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Target CLI Theory May Have some Truth

Established Contributor

Target CLI Theory May Have some Truth

It looks like they are relaxing with balances carried. This makes the 2nd month in a row, a small balance reported and each time the statement shows a CLI on DH card. This here is interesting...

Fico 8 starting scores 09/27/15 EQ: 646 TU: 622 EX: 668 5 collections 1 PR reporting across the board
Scores 06/30/16 EQ: 685 TU: 699 EX: 695 1 collection now reporting on EQ and EX and 1 PR on EQ
Current scores 11/4/2016 EQ 688 TU: 705 EX: 736 No collections no PR/Judgements Finally Clean
Message 1 of 18
17 REPLIES
Contributor

Re: Target CLI Theory May Have some Truth

I had a small balance report last month and no CLI. I did not update my income that month though, so that likely was the reason. My statement closes on the 5th, and I have $325 on my card and I updated my income. Will see if they give a CLI.

Message 2 of 18
Valued Contributor

Re: Target CLI Theory May Have some Truth

I got my RedCard in February and have carried a balance for months. Was at 85% util the last time when it went from $800 to $1300. 

 

I think accounts in good standing are now on a consistent increase schedule regardless of spend / balances.  Now, the amount of increase and time between increases may depend on those things, I'm not sure. 

 

My SL was $300 in February. In June I went to $800 and in September I went to $1300

11/2017: EX 704 | TU 720 | EQ 672 -- Starting (2/2016): 630 | 620 | 580 -- INQs: 17 | 26 | 28 (last 6 months: 5 | 2 | 6)
AMEX Delta: $10k, Marvel: $8k, Discover IT: $7.2k, AMEX BCE: $6k, Target MC: $5k, PayPal 2%: $8k, CO QS: $2.6k, Merrick: $1.6k, Barclay's NFL Rewards: $1k, CO BuyPower: $500. And a mix of well-loved store cards.
Message 3 of 18
Established Contributor

Re: Target CLI Theory May Have some Truth

Good Luck, how long have you had the card?

Fico 8 starting scores 09/27/15 EQ: 646 TU: 622 EX: 668 5 collections 1 PR reporting across the board
Scores 06/30/16 EQ: 685 TU: 699 EX: 695 1 collection now reporting on EQ and EX and 1 PR on EQ
Current scores 11/4/2016 EQ 688 TU: 705 EX: 736 No collections no PR/Judgements Finally Clean
Message 4 of 18
Established Contributor

Re: Target CLI Theory May Have some Truth

That was the schedule for the first 3 CLIs when the card was in it's first year. Same pattern as yours. DHs card is right at a year and a half now. Your increases look like a lot more than his were, but usually we PIF each month. I was testing on letting the balance post and report at the time the statement cut. So far two CLIs have come out of it. Ultimately it's his lowest card now and had been for so long now sitting at $1.7k  outside of a gas card at $1.5k. Target Bank/TD Bank have always been rather conservativ IMO.

Fico 8 starting scores 09/27/15 EQ: 646 TU: 622 EX: 668 5 collections 1 PR reporting across the board
Scores 06/30/16 EQ: 685 TU: 699 EX: 695 1 collection now reporting on EQ and EX and 1 PR on EQ
Current scores 11/4/2016 EQ 688 TU: 705 EX: 736 No collections no PR/Judgements Finally Clean
Message 5 of 18
Moderator

Re: Target CLI Theory May Have some Truth

Better served in CCs Moving
"If there's a lack of money in your life, understand that feeling worried, envious, jealous, disappointed, discouraged, doubtful or fearful about money can never bring more money to you, because those feelings come from a lack of gratitude for the money you have."

"Reactions are powerful creators because they contain every element needed to manifest—they're a combination of thought, belief, and feeling in action. Positive reactions create more positive things, and negative reactions create more negative things. If you can respond to negative situations calmly and lightly, instead of with emotional turbulence, what happens next in your life will be so much better."

- Rhonda Byrne
Message 6 of 18
Regular Contributor

Re: Target CLI Theory May Have some Truth

My starting CL was 300 in February. My 9th statement cut today and I got an increase to 800. I normally PIF before the statement cuts, but let the balance report this time. Who knows which factor resulted in the increase.
BK CH7 Discharged 03/2015
FICO8 EQ-657 TU-657 EX-665
Revolving credit lines 125k.
Message 7 of 18
Established Contributor

Re: Target CLI Theory May Have some Truth

I let my balances post from now on.  When I got a CLI in October from $300 to $800, I let $96 post.  Right now, I am at $270 and I updated my income this month.  My statement cuts tomorrow, so we'll see.  I saved about $50 while shopping on Sunday using my card and Cartwheel, so I will definitely be showing my face there more often.

 

I think they have some computer logarithm they use to grant CLIs.  Talking to people there seems to do nothing.

04/27/10: EQ 517, TU 492, EXP 547 (mtg app) BK7 2/06, d/c 7/06
11/08/15: EQ 668, TU 707, EXP 675
Message 8 of 18
Valued Contributor

Re: Target CLI Theory May Have some Truth

I just got another CLI with like 90% util. It's been every 3 months for me, consistently, regardless of usage and balances and utilization.

11/2017: EX 704 | TU 720 | EQ 672 -- Starting (2/2016): 630 | 620 | 580 -- INQs: 17 | 26 | 28 (last 6 months: 5 | 2 | 6)
AMEX Delta: $10k, Marvel: $8k, Discover IT: $7.2k, AMEX BCE: $6k, Target MC: $5k, PayPal 2%: $8k, CO QS: $2.6k, Merrick: $1.6k, Barclay's NFL Rewards: $1k, CO BuyPower: $500. And a mix of well-loved store cards.
Message 9 of 18
Valued Contributor

Re: Target CLI Theory May Have some Truth

I like 50 bucks report of my target every month on purpose
Open one, close three. Open one, close three.
Message 10 of 18