02-07-2012 08:55 PM
When should you ask for a credit limit increase on barclays? Cabelas visa? B of a?
The general rule of thumb that I've been told by banks/CUs is a minimum of 6 months. Keep in mind most banks will do a HP for a CLI (incl Barclays for sure).
02-08-2012 07:25 AM
I don't think that there is a ever a bad time to ask for a CLI assuming that your account is in good standing.
Just look at it from the creditor's perspective and give them a reason to increase your limit.....like 6 months of positive age, or 1 year, etc.
And of course be prepared for them to hard pull your CRs, and ask you questions about other accounts, inquiries, balances, etc...
02-08-2012 07:41 AM
I have the Itunes Barclays and after 6 months they bumped me from $1k to $2k, then 6 months after that they bumped me from $2k to $4k.... I have not asked for a CLI they have just been on target every 6 months with them.
02-08-2012 07:51 AM - edited 02-08-2012 07:52 AM
02-07-2012 11:46 PM
myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.>> About myFICO