Valued Contributor
Posts: 2,066
Registered: ‎06-16-2012
Re: Tested my GE Holiday theory with Lowe's CLI!

AaroninOakland wrote:

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)

Cards: (Chase x8) (Citi x6) (Amex x6) (BofA x3) (US Bank x3) (Barclays x4) (WF x2) (Cap1 x4) (Synch x4) (Penfed x2) (Macys Amex, Discover, USAA, Fidelity, NASA x1), PLOC: Citi (18k) WF (10k), Personal Loan: USAA (25K), Auto Loans: Ally, Audi Financial.