Is this bad???

[shorrttyycm1]

Is it bad to request cli on cards and still not use them? For example, all my cards have been at zero balance with no activity for like 3-4+ months. I just requested and got a HUGE cli from NFCU. I haven't used that card in months. Is that frowned upon? Is it considered bad manners to ask for and get cli and still not use the card? Will they take it back?

[pakman92]

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@shorrttyycm1 wrote:
Is it bad to request cli on cards and still not use them? For example, all my cards have been at zero balance with no activity for like 3-4+ months. I just requested and got a HUGE cli from NFCU. I haven't used that card in months. Is that frowned upon? Is it considered bad manners to ask for and get cli and still not use the card? Will they take it back?

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I can only speak from my experience.  I've had cards with large CL (some gained through CLI) that I rarely use.  I have not yet had CL reduced for any of those cards.  YMMV.  I'd be interested in hearing others' experiences.

[LS2982]

IMO it depends. I think store card clis are more likely to stick with inactivity over bankcard clis.

[shorrttyycm1]

Thanx for the reply! I don't have any store cards i just have the four bank cards. I really don't want them to cld me for non use but really can't justify any large purchases right now. I coyld transfer the bal of my car loan to my nfcu cqrd but that would put the card at 50% util until i could pay it down. Would that hurt my score...moving a balance from a installment to a cc revolver?

[Open123]

No, I don't think it's bad, unless you're hitting the overall aggregate limit in which lenders are comfortable extending to you.

[shorrttyycm1]

How do ik what that limit is? Is there a formula to gustamate what the overall ratio will be?

& thnx :-)

[Open123]

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@shorrttyycm1 wrote:
How do ik what that limit is? Is there a formula to gustamate what the overall ratio will be?

& thnx :-)

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All things being equal, general formula you can use to estimate aggregate (from all lenders) would be approx 2X your income, and 50%+ your income with a single lender.  The single lender would be higher if you had considerable deposits with them (north of $100K, perhaps).

[shorrttyycm1]

O great, then i still got plenty of room to grow! Thnx for the info...much appreciated

[Chris123nTx]

I have non taxable income of about 62k a year with total credit limits of $97,200 across 6 cards. I dont think i have ever had more than about 7k total balance and typically run a balance showing about 3% a month reported to the credit bureaus. I only use some of them enough to keep them open. Never have had any kind of issue.

[shorrttyycm1]

I'm at about 32k across the four with 54k income. I never in my life had this much available credit. Before my rebuild my highest ever was $1500 total and that took like 8 subprimes and i always maxed them. Now i can't convince myself to charge anything. I get stressed seeing a balance on anything now :-) It is great to be trusted. I'm never going back to credit pergatory EVER!