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pats23
Posts: 106
Registered: ‎03-13-2013

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


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LS2982
Posts: 15,434
Registered: ‎04-09-2011

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...................




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09Lexie
Posts: 24,410
Registered: ‎09-13-2012

Re: Threatening CC company for CLI

Mega Contributor
LS2982
Posts: 15,434
Registered: ‎04-09-2011

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
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SpiceIslander
Posts: 326
Registered: ‎02-01-2010

Re: Threatening CC company for CLI


LS2982 wrote:

09Lexie wrote:
@LS

cough, cough. Discover?


LOL! I KNEW it!!!

Meg.

FICO: 04/2014 - TU 765 | EQ ??? | EX 768

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jsucool76
Posts: 2,770
Registered: ‎12-11-2011

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. 

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Kutuzov
Posts: 220
Registered: ‎06-28-2013

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

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Contributor
SpiceIslander
Posts: 326
Registered: ‎02-01-2010

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: 04/2014 - TU 765 | EQ ??? | EX 768

Amex BCP 12900 | Lowes 10,000 | LOC 9300 | Sallie Mae/Barclays World MC 9000 | FNBO 8900 | BOA Platinum+ 6000 | Citi Simplicity 5200 | Chase CSP 5000 | Achieva CU 4000 | Discover 4000 | Sam's Club 3000 | Sears 900
Regular Contributor
Volpes
Posts: 158
Registered: ‎03-10-2012

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
navigatethis12
Posts: 1,881
Registered: ‎01-24-2012

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.


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