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Frequent Contributor
RW771
Posts: 311
Registered: ‎08-16-2011
0

Regarding CLI's...

I've been tempted to apply for another card (or two) in order to roll over some balances to a lower APR card, but can't really afford the inquiries, or much less any denials. I have 3 cards I've been tempted to request CLI's on, but 2 of them are almost completely maxxed and 1 is 1/2 way. I'd be able to pay them down much faster if I could transfer them since the rates I'm about to get hit with are ridic. What do you think the chances are they will honor my request for CLI? What do they usually look for?

05/31/2013 672 EQ (Fico), 03/08/2012 697 TU (Fico)

Closed on my first home 12/07/11! Officially a homeowner, thanks to this forum!!!

Valued Contributor
jamesdwi
Posts: 1,970
Registered: ‎09-16-2011
0

Re: Regarding CLI's...

unlinkely unless you have goood scores and a long history with the lender, any card over 70-80% UTL is considered max, most lenders see that as a major negative and won't give CLI's and may balance chase you as you pay them off, best to pay down quickly and get spending under control once your total UTL is less than 30% and all cards are 70% or less UTL you may try for a new card or a CLI on cards that have low UTL. 

 

 


Cards: Chase Southwest 20k & CSP 10k & Freedom 6.6k & Amtrak 4.6k, FNBO DISC 14.9k Oregon Duck 5k, & AMEX BCP 15k & Hilton Surpass 7.5k & Delta Gold 6k & Zync NPSL, Sally Mae5k Sams Club MC 10k, Paypal Extras MC 6k, CapOne QS 2.5k, QS 750, Amazon 3.9k, Walmart 4.5k, Citi Simplicity 7k, HHonors Gold 1k (moved 5k CL to Simplicity), Discover IT 6.5k and a nice stack of store cards.
Last APP 12/15/2014
Established Contributor
migliogiorni
Posts: 657
Registered: ‎06-27-2012
0

Re: Regarding CLI's...

Pay off the cards you have cli's are impossible with maxed out CC's.

 

BOA: 8.9k
CSP: 5k
Discover: 5k
Citi TY Preferd: 5k
Wally: 5k
JCP: 4.9k
citiForward: 4.7k
ChaseFreedom: 4.5k
DFS: 2k
Mega Contributor
LS2982
Posts: 15,436
Registered: ‎04-09-2011
0

Re: Regarding CLI's...

Highly doubt they would grant more credit to you with maxxed out cards, your going to have to pay them down first.



Silver Spade Garden Club Member - Last App 12/16/13 - Looking for a clean slate NO INQ's / Diamond Inspired!
Starting Score:
EX (PLUS) 583 EQ FICO 565 TU FICO 590 3/15/2011 / Goal Scores: 720
Current Score: EX FICO (PSECU) 671 (myFICO) N/A / EQ FICO 679 / TU08 FICO 678 / TU VS 706 3/6/2014
Valued Contributor
navigatethis12
Posts: 1,954
Registered: ‎01-24-2012
0

Re: Regarding CLI's...

Chase granted a credit limit increase when I was about 100 away from the limit. It was a business card though so maybe they are different with those? I know you can not ask what exactly will get you an increase but you should be able to ask a representative if the bank will grant one if you currently have a high balance.


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