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Contributor
Posts: 252
Registered: ‎07-08-2013
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How much CLI?

Hi all, love these forums! Lots of really nice members who give great information and advice! I'm going to apply for a CLI for my BoA Cash Rewards card. Right now, my limit is at 700$. I've had the card with them since 11/12 and have had a low utl + pif every month. How much of a credit limit increase should I ask for? I was thinking maybe 2x or 3x?

BoA 123 $2.5k (11/12) // Discover It $3.9k (7/13) // Citi Forward Student $3.8k (7/13) // Chase Freedom 5k (12/13) // Amex Blue Cash 6k (1/15)

Starting Score: No Credit History (11/12)
Current Score: MyFico 761
Goal Score: 800+


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Posts: 351
Registered: ‎06-02-2013
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Re: How much CLI?

How much has your score increased since you have been with them? What about your income? Any other cards?

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Starting Score: 777
Current Score:  761
Goal Score:      800
Super Contributor
Posts: 7,132
Registered: ‎02-27-2013
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Re: How much CLI?

Just ask for say 3-4x. They should counter offer you if that can't raise it by that much. You are taking a HP for it anyways, so might as well ask for as much as you can.
JPMorgan Palladium (100k), AmEx Platinum (NPSL), AmEx SPG (46k), AmEx BCP (42k), Chase Sapphire Preferred (47k), Citi Prestige (31k), Citi Thank You Preferred (27k), Citi Executive AAdvantage (25k), JPMorgan Ritz-Carlton (21k), Merrill+ (15k), US Bank Cash+ (22.5k), Wells Fargo (12k), Bloomingdale’s (12.4k), Chase Freedom (5k), Discover IT (5k).
Contributor
Posts: 252
Registered: ‎07-08-2013
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Re: How much CLI?


GatorGuy wrote:

How much has your score increased since you have been with them? What about your income? Any other cards?


Well before I got the card, I had no credit history at all. I don't know my score yet except for on creditsesame which is at 722. My personal income is 12,000 a year and my wife makes the same. Is it considered household income or just person? This is the only card I have.

BoA 123 $2.5k (11/12) // Discover It $3.9k (7/13) // Citi Forward Student $3.8k (7/13) // Chase Freedom 5k (12/13) // Amex Blue Cash 6k (1/15)

Starting Score: No Credit History (11/12)
Current Score: MyFico 761
Goal Score: 800+


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Contributor
Posts: 252
Registered: ‎07-08-2013
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Re: How much CLI?


enharu wrote:
Just ask for say 3-4x. They should counter offer you if that can't raise it by that much. You are taking a HP for it anyways, so might as well ask for as much as you can.

Oh wow, I didn't even know they counter off you. My thought was if I ask too much they might just deny me so I wanted to ask for as much as I can without seeming greedy lol.

BoA 123 $2.5k (11/12) // Discover It $3.9k (7/13) // Citi Forward Student $3.8k (7/13) // Chase Freedom 5k (12/13) // Amex Blue Cash 6k (1/15)

Starting Score: No Credit History (11/12)
Current Score: MyFico 761
Goal Score: 800+


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Re: How much CLI?

To answer the question on HHI, it would depend on how their question is posed. If they say, YOUR income then its just you.
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Re: How much CLI?

[ Edited ]
To answer the question on HHI, it would depend on how their question is posed. If they say, YOUR income then its just you.

Edit: duplicate post.
Contributor
Posts: 252
Registered: ‎07-08-2013
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Re: How much CLI?


09Lexie wrote:
To answer the question on HHI, it would depend on how their question is posed. If they say, YOUR income then its just you.


On the application, it just says Annual Income which is why I'm a little confused.

BoA 123 $2.5k (11/12) // Discover It $3.9k (7/13) // Citi Forward Student $3.8k (7/13) // Chase Freedom 5k (12/13) // Amex Blue Cash 6k (1/15)

Starting Score: No Credit History (11/12)
Current Score: MyFico 761
Goal Score: 800+


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Super Contributor
Posts: 7,132
Registered: ‎02-27-2013
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Re: How much CLI?

It's best to assume everything to be personal income until they specifically ask for household income.
JPMorgan Palladium (100k), AmEx Platinum (NPSL), AmEx SPG (46k), AmEx BCP (42k), Chase Sapphire Preferred (47k), Citi Prestige (31k), Citi Thank You Preferred (27k), Citi Executive AAdvantage (25k), JPMorgan Ritz-Carlton (21k), Merrill+ (15k), US Bank Cash+ (22.5k), Wells Fargo (12k), Bloomingdale’s (12.4k), Chase Freedom (5k), Discover IT (5k).
Contributor
Posts: 252
Registered: ‎07-08-2013
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Re: How much CLI?


enharu wrote:
It's best to assume everything to be personal income until they specifically ask for household income.

That's what I figured. Do they actually check? For example if I make 12k and I put 15 or 20k would that matter? The problem for me is, Most of the money I make is all cash so there isn't really a way for me to show how much I make at this time...

BoA 123 $2.5k (11/12) // Discover It $3.9k (7/13) // Citi Forward Student $3.8k (7/13) // Chase Freedom 5k (12/13) // Amex Blue Cash 6k (1/15)

Starting Score: No Credit History (11/12)
Current Score: MyFico 761
Goal Score: 800+


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