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Established Contributor
Posts: 689
Registered: ‎12-01-2011
0

Do CLI cause a score bump?

Expecting a cap1 secured in the mail anyway now. If I deposit $200 to make the limit $400 will that cause a score bump? Just wasn't sure if CLI cause bumps if they're not super big CLI...?
Moderator
Posts: 22,406
Registered: ‎01-17-2008
0

Re: Do CLI cause a score bump?

No, CLI aren't scored.  A CLI could cause your overall utilization to go down which would give you a bump.

Moderator Emeritus
Posts: 32,869
Registered: ‎08-04-2007
0

Re: Do CLI cause a score bump?

Ditto. Per FICO a person with $500 in combined CLs has an equal chance as someone with $50,000 in combined CLs. It's how you use the card(s) that count. Now some FAKO scores do care, but FICO doesn't. 

Regular Contributor
Posts: 131
Registered: ‎05-13-2011
0

Re: Do CLI cause a score bump?

i had the cap1 secured card for exactly 2 years and every time i made the cl go up so did my score it never reported as secured and looked like a regular card(1500). but because of the cap1 card chase gave me a 1000 cl which is good coming from the bottom so i closed the account out due to the high apr/ not unsecuring after 2 years/ annual fee and the fact it was my rebuilder card. when i closed the account i had a balance and the applied my security deposit to it and sent me a check for the rest .




Starting Score: 5/30/13 TU 630; EQ618: EX PLUS639
Current Score: 7/02/13 TU 643; EQ 651; EX PLUS 665; EX FICO 613
Goal Score: 700






Moderator
Posts: 22,406
Registered: ‎01-17-2008
0

Re: Do CLI cause a score bump?

FICO doesn't score CLI.  If you had balances your utilization dropped and your score went up.

Frequent Contributor
Posts: 486
Registered: ‎02-14-2013
0

Re: Do CLI cause a score bump?


guiness56 wrote:

FICO doesn't score CLI.  If you had balances your utilization dropped and your score went up.


AHHH now i get it

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