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