topic Re: Apple Card CLI (from $5k to $8k) in Credit Card Approvals

Apple Card CLI (from $5k to $8k)

CreditBones — Sun, 10 Jan 2021 17:39:25 GMT

DPs:

Card credit app/approval date: Oct 8, 2020. I believe today is the 93rd day, so this falls into the 91 Days CLI rule.

First bill cycle (10/09 - 10/31)

New charges: $1,014

PIF in 3 pymts:

10/30: $949

10/30: $25

10/31: $40

No pending charges

$0 bill

Second bill cycle (11/01 - 11/30)

New charges: $1,830

Refunds: $263 (cancelled online order due to back order status)

PIF in 1 pymt:

11/28: $1,546

No pending charges

$0 bill

Third bill cycle (12/01 - 12/31)

New charges: $1,410

Refunds: $18 (returned merchandise)

PIF in 13 pymts throughout the month (3-4 pymts/wk)

There were pending charges, but $0 posted balance by 12/31. I checked the balance several times during day/afternoon/night that day.

$0 bill

Current bill cycle (1/1 - present [1/10])

New charges: $159

PIF in one pymt: $169 (due to prev bill cycle pending charges) right before requesting the CLI.

CLI request via iPhone/Wallet app/Card/Chat:

"Hello, good morning. I would like to request a credit limit increase for my Card."

I felt it was an automated process via ChatBot due to the hyper-fast replies. I was prompted by an annual income digital form, which had this statement: "include shared income not earned by you that is regularly deposited into your individual or joint account". DW & I have a combined annual income of $129k.

I hope these DPs help others on their journey to a healthier credit profile / scores.

Re: Apple Card CLI (from $5k to $8k)

AllZero — Sun, 10 Jan 2021 17:16:33 GMT

Congratulations on your CLI!

Re: Apple Card CLI (from $5k to $8k)

CreditBones — Sun, 10 Jan 2021 17:18:10 GMT

@AllZero wrote:
Congratulations on your CLI!

Thank you!!

Re: Apple Card CLI (from $5k to $8k)

PullingMeSoftly — Sun, 10 Jan 2021 17:19:19 GMT

Congrats, a 60% increase, nicely done

Re: Apple Card CLI (from $5k to $8k)

CreditBones — Sun, 10 Jan 2021 17:46:07 GMT

@PullingMeSoftly wrote:
Congrats, a 60% increase, nicely done

Thank you!!
Double of what I was expecting while exchanging thoughts with @Aim_High on this other thread!!

Re: Apple Card CLI (from $5k to $8k)

MartyWrite75 — Sun, 10 Jan 2021 17:54:08 GMT

Congratulations on your CLI!

Re: Apple Card CLI (from $5k to $8k)

CreditBones — Sun, 10 Jan 2021 17:59:53 GMT

@MartyWrite75 wrote:
Congratulations on your CLI!

Thank you!!

Re: Apple Card CLI (from $5k to $8k)

mrcraft — Sun, 10 Jan 2021 18:07:01 GMT

Congratulations on your CLI!!

Re: Apple Card CLI (from $5k to $8k)

M_Smart007 — Sun, 10 Jan 2021 18:16:03 GMT

Congratulations!

Re: Apple Card CLI (from $5k to $8k)

CreditBones — Sun, 10 Jan 2021 19:21:18 GMT

@mrcraft wrote:
Congratulations on your CLI!!

Thank you!!

Re: Apple Card CLI (from $5k to $8k)

CreditBones — Sun, 10 Jan 2021 19:21:54 GMT

@M_Smart007 wrote:
Congratulations!

Thank you!!!

Re: Apple Card CLI (from $5k to $8k)

Aim_High — Sun, 10 Jan 2021 19:26:46 GMT

@CreditBones wrote:
@PullingMeSoftly wrote:
Congrats, a 60% increase, nicely done
Thank you!!
Double of what I was expecting while exchanging thoughts with @Aim_High on this other thread!!

Awesome, @CreditBones! Very nicely done and thanks for the data points!

Yes, much higher than we discussed, but we were also discussing using only 25-30% of your credit limit. Other members (like yourself now) have experienced much higher relative CLIs if they are able and willing to push 50% to 100% (or even more) of their limit. In your case, before the returns, your charges were about 85% of credit limit over about three months. That is very healthy usage and exactly what GS Bank loves to see!

