Re: Tested my GE Holiday theory with Lowe's CLI!
11-17-2012 02:27 PM
Good theory -- automatic increases may have a more lenient strategy considering the volume of business conducted; however, the underwriting criteria is the same. :-) It would be unfair lending to approve differently simply because of the holidays. Remember -- most increases are going to be approved or declined on the basis of the amount requested, usually 1.5 x to 2 x the current credit limit are not going to have much of a pushback. That is, of course, considering no recent or current delinquency good utilization, and fairly solid recent history on all unsecured and revolving lines.
very true....when i requested an increase with the Chev/Tex gas card, i always carried a balance close to the limit every month (had the card for 7 months now) but that was because i used once a week and every time it was almost 100 to fill the thank (have a 400 limit). So maybe now since i stopped using it and PIF im debating if that will improve my chances this time around (plus it is the holidays...lol)
EX Plus 728 EQ Fico 707 TU Fico 712 (05/13)
In the garden.