09-26-2012 07:25 AM
09-26-2012 07:30 AM
09-26-2012 07:32 AM
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.
09-26-2012 07:54 AM
09-26-2012 09:25 AM
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.
09-26-2012 12:01 PM
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!! :-)
09-26-2012 12:05 PM
I'll prob just try to get it under 50% bal and the req a cli. :-)
09-26-2012 12:19 PM
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)
09-26-2012 12:32 PM
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 :-)
09-26-2012 09:56 PM
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.
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.