topic Re: Just got 2nd Apple Card CLI in Credit Card Approvals

Just got 2nd Apple Card CLI

biff-henderson — Fri, 22 Oct 2021 01:46:51 GMT

Hot on the heels of a Macy's card CLI, I just recieved my 2nd Apple Card CLI, after a request, to $3500. This is after getting an auto CLI after my first $3 purchase in Wawa this summer. That one took me from $500 to $1500. Is this about what I should expect? If my spend decreases, will they get stingy liek Cap1?

TIA

Re: Just got 2nd Apple Card CLI

KingRue8500 — Fri, 22 Oct 2021 02:31:18 GMT

Congrats on your Apple Card CLI

Re: Just got 2nd Apple Card CLI

Total80sKid — Fri, 22 Oct 2021 03:51:18 GMT

Congrats on your Apple Card CLI 👍🏼

Re: Just got 2nd Apple Card CLI

cashorcharge — Fri, 22 Oct 2021 03:52:00 GMT

That’s terrific! Congratulations on your Apple CLI approval!! 👏🏼🎉🍾

Re: Just got 2nd Apple Card CLI

Rebuild2019 — Fri, 22 Oct 2021 04:17:17 GMT

Congratulations 🎉🎈🎊 on your Apple CLI.

Re: Just got 2nd Apple Card CLI

CreditAggie — Fri, 22 Oct 2021 04:18:47 GMT

Congratulations on your Apple Card CLI!

Re: Just got 2nd Apple Card CLI

Oops_I_Did_It_Again — Fri, 22 Oct 2021 06:15:01 GMT

@biff-henderson wrote:
If my spend decreases, will they get stingy liek Cap1?

I have not seen anything to indicate that GS manages accounts like Cap1. Nobody does it ...like Cap1. No signs of being bucketed, at any rate...You already have a cummulative 7x CLI -- Doesn't seem like anything is holding you back.

I'm uncertain if CLIs and spend are highly coupled for GS/Apple card. I think there was some consensus developing that spend was important, maybe determinative, but recall contradicting reports later in time, where meaty CLIs were obtained with modest or even nominal spend. You might have to experiment; see if you get denied or not with specific reason

insufficient spending of current CL

GS really seems to like you. Looks like you might be at a point where it would be worth your while add another major bank card, American Express, Chase (<5/24!), Discover - IT etc. but that depends on scores (~700+ Fico8), debt/income, etc.

from a post by Aim_High

4/2021

You can ask every 91 days. Just keep in mind that they want to see some substantial spending of current credit limit to approve an increase. Based on previous CLI trends, it has appeared that spending no less than 25% to 30% of your current CL in the few prior months to a CLI request is needed to avoid the "insufficient spending of current CL" denial message. Higher spending has sometimes led to larger relative increases.

https://ficoforums.myfico.com/t5/Credit-Card-Approvals/10K-CLI-on-Apple-Card-to-30K/td-p/6314561/page/4

Re: Just got 2nd Apple Card CLI

coreyb80 — Fri, 22 Oct 2021 16:16:21 GMT

Congrats on the increase!

Re: Just got 2nd Apple Card CLI

biff-henderson — Fri, 22 Oct 2021 21:37:40 GMT

Thanks for the info. I've done sone seaaarching on the forums, and seen both opinions as well. We will see where things go.

I was hoping to add another card in Nov, but the Apple card reported a $700 balance to Experian, apparently for the 2 days before it was paid off. So my score hasn't moved as I expected. Thankfully, atill relatively good at 8%. Will probably wait for a HP to hit a year in December so I can maybe pick up a few points.

Re: Just got 2nd Apple Card CLI

CreditMagic7 — Fri, 22 Oct 2021 22:05:20 GMT

'Hot on the heels" WTG!

Congrats on your Apple Card increase!!

Re: Just got 2nd Apple Card CLI

pakratus — Fri, 22 Oct 2021 22:32:18 GMT

@biff-henderson wrote:
Thanks for the info. I've done sone seaaarching on the forums, and seen both opinions as well. We will see where things go.

I was hoping to add another card in Nov, but the Apple card reported a $700 balance to Experian, apparently for the 2 days before it was paid off. So my score hasn't moved as I expected. Thankfully, atill relatively good at 8%. Will probably wait for a HP to hit a year in December so I can maybe pick up a few points.

B.

This summer I ran the Apple card up to $500. Paid it off BEFORE the statement closed. That balance reported and stayed on my reports for 2 months. It disappeared when a new card hit my reports. Weird.

Re: Just got 2nd Apple Card CLI

Titans84 — Sat, 23 Oct 2021 01:07:33 GMT

Congrats on your CLI!

Re: Just got 2nd Apple Card CLI

Sub16610 — Sat, 23 Oct 2021 01:10:06 GMT

Congrats on your cli!

Re: Just got 2nd Apple Card CLI

biff-henderson — Wed, 27 Oct 2021 04:31:51 GMT

Weird to hijack my own thread, but apped or the Amex BCP, and to my surprise, approved. Crazy small limit at $1K, but I'm willing to work in it every 61 days. I'm tempted to go back for the Green card too. I've read I have 30 days to mull it over before its another HP?

