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I feel like I have said this before! lol Crossed over the 1 year mark, which they have been telling me was when I would be eligible for CLI.
Letter states:
1.Recent account payment history does not warrant your request.
2. Your account credit line is at the maximum amount you qualify for and are allowed by issuer policy
Well I don't get 1 at all, current CL is $1300 and I have put over 12k through the account in the last 10 months ending Dec. (I actually went online and got the summary of the year), I pay in full and usually pay multiple times a month so it doesn't report high util to credit.
I'll update tomorrow after I speak to underwriter.
I am sorry to hear that. I think what ever it takes, you should go after nfcu and establish your self with them. They seem to be very generous and liberal. Push your relation with them.
Just a quick thought too, check who underwrites your card. Do you have another card underwritten by the same company? For example, I have 2 cards underwritten by FIA Card services. They look at both cards when I talk to them about anything...
@Karatz wrote:Just a quick thought too, check who underwrites your card. Do you have another card underwritten by the same company? For example, I have 2 cards underwritten by FIA Card services. They look at both cards when I talk to them about anything...
It use to be underwritten by USBank... I'm told now though they do it themselves... Toyota National Bank
@Creditaddict wrote:I feel like I have said this before! lol Crossed over the 1 year mark, which they have been telling me was when I would be eligible for CLI.
Letter states:
1.Recent account payment history does not warrant your request.
2. Your account credit line is at the maximum amount you qualify for and are allowed by issuer policy
Well I don't get 1 at all, current CL is $1300 and I have put over 12k through the account in the last 10 months ending Dec. (I actually went online and got the summary of the year), I pay in full and usually pay multiple times a month so it doesn't report high util to credit.
I'll update tomorrow after I speak to underwriter.
I wonder if #1 means that your average monthly spending is less than your credit line, at $1200/month, and that your practice of paying it off several times per month keeps your current credit line available for use. Hence, a CLI isn't necessary. Not that I'm suggesting that you spend more money for the sake of getting a credit line increase, but I'm just wondering if your average monthly spending was more than your current credit line if you'd have gotten that reason?
Spoke with a fairly nice women this morning who told me that I had 2 months of interest charges... I explained that I always pay it off, the second payment just came a week after due date. She said this account has to be paid in full with no interest being charged each month for 12 months before it would be considered for a CLI.
I said I don't understand, this is a credit card not a charge card. She simply said this card program for the Toyota requires PIF.
SOCK DRAWER for a bit now!
I would have had to ask does anyone ever get CLI. Most people are not like the people on this board and do revolve a balance from time to time. You would think as a bank they would like to make little more money from the interest.
@Creditaddict wrote:Spoke with a fairly nice women this morning who told me that I had 2 months of interest charges... I explained that I always pay it off, the second payment just came a week after due date. She said this account has to be paid in full with no interest being charged each month for 12 months before it would be considered for a CLI.
I said I don't understand, this is a credit card not a charge card. She simply said this card program for the Toyota requires PIF.
SOCK DRAWER for a bit now!
Is it a net 30 card? I thought it is a revloving card. Why it has to be paid in full?
@crosbyk1 wrote:I would have had to ask does anyone ever get CLI. Most people are not like the people on this board and do revolve a balance from time to time. You would think as a bank they would like to make little more money from the interest.
They make enough from merchants and those who mismanage their card to not rely on interest from cardholders.
It is a revolving card and if they want to treat it like a charge card they should say so... then I would have.