Moderator Emeritus
Posts: 32,865
Registered: ‎08-04-2007
Re: CLI: is it really advantageous?

brother7 wrote:

The bleeps totally messed up my original post.


To repeat, for the past 5-6 years I've been very good managing my credit cards. My utilization is <10%, both overall and per-card. Most times, util is 1-2%.


My oldest card is 14 yrs old with a $5000 CL. A long time ago, I went over the CL so the high balance on my CR is $5200 for this card. Would it be advantagous to ask for a CLI for this card such that CL > high balance? Will a CLI increase my credit score due to the fact that my high balance is now below my CL?

There was a glitch last night...


No, it wouldn't be advantagous. FICO is ignoring the high balance where a CL is listed. Lenders are ignoring it too. In the age of CLDs for non-use, changes in creditor standards, etc., it's not uncommon to see a high balance above the CL. Now if you want to ask for a CLI for the sake of a CLI, then that's OK. Just watch for any inquiry.