Credit Cards

[lionsfan20]

I want to increase my limit to 20k after starting at 15k in july..my problem is I really dont have any income and IM afraid they might to a f/r.

Anyone ever been reviewed for requesting? and if they have , was it a bad experience?

[Jutz]

Ignoring the obvious question of why you might need it, from what I've seen, anything that changes the pattern of normal behavior could be open to a F/R.  I'd assume this includes requesting more credit.  However people on here seem to request AMEX CLI at 2 mos, and every 6 mos after, so I can't imagine it's commonplace.

[lionsfan20]

Well Ive put through about 2k for holidays and unlike most people..I dont believe in paying in full so I want to have more credit so it dont affect the util

[Jutz]

I'd think reporting balances in conjunction with the CLI might boost a FR chance, but if the UTIL is only like 10% I don't think anyone's flagging you or anything.

[bs6054]

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lionsfan20 wrote:

Well Ive put through about 2k for holidays and unlike most people..I dont believe in paying in full so I want to have more credit so it dont affect the util

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What does "I don't believe in paying in full" mean?   You choose to carry a balance?  Is it a 0% promo?

[Walt_K]

Not being able to pay your bill, and not having any income, are not good reasons to request a CLI.  But if they don't approve you, I doubt they'd do a financial review. 

[lionsfan20]

Not once did I say I couldnt pay it..there is absolutely no sense in having a revolving card if your going to pif every month..everyone iVe seen here who does that is SUPER paranoid about loosing a few points off their score to pif...If you want to pif get a charge card , other wise that is the whole purpose of revolving cards.

[jake619]

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lionsfan20 wrote:

Well Ive put through about 2k for holidays and unlike most people..I dont believe in paying in full so I want to have more credit so it dont affect the util

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lionsfan20 wrote:

I want to increase my limit to 20k after starting at 15k in july..my problem is I really dont have any income and IM afraid they might to a f/r.

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How does that work?

[bs6054]

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lionsfan20 wrote:

Not once did I say I couldnt pay it..there is absolutely no sense in having a revolving card if your going to pif every month..everyone iVe seen here who does that is SUPER paranoid about loosing a few points off their score to pif...If you want to pif get a charge card , other wise that is the whole purpose of revolving cards.

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OK, guess it depends what you mean by PIF.   People here who are "SUPER paranoid" pay in full BEFORE the statement cuts.  Is that what you mean?

Others PIF each month (after the statement cuts) to avoid interest charges.   If you are in a 0% period, that doesn't matter.

But your statement is false anyway.  I have a BCP, the whole purpose of which is to get the 6% discount on groceries.  PIF to avoid interest makes perfect sense.  Interest tends to negate any rewards benefit, and in this environment, interest charges are generally much greater than interest you receive in checking/saving.

[pkosheta]

It may be a revolving credit card, but AMEX does not like people carrying balances for more than a month or 2.  If you hold A balance for more than that expect a CLD Or worse.  Also consider a BT to a 0% card or a lower apr card if you plan on holding onto the debt.  Rewards cards are known for having terrible interest rates.