Credit Cards

[youngandcreditwrthy]

Okay... Soo my sixth statement finally cut and became avail. online. I did not receive a cli from Barclay's on my Travelocity Amex. My question is whether or not I should call the backdoor number to request one?
I recently rec'd several clis, which are just helping my util (was already 15%) and all are reporting except one, which will be my highest when it does. Ideally, I'd like to get my Trav Amex up to $10,000!!!

Here are important stats regarding this account and my CH:
Bal on Trav Amex is $5130/$6500 (due to 0% bt).
I've been paying $200-400 each month since opening.
I've only opened one other account if you exclude my Wmt Discover upgrade since I got the Trav Amex.
I've only accrued one or two more inquiries in the past six months (one on TU, which Barclay's usually checks).
Overall util is like 12% now with only one other account indiv. util of 50% (Cap One 650/1300).
Btw, I plan to pif before the 0% expires on Xmas Eve 2012 LMAO.
Think that about covers Barclay's usual concerns...

So, what advice do you all have for me?? I know y'all have some intellect on this stuff!!

[youngandcreditwrthy]

Btw... Highest limit will be $12,000 once it reports on 9-30-12 approximately... And I only recently charged like $12 just to get it to report lol

[Walt_K]

I don't know Barclay's specifically, but I don't think alot of creditors would be inclined to give you a CLI when the card is basically maxed out.  Regardless of the fact that you are taking advantage of a 0% offer, I think they'd still be hesitant.  I'd just wait until you pay it down after the 0% promo period and then ask for a CLI.

[youngandcreditwrthy]

Walt_K.. Thanks for the advice! I wouldn't use the extra credit... I just hate having that one card with a high util.  lol

[Creditaddict]

I would ask for the CLI in Jan or Feb. once the PIF shows... Some like Citi will give CLI while in BT offer if you have made signifant dent on the BT, friend did $4k on $4200 limit I think and at 4 or 6 months, he had it down to just under $2k and they increased it to $8600 at request.

[youngandcreditwrthy]

That's what I expected creditaddict! I'm planning to pay a $1,000 or so on it in the next month so I'm sure they will see that as well. Luckily, if I don't pif, it's not one of those things where I pay accrued interest. As I said though, I do plan to PIF. I just hate having that high util on that one card lol.. but I guess that's my own fault. At least I have that nice limit with a "fake" Amex haha :-) Thanks for the advice!! :-)

[youngandcreditwrthy]

I'll prob just try to get it under 50% bal and the req a cli. :-)

[codimom]

I think you're on the right track by paying down the balance/utilization.  I asked for a CLI after my 6th statement (because I was anticipating a large charge that would have gotten too close to max on my card) and it was granted.  I had a zero balance at the time.   (oh and my cl went from 4500 to 9k)

[youngandcreditwrthy]

sweeeeet! This is my first and only Barclay's account, so I have no experience with their CLIs yet... but I'm hoping that when I do take the plunge... or get an auto cli, that I get to $10,000! woooo

codimom, btw... did you use their online cli request thing? or did you call? I always feel like calling the credit analysts directly improves my odds of getting the limits I want.

Thanks for the advice :-)

[CreditScholar]

Your chances of getting a CLI with your current util are virtually 0. From their perspective, if they give you a CLI they'd be concerned you'd just max out the new limit. You really need to work on getting that util down before you have a good chance. I'd suggest 25% or under. You can try at 50% but I wouldn't fancy your chances.