Goal now is to reach the SUP spend, then work on the CLI's. Mull over the HH Surpass for the travel benefits and lounge access.

B.BCP approved.png

Re: Just got 2nd Apple Card CLI

TSlop — Wed, 27 Oct 2021 04:45:31 GMT

Congrats on your CLI!

Re: Just got 2nd Apple Card CLI

Oops_I_Did_It_Again — Mon, 01 Nov 2021 23:14:30 GMT

@biff-henderson wrote:
Weird to hijack my own thread, but apped or the Amex BCP, and to my surprise, approved. Crazy small limit at $1K, but I'm willing to work in it every 61 days. I'm tempted to go back for the Green card too. I've read I have 30 days to mull it over before its another HP?

Goal now is to reach the SUP spend, then work on the CLI's. Mull over the HH Surpass for the travel benefits and lounge access.

B.

American Express fairly frequently does an SP-only pull for existing customers when they apply for additional cards. Technically it's a different thing, I think, than what you are suggesting. Some lenders (not many) do merge HPs for CC applications in quick sucession, and CBs are supposed to merge HPs to support 'rate shopping' for certain types of consumer loans, like auto loans, mortgages, perhaps other types of installment loans, but American Express SPs for additional cards are not done on a time frame basis -- I'd say it's kind of a courtesy to existing customers, an Amex "SP special'. If they feel inclined to handle an additional card app that way, they don't care about the timing.

I have to hedge like crazy here because I don't know how that may apply in your situation. I would worry that the SP-only bit may be more likely for customers who have established a track record with them.

You might want to start a new thread to illicit more responses as regards the Amex questions here.

Re: Just got 2nd Apple Card CLI

biff-henderson — Mon, 01 Nov 2021 23:58:57 GMT

@Oops_I_Did_It_Again wrote:

@biff-henderson wrote:
Weird to hijack my own thread, but apped or the Amex BCP, and to my surprise, approved. Crazy small limit at $1K, but I'm willing to work in it every 61 days. I'm tempted to go back for the Green card too. I've read I have 30 days to mull it over before its another HP?

Goal now is to reach the SUP spend, then work on the CLI's. Mull over the HH Surpass for the travel benefits and lounge access.

B.

American Express fairly frequently does an SP-only pull for existing customers when they apply for additional cards. Technically it's a different thing, I think, than what you are suggesting. Some lenders (not many) do merge HPs for CC applications in quick sucession, and CBs are supposed to merge HPs to support 'rate shopping' for certain types of consumer loans, like auto loans, mortgages, perhaps other types of installment loans, but American Express SPs for additional cards are not done on a time frame basis -- I'd say it's kind of a courtesy to existing customers, an Amex "SP special'. If they feel inclined to handle an additional card app that way, they don't care about the timing.

I have to hedge like crazy here because I don't know how that may apply in your situation. I would worry that the SP-only bit may be more likely for customers who have established a track record with them.

You might want to start a new thread to illicit more responses as regards the Amex questions here.

Yeah, I've decided to slow things down for a bit. Let some HPs fall off and some age to a year before going for one of the charge cards or maybe the Hilton Surpass. Also wondering what Wells Fargo will come out with next year, in the hopes that my history with them can bear some fruit.

I'm happy to get in with Amex, but am torn with whether I want to do points for travel, or hotel stays. I'm leaning toward hotels. No matter what, lounge access is a must. the 10 passes with the Hilton Surpass is a sweet spot, but I clearly need to continue with the research. Thoughts?

Re: Just got 2nd Apple Card CLI

Oops_I_Did_It_Again — Tue, 02 Nov 2021 05:06:36 GMT

@biff-henderson wrote:
I'm happy to get in with Amex, but am torn with whether I want to do points for travel, or hotel stays. I'm leaning toward hotels. No matter what, lounge access is a must. the 10 passes with the Hilton Surpass is a sweet spot, but I clearly need to continue with the research. Thoughts?

I think your way ahead of me as far as considering details of Amex travel credit products...Hilton Surpass sounds good to me.

Re: Just got 2nd Apple Card CLI

biff-henderson — Wed, 03 Nov 2021 22:17:07 GMT

@Oops_I_Did_It_Again wrote:

@biff-henderson wrote:
I'm happy to get in with Amex, but am torn with whether I want to do points for travel, or hotel stays. I'm leaning toward hotels. No matter what, lounge access is a must. the 10 passes with the Hilton Surpass is a sweet spot, but I clearly need to continue with the research. Thoughts?

I think your way ahead of me as far as considering details of Amex travel credit products...Hilton Surpass sounds good to me.

Ha, thanks. But I'm still a noob with all this. I really wish I'd found this board 2yrs ago. Would have made some very different choices. Not the least of which was leveraging last summer's travel spend for some points/miles.

Regardless, after my little 3 cards app spree, I'm in the garden until at least next summer.

Re: Just got 2nd Apple Card CLI

Oops_I_Did_It_Again — Wed, 03 Nov 2021 22:56:51 GMT

@biff-henderson wrote:
Regardless, after my little 3 cards app spree, I'm in the garden until at least next summer.

B.

Yes, you done good! I think I may apply for one of the new Wells cards & the Apple card also. I need a metal card!