Credit Cards

[masscredit]

Does anyone know how auto-CLIs happen? If we try to initiate an increase over the phone, we call in. talk to a person, they ask questions, look over our credit report and then it's either yes or no.  But for an auto increase, are their computers programmed to bump the limit up after "x" amount of time if there are no missed payments or are their other factors? 

[visorboy1974]

It all depends on the issuer.  Some will auto-CLI after 6 months with some use and good history, others will never do it.  

[creditnocash]

There are factors involved. But as long as you use their card. Keep your reports clean. Pay on time and pif. Depending on what company it is. 

ive received them from a couple different companies but yeah.

[CreditWorld2013]

I believe the computer systems include some formula with : Time as an account holder, payment and usage history, etc. I really wish I knew what would make Discover and Citi give Auto-CLIs as I can't seem to find the right formula with them. Any one willing to share their pattern with any of these 2 banks? 

[nicholasyud]

Most of the time, i guess used your card heavy and paid it as soon as possible.

75% they increase limit for heavy user.....i might be wrong ;-(

[daybreakgonesXe]

Discover seems to like people carrying and paying down balances, at least they like it when my boyfriend does it!!! Hasn't had the card for a year (opened May 2012) and they've bumped him twice from $1250 to $1500 to most recently $1900! High balance was around $900+ now down to mid $700s...go figure...my brother has an account as well and they haven't done anything for him, polar opposite of boyfriend, makes small purchases then PIF, has had account since June 2012, still at $5000

Then again, I could be comparing apples to oranges...brother received preselected mailing for Open Road Student (?) (Discover account does not list it as a Student Open Road, however), while boyfriend applied for the More, was denied, but offered the $1250 card instead, not sure what kind of rewards, if any, it has, or what card it actually is.

[jamesdwi]

Use the cards, pay your bills, Doesn't have to be paid in full I  have recieved in Auto-CLI's in cases where I have paid in full, and in cases where I have balances showing in fact most of the time I have been given auto-CLI's  it has been when I have been carrying a balance. The exception is AMEX who apparently doesn't like you to carry a balance for long periods even on there revolvers. 

Amazon (GE)  - Auto-CLI with a balance showing, and requested CLI's in both cases. 

First National Bank Omaha - Auto-CLI with a balance showing about 30% UTL on the card, I got the card for the 12 months 0% interest deal

Walmart (GE)  - no Auto-CLI yet, I just ask and every 4 months they say yes and give me a CLI. 

While Auto-CLI's are nice to get the reality is, if you want a higher credit limit on your cards ask for them. If you have been a good customer and paid all your other bills, with no recent baddies, and have the necessary income it will probably be granted. 

[Revelate]

Do everything right, and then get lucky.

Please note that the lender's criteria of what's right changes on average 18.465 times every day while the lunar phase is waxing, and on average 19.948 times every day while it's waning.  On new and full moons, auto-CLI's don't happen.

Tongue-in-cheek notwithstanding, with many lenders you may as well use a Oujia board to predict it.  Personally I don't count on any auto CLI ever happening to me; if it does, then I'll simply be very pleasantly surprised. 

[beb86]

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Revelate wrote:

Do everything right, and then get lucky.

Please note that the lender's criteria of what's right changes on average 18.465 times every day while the lunar phase is waxing, and on average 19.948 times every day while it's waning.  On new and full moons, auto-CLI's don't happen.

Tongue-in-cheek notwithstanding, with many lenders you may as well use a Oujia board to predict it.  Personally I don't count on any auto CLI ever happening to me; if it does, then I'll simply be very pleasantly surprised. 

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So PIF or keep balances low and you should be a shoe-in for a CLI? Is that what you were trying to say?

[TJDgator]

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daybreakgonesXe wrote:

Discover seems to like people carrying and paying down balances, at least they like it when my boyfriend does it!!! Hasn't had the card for a year (opened May 2012) and they've bumped him twice from $1250 to $1500 to most recently $1900! High balance was around $900+ now down to mid $700s...go figure...my brother has an account as well and they haven't done anything for him, polar opposite of boyfriend, makes small purchases then PIF, has had account since June 2012, still at $5000

Then again, I could be comparing apples to oranges...brother received preselected mailing for Open Road Student (?) (Discover account does not list it as a Student Open Road, however), while boyfriend applied for the More, was denied, but offered the $1250 card instead, not sure what kind of rewards, if any, it has, or what card it actually is.

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I agree with this as well, when I first got my discover I payed it in full for the first couple months. Since I was still in the 0% phase I decided to carry a balance and once the statement cut I receieved an auto-cli.