SunTrust CLI Approval

seattlecredit08 — Wed, 03 Jul 2019 03:30:53 GMT

Background:

I have had SunTrust Cash Rewards Mastercard (soon to be Truist Mastercard, once the new name takes effect ) for a bit over a year with a fairly minimal usage. Never had any other SunTrust products besides this card. Original SL was just under $9000. Was kind of hoping for an Auto CLI but that did not happen so went ahead and pulled a trigger on a CLI request. Knew that this was going to result in another Equifax (EQ) Hard Pull (HP) inquiry.

CLI Process:

CLI must be requested over the phone. When requesting CLI, one is asked to specify a limit increase amount. I asked for a $6000 increase reasoning that this would put me just under $15,000 if approved (e.g. in case the computer algorithm applies a different criteria for a $15,000 SL). Information asked for a CLI request was address, current income and mortgage / rent status.

EQ HP came as expected, about 2 days later (not instant). Then, my CLI request got stuck in additional verification, had to call back and verify some basic details. Once verified, CLI was approved and a new SL of just under $15,000 showed up the same day online. It appears though that all CLI requests go through a manual underwriting review.

Overall, happy with the CLI process although left wondering what would have happened if I requested a larger limit increase.

Data Points:

EQ FICO 8 around 750
AAofA is around 3 years
4 inquiries on EQ in the last year
More than > 10 new accounts in the last 12 months, over > 5 in the last 6

This CLI request was pretty much the last app of my recent app spree.

Thank you!!

Re: SunTrust CLI Approval

Marz2002 — Wed, 03 Jul 2019 08:09:55 GMT

YOU...

CONGRATS @seattlecredit08 on your AWESOME SunTrust Cash Rewards MC CLI and Thank You for documenting your CLI experience!!!

Re: SunTrust CLI Approval

Anonymous — Wed, 03 Jul 2019 09:03:54 GMT

Very nice CLI! Enjoy!

Re: SunTrust CLI Approval

Remedios — Wed, 03 Jul 2019 15:35:44 GMT

Congrats on the increase!

Re: SunTrust CLI Approval

M_Smart007 — Wed, 03 Jul 2019 21:30:20 GMT

Congrats!!!

Re: SunTrust CLI Approval

FireMedic1 — Wed, 03 Jul 2019 23:11:40 GMT

Congrats! When I hit my 12th statement they gave a 1000 auto cli. Who knows?

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