topic Re: Paypal 2% MC Auto CLI + LUV button = 11X increase in Credit Card Approvals

Paypal 2% MC Auto CLI + LUV button = 11X increase

jenrn123 — Sun, 14 Oct 2018 05:09:54 GMT

So, back in April I applied for Paypal 2% MC after reading through the forums expecting a decent starting spending limit and was bestowed $300 after phoning in for verification. I figured the low limit was related to opening several other accounts the previous month. My FICO scores were in the upper 600's to low 700's at the time. I waited for the LUV button to appear and when it did I began requesting a CLI monthly. This past Friday I passed the 6-month mark and received an $800 auto-CLI bringing my SL to $1100. Today, once my power was back on, (off for 2 days in NC due to Hurricane Michael) I decided to app for a CLI via the LUV button. I requested $5000 SL and they countered with $3300. 6 months and an 11X increase...not too shabby! So there is hope, with a little bit of patience, for those of you who started low. For the DP, my current FICO scores are 687 (EQ), 713 (EX), and 727 (TU). I have several other Synchrony accounts - Lowes and Amazon, which I use frequently, and both have decent SLs ($7500 and $5000). I only used the Paypal MC a limited amount d/t to the low SL and will probably not use it for more than a monthly subscription service or two.

I just want to say how much I appreciate these forums! Hope these data points will help someone else on their journey.

Re: Paypal 2% MC Auto CLI + LUV button = 11X increase

AverageJoesCredit — Sun, 14 Oct 2018 12:12:59 GMT

Thanks for sharing looks like i have months to go for any hope on increase on my $300 sl. No increase button on my homepage yet. Just coming up on my 3rd statement cut. Though it is small i find using it easier than DC as no redemption limit

Re: Paypal 2% MC Auto CLI + LUV button = 11X increase

Anonymous — Sun, 14 Oct 2018 12:42:25 GMT

@AverageJoesCredit wrote:
Thanks for sharing looks like i have months to go for any hope on increase on my $300 sl. No increase button on my homepage yet. Just coming up on my 3rd statement cut. Though it is small i find using it easier than DC as no redemption limit

And it's hard to get into insurmountable debt with it.

Re: Paypal 2% MC Auto CLI + LUV button = 11X increase

Anonymous — Sun, 14 Oct 2018 16:45:46 GMT

Cool story. Thank you for the DPs.

And Congrats! Jen on your 11X CLI.

Re: Paypal 2% MC Auto CLI + LUV button = 11X increase

jenrn123 — Sun, 14 Oct 2018 17:22:58 GMT

Thanks! That $300 CL really bothered me with all my other limits are between $1500 and $7500. Getting ready to mortgage app in about 7 months, so no new trade lines or HP CLIs for me.

Re: Paypal 2% MC Auto CLI + LUV button = 11X increase

Cred4All — Sun, 14 Oct 2018 17:43:55 GMT

Congrats on the CLI progress! @AJC - Everythings been going your way, you'll be posting that CLI next .

Re: Paypal 2% MC Auto CLI + LUV button = 11X increase

jenrn123 — Sun, 14 Oct 2018 18:18:03 GMT

I believe it took 3 months for the LUV button to appear. No harm in asking for some LUV once a month after that. I've seen reports here of CLI sooner than 6 months, but it seems in most cases the initial SL was higher. I had also just reported a modest increase in my income in anticipation of my next LUV button request ($65.5 K --> $67K). My monthly requests were made with both a zero balance and <20% balance usually after my most recent payment posted. I don't know what impact any of this had, perhaps it was just the 6-month timing. I'll probably lay off CLI requests on this acct for now, possibly waiting until mid-January. Good luck, Average Joe!

Re: Paypal 2% MC Auto CLI + LUV button = 11X increase

AverageJoesCredit — Sun, 14 Oct 2018 21:18:39 GMT

@Anonymous wrote:
@AverageJoesCredit wrote:
Thanks for sharing looks like i have months to go for any hope on increase on my $300 sl. No increase button on my homepage yet. Just coming up on my 3rd statement cut. Though it is small i find using it easier than DC as no redemption limit
And it's hard to get into insurmountable debt with it.

True Dat😀 big ups @Anonymous 😁

Re: Paypal 2% MC Auto CLI + LUV button = 11X increase

AverageJoesCredit — Sun, 14 Oct 2018 21:21:34 GMT

@Cred4All wrote:
@Congrats on the CLI progress! @Anonymous - Everythings been going your way, you'll be posting that CLI next .

Lol thanks @Cred4All today was the first day since ive started rebuilding 3 years sgo that i felt i made it. Some awesome Amex news made my day, will post over in Personsl Finance later

Re: Paypal 2% MC Auto CLI + LUV button = 11X increase

AverageJoesCredit — Sun, 14 Oct 2018 21:23:38 GMT

@jenrn123 wrote:
I believe it took 3 months for the LUV button to appear. No harm in asking for some LUV once a month after that. I've seen reports here of CLI sooner than 6 months, but it seems in most cases the initial SL was higher. I had also just reported a modest increase in my income in anticipation of my next LUV button request ($65.5 K --> $67K). My monthly requests were made with both a zero balance and <20% balance usually after my most recent payment posted. I don't know what impact any of this had, perhaps it was just the 6-month timing. I'll probably lay off CLI requests on this acct for now, possibly waiting until mid-January. Good luck, Average Joe!

THANKS JEN😀 excellent data points and best of luck with your house hunting

Re: Paypal 2% MC Auto CLI + LUV button = 11X increase

xaximus — Mon, 15 Oct 2018 13:28:11 GMT

Congrats on the CLI!

Re: Paypal 2% MC Auto CLI + LUV button = 11X increase

19eighty5 — Mon, 15 Oct 2018 14:30:05 GMT

Congratulations on your CLI!

Re: Paypal 2% MC Auto CLI + LUV button = 11X increase

Anonymous — Tue, 16 Oct 2018 12:42:56 GMT

Congrats on your CLI!

Funny that I'm eyeing this card, only because the limit can be as low as $300... most are $500... and I was toying with the idea of having a $200-300 limit card to put discretionary spend on. Monthly allowance so to speak.

Re: Paypal 2% MC Auto CLI + LUV button = 11X increase

AverageJoesCredit — Tue, 16 Oct 2018 18:32:21 GMT

Do it LowLimits, its da bomb!

Re: Paypal 2% MC Auto CLI + LUV button = 11X increase

Anonymous — Wed, 17 Oct 2018 00:38:25 GMT

@AverageJoesCredit wrote:
Do it LowLimits, its da bomb!

I don't want to take a HP for a $300 line. Not yet anyway. Still have a LOT of gardening to do... Besides, I'm at my cap so I'd have to CLD or close other cards first.