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Sorry to hear about your no love from GECRB. I believe they do CLI after 4 months. Started at $400 and up to $800 within 4 months of opening my JCP account. Also had an Old Navy one started at $400 back in March 2011, raised to $800 in August 2011, and then upgraded to Old Navy Visa with $2,000 limit in April 2012. My belk store card by GE also jumped from $150 to $650 after about 5 months. GE has been good to me, but I wonder if they are picky. Also have the Amazon and Wal-mart from GE just opened in December 2011, and waiting to see if auto CLI are in play soon. And I don't believe utilization comes into play at all. I have a Shell card by Citibank, with about 85% utilization and they still increased CLI from $500 to $700. Not sure what they are basing it on, but I'll take CLI where ever. Of course, my overall CL is $8750 on all cards with 30% uti.
@Anonymous wrote:Of course, my overall CL is $8750 on all cards with 30% uti.
...and my overall CL is $30,850 with 63.8% util.
No baddies on any of my CR's....util is the only thing I can think of...
tcbofade,
I am not sure what to tell you. I have been between the two extremes that have been mentioned in this thread when I got love from GE. My biggest increases in CL from GE cards have come during constant and light usage, with about 90% PIF. My fico util probably has not gotten over 30% since I started monitoring and got my GE cards. GE has not shown me any love when I have not used the cards. They only show me a little love when the card in question has a high balance.
Examples... High first: Amazon store card has given me decent increases, but last year I charged an entire home theater system on the card and this year I got my smallest increase to date, util on that card about 80% (all 0%, where the devil lives ) Similar situation with Walmart store card, I got my smallest increase when I was over 50% on my CL, even though that was all also 0%.
mid... When I brought my Walmart card down closer to the 25% range I called because there was an error on my card. They corrected the error and offered me an upgrade to Walmart Discover, almost increasing my CL 300%. Funny sidenote, after my store card was closed, I got a notice that my CL on it was increased.
No balance... I contacted JCP for an increase when I thought it was about time (I was gardening) and I was rejected due to lack of payment history. I had not used the card in almost a year.
If you want my .02, I would suggest you bring your overall util down to 30% then hit up the GE cards for increases. You should have enough payment history that the internals will look good to them and with a higher fico the externals will match. I would not be surprised to see your CLs with GE jump 100 or 200%. You will have shown them that you can dig yourself out of debt and they will want to give you the chance to get back into debt.
@Anonymous wrote:tcbofade,
If you want my .02, I would suggest you bring your overall util down to 30% then hit up the GE cards for increases...
Thank you for your thoughts and input.
It wasn't until I found myfico that I discovered just how much high utilization was hurting me...I knew it was a negative thing, but didn't realize the impact that it has on my credit score...
I'm werkin' on it...but "under 30%" is at LEAST a year away...