Credit Cards

[shalane85]

I got my first real CLI from Cap 1 last month from $750 to $1250. Since I am feeling good about that I was wondering how long should I wait to ask for a CLI for my Macys card. I just got the card in February 09. SO should I wait 3 months or 6 months?

[scrambler]

I would wait six months before asking for any CLI.  That is just me, I also got  Macy's card March 09 and I don't plan to ask for any CLI till September. I believe 6 months is the minimum required for them to evaluate your credit habit.

  However, Macy's do have a GLI (guideline increase) every three months provided you shop with them and PIF every month. Wait for your third statement to cut and see if you get the GLI automatically. What is the CL on you Macy's card by the way.

[Creditaddict]

Macy's is every 3 months, I program it in my cell phone to alert me when I hit it to the day!

[MidnightVoice]

How long?  Well, if Obama gets it right, I suggest June 2010.  If he gets it wrong, add a couple of years to that 

Message Edited by MidnightVoice on 04-27-2009 07:49 AM

[shalane85]

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scrambler wrote:

I would wait six months before asking for any CLI.  That is just me, I also got  Macy's card March 09 and I don't plan to ask for any CLI till September. I believe 6 months is the minimum required for them to evaluate your credit habit.

  However, Macy's do have a GLI (guideline increase) every three months provided you shop with them and PIF every month. Wait for your third statement to cut and see if you get the GLI automatically. What is the CL on you Macy's card by the way.

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My 3rd statement just cut and I didnt get the GLI. I have been paying my measly $100 cl in full each month.

[FicoHound007]

Do you have to PIF everymonth on macy's to get a CLI every 3 months?

[scrambler]

I think you should go ahead and ask for a CLI. $100 CL is just ridiculous. You are severely limited by that CL to shop for anything reasonable with Macy's.  I will pay the statement balance in full and wait 2-3 days for the payment to post on the account and then request for a GLI. Good luck.

[scrambler]

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FicoHound007 wrote:

Do you have to PIF everymonth on macy's to get a CLI every 3 months?

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No. But PIF shows that you are able to manage credit properly and will increase the likelihood that you will have no problem getting the GLI.

[CMS2012]

Hi Shalane85,

 I was approved for a Macys card on March 5th,  I checked my credit report in early April and to my surprise, my credit limit was upped by $200.   I did not ask for a CLI so as you can imagine,  I was one happy camper!. 

I did charge a pair of pretty expensive jeans, but then I paid my bill in full at the register. 

Hope this helps!