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Regular Contributor
remarc
Posts: 170
Registered: ‎03-05-2012
0

Help raising my limits on my CC

I'm stuck at $1500 on all my cards. No one will give me a higher limit. I've tried CLI on my cards but they all tell me no with SP and it would take HP to bump up my limits. Right now I don't wish to do that as I'm looking to change my car in the next few months.

Here is a short example of my history.

Average Length of credit 1.5 yrs
23% UTI

Discover : $1000
Chase freedom : $1500
Chase Slate : $1500
Cap one : $1500
Citi platinum Select :$1500
Amazon store card $1500
Walmart store card :$1500
Best Buy store card : $1300
Kay's & Jared's : $5100

Btw. I'm not looking to add any more cards.
Should I close some??

Citi has just passed 1 year mark
Discover & chase freedom will be 1 year mark in march.
Best buy is 3 years in march only ever had 1 increase.

Please can u advise what u think I should do or best way to progress.
Valued Contributor
daybreakgonesXe
Posts: 1,867
Registered: ‎11-17-2012
0

Re: Help raising my limits on my CC

I wouldnt close them, especially before getting a new car. Keep them, use them responsibly, and be patient...in a few months you'll be able to request higher lines on some of the cards, especially GE...you can request a CLI on the amazon and Walmart every 4 months...

I also recommend using each card at least once a month, PIF, 1%-9% utilization, and keeping that utilization balance on one card while the rest report zero...this will help boost your score for that car loan as well as give you a better shot at SP CLI!
Capital One Quicksilver World Mastercard $10k | JCPenney Platinum $7.5k | Shell Drive for Five $800 | Chase Freedom Visa Signature $9.8k | TD Bank Easy Rewards Visa Signature $5k | Chase Sapphire Visa Signature $10k | American Express Blue Sky $25k | Discover IT $9.5k | SavingStar American Express $14.8k

FICOS: EX 759 EQ 718 TU 740 Credit Karma (TU) 790 Transrisk 820/990 Credit Sesame (EX) 766 Credit.com (EX) 774 VantageScore 3.0 726 Quizzle (EQ) 721
Frequent Contributor
QAMngrGirl
Posts: 463
Registered: ‎11-28-2012
0

Re: Help raising my limits on my CC


daybreakgonesXe wrote:
I wouldnt close them, especially before getting a new car. Keep them, use them responsibly, and be patient...in a few months you'll be able to request higher lines on some of the cards, especially GE...you can request a CLI on the amazon and Walmart every 4 months...

I also recommend using each card at least once a month, PIF, 1%-9% utilization, and keeping that utilization balance on one card while the rest report zero...this will help boost your score for that car loan as well as give you a better shot at SP CLI!

+1 Great advice!


daybreakgonesXe wrote:
I wouldnt close them, especially before getting a new car. Keep them, use them responsibly, and be patient...in a few months you'll be able to request higher lines on some of the cards, especially GE...you can request a CLI on the amazon and Walmart every 4 months...

I also recommend using each card at least once a month, PIF, 1%-9% utilization, and keeping that utilization balance on one card while the rest report zero...this will help boost your score for that car loan as well as give you a better shot at SP CLI!

 

Start: Nov'12 EQ 699/EX 685/TU 696 / Current: April''14 EQ 715/EX 709/TU 709 * Goal 750+


Frequent Contributor
wallyworld123
Posts: 455
Registered: ‎01-04-2012
0

Re: Help raising my limits on my CC


remarc wrote:
I'm stuck at $1500 on all my cards. No one will give me a higher limit. I've tried CLI on my cards but they all tell me no with SP and it would take HP to bump up my limits. Right now I don't wish to do that as I'm looking to change my car in the next few months.

Here is a short example of my history.

Average Length of credit 1.5 yrs
23% UTI

Discover : $1000
Chase freedom : $1500
Chase Slate : $1500
Cap one : $1500
Citi platinum Select :$1500
Amazon store card $1500
Walmart store card :$1500
Best Buy store card : $1300
Kay's & Jared's : $5100

Btw. I'm not looking to add any more cards.
Should I close some??

Citi has just passed 1 year mark
Discover & chase freedom will be 1 year mark in march.
Best buy is 3 years in march only ever had 1 increase.

Please can u advise what u think I should do or best way to progress.

You have a nice set of cards please do not close any. Right now you are really doing good just be a bit more patient you are at or just pass the 1 year mark let your cards grow you want it fast but, you know it takes time just continue to do what you have been doing. Try to get a increase from the underwriters at walmart g.e. this can help with utilization since they are gr8 with increases.

Established Contributor
adavis425
Posts: 525
Registered: ‎02-14-2012
0

Re: Help raising my limits on my CC


daybreakgonesXe wrote:
I wouldnt close them, especially before getting a new car. Keep them, use them responsibly, and be patient...in a few months you'll be able to request higher lines on some of the cards, especially GE...you can request a CLI on the amazon and Walmart every 4 months...

I also recommend using each card at least once a month, PIF, 1%-9% utilization, and keeping that utilization balance on one card while the rest report zero...this will help boost your score for that car loan as well as give you a better shot at SP CLI!

+1

What he/she said....Patience, Grasshopper. :smileytongue:

AmEx Platinum | AmEx BCP | AmEx Delta Gold | CSP | Chase Freedom | NFCU cashRewards Visa Sig | NFCU Plat MC | WM MC | Discover it | JCP



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