So after I closed on my house I went on an app spree. Got approved for a Sam's club card. A whole whopping $400. I immediatly asked for a higher limit and was turned down. I maxed it out, paid it off, maxed it out and paid it off. I let the balance sit for about 2 weeks before paying off. I asked for a credit increase and was turned down. Decided to hell with them, I let the card sit ideal for 30 days. I log onto my account to make sure I paid off before interest hit and verify I am truely at 0 balance (I am). But notice they increased my limit to $1700!!!
Holy buckets!!! That is a $1300 uninitiated increase.
How often should I expect these increases?
Congratulations! YMMV but a good rule of thumb is after every 4th statement you can request a CLI
Not the first time I read this story. I'm beginning to wonder if its a good idea to hold on to a new account for at least 4 months.
Anyhow, that's a nice bump!
