topic Re: Sallie Mae - 6mos CLI in Credit Card Approvals

Sallie Mae - 6mos CLI

MJ-san — Sat, 11 Apr 2015 23:54:41 GMT

I was not holding my breath - I've had the Ring for several years with -0- CLI. I also only use that card to park stuff at the lower 8% APR so not much use.

6th statement cut ... and it went from 5k to 8k. My FICO (according to Barclay) hasn't really moved in that 6 month timeframe, but I have been using the hell out of it - all grocery, Amazon, and some gas.

I think that the more you use it the more they will open it up for you - at least based on my experience.

Re: Sallie Mae - 6mos CLI

Anonymous — Sat, 11 Apr 2015 23:56:07 GMT

No questions - ok thread closed!

Re: Sallie Mae - 6mos CLI

JSS3 — Sun, 12 Apr 2015 00:11:39 GMT

That's a nice increase! CONGRATS!

I can't wait to get my hands on Sallie.

Re: Sallie Mae - 6mos CLI

Anonymous — Sun, 12 Apr 2015 00:17:13 GMT

Congrats! No such luck here. Guess the measly $700 increase they gave me at the 4th statement is all I'll get with SM. Not taking a HP to request an increase.

Re: Sallie Mae - 6mos CLI

Anonymous — Sun, 12 Apr 2015 00:27:18 GMT

Congrats! Just got my Sallie Mae. Hoping for such luck in 6 months

Re: Sallie Mae - 6mos CLI

gdale6 — Sun, 12 Apr 2015 00:34:37 GMT

@MJ-san wrote:
I was not holding my breath - I've had the Ring for several years with -0- CLI. I also only use that card to park stuff at the lower 8% APR so not much use.

6th statement cut ... and it went from 5k to 8k. My FICO (according to Barclay) hasn't really moved in that 6 month timeframe, but I have been using the hell out of it - all grocery, Amazon, and some gas.

I think that the more you use it the more they will open it up for you - at least based on my experience.

Sweet, grats on your CLI

@Anonymous wrote:
No questions - ok thread closed!

Just because there are no questions doesnt mean that the thread gets closed. If we cannot be supportive of the OP its best to move on to another thread.

Re: Sallie Mae - 6mos CLI

MJ-san — Sun, 12 Apr 2015 01:06:34 GMT

Main reason for posting was to indicate that usage appears to play into their CLI decisionmaking process.

Re: Sallie Mae - 6mos CLI

Anonymous — Sun, 12 Apr 2015 01:09:56 GMT

@MJ-san wrote:
Main reason for posting was to indicate that usage appears to play into their CLI decisionmaking process.

How much usage (you said "the hell out of it" but with the caps that can still be fairly small). Im at 17 months without a CLI.

Re: Sallie Mae - 6mos CLI

kdm31091 — Sun, 12 Apr 2015 01:12:46 GMT

I think they like heavy usage for their CLIs, kinda similar to Discover. That said there is no set formula and there can be any random reason why they don't give you one after 6 months, 12 months, 18 months, or ever. I haven't had my Sallie 6 months yet (closing in on 5), but as my usage is not super heavy I'm not expecting an auto increase.

Re: Sallie Mae - 6mos CLI

Anonymous — Sun, 12 Apr 2015 01:20:53 GMT

@gdale6 wrote:
Just because there are no questions doesnt mean that the thread gets closed. If we cannot be supportive of the OP its best to move on to another thread.

What's the supportive part in "congrats" or "sweet"?

Re: Sallie Mae - 6mos CLI

Man-Of-Steel — Sun, 12 Apr 2015 02:33:05 GMT

@Anonymous wrote:
@MJ-san wrote:
Main reason for posting was to indicate that usage appears to play into their CLI decisionmaking process.
How much usage (you said "the hell out of it" but with the caps that can still be fairly small). Im at 17 months without a CLI.

Congrats to the OP! I would also like to know what type of usage we are talking about here. My 6th statement cut today and there was no CLI. I don't need a CLI, but I was curious to see if I'd get one, since I've heard that they sometimes happen at the 6th or 7th statement cut. I've spent approximately $1500 on this card over the course of the past 6 months. I'd be curious to know what "heavy" usage looks like for this card in a 6 month period.

Re: Sallie Mae - 6mos CLI

uswala — Sun, 12 Apr 2015 02:48:50 GMT

Congrats!

Re: Sallie Mae - 6mos CLI

Anonymous — Sun, 12 Apr 2015 02:52:03 GMT

Congrats..

Re: Sallie Mae - 6mos CLI

gdale6 — Sun, 12 Apr 2015 02:55:50 GMT

@Anonymous wrote:
@gdale6 wrote:
Just because there are no questions doesnt mean that the thread gets closed. If we cannot be supportive of the OP its best to move on to another thread.
What's the supportive part in "congrats" or "sweet"?

This forum has a multitude of people that stretch from the accomplished to being currently in BK. When a member posts that something has been achieved we should acknowledge that with a proper response and if we cannot do that then its time to move on to another thread as I have already stated. We are not here to judge a members post and if we cant be friendly, supportive and respectful in a response then again its time to move on.

http://ficoforums.myfico.com/t5/Credit-Cards/Friendly-Supportive-and-Respectful/td-p/2797115

Re: Sallie Mae - 6mos CLI

Anonymous — Sun, 12 Apr 2015 03:08:03 GMT

@MJ-san wrote:
I was not holding my breath - I've had the Ring for several years with -0- CLI. I also only use that card to park stuff at the lower 8% APR so not much use.

6th statement cut ... and it went from 5k to 8k. My FICO (according to Barclay) hasn't really moved in that 6 month timeframe, but I have been using the hell out of it - all grocery, Amazon, and some gas.

I think that the more you use it the more they will open it up for you - at least based on my experience.

Congratulations! I'll be looking forward to my 6th statement. What kind of util did you keep?

Re: Sallie Mae - 6mos CLI

Shogun — Sun, 12 Apr 2015 03:32:07 GMT

@Anonymous wrote:
No questions - ok thread closed!

SMH... Closing threads is my job.

Re: Sallie Mae - 6mos CLI

Anonymous — Sun, 12 Apr 2015 03:53:10 GMT

TY for this info... interesting.. leaving a balance versus having a card as a daily.