Reply
New Contributor
Posts: 107
Registered: ‎03-13-2013
0

Threatening CC company for CLI

[ Edited ]

I have never done this or have any desire to but has anyone ever threatened to close their account unless they received a CLI or some other change?? Interested to hear some stories or if the companies called the bluff


$4000----------- $5000------------$15000-------------$3500-------------NPSL----------$2500------------$5000----------$10000--------$5000
Mega Contributor
Posts: 15,442
Registered: ‎04-09-2011
0

Re: Threatening CC company for CLI


pats23 wrote:

I have never done this or have any desire to but has anyone ever threatened to close their account unless they received a CLI or some other change?? Interested to here some stories or if the companies called the bluff


I'm interested on this one. I have 1 in mind...................




Silver Spade Garden Club Member - Last App 12/16/13 - Looking for a clean slate NO INQ's / Diamond Inspired!
Starting Score:
EX (PLUS) 583 EQ FICO 565 TU FICO 590 3/15/2011 / Goal Scores: 720
Current Score: EX FICO (PSECU) 671 (myFICO) N/A / EQ FICO 679 / TU08 FICO 678 / TU VS 706 3/6/2014
Moderator
Posts: 27,207
Registered: ‎09-13-2012
0

Re: Threatening CC company for CLI

Mega Contributor
Posts: 15,442
Registered: ‎04-09-2011
0

Re: Threatening CC company for CLI


09Lexie wrote:
@LS

cough, cough. Discover?




Silver Spade Garden Club Member - Last App 12/16/13 - Looking for a clean slate NO INQ's / Diamond Inspired!
Starting Score:
EX (PLUS) 583 EQ FICO 565 TU FICO 590 3/15/2011 / Goal Scores: 720
Current Score: EX FICO (PSECU) 671 (myFICO) N/A / EQ FICO 679 / TU08 FICO 678 / TU VS 706 3/6/2014
Regular Contributor
Posts: 369
Registered: ‎02-01-2010
0

Re: Threatening CC company for CLI


LS2982 wrote:

09Lexie wrote:
@LS

cough, cough. Discover?


LOL! I KNEW it!!!

Meg.

FICO: 03/2015 - TU 768 | EQ 783 | EX 775

FNBO 15,100 | Barclays / Sallie Mae World MC 13,000 | Lowes 10,000 | LOC 9,300 | Amex BCP 7,200 | BOA Platinum+ 6,000 | Amex SPG 5,700 | Achieva CU 5,500 | Discover IT 5,500 | Citi Simplicity 5,200 | Chase CSP 5,000 | Sam's Club 3,000 | Sears 900
Super Contributor
Posts: 5,889
Registered: ‎12-11-2011
0

Re: Threatening CC company for CLI

Been gone for a while and voila the thread I open has LS posting a clever gif. xD

 

I'm sure tons of people threaten to close their accounts to get things (like an APR reduction or a CLI) but depending on the company it might or might not help. For instance, (unless you're dealing with the EO) cap1 won't give you a CLI even if you threaten to close your account. I've heard of people threatening to close and the CSR just going "okay, lets close your account." 

 

Other companies might be more helpful, but a lot of the time it depends more on who you talk to rather than what you say. 

;
Frequent Contributor
Posts: 267
Registered: ‎06-28-2013
0

Re: Threatening CC company for CLI

I did with Cap1, I call and went directly to the cancelation dpt, I told the rep to cancel and explained my CL was not goot (500) and no rewards, he told me how he could make me a happy customer I told him I wanted rewards and a CLI of at least 1k, they denied so I cancel.




Gardening until 03/11/15 last mistake ,,, 07/05/2013

Barclay FICO 610
Regular Contributor
Posts: 369
Registered: ‎02-01-2010
0

Re: Threatening CC company for CLI


pats23 wrote:

I have never done this or have any desire to but has anyone ever threatened to close their account unless they received a CLI or some other change?? Interested to hear some stories or if the companies called the bluff


I think it's a daring move UNLESS one is prepared to close the card if denied. I'm planning to do so with my Cap One losers before the AFs hit. In their case, I would most definitely close them. Shucks, I want to close them now, but I figure I've paid my AF until November, so I'm waiting.

Meg.

FICO: 03/2015 - TU 768 | EQ 783 | EX 775

FNBO 15,100 | Barclays / Sallie Mae World MC 13,000 | Lowes 10,000 | LOC 9,300 | Amex BCP 7,200 | BOA Platinum+ 6,000 | Amex SPG 5,700 | Achieva CU 5,500 | Discover IT 5,500 | Citi Simplicity 5,200 | Chase CSP 5,000 | Sam's Club 3,000 | Sears 900
Regular Contributor
Posts: 158
Registered: ‎03-10-2012
0

Re: Threatening CC company for CLI

I have heard of people getting their annual fee waived, or reduced, but I've never heard of a CLI; I'd say its plausible for long time customers stuck at the limit they where given, especially if their credit profile has improved significantly.

 

I have a CC with a $300 limit (don't laugh). I have received two invitations for CLI, but this bank/lender charges a fee, I can't remember how much but its a percentage of however much of an increase they give you - larger increase = larger fee... yes, I know ridiculousness. Once I reach some goals of mine I will be trying this with theme. I already have a couple nice USAA cards, so I'm not afraid to dropkick theme.

Valued Contributor
Posts: 1,997
Registered: ‎01-24-2012
0

Re: Threatening CC company for CLI

Depending on how much money they are making off of you, they may not care. If they are only making $100 off of you they won't try to keep you. I know you can argue that you don't spend more because the limit is low, but that won't change their mind. What is the reason for not getting an increase? Whatever the reasons are, fix them and they will give you the increase. Threatening won't cause them to throw their policies out of the window and it may get your account closed before you know it.

Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
† Credit cards for FICO Score ranges: The score ranges are guidelines based on actual applicant approvals and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.