03-13-2013 07:45 PM
All of my major cc are stucked with their original limit.
BofA Cash Rewards 5k
Chase Freedom 3.5k
My Cap1 got auto CLI twice but it's still low at 1k
Victoria's secret cc also got auto CLI twice, now at $850.
I called Discover and Chase about 2-3 weeks ago for CLI but they wanted to do HP but I declined since my FICO core just dropped from 760 to 703 for charging 3.5k on my BofA. It's now paid off and I'm waiting for my score to go back to at least 750s.
The newest card is BofA around 1.5yo.
I'm not a big spender. I make 1-2 large purchases a year. I go on vacation once a year. That's when I see my cc's get charged for 'big' purchase.
Other than that, I use probably 1%-2% a month, sometimes less, and always PIF. I used debit card A LOT, but now I start using cc more often.
So do you think that's why the cc companies hesitate to give me CLI? Because I 'don't need' more credit?
What can I do to get CLI?
Thank you all in advance!
03-13-2013 07:47 PM - edited 03-13-2013 07:48 PM
C1: Rare to get a CLI beyond the credit steps ones which looks like you received.
Chase / BOFA: you have to almost always ask for one, and almost always will it be a HP. Discover someone else'll probably have a better idea on their individual CLI policies than me .
Different lenders have different policies; in general the more you spend through a card the better your chances (imo) of getting a CLI, but it's not guarunteed at any time regardless.
03-13-2013 09:54 PM
03-14-2013 08:00 PM
Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more
FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.