Hey everyone, I achieved all of the cards that I set out to get a year ago! Now I would like to increase all of the lines of credit every 6 months. I spend about 500 a month. I only make 30k a year but I live rent free.
AAOA: 1.2 years
Total credit: 10550
Utilization: 8% - always under 10%
30,60,90 day late on secured BofA in 2010.
Credit Score: myFico EQ 649, AMEX EX 667, Discover TU 686
AMEX Zync: PSL
Capital One Rewards: 1750
Capital One Platinum: 1250
Barclaycard Apple Visa: 2500
American Eagle: 750
AMEX BCE: 1000 (will do the 3x CLI at 61 days)
Chase Freedom: 2000
Discover IT: 1000
So, a few questions:
1) If given an auto CLI, do I need to wait 6 months after the increase to request another one?
2) How much should I ask for each time I request an increase? I plan on asking for 1k each time. ( excluding amex 3x CLI)
3) If I am declined a CLI and need to recon, what should I tell the CSR? I know they will ask me "why do I need/want an increase?" What should I say to that? Since I dont have high income and have plenty of credit. If I say "I plan to use the card more or for my main card" and I dont use it for more than 200$ a month....won't they decline my request? That is my main concern.
Thanks for any help in advance!
different strategies and not enough information, credit history, and what cards your currently holding, aaoa, etc are required to give an answer.