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Regular Contributor
xerostatus
Posts: 208
Registered: ‎05-09-2013
0

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.

 

Valued Contributor
sccredit
Posts: 1,119
Registered: ‎09-14-2012
0

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

Never take credit personally

Amex BCP $24,900; Chase Sapphire Preferred $24,200; Discover It $12,500; Chase Ink Cash $15,000; Chase Slate $13,500; Citi TYP $12,900; Amex SPG Biz $3,000; DCU Visa $10,000; Logix FCU $15,000; Citi Home Depot $8,800; Lowes $8,000; Care Credit $6,000; Penfed Platinum Sig $16,000; Barclay Arrival Plus WEMC $15,000; US Bank PLOC Overdraft $1,500; US Bank Perks+ Visa Signature $8,600; US Bank Edge Rewards Business $10,000; PenFed PLOC $5,000

Senior Contributor
john398
Posts: 3,526
Registered: ‎01-19-2009
0

Re: Stated reason for CLI request?

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

Regular Contributor
Simba501
Posts: 210
Registered: ‎06-01-2014
0

Re: Stated reason for CLI request?

Bump.

Regular Contributor
--HighHopes--
Posts: 144
Registered: ‎07-01-2014
0

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!




Established Contributor
Fico2Go
Posts: 862
Registered: ‎12-05-2013
0

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 $12,500 == 12/2013
AMEX PRG NPSL == 12/2013 ---> BCP $11,000 === 12/2013 ----->BC $8000 ====04/2014
CHASE SLATE $5,700 === 12/2013
BoA 123 $6000 === 12/2013
Barclay Rewards $1500 == 12/2013
Regular Contributor
--HighHopes--
Posts: 144
Registered: ‎07-01-2014
0

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




Valued Contributor
Burned2manybridgesB4
Posts: 2,308
Registered: ‎03-15-2012
0

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.

RIP: AxHH (11-25-14)

Senior Contributor
lg8302ch
Posts: 3,136
Registered: ‎11-13-2012
0

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 795 (as of today) - TU 778 (11/28) * Fako EX 811 (12/02 - CS) * last app 12/16/14 * INQ last 2 yrs TU: 4, EX: 5, EQ: 3


Move the mouse over the cards for detailed view!..................................................................* Seedling Garden Club member *
Valued Contributor
ezdoesit
Posts: 1,055
Registered: ‎03-16-2013
0

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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