Coincidentally, this seems to be where GS Bank is different from a similar lender, Capital One, who also mandates moderate usage to get a CLI approved. Whereas it appears to me that Capital One wants to see a certain level of spend to approve an increase, they don't reward you for exceeding that. GS Bank can be more or less generous depending on the level of spend, so it appears their automated approval algorithms are more sophisticated.

Re: Apple Card CLI (from $5k to $8k)

cashorcharge — Sun, 10 Jan 2021 19:42:32 GMT

That's great! If only all CLI requests were so easy! Congratulations on your approval!!

Re: Apple Card CLI (from $5k to $8k)

CreditBones — Sun, 10 Jan 2021 19:50:51 GMT

@Aim_High wrote:
@CreditBones wrote:
@PullingMeSoftly wrote:
Congrats, a 60% increase, nicely done
Thank you!!
Double of what I was expecting while exchanging thoughts with @Aim_High on this other thread!!
Awesome, @CreditBones! Very nicely done and thanks for the data points!

- Thank you very much for the guidance, DPs, and support! It definitely was an integral part of my decision making!

Yes, much higher than we discussed, but we were also discussing using only 25-30% of your credit limit. Other members (like yourself now) have experienced much higher relative CLIs if they are able and willing to push 50% to 100% (or even more) of their limit. In your case, before the returns, your charges were about 85% of credit limit over about three months. That is very healthy usage and exactly what GS Bank loves to see!

- Exactly. I think that when you cross a certain threshold ratio between the spending and the credit limit, it produces a higher CLI %.

I thank everyone that has contributed with as many DPs as possible!

Re: Apple Card CLI (from $5k to $8k)

CreditBones — Sun, 10 Jan 2021 20:13:39 GMT

@cashorcharge wrote:
That's great! If only all CLI requests were so easy! Congratulations on your approval!!

Thank you!

Yes, it was a fairly easy planned process.

1. Monthly spend of 25+% of CL

2. PIF before cut date

3. Repeat for 3 months.

I believe the annual income also played a role.

And, I don't know if it matters or not, but another DP is that I applied for the Apple Card via soft pull. So, I know the approval was not credit-score related, but because of my strong relationship with Apple (iPhones since they came to be, one MacBook Air in 2013, two pairs of AirPods, one AppleTV and one iPad in 2018, one MacBook Pro in 2020; all under the same AppleID, and strong usage of ApplePay since it came to be).

Re: Apple Card CLI (from $5k to $8k)

Aim_High — Sun, 10 Jan 2021 20:45:54 GMT

Also, @CreditBones, I didn't see the Apple card in your siggy until I searched. If you'd like another option that is more recognizable, here are some options for you to consider! I know it can be a little hard to find a good stock image to use. But if you like what you've got, I won't be offended.

*Yes, technically, there is no Mastercard logo on the front of the card. The colorized version is just a combination of the Apple vitual wallet display and a physical card. And the second one is closer to the actual apearance of the card, although it lacks as much definition or personality.

Re: Apple Card CLI (from $5k to $8k)

CreditBones — Sun, 10 Jan 2021 21:07:27 GMT

@Aim_High wrote:
Also, @CreditBones, I didn't see the Apple card in your siggy until I searched. If you'd like another option that is more recognizable, here are some options for you to consider! I know it can be a little hard to find a good stock image to use. But if you like what you've got, I won't be offended.

Thank you for the suggestion and examples.

After many hours of searching the web, and even taking my own photos, I chose the image I have (iPhone with Pay in the foreground, and the physical Card in the background) because it represents my views about the Card; a [digital] credit card designed mostly for Pay and online purchases, that happens to have a physical card for those outdated merchants that have not yet moved to accept Pay.

Re: Apple Card CLI (from $5k to $8k)

Elpadrino1 — Sun, 10 Jan 2021 21:23:38 GMT

Very nice CLI, congrats!

Re: Apple Card CLI (from $5k to $8k)

CreditBones — Sun, 10 Jan 2021 23:06:47 GMT

@Elpadrino1 wrote:
Very nice CLI, congrats!

Thank you!!

Re: Apple Card CLI (from $5k to $8k)

CreditAggie — Mon, 11 Jan 2021 03:23:10 GMT

Congratulations on your Apple Card CLI!