Sears/Citi CLI question.

[chally]

 I am considering asking for a CLI (a hard pull) on my Sears card which currently has a $3,650 limit with a balance of $164. When requesting a CLI, is this done soley by FICO score or score+CR? Score alone would probably qualify me, but 2 PR's on CR might have adverse effects on CL as well as new APR,  as I was able to get a reduced APR from 24.99% to 17.24% a few months back (no hard pull, system simply had me flagged to offer better rate).

2 PR, a released (3-2012) state lien and another state tax lien hopefully to be paid off Sept 1. CR clean otherwise. Am I foolish to attempt this?

[Wolf3]

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@chally wrote:

 I am considering asking for a CLI (a hard pull) on my Sears card which currently has a $3,650 limit with a balance of $164. When requesting a CLI, is this done soley by FICO score or score+CR? Score alone would probably qualify me, but 2 PR's on CR might have adverse effects on CL as well as new APR,  as I was able to get a reduced APR from 24.99% to 17.24% a few months back (no hard pull, system simply had me flagged to offer better rate).

2 PR, a released (3-2012) state lien and another state tax lien hopefully to be paid off Sept 1. CR clean otherwise. Am I foolish to attempt this?

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Yes, you might end with with a decrease in CL or worse.

I would wait until all paid up, and then consider it.   They will also take into account your history with them.   After our financial fiasco 5 years ago,   All 6 of my cards where closed and I had none.   DW cards also closed expcept for Sears Citi card which cut  her CL in half,( i am AU).   They said she was a good customer and did not want to lose her, but had to cut CL because of Charge Offs.

.      

[chally]

Appreciate the reply and experience, your advice makes a lotta sense - you're right, of course. Ah impatience...

[Bobert22]

Is Sears/Citi always a hard inquiry for CLI?

[chally]

Not sure ... I called in once to ask for a one time over limit consideration on an item I wanted to purchase resulting in a CLI w/no hard pull, automated system increases. obviously. But the rep who reduced my APR recently stated a CLI would only be considered w/ hard pull. Perhaps things have changed since 2008/09.

[Creditseeker93]

I got an increase on my Sears MasterCard Platinum without any hard inquiry, although the representative kept saying it would be (but them again he told me to call the Credit reporting agency to find out whether it was going to be a soft inquiry or a hard inquiry).

It's been a month now and no hard inquiry on any of my reports (checked yesterday )

[Aquinbean]

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@Bobert22 wrote:
Is Sears/Citi always a hard inquiry for CLI?

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I JUST got off the phone with a lovely Sears CSR and asked for a CLI (my $250 wasn't doing me much good) and I was VERY clear I was going to be buying a house this year and needed to make sure that it was not going to be a hard pull - she said, nope, it's a soft.  How much do you want?  I threw out a number - $2000.  She said, ok, effective immediately, your new limit is $2000.00.  Holy crap, that was way easier than I expected!  Take THAT, credit utilization!

[SpiceIslander]

I've had that card since 1996 and it's been stuck @ 800.00. Last year I called and asked for a CLI. They told me it would be a hard pull and I agreed. They gave me a cli of 100.00 (LMAO) but no HP showed up on my reports. The card still sits @ 900.00. It's adequate for my needs since I don't shop at Sears very much. I PIF, except when I have a 0% offer.

[Bobert22]

Slots a soft pull or hard pull?

[Aquinbean]

Soft, but call the number on the Sears website cust service.  I just told her I needed to make SURE it was a soft pull.  I don't know why they make you pick how much you want, but she did tell me that if I asked for too much, the system would either come back with a lower amount, or ask for a hard pull.  Just call, they actually have really nice customer service, and everyone I've ever talked to speaks plain, understandable English.