topic Re: Saks CLI in Credit Card Approvals

Saks CLI

ohreally7654 — Fri, 13 May 2016 14:31:47 GMT

I've had my Saks card exactly 30 days today--called and requested a CLI to $2k (currently at $750). Approved after about a 15 minute call! They did a SP, not sure which bureau, I'm assuming EQ since that's what they pulled at approval. I could probably have requested more, but I'm treading a bit lightly with them for the next few months. I had Saks WEMC for several years and had to close it a few years back when I entered into a debt management program. The Saks store line went 60 days late and the MC ended up charging off (my only charge off--the debt management company failed to properly apply the payments--soon after, I ditched them and just made all payments myself!).

Anyway, Cap One actually deleted the C/O from my reports (it was the only C/O on my reports) once I paid off the debt. I had tried two other times to get the card back--denied both times. Finally got back in with them last month! I will wait a few more months and then try to upgrade to the MC. Really happy with the progress I'm finally able to make, both with re-establishing old credit relationships and establishing new ones. MANY MANY thanks to all on this forum who have been contributors to that success. I could not have done it w/o this board!!!

Re: Saks CLI

DoroLucky — Fri, 13 May 2016 15:28:27 GMT

Congrats. I got a CLI before my card arrived and was told you can get one every 30 days if eligible. I'm about to call them now LOL

Re: Saks CLI

B335is — Fri, 13 May 2016 16:14:10 GMT

Congrats!!

Re: Saks CLI

ohreally7654 — Fri, 13 May 2016 17:29:01 GMT

@DoroLucky wrote:
Congrats. I got a CLI before my card arrived and was told you can get one every 30 days if eligible. I'm about to call them now LOL

LOL! Let us know how it works out!

And thank you for the tip, I will definitely call them back again next month! I love that Cap One has taken over this card. Back in the day, when I first got it, I think it was 2003, HSBC issued the card, and they would only do CLIs by request with a HP. I only got one from them, from $2K to $2.5K (it's funny because back then my credit was flawless, 750 midscore). I ended up getting the upgrade to the WEMC about a year later, SL of $5500 and there it stayed. Cap One is so much more generous with their CLIs and they are SP, to boot!

Re: Saks CLI

ohreally7654 — Fri, 13 May 2016 17:29:25 GMT

@B335is wrote:
Congrats!!

@Thank you, @B335is!!

Re: Saks CLI

DoroLucky — Fri, 13 May 2016 17:36:22 GMT

@ohreally7654 wrote:
@DoroLucky wrote:
Congrats. I got a CLI before my card arrived and was told you can get one every 30 days if eligible. I'm about to call them now LOL
LOL! Let us know how it works out!

I asked and they gave me the BIG fat middle finger. I was mad but I'm over it now, I think. For christ sake I've only opened the acct since 3-16-16 and got an increase a few days later. I will chill and show usage for a couple of months then ask again

Re: Saks CLI

ohreally7654 — Fri, 13 May 2016 17:51:20 GMT

@DoroLucky wrote:
@ohreally7654 wrote:
@DoroLucky wrote:
Congrats. I got a CLI before my card arrived and was told you can get one every 30 days if eligible. I'm about to call them now LOL
LOL! Let us know how it works out!

I asked and they gave me the BIG fat middle finger. I was mad but I'm over it now, I think. For christ sake I've only opened the acct since 3-16-16 and got an increase a few days later. I will chill and show usage for a couple of months then ask again

Oh I'm sorry!! I was rootin' for ya!! The good thing is that it's a SP, at least, but I'm with you, I'm sure I would have been irritated, too!

What is your current CL if you don't mind me asking? And is it the store card or the MC that you have right now? I really want to try for the upgrade right now, but I'm afraid my EQ is a bit low for them to approve me. I really wish they'd pull EX--I feel like my chances would be so much better!

Re: Saks CLI

DoroLucky — Fri, 13 May 2016 18:07:06 GMT

@ohreally7654 wrote:
Oh I'm sorry!! I was rootin' for ya!! The good thing is that it's a SP, at least, but I'm with you, I'm sure I would have been irritated, too!

What is your current CL if you don't mind me asking? And is it the store card or the MC that you have right now? I really want to try for the upgrade right now, but I'm afraid my EQ is a bit low for them to approve me. I really wish they'd pull EX--I feel like my chances would be so much better!

THANKS! I mean they're right to deny me...new account, little usage LOL.

My limit is $3000, originally approved for $1500. I have the store card. Will try for the MC upgrade next year or so. Do not want any INQ's for the next year or so. I'm sure it's too soon but their letter doesn't say WHY the denial....this is my second time asking for a CLI, I asked the week before

Re: Saks CLI

Anonymous — Fri, 13 May 2016 18:22:50 GMT

congrats!

Re: Saks CLI

alextercero — Fri, 13 May 2016 20:26:36 GMT

Congrats

Re: Saks CLI

ohreally7654 — Fri, 13 May 2016 20:33:06 GMT

@DoroLucky wrote:
@ohreally7654 wrote:
Oh I'm sorry!! I was rootin' for ya!! The good thing is that it's a SP, at least, but I'm with you, I'm sure I would have been irritated, too!

What is your current CL if you don't mind me asking? And is it the store card or the MC that you have right now? I really want to try for the upgrade right now, but I'm afraid my EQ is a bit low for them to approve me. I really wish they'd pull EX--I feel like my chances would be so much better!
THANKS! I mean they're right to deny me...new account, little usage LOL.

My limit is $3000, originally approved for $1500. I have the store card. Will try for the MC upgrade next year or so. Do not want any INQ's for the next year or so. I'm sure it's too soon but their letter doesn't say WHY the denial....this is my second time asking for a CLI, I asked the week before

LOL! I will tell you what, though, I've given up trying to figure out Cap One Private Label underwriting! I know that every store is different, but, for example, I got a Lord & Taylor card back in December. Used it once, PIF, then asked for a CLI--they would only take me from $500- $750. This was just a few weeks ago. My Saks card, however, not yet used, took me from $750-$2k with a history of 2 lates on my old Saks account. Report hasn't changed at all in the last few weeks. Head-scratcher for sure!

I think you have a good plan in place though, I think if you use it a bit more and ask again, you should see another increase, especially with your scores! Good luck!!

Re: Saks CLI

ohreally7654 — Fri, 13 May 2016 20:33:43 GMT

Thank you, @East2West and @alextercero!!

Re: Saks CLI

RonM21 — Fri, 13 May 2016 23:05:44 GMT

Congrats OP