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Macy's GLI schedule

Established Contributor

Re: Macy's GLI schedule

Ha!

 

After reading this I thought I would call them and see - when I first opened my account  just over 3 months ago - all they gave me was a $100 limit on a store card - thought I would see what I could do.

 

When I called them tho they told me it had already been reviewed on the 20th April after 3 months and that my Credit Limit is now $1000 - WOO HOO! 

Message 21 of 33
Established Member

Re: Macy's GLI schedule

Nice! I also started with a $100 credit limit. After 3 months, they gave me a $100 GLI, so now I'm at $200.

 

Any ideas behind why the huge GLI? Do you shop and spend a lot at Macy's with your store card? I make small purchases every month and PIF before the statement hits, so it reports a $0 balance.

Message 22 of 33
Epic Contributor

Re: Macy's GLI schedule

Macy's get soft updates from credit reports every month. the previous poster gained over 70 pts, that probably had something to do with the huge increase in credit line. but spending really helps too I think
Message 23 of 33
Established Contributor

Re: Macy's GLI schedule


kalv wrote:

Nice! I also started with a $100 credit limit. After 3 months, they gave me a $100 GLI, so now I'm at $200.

 

Any ideas behind why the huge GLI? Do you shop and spend a lot at Macy's with your store card? I make small purchases every month and PIF before the statement hits, so it reports a $0 balance.


I have got it up to the $99 mark once each mnth and then pay it down to $2 or so bu yeah i thik credit addict is probably correct and it is mostly to do with score jump

Message 24 of 33
Established Member

Re: Macy's GLI schedule


kalv wrote:

Nice! I also started with a $100 credit limit. After 3 months, they gave me a $100 GLI, so now I'm at $200.

 

Any ideas behind why the huge GLI? Do you shop and spend a lot at Macy's with your store card? I make small purchases every month and PIF before the statement hits, so it reports a $0 balance.


 Kalv, 

 

i've used this card probably 5-6 since opened in July 08. most of those times the card was pif before a statement was cut and were very small amounts of $50 or lower. If they went by spending habits then I shouldnt have a 1500 cl.

Message 25 of 33
Regular Contributor

Re: Macy's GLI schedule

They denied me for a GLI, I have had the card since november 2008, never late, balance is low.

 

They started me at 100, uped me to 200.

 

 

and i called for my GLI yesterday and denied.. wtf?

Message 26 of 33
Senior Contributor

Re: Macy's GLI schedule


torry590 wrote:

They denied me for a GLI, I have had the card since november 2008, never late, balance is low.

 

They started me at 100, uped me to 200.

 

 

and i called for my GLI yesterday and denied.. wtf?


 

you've had the card for approximately 6 months.  you need to wait for 3 statements to cut from the last increase. 
DCU EQ 5.0, Citi EQ 08 Bankcard, PenFed EX NG2
EX 08: AFCU, Amex, Chase, PSECU EX 98(?)
TU 08: Barclays, Discover
Message 27 of 33
Senior Contributor

Re: Macy's GLI schedule

itsmeagain, 

 

i'm jealous, as a city dweller, i rarely get to a bbq Smiley Sad

thanks for sharing the info. about your store card/ visa pairing-  

 

just remember next time to throw another shrimp on the barbie for me!

DCU EQ 5.0, Citi EQ 08 Bankcard, PenFed EX NG2
EX 08: AFCU, Amex, Chase, PSECU EX 98(?)
TU 08: Barclays, Discover
Message 28 of 33
Regular Contributor

Re: Macy's GLI schedule

I did let it cut, I called when they told me to. They said I was denied for one.
Message 29 of 33
Senior Contributor

Re: Macy's GLI schedule

as creditaddict indicated they pull a soft every month.  if you have negative info. reporting, that may be the reason they did not increase CL.
DCU EQ 5.0, Citi EQ 08 Bankcard, PenFed EX NG2
EX 08: AFCU, Amex, Chase, PSECU EX 98(?)
TU 08: Barclays, Discover
Message 30 of 33