a new GE card and want that first increase in 4-6 months keep ur balance below the treasured 10 percent mark. This is one for me to grow on:smileysad:

Starting Score: 5/2012 TU 595, EQ 565, EX fako 547
Current Score:as of 9/2012, TU 626,Walmart 612, EQ 600, EX fako 623
Goal Score: 640 by dec 2013
BofA Au 13000, Amazon 600, Capt1 300, Walmart 150
When all else fails pay it!


Established Contributor
jcstarkey8826
Posts: 708
Registered: ‎06-01-2012
0

Re: GE Capital bank. Learn from my mistake!

I got the first auto increase with 96% util on the card???? $200 more after recon of their auto CLI

In my wallet: GCU Patinum Visa 1500 CL, Charter One Platinum Rewards 500 CL, Chase Freedom 800 CL, Wal Mart Discover Card 6300 CL, Kay Jewelers 3000 CL
Valued Contributor
creditnocash
Posts: 2,255
Registered: ‎07-23-2012
0

Re: GE Capital bank. Learn from my mistake!

[ Edited ]

no offense if you nearly maxxed them out what did you expect? 

 

i just bought a desktop today to use as a server to stream to my tv, and it makes my card 450/5000 and i thought that was too high to ask for a cli.

 

at least it was only a soft pull. 

 

edited to reflect the fact my current limit is not 5,000,000 but only 5000 or 5k

 

 

 

Current: Discover Fico 701 10/14 Walmart Fico 689 9/14

Inquiries (24 Months): EQ 3 TU 0 EX 0 | Most Recent: 09/26/2014


2014 Goals:
Lower Utility
47%(OUCH!!)
Freedom Signature

Amex Zync(Unicorn)
Chase Freedom$1500
Discover IT$2900
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Valued Contributor
bs6054
Posts: 1,673
Registered: ‎11-11-2012
0

Re: GE Capital bank. Learn from my mistake!


creditnocash wrote:

 

 

i just bought a desktop today to use as a server to stream to my tv, and it makes my card 450/5000k and i thought that was too high to ask for a cli.

 

at least it was only a soft pull. 


Your card has a $5M CL?  Wouldn't worry about $450 then.

 

Regular Contributor
luckelle
Posts: 168
Registered: ‎12-05-2007
0

Re: GE Capital bank. Learn from my mistake!

My point for this post was to advice new card holders of this error in judgment on my part and to see if others have experienced this. GE is in many opinions a forgiving bank and great with credit increases. I want to offer my possible mistake as a warning to others who may fall into this area.

Starting Score: 5/2012 TU 595, EQ 565, EX fako 547
Current Score:as of 9/2012, TU 626,Walmart 612, EQ 600, EX fako 623
Goal Score: 640 by dec 2013
BofA Au 13000, Amazon 600, Capt1 300, Walmart 150
When all else fails pay it!


Valued Contributor
chnceit
Posts: 1,524
Registered: ‎08-17-2008
0

Re: GE Capital bank. Learn from my mistake!


luckelle wrote:

My point for this post was to advice new card holders of this error in judgment on my part and to see if others have experienced this. GE is in many opinions a forgiving bank and great with credit increases. I want to offer my possible mistake as a warning to others who may fall into this area.


Thank for this info and some will follow it for sure, just get back on track pay your cards down and ask again in a couple of month cause GE is for sure forgiving


$100K in Credit
Last Credit Card App: 11/16/13
Established Contributor
FutureBillionaire
Posts: 650
Registered: ‎12-12-2012
0

Re: GE Capital bank. Learn from my mistake!


luckelle wrote:

It was Christmas time and I have two GE cards wally and amazon. Nearly maxed them both for the holidays. Never been late and was looking forward to a CLI in January 2013. I was going to pay in full but things got tight for a minute just before the new year and I payed a little more than the minimum balance on both cards. I didnt think this would stop my increase from coming through with GE, considering they are so great as a card company or i was in denial. January comes no CLI from either one. I looked at my CR and (wow) 20 point credit score drop in about 15 days. realized after calling for increase over the phone i was denied as well. So, if you have a new GE card and want that first increase in 4-6 months keep ur balance below the treasured 10 percent mark. This is one for me to grow on:smileysad:


Thanks for sharing.  That helps us all.

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