topic Re: BIG CareCredit CLI in Credit Card Approvals

BIG CareCredit CLI

toothgrind3r — Wed, 02 Apr 2014 01:16:15 GMT

So I got CareCredit about a year ago for some dental work (office app'd for me) with a CL of a measly $1000. Then I kind of forgot about CareCredit, had never heard of it before, and with them offering me only $1000 I figured it was kind of a joke. Then this community reminded me and I saw some good CLI's happening. Got me thinking I should really finish up the rest of my dental work.

Tonight I called up, got the automated thing-a-ma-doo, asked for $20,000 (as per advice on this board) and was countered with $15,800 (why the odd number?). So now I have a total CL of $16,800.

So, yeah, super happy about that because

1. I don't have to worry too much if I need some more work done.

2. Will this large CL help me as far as future limits with other lenders are concered? Meaning, i know one of of the reasons for a recent CC denial was the relativly low limits on my existing cards. Does this large limit help? Or because of what type of card it is, is it not heavily considered?

Re: BIG CareCredit CLI

gdale6 — Wed, 02 Apr 2014 01:26:01 GMT

@toothgrind3r wrote:
So I got CareCredit about a year ago for some dental work (office app'd for me) with a CL of a measly $1000. Then I kind of forgot about CareCredit, had never heard of it before, and with them offering me only $1000 I figured it was kind of a joke. Then this community reminded me and I saw some good CLI's happening. Got me thinking I should really finish up the rest of my dental work.

Tonight I called up, got the automated thing-a-ma-doo, asked for $20,000 (as per advice on this board) and was countered with $15,800 (why the odd number?). So now I have a total CL of $16,800.

So, yeah, super happy about that because
1. I don't have to worry too much if I need some more work done.
2. Will this large CL help me as far as future limits with other lenders are concered? Meaning, i know one of of the reasons for a recent CC denial was the relativly low limits on my existing cards. Does this large limit help? Or because of what type of card it is, is it not heavily considered?

Very nice a 15K CLI yes will help you.

Re: BIG CareCredit CLI

Anonymous — Wed, 02 Apr 2014 01:31:37 GMT

Congrats! Great CLI increase.

Re: BIG CareCredit CLI

coldnmn — Wed, 02 Apr 2014 01:33:08 GMT

Congrats! Thanks for sharing.

Re: BIG CareCredit CLI

-Wade- — Wed, 02 Apr 2014 02:00:53 GMT

@toothgrind3r wrote:
So I got CareCredit about a year ago for some dental work (office app'd for me) with a CL of a measly $1000. Then I kind of forgot about CareCredit, had never heard of it before, and with them offering me only $1000 I figured it was kind of a joke. Then this community reminded me and I saw some good CLI's happening. Got me thinking I should really finish up the rest of my dental work.

Tonight I called up, got the automated thing-a-ma-doo, asked for $20,000 (as per advice on this board) and was countered with $15,800 (why the odd number?). So now I have a total CL of $16,800.

So, yeah, super happy about that because
1. I don't have to worry too much if I need some more work done.
2. Will this large CL help me as far as future limits with other lenders are concered? Meaning, i know one of of the reasons for a recent CC denial was the relativly low limits on my existing cards. Does this large limit help? Or because of what type of card it is, is it not heavily considered?

Congrats on your CLI

Re: BIG CareCredit CLI

azguy13 — Wed, 02 Apr 2014 02:06:46 GMT

Fantastic CLI! Congrats!

Re: BIG CareCredit CLI

SunriseEarth — Wed, 02 Apr 2014 08:45:56 GMT

That is a massive CLI...definitely worth the HP! Congrats!

Re: BIG CareCredit CLI

alvon123 — Wed, 02 Apr 2014 12:01:23 GMT

congrats

Re: BIG CareCredit CLI

kroberts67 — Wed, 02 Apr 2014 15:09:03 GMT

Congrats! It will help your overall UT. That's a darn good TU FICO so I'm not surprised, so nice job!

And your screen name is funny, that is the reason I will be getting new teeth this year.

Re: BIG CareCredit CLI

toothgrind3r — Wed, 02 Apr 2014 15:11:40 GMT

@kroberts67 wrote:
Congrats! It will help your overall UT. That's a darn good TU FICO so I'm not surprised, so nice job!

And your screen name is funny, that is the reason I will be getting new teeth this year.

haha!!! Yes yes, been a problem of mine since I was a wee little lad

And thanks for the replies everyone

Re: BIG CareCredit CLI

MsLadyRover — Wed, 02 Apr 2014 15:14:23 GMT

Congratulations!

Re: BIG CareCredit CLI

starry1 — Wed, 02 Apr 2014 15:38:50 GMT

That's an amazing increase from them. Congrats!

Re: BIG CareCredit CLI

navigatethis12 — Wed, 02 Apr 2014 15:44:11 GMT

@toothgrind3r wrote:

2. Will this large CL help me as far as future limits with other lenders are concered? Meaning, i know one of of the reasons for a recent CC denial was the relativly low limits on my existing cards. Does this large limit help? Or because of what type of card it is, is it not heavily considered?

Some will say yes and others will say no. Lenders also take into consideration the payment history, length of time between new accounts, income, and anything else they like to determine a credit limit. I'd say wait a month or two to make sure it reports and ask for an increase on another card and see what happens. Having a high limit on one card doesn't always mean another will give it to you, but there is no harm in trying. Barclays has always been a hard for me. When you begin the request online with Citi, the form will either say they will pull a credit bureau or they won't, so you can check it to see which one you have.

Re: BIG CareCredit CLI

SunriseEarth — Wed, 02 Apr 2014 20:53:29 GMT

@toothgrind3r wrote:

Will this large CL help me as far as future limits with other lenders are concered? Meaning, i know one of of the reasons for a recent CC denial was the relativly low limits on my existing cards. Does this large limit help? Or because of what type of card it is, is it not heavily considered?

Care Credit is essentially a store card, so it varies by lender and even by their particular cards. Some consider store cards to set CLs and some don't.

My Cap One QS likes to slightly beat the CL for whatever my lowest major CC is at the time I've asked for CLIs. I'm pretty sure that next time for QS, they'll offer me $1250, so they can slightly beat my Merrick CC.