I know these questions are thrown out from time to time so I decided to take part. I am wanting to see about getting a CLI on my Cap 1 credit cards (currently have 2... $750 CL on Rewards CC and $1, 000 CL on Platinum CC. Accounts 2 years old and 6 years old reapectively with no balance once payments report.
My credit scores are all around 615 and I have a couple CO accounts from 2008. I have been perfect on payments since then.
My CC utilization is currently 82% but will be lowered to 45% in 2 weeks. in 2 weeks i will have 4 CCs showing 0 balance and my AMEX showing $3, 450 balance (CL of 5g so 69% on that card).
Questions...first, how much of a bump in score would you guess? I know it is impossible to know for sure, so guesses are fine.
Second, what do you think the chance of getting a PC from my Platinum Cap 1 to Quicksilver CC along with a CL bump would be?
My goal would be to get both Cap 1 CCs to be $2, 500 each at least and then my WF CC from $1, 000 CL to $2, 500 too. I think all soft pulls they will be
Thanks for being patient during my rambling post.
My credit scores are all around 615 and I have a couple CO accounts from 2008. I have been perfect on payments since then.
My CC utilization is currently 82% but will be lowered to 45% in 2 weeks. in 2 weeks i will have 4 CCs showing 0 balance and my AMEX showing $3, 450 balance (CL of 5g so 69% on that card).
Questions...first, how much of a bump in score would you guess? I know it is impossible to know for sure, so guesses are fine.
Second, what do you think the chance of getting a PC from my Platinum Cap 1 to Quicksilver CC along with a CL bump would be?
My goal would be to get both Cap 1 CCs to be $2, 500 each at least and then my WF CC from $1, 000 CL to $2, 500 too. I think all soft pulls they will be
Thanks for being patient during my rambling post.
Starting Score: 583 EQ, 612 EX, 569 TU
Let me get out the crystal ball.....
Ooops, I dropped it. No guess.
Hard to guess, since not every person's credit file is exactly the same; type of accounts, type of baddies, number of lates, established AAOA,etc..etc..etc...
Once your COs are history, and your reported utilization is under 10%, then you'll be in a "perfect storm," as to ask for CLIs, and not be refused.
Chances are, if you ask cap right now, you'll get a hundred or so, if you're lucky. PCs don't always mean CLIs to follow.
@John060675 wrote:
I know these questions are thrown out from time to time so I decided to take part. I am wanting to see about getting a CLI on my Cap 1 credit cards (currently have 2... $750 CL on Rewards CC and $1, 000 CL on Platinum CC. Accounts 2 years old and 6 years old reapectively with no balance once payments report.
My credit scores are all around 615 and I have a couple CO accounts from 2008. I have been perfect on payments since then.
My CC utilization is currently 82% but will be lowered to 45% in 2 weeks. in 2 weeks i will have 4 CCs showing 0 balance and my AMEX showing $3, 450 balance (CL of 5g so 69% on that card).
Questions...first, how much of a bump in score would you guess? I know it is impossible to know for sure, so guesses are fine.
Second, what do you think the chance of getting a PC from my Platinum Cap 1 to Quicksilver CC along with a CL bump would be?
My goal would be to get both Cap 1 CCs to be $2, 500 each at least and then my WF CC from $1, 000 CL to $2, 500 too. I think all soft pulls they will be
Thanks for being patient during my rambling post.
It is hard to guess but with a util that high getting it lowered will be a vast improvement. Good luck on those CLI requests.
Yeah, I know it is almost impossible to tell for sure, which is why I asked for best guesses. I suppose I was hoping someone was in the same boat as me and could share their experience. Heck, at worst I was going to see how close people would come.
My guess is that my score will only rise 12 to 15 points, and even that might be generous. Oh well, I will find out around December 25th when all of my CC report. Hopefully it will be a Merry Christmas and a CLI for every CC!
Thank you.
I would say to hope for a 5pt increase and be happy if it is more 
haha! If you hope for 15 points and only get 5 you will be mre upset. Good luck and keep us posted!
Yes, that is my exact thought.
I suppose I should have asked my question a little differently. Of course I was curious on the bump in score, but I suppose I was more interested in how much of a CLI to ask for with the CLs that I listed above. I have read on here that people say ask for more. Does this mean to ask for $10,000 and then they will come back with a lower number? I just do not want them to laugh and just shoot me down immediately.
Thanks
Just an initial update, one of my Cap 1 CC accounts reported paid off. It was "maxed out" at 96% of the CL, and I PIF. This lowered my total CC utilization from 82% to 74%.
I saw a bump in score on EQ from 583 to 603. That was a great start. I cannot wait to see how the score keeps rising (hopefully) as my utilization goes down.
I had so much fun seeing this bump in score that I plan on paying down my CC accounts even more to show a total of 18% utilization with 4 CC accounts showing $0 balance and one showing 29% utilization.
Who knew paying bills could be so much fun?