topic Re: Home Depot Approved! How should I ask for cli in Credit Card Approvals

Home Depot Approved! How should I ask for cli

dizzyskyline — Sat, 19 May 2018 02:13:52 GMT

Went to HD to buy some Ryobi tools. Applied with the cashier while checking out and approved for $5000 sl.

I keep hearing about these limits of 35 K. Should I call a phone # to ask for a cli now, wait til I get the card? I"m shooting for the 35k!!! My Fico is about 706

Re: Home Depot Approved! How should I ask for cli

Meanmchine — Sat, 19 May 2018 02:30:27 GMT

Its Lowes that gives the $35k limits

Re: Home Depot Approved! How should I ask for cli

fltireguy — Sat, 19 May 2018 13:28:08 GMT

Use the card.. and after 6 months request a CLI to $30k. If they won't go that high, they will counter. I went from $1k->$20k after 6 months.

There are a bunch of people on here with $30k cl

Re: Home Depot Approved! How should I ask for cli

AverageJoesCredit — Sat, 19 May 2018 13:59:01 GMT

HD will be another hp. 5k is outstanding for sl. The 35k you hear about is on the Lowrs credit card by Synchrony. Citibank is more stringent on cli

Re: Home Depot Approved! How should I ask for cli

dizzyskyline — Sat, 19 May 2018 14:28:43 GMT

Did you call for the cli request or was it through the website?

Re: Home Depot Approved! How should I ask for cli

Jnbmom — Sat, 19 May 2018 16:30:51 GMT

5K is a pretty good SL. Congrsts. Your CL will grow in time and as another poster said it will be a HP.

Re: Home Depot Approved! How should I ask for cli

pipeguy — Sat, 19 May 2018 20:27:38 GMT

@dizzyskyline wrote:
Went to HD to buy some Ryobi tools. Applied with the cashier while checking out and approved for $5000 sl.

I keep hearing about these limits of 35 K. Should I call a phone # to ask for a cli now, wait til I get the card? I"m shooting for the 35k!!! My Fico is about 706

My HD limit is $25k, Lowes $35k (DW has $25k Lowes plus a $20k HD) - these occurred over a couple of years (maybe more). Frankly, a $5k starting limit for HD is pretty good especially with a 706 credit score (good but not great) - you could call or use the online portal for a CLI right away - with Citi it is usually another HP - and they might bump you up some if you explain you have some major projects planned, but you won't go to $35k just like that.

These cards, HD and Lowes are especially good for 0% 6-month financing or low 3.99% to 7.99% long-term major purchase or project financing. They are NOT good for carrying a balance as the everyday purchase APR interest is very high at 27% +/-. Large limits allow for special projects such as a new roof at $10,000 with 84 months at 2.95% (which I did and paid off in just over a year). Just be sure to pay in full every month HD/Lowes everyday spending and save your high limits for "utility" room for special projects. I recently had new flooring installed at just over $4k and used 6 months 0%, I also replaced several kitchen appliances at just under $2k and took the 5% discount for a standard purchase because I knew I was going to pay in full right away.

Congrats on your approval!

Re: Home Depot Approved! How should I ask for cli

Anonymous — Sat, 19 May 2018 21:12:46 GMT

Congrats on Approval and nice SL

Re: Home Depot Approved! How should I ask for cli

dizzyskyline — Sat, 19 May 2018 22:53:09 GMT

Great reply/info.... thank you!