Reply
Frequent Contributor
LionLaw
Posts: 258
Registered: ‎06-10-2012
0

Woohoo! Wells Fargo auto CLI!

I just logged in to my WF online account, and I saw that the CL on my Visa has been bumped from $3000 to $4200!  I'm not exactly sure why it happened.  Here are all the relevant facts:

 

--I've had the account since December 2011, and I tend to run $2000-$2500 through it every month; prior to this past month, I have PIF every month.

--I inquired about a CLI in July, but the rep at my local branch, after looking into it, said that accounts as young as mine aren't eligible for customer-requested CLIs.

--Later in July, I opened up a Citi Card and an Amex (backdated to 2006), and got my Discover CL up from $500 to $1000.

--This past month was the first time I didn't PIF (I took a vacation in August after the bar exam), so I've carried a balance of just under $2000 for 30 days (at my intro rate of 0%, of course).

--in the 2 months since opening my Amex, that's been getting the majority of my day-to-day charges instead of my WF card.

--The only negative marks on my CR are late payments on my Student Loans, and those lates just turned 1 year old as of August (on EX)/September (on EQ &TU)

 

It's an interesting confluence of factors.  I obviously don't know exactly why I am getting this CLI now, but my credit profile has improved a lot in the past 60 days, so I must be doing something right.


Starting Score: 617 (EQ 6/10/12)
Current Score (8/28/13): EQ: 691 EX: 706 TU: 700
Goal Score: 700

Discover it $4,500 (02/2001); Amex PRG (Backdated to 01/2006); Amex ZYNC (Backdated to 07/2006); Wells Fargo Cash Back Visa $5,500 (12/2011); Citi Diamond Preferred MC $2,000 (07/2012); B of A Cash Rewards Visa Signature $5,000 (02/2013)

Mega Contributor
LS2982
Posts: 15,436
Registered: ‎04-09-2011
0

Re: Woohoo! Wells Fargo auto CLI!


LionLaw wrote:

I just logged in to my WF online account, and I saw that the CL on my Visa has been bumped from $3000 to $4200!  I'm not exactly sure why it happened.  Here are all the relevant facts:

 

--I've had the account since December 2011, and I tend to run $2000-$2500 through it every month; prior to this past month, I have PIF every month.

--I inquired about a CLI in July, but the rep at my local branch, after looking into it, said that accounts as young as mine aren't eligible for customer-requested CLIs.

--Later in July, I opened up a Citi Card and an Amex (backdated to 2006), and got my Discover CL up from $500 to $1000.

--This past month was the first time I didn't PIF (I took a vacation in August after the bar exam), so I've carried a balance of just under $2000 for 30 days (at my intro rate of 0%, of course).

--in the 2 months since opening my Amex, that's been getting the majority of my day-to-day charges instead of my WF card.

--The only negative marks on my CR are late payments on my Student Loans, and those lates just turned 1 year old as of August (on EX)/September (on EQ &TU)

 

It's an interesting confluence of factors.  I obviously don't know exactly why I am getting this CLI now, but my credit profile has improved a lot in the past 60 days, so I must be doing something right.


CONGRATS!!

 

They are more than likely trying to stay competitive and want you to spend more on their card than the other new prime cards you obtained. Some creditors will do that in hopes you SD the others.

 




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
Established Contributor
Cadillac-XTS
Posts: 1,837
Registered: ‎08-20-2012
0

Re: Woohoo! Wells Fargo auto CLI!

Congrats


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
FICO Score - The Score that matters
Click to Verify - This site chose VeriSign SSL for secure e-commerce and confidential communications.
Fair Isaac Corporation is a BBB Accredited Financial Service in San Rafael, CA
FOLLOW US Social Media Facebook Twitter Pinterest Google+
}