04-06-2013 10:25 PM - edited 04-06-2013 10:55 PM
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!
04-07-2013 11:30 PM
04-07-2013 11:55 PM
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.
* For complete information, see the terms and conditions on the credit card issuer’s website. Once you click apply for this card, you will be directed to the issuer’s website where you may review the terms and conditions of the card before applying. While myFICO always strives to present the most accurate information, we show a summary to help you choose a product, not the full legal terms - and before applying you should understand the full terms of products as stated by the issuer itself.
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.