Credit Card Center Advertiser Disclosure

Posts: 20
Registered: ‎07-13-2007
0 Kudos

wells Fargo cli?

Does anyone know how often can you ask cli? Is it 3 or 6 months?
New Member
Posts: 2
Registered: ‎06-08-2008
0 Kudos

Re: wells Fargo cli?

I originally got a college visa platinum from Wells Fargo back in the beginning of '06, never got a credit line increase. Finally called about it about a year ago and asked for a resonable increase from $700-$1000, and I was declined for I believe what they call a guide line increase (soft increase). Of course they didn't actually tell me that, just that's what always happens when they say you will get a letter in the mail. So I acted all depressed with the associate I was speaking with on the phone and she was nice enough to warm transfer me to a credit analyst who did a hard pull (EX), thought she had said (TU) so that was kind of sad, but she did pull the report and went over it. Mentioned the high balance on one AU card I had, but she said she would put through the increase anyway.
Anyway that seemed like a lot of hard work just to get a HUGE $300 increase, so I sockdrawed the card in favor of my new Discover at $5000. So after about six months I get a letter saying they raised it from $1000-$2000 and lowered the APR, now they bumped me to $5000, both of which I didn't even ask for. I get the idea that Wells Fargo bases their auto CLI on old reports tired to your account and thats why it took over a year to get about $700.
Valued Contributor
Posts: 2,374
Registered: ‎03-15-2007
0 Kudos

Re: wells Fargo cli?

As a general rule, I don't recommend going for CLIs more than once every six months. Most banks and CCCs will do a hard, and you don't want those piling up.

The exception would be if you had a truly significant (I mean 40 points or more) increase in FICO score generated by removing your most recent baddie. If three months ago your FICO was, say, 643 and your most recent baddie was eighteen months ago, and now your FICO score is 696 and your most recent baddie is now 3 years old, then go for it. Otherwise, resist the temptation.
- - - -
in a credit-scoring postnuclear Stone Age...

Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.

† 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 internal myFICO analysis of 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. These ranges were not provided by any card issuer.

* For complete information, see the terms and conditions on the credit card issuer’s website. Once you click apply for this card, you will be directed to the issuer’s website where you may review the terms and conditions of the card before applying. While myFICO always strives to present the most accurate information, we show a summary to help you choose a product, not the full legal terms - and before applying you should understand the full terms of products as stated by the issuer itself.

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

IMPORTANT INFORMATION: All FICO® Score products made available on 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.