topic Re: Apple Card CLI data point in Credit Card Applications

Apple Card CLI data point

Crispy — Sun, 08 Jan 2023 22:12:11 GMT

Got Apple Card last year & requested 4 CLIs over course of the year and was denied on all of them. Always had 80-90% and higher utilization report and paid in full before statement due date to hopefully influence an easy CLI. No luck.

This time I decided to pay off entire balance before statement generated to have 0% post, and once that posted I requested a CLI, and got more than double my limit approved! Interesting. Might just be a coincidence and they were just ready to give me one or they didnt like the high utilization posting even though I was paying it off in full each month. Score on the lower side though so that could also have been an element to it.
score: mid to high 600s Experian FICO8

Re: Apple Card CLI data point

TyrannicalDuncery — Sun, 08 Jan 2023 22:13:46 GMT

Congrats! Interesting.

Re: Apple Card CLI data point

Crispy — Sun, 08 Jan 2023 22:14:49 GMT

another coincidence is I recently got the Amex Platinum and since then apple and 3 other cards have given me a CLI which they had refused to before. Lol. Who knows

Re: Apple Card CLI data point

NoMoreDebt — Sun, 08 Jan 2023 22:23:09 GMT

Congrats on the cli. Had a similar experience. Once my card was paid off for a month I requested and got a cli decent relative to my SL I guess as my SL was $3k and got a cli of $1250. My wife tried for a cli on hers which had high util also for a while but had been paid off for 4 months. Her SL was $2k and they only gave her $250 cli. Our score currently are similar to OP's.

We actually did the co owner thing and combined our limits and cards for the $6500 CL

Re: Apple Card CLI data point

Jordan23ww — Sun, 08 Jan 2023 22:31:58 GMT

Congratulations on your limit increase! Thank you for sharing this data point. I've had a conversation with Apple Card Support rep before and they told me that pretty much that their system will deny any limit increase requests where the person's utilization is 30% or higher. They said if you're 29% or lower than normally you're fine. So I do believe you paying your balance off before the closing date and then asking for an increase was a major factor for you being approved. I'm sure there are are some exceptions to what the rep told me but it seems likely they may be correct. The highest utilization I've gotten a CLI at was at 24% of my Apple Card's limit when I had just started a installment plan on a 16 inch Macbook Pro with a bunch of upgrades. Congratulations again to you!

Re: Apple Card CLI data point

Jordan23ww — Sun, 08 Jan 2023 22:41:46 GMT

@NoMoreDebt wrote:
Congrats on the cli. Had a similar experience. Once my card was paid off for a month I requested and got a cli decent relative to my SL I guess as my SL was $3k and got a cli of $1250. My wife tried for a cli on hers which had high util also for a while but had been paid off for 4 months. Her SL was $2k and they only gave her $250 cli. Our score currently are similar to OP's.

We actually did the co owner thing and combined our limits and cards for the $6500 CL

@NoMoreDebt Congratulations on getting the limit increases. In case you weren't aware, Goldman Sachs views adding a joint owner and merging limits as a limit increase. My myself and many others once we merged our cards we had to wait 6 months before we could get another limit increase (this was back in 2021 when they were still giving others increases every 91 days). So just be aware whenever y'all merged, 6 months from then is likely when you can get another increase. Best wishes to you both!

Re: Apple Card CLI data point

SweetCreditObsession — Mon, 09 Jan 2023 02:08:27 GMT

Fascinating DPs! Thanks for sharing and congrats on the CLI.

Re: Apple Card CLI data point

OniStringer — Mon, 09 Jan 2023 05:02:35 GMT

Congrats

Re: Apple Card CLI data point

bigseegar — Mon, 09 Jan 2023 12:37:28 GMT

@Crispy wrote:
another coincidence is I recently got the Amex Platinum and since then apple and 3 other cards have given me a CLI which they had refused to before. Lol. Who knows

Yeah, that had exactly Zero to do with those CLI's lol. But congrats

Re: Apple Card CLI data point

privacyadvocate69 — Thu, 16 Feb 2023 20:18:53 GMT

Got mine in August 2019. It opened with a limit of $16K.

They have increased the limit a few times since, it is now $22K.

Re: Apple Card CLI data point

md_rebuild — Fri, 17 Feb 2023 01:14:10 GMT

Same happened to me. I requested a CLI about 6 months ago, and got a $1K increase. Utilization was somewhere between 35-50%. I transferred the balance to another card about 4 months later (and paid it off) and then asked for a CLI. $4.5K.

Nothing changed other than my utilization.