what do u want? new credit card or credit limit increase

[mousefai]

i just have a curious question to ask people in the group.

Let assume both require a hard pull, do you rather want a increase in limit or a brand new card?

if possible, please also state your reason.

thanks. 

[Zz_JC_zZ]

I just got 2 new cards. So I would prefer the CLI on my current. I am planning on gardening for a year to let my cards age before I look for anything new

[wHiTeSoL]

Well i guess it depends on what I have vs what card I want. 

If it's a card on my list - CSP, BCE, United Club, then i'll take the new card, otherwise I'll take a CLI.

[dta]

If the CLI difference and new card CL are the same, and the new card offered nothing worthwhile, I'd say a CLI, since it should only positively affect my score, whereas a new card would affect AAoA.

[mousefai]

"I'd say a CLI, since it should only positively affect my score, whereas a new card would affect AAoA."

NICE point u make there, i wll take it a consideration. ...

[longtimelurker]

If the new card has a sign up bonus, then that is a good use of an HP.   The financial value of a CLI is hard to measure, but probably "very small".  

[09Lexie]

Agreeing with longtimelurker. Sign up bonus, yes new cc. No sign up bonus and no rewards, CLI

[eddie84]

I already have a bunch of cards.  Don't need anymore to look after.  CLI for me please...

[mikey78]

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@eddie84 wrote:

I already have a bunch of cards.  Don't need anymore to look after.  CLI for me please...

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Yes I agree with ^ CLI for me I have enough cards and even though i did want to carry an AMEX card
it's not something I really need ATM,  and I may have too many cards to be honest
it's a hassle juggling 4 cards and seeing the balances approach 300 makes me feel quite burdensome to PIF

[longtimelurker]

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@mikey78 wrote:

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@eddie84 wrote:

I already have a bunch of cards.  Don't need anymore to look after.  CLI for me please...

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Yes I agree with ^ CLI for me I have enough cards and even though i did want to carry an AMEX card
it's not something I really need ATM,  and I may have too many cards to be honest
it's a hassle juggling 4 cards and seeing the balances approach 300 makes me feel quite burdensome to PIF

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OK, I should have added that if you have a card or cards that you want to use, but with a low CL so you are paying multiple times a month, then a CLI might be a good idea (it will save you a bit of time, so there's the value!)   But otherwise....

As for juggling:   I have about 15 cards (some of which aren't used) and it's not a hassle.   You set auto-pay to PIF on due date, and then adjust for utilization if you want.  

Some here have many more cards and do detailed tracking in a way *I* would call OCD but they probably refer to as sound financial management!