topic Re: More advice needed on CLI in Credit Card Applications

More advice needed on CLI

OldDog — Wed, 01 May 2024 20:41:40 GMT

Ok my dudez, I haven't gotten a CLI this month and we're already more than halfway through the first day! Here's the sitrep. I opened a wells fargo active cash in Nov 23. By my count that makes it 6 months old. Ripe for CLI, right👍?

According to wells, Ex fico9 was 769 when opened, 821 on 4/25/24, they call it exceptional. Income $63k. Ex hps 0/6, 2/12. No baddies.

Current and initial cl = $8500.

Should I ask?

For how much?

All comments appreciated or depreciated, depending,lol.

Re: More advice needed on CLI

cashorcharge — Wed, 01 May 2024 21:22:13 GMT

You can call WF to ask and 6 months is the right time frame

When calling, they will ask how much you would like...don't go crazy...though if you ask for another $10K and they can do $5K, they will tell you that. Additionally, when you call ask them if they can do this as a SP. They will then take your info and attempt to proceed...if they can, they will tell you so and congrats or declined...if they cannot proceed as SP, they will tell you they can't proceed this way and a HP will be necessary...would you like to proceed? You can then decline and end the process.

It's not often that I hear of people doubling a WF CL...not like AMEX and their 3X options....so go ahead and try for $17K...it's an even double amount...still seems like a large jump but it doesn't hurt to ask.

Re: More advice needed on CLI

OldDog — Wed, 01 May 2024 22:52:29 GMT

Thanks. Do you think calling works better than in app? I got the 3x from amex in app.

Re: More advice needed on CLI

cashorcharge — Fri, 03 May 2024 04:01:08 GMT

Yes calling into WF is the most effective solution as you can control the proceeding with or without a SP

Re: More advice needed on CLI

FicoMike0 — Fri, 03 May 2024 00:14:12 GMT

Thanks again. Today, I pif the bill. I moved some money into my wells checking, to show activity. Anything else I can do to make them love me?

Re: More advice needed on CLI

cashorcharge — Fri, 03 May 2024 04:02:11 GMT

Give them a call...good luck!

Re: More advice needed on CLI

FicoMike0 — Fri, 03 May 2024 14:33:33 GMT

One more question, can't seem to think it all through at once. Do you think my aggregate cl or highest individual c l will be considered? I just got a cli from amex raising my highest cl from $9000 to $27000 and aggregate from $24000 to $42000. Hasn't showed up on crs yet. Amex account posts in less than two weeks, should I wait?

Re: More advice needed on CLI

FicoMike0 — Fri, 03 May 2024 15:26:15 GMT

It's probably just coincidence. When I apped for wells account, my highest cl was amex bce, $6000. Wells went $8500. Almost as soon as the new account showed up on crs , amex did an auto cli to $9000. Bidding contest? Wishful thinking?

Re: More advice needed on CLI

cashorcharge — Sun, 05 May 2024 16:58:07 GMT

@FicoMike0 wrote:
One more question, can't seem to think it all through at once. Do you think my aggregate cl or highest individual c l will be considered? I just got a cli from amex raising my highest cl from $9000 to $27000 and aggregate from $24000 to $42000. Hasn't showed up on crs yet. Amex account posts in less than two weeks, should I wait?

I cannot say for certain. I would add that some banks to take those items into consideration. If this is done by the system, it's all algorhythm based.