Re: Increasing my credit limit to increase my score
ragcajun wrote:
Wow, Brammy I never thought that Wamu was good with CLs. I love AMEX because there no soft or hard pulls. But you do run the risk of FR.
I have started using my Wamu and PIF. I will see if they increase my CL. I have only had the card a little more than a year without much use because credit line was so small at $1K
I started with the same limit and am at 5K in one year. I did take advantage of a few of their BT offers for small balances and paid them off before they expired though
Re: Increasing my credit limit to increase my score
drjenn wrote:
I have a WAMU platinum card...started with a $3500 CL had a balance of 1800, when they increased my CL to $4500 automatically without me requesting the increase.I think they review ou account history and make increases based off that..... and im most sure your salary plays a roll...
I dont think salary come into play as banks well know that here are pople who make LOTS of money but don't pay their credit card bills (my ex for one). I think most increases are based on your payment history with them and the info they get from Transunion.
They may have given you a conservative limit at first and upped it based on that three mo payment history. I under reported my salary but my limit increases have been coming like clockwork. My limit has increased 5 fold but I know, even with the under reporting, my salry did not.
