06-16-2011 01:06 PM
I have an Old Navy card w/$200 limit I got in Mar '11. I've read here that GEMB will give CLI after 4 months and have a couple of questions:
#1, Will GEMB do a hard or soft pull for CLI?
#2, Is the CLI automatic, or do I have to ask for it? (If I ask for it, will they then do a hard pull?)
#3, I have really only used the card once, for my original purchase. The ONLY reason why I would want a CLI is to help my score. From what I've read here, higher CLs help w/our util%. But I've also read that for best score, we should only carry a bal on one CC, which should report at <9%. So, if I need to have ONLY one CC rept at ,9% of that CCs CL, then how does it help me to have a higher limit on another card? I hope that makes sense. I think I'm experiencing brain fog here, and can't seem to figure this out.
06-16-2011 01:20 PM
I have 3 GEMB cards jcpenny, walmart, new card lowe's opened last month, and with GEMB you can request a cli after every fourth statement cuts and it is a soft pull
although with some of their cards like walmart they give small cli's, but I have been getting them like clockwork every 4 months, with the card you have I do not know how generous gemb will be maybe someone will chime in who actually has this card, so if you have had 4 statements generated, you can hit the luv button. Good Luck to you
06-16-2011 01:25 PM
Thank you. Do you use them a lot? I'm not sure what kind of CLI I'd get since I'm not really using the card. I may have to go into the store to pickup something small just to have activity on the card.
I'm just wondering if it's worth it. In the big picture, will a large CL on this CC help me get better cards and/or help my score?
06-16-2011 01:26 PM
They will sometimes even also Auto-CLI on the first 4th statement.
That would be *really* nice.
06-16-2011 05:47 PM - edited 06-16-2011 05:48 PM
I've had three GEMB cards (still have one open) and they have always granted a CLI on request - if four statements have cut since the last CLI or opening.
In 2 years, I've yet to get an automatic CLI on a GEMB. The customer initiated CLI's have always been soft pulls, however.
bichonmom- FICO looks at overall utilization and individual utilization.
Increased CL on a card may not matter as long as you follow the one card reporting <9% with the remaining cards reporting 0.
I like to increase my CL's because it's just easier to manage the utilization thingy. And on cards I plan on keeping open for a long time, it's handy - they're just much easier to use than a low CL card. Increased store card CL's may or may not influence other CL's. In my case, they haven't. Their CL's are still smaller than my CU or bank cards.
06-16-2011 05:59 PM
Thatnk you, BeamMEup. Helpful info. I guess the CLI would make it easier to shop at that particular store, but it sounds like it probably wouldn't help with my util% very much, if at all.
06-16-2011 06:06 PM
And, depending on the store (they seem to have their own "typical" amount on CLI's) 3 CLI's a year at say $300 (what I typically get on my Dillard's) is almost a grand a year. That adds up over time.
06-16-2011 11:10 PM
I have several GEMB-backed accounts and all of my CLI requests have been soft pulls. They are very good about that, and are also very good about periodic CLI's on their own. I know a fair amount of people on these boards don't like them, but I've never had a problem and will continue to have their accounts even after I one day go past 750+.
06-17-2011 05:16 AM
I too have an Old Navy card in which I opened around Mar. Limit was $200. After 4th statement cut I was given a $300 increase. So now $500. So I would expect for you to see an increase on yours as well. I usally spend $30 to $60 every month. I can also add I had a balance of $130 on it when I was given the CLI. Bought some shoes through piperlime. They too have pretty good sales. Top notch sneakers.
So Good Luck!!!