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Regular Contributor
xerostatus
Posts: 142
Registered: ‎05-09-2013

Stated reason for CLI request?

A question popped up in my head, just outta curiosity's sake:

 

Does anyone ever get asked for the reason for wanting/needing CLI during the request?

And if so, what is the reason that people say if/when asked?

 

...because honestly, for myself, the only "real" reason i want CLI is "to lower my util", but I dont know if stating that as a reason to an analyst/underwriter is the best thing.

 

Established Contributor
sccredit
Posts: 771
Registered: ‎09-14-2012

Re: Stated reason for CLI request?

Most will ask.  I go with the truth.  

 

With Discover: Travel = Denied

Chase Freedom: I wanted my limit to match my others = Success

Cap One Spark Miles: Increse buying power = Success

 

I havent really asked for any others.  I've never been asked with a luv button

Mortgage $296k/$310k
Autos Loans $29k
Unsecured Lines $157.2k

Discover FICO 757
DCU FICO 744

Senior Contributor
john398
Posts: 3,513
Registered: ‎01-19-2009

Re: Stated reason for CLI request?

With Discover I put so I do not go over my credit limit and was approved

Contributor
Simba501
Posts: 82
Registered: ‎06-01-2014

Re: Stated reason for CLI request?

Bump.

Valued Member
--HighHopes--
Posts: 34
Registered: ‎07-01-2014

Re: Stated reason for CLI request?

With Discover IT I told them that I was working to raise my score even higher and that having a higher limit would not only help with my score but also increase my buying power to be able to take advantage of more of the deals they have to offer and their "exceptional" bonuses that I'd like to partake more into and it worked :smileyhappy: lol

 

With Cap One I told them I would like to use their card as my daily go to since it has the no hassel 1.5% on everything all the time and that with the petty limit I currently have I just can't use the card as it is of no use to me.  The one month I did I had to pay it off 4 times before the statement even cut just to be able to continue using it.  This was today so I don't know yet if I've got it or not but the lady said if they didn't meet my request for an additional $2K they'd more than likely meet me in the middle somewhere...so we will see.

 

Generally speaking I wouldn't think telling the truth would hurt as it does show them that you are aware of credit and scoring and that you take the time to make sure you're where you should be at which to me shows responsibility of using credit and they should smile on that rather than frown, but who knows with these big CC companies what they're looking for in an answer!



Starting Score: 560
Current Score: EX:730 TU:683 EQ:676
Goal Score: 750


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MY WALLET: PB $4K, VS $850, Goody's $200, CredOne $500, CapOne QuickSilverOne $300, BOA Plat. CashBk MC $1.5K, Barclays Rewards MC $1.3K, Chase Freedom $1K, AMEX ED $1.2K, Citi Dividend $4.8K, Discover IT $2.5K
Established Contributor
Fico2Go
Posts: 641
Registered: ‎12-05-2013

Re: Stated reason for CLI request?


--HighHopes-- wrote:

With Discover IT I told them that I was working to raise my score even higher and that having a higher limit would not only help with my score but also increase my buying power to be able to take advantage of more of the deals they have to offer and their "exceptional" bonuses that I'd like to partake more into and it worked :smileyhappy: lol

 

With Cap One I told them I would like to use their card as my daily go to since it has the no hassel 1.5% on everything all the time and that with the petty limit I currently have I just can't use the card as it is of no use to me.  The one month I did I had to pay it off 4 times before the statement even cut just to be able to continue using it.  This was today so I don't know yet if I've got it or not but the lady said if they didn't meet my request for an additional $2K they'd more than likely meet me in the middle somewhere...so we will see.

 

Generally speaking I wouldn't think telling the truth would hurt as it does show them that you are aware of credit and scoring and that you take the time to make sure you're where you should be at which to me shows responsibility of using credit and they should smile on that rather than frown, but who knows with these big CC companies what they're looking for in an answer!


 

 

If I am ever in a situation to explain the need for cli my response would be that I no longer want to pay my bill more than once a month.

 

 

Discover IT $10,000 == 12/2013
AMEX PRG NPSL == 12/2013 ---> BCP $11,000 === 12/2013 ----->BC $2000? ====04/2014
CHASE SLATE $5,700 === 12/2013
BoA 123 $6000 === 12/2013
Barclay Rewards $1500 == 12/2013
Valued Member
--HighHopes--
Posts: 34
Registered: ‎07-01-2014

Re: Stated reason for CLI request?


Fico2Go wrote:

--HighHopes-- wrote:

With Discover IT I told them that I was working to raise my score even higher and that having a higher limit would not only help with my score but also increase my buying power to be able to take advantage of more of the deals they have to offer and their "exceptional" bonuses that I'd like to partake more into and it worked :smileyhappy: lol

 

With Cap One I told them I would like to use their card as my daily go to since it has the no hassel 1.5% on everything all the time and that with the petty limit I currently have I just can't use the card as it is of no use to me.  The one month I did I had to pay it off 4 times before the statement even cut just to be able to continue using it.  This was today so I don't know yet if I've got it or not but the lady said if they didn't meet my request for an additional $2K they'd more than likely meet me in the middle somewhere...so we will see.

 

Generally speaking I wouldn't think telling the truth would hurt as it does show them that you are aware of credit and scoring and that you take the time to make sure you're where you should be at which to me shows responsibility of using credit and they should smile on that rather than frown, but who knows with these big CC companies what they're looking for in an answer!


 

 

If I am ever in a situation to explain the need for cli my response would be that I no longer want to pay my bill more than once a month.

 

 


I completely agree with you!  I guess that would have been simply put:smileyhappy:  I may have overthought that one just a bit! lol



Starting Score: 560
Current Score: EX:730 TU:683 EQ:676
Goal Score: 750


Take the myFICO Fitness Challenge
IN THE GARDEN TIL JAN 2015!!
MY WALLET: PB $4K, VS $850, Goody's $200, CredOne $500, CapOne QuickSilverOne $300, BOA Plat. CashBk MC $1.5K, Barclays Rewards MC $1.3K, Chase Freedom $1K, AMEX ED $1.2K, Citi Dividend $4.8K, Discover IT $2.5K
Valued Contributor
Burned2manybridgesB4
Posts: 1,406
Registered: ‎03-15-2012

Re: Stated reason for CLI request?

If I wind up having to speak to a live person, I give the rant of "Cleaning house, and thinning out the low limit cards," then throw in the "and the APRs are also priority," as to kill two birds with one stone.


Valued Contributor
lg8302ch
Posts: 2,470
Registered: ‎11-13-2012

Re: Stated reason for CLI request?

I am also in for the truth.  For Discover I put  TRAVEL and was approved. For Cap1 I mentioned their BT offers and that I could not take it due to the limit and was doubled my CL.  For BofA I mentioned that I wanted to get their cards to the other limits and both approved.  So I think the reason does not really matter..lenders grant it when they possibly can ..Good luck!

FICO® EQ 784 (as of today) - TU 777 (07/03) * Fako EX 799 (07/02 - CS) * last app 06/01/14 * INQ last 2 yrs TU: 5, EX: 7, EQ: 7


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Established Contributor
ezdoesit
Posts: 706
Registered: ‎03-16-2013

Re: Stated reason for CLI request?

OP and everyone that responded do you guys always call in your request?  I have never called in and have always done it online.  I mean in the last ten years I have. 


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