topic Re: USAA CLI Request in Credit Card Applications

USAA CLI Request

Anonymous — Fri, 05 Jun 2015 18:33:09 GMT

For those of you on the forum with USAA card:

Do you know how long the offer to increase CLI lasts on the USAA website? It will be six months for me on June 23rd. I don't feel that my profile is good enough to request a CLI, especially since I still have too many inquiries from purchasing a vehicle last year, but I don't want to waste an inquiry? Any information would be greatly appreciated.

Re: USAA CLI Request

Anonymous — Fri, 05 Jun 2015 18:39:36 GMT

It will be a new hard pull on your credit.

I have their card and never use it. Im not a fan. lol

Re: USAA CLI Request

msbia — Fri, 05 Jun 2015 19:14:00 GMT

@Anonymous wrote:
For those of you on the forum with USAA card:

Do you know how long the offer to increase CLI lasts on the USAA website? It will be six months for me on June 23rd. I don't feel that my profile is good enough to request a CLI, especially since I still have too many inquiries from purchasing a vehicle last year, but I don't want to waste an inquiry? Any information would be greatly appreciated.

You have an offer from them? Generally their offers are pretty solid but your mileage may vary. You can request CLI every six months as you know and they are ALWAYS a hard pull. I usually cold request and have never had an offer, but have not been turned down for a CLI either. Scores are in my signature. Good luck!

Re: USAA CLI Request

Anonymous — Fri, 05 Jun 2015 19:57:26 GMT

The offer hasn't come up yet, but I'm a less than 3 weeks off from 6 months. Would like to see the increase in CLI, but would hate to waste a hard pull. Didn't know if it was an open ended offer that I could let sit there for a couple of months (trying to work on uti). Don't intend to apply for any other cards until next summer. Would like to add Discover to profile. Have given up on Barclays. Do you just have 1 with USAA? Tried for the MC right after applying for the VISA but was turned down. Don't know if hard pull should be used to try for MC again. My EQ was 620 when I got the preapproved offer. Would current scores pass for a CLI?

Re: USAA CLI Request

msbia — Fri, 05 Jun 2015 20:10:38 GMT

@Anonymous wrote:
The offer hasn't come up yet, but I'm a less than 3 weeks off from 6 months. Would like to see the increase in CLI, but would hate to waste a hard pull. Didn't know if it was an open ended offer that I could let sit there for a couple of months (trying to work on uti). Don't intend to apply for any other cards until next summer. Would like to add Discover to profile. Have given up on Barclays. Do you just have 1 with USAA? Tried for the MC right after applying for the VISA but was turned down. Don't know if hard pull should be used to try for MC again. My EQ was 620 when I got the preapproved offer. Would current scores pass for a CLI?

I had three unsecured USAA cards, but closed one a few months ago. USAA will hard pull for each CLI request unless you do them back to back online I believe. There is more to a credit limit increase than scores though; they will weigh your overall profile, baddies, utilization, inquiries and history with your current card. I used mine but not a lot, I had cleared out my baddies so my report was relatively clean and although I had lots of inquiries and new accounts USAA apparently didn't hold it against me. Again YYMV. If you really want an increase try for it, just go in knowing it will most likely be another HP. Good luck.

ETA: I think they pull EQ for CLI so you may want that score a bit higher.

Re: USAA CLI Request

Anonymous — Fri, 05 Jun 2015 20:25:33 GMT

No baddies. Only baddie I had was Verizon and it fell off months ago. I have too many inquiries from dealer rate shopping. Next 6 months will be in December. Most of the inquiries happened in late June, July, and early August as I was indecisive about what vehicle to get (will never do that again). Maybe I should wait till December. EQ score hopefully should go up as I will hit the year mark on some of the inquiries. Guess I'm just not being patient enough. This time last year had no unsecured credit. Thanks for the suggestion.

Re: USAA CLI Request

msbia — Fri, 05 Jun 2015 20:58:48 GMT

@Anonymous wrote:
No baddies. Only baddie I had was Verizon and it fell off months ago. I have too many inquiries from dealer rate shopping. Next 6 months will be in December. Most of the inquiries happened in late June, July, and early August as I was indecisive about what vehicle to get (will never do that again). Maybe I should wait till December. EQ score hopefully should go up as I will hit the year mark on some of the inquiries. Guess I'm just not being patient enough. This time last year had no unsecured credit. Thanks for the suggestion.

Next time use USAA for auto financing lol. FICO usually scores auto inquiries as one within 30 days, if that's any help. I know where you're coming from, see my signature, my credit repair journey started January 2014. Patience will pay off. I wish you the best!

Re: USAA CLI Request

Anonymous — Fri, 05 Jun 2015 21:16:05 GMT

That was my plan originally, but with my EQ score last year at 583, they wanted to do 14.9. Ended up with 3.9 with BBVA but ended up with all the inquiries. Next time it will be better as my score is improving. Thanks for the encouragement.

Re: USAA CLI Request

msbia — Fri, 05 Jun 2015 22:57:03 GMT

@Anonymous wrote:
That was my plan originally, but with my EQ score last year at 583, they wanted to do 14.9. Ended up with 3.9 with BBVA but ended up with all the inquiries. Next time it will be better as my score is improving. Thanks for the encouragement.

Wow that is a great rate with BBVA, and I probably would have gone the same route. You have USAA, are you eligible to join Navy Federal? I've found the best auto rates with them and they approved mine with a 630 EQ. I'm happy to help and encourage so if you ever have a question, PM me.

Re: USAA CLI Request

Anonymous — Fri, 05 Jun 2015 23:14:02 GMT

I thought so given how bad my credit was at the time. Can't do NFCU. I was Army, but I have considered SDFCU or Penfed. Again, thanks for all your help.

Re: USAA CLI Request

Anonymous — Fri, 05 Jun 2015 23:16:41 GMT

If you were Army you can get into NFCU---I was Army as well. No issues at all with it.

Re: USAA CLI Request

Anonymous — Fri, 05 Jun 2015 23:20:33 GMT

When I go throught the questionnaire, it says I'm not eligible.

Re: USAA CLI Request

Anonymous — Fri, 05 Jun 2015 23:26:54 GMT

The questionaire tripped me up at first to---it said I was denied. I think you have to put retired in for your service then it asks you about branch time etc---I would call them if not. They know I was definitely Army it has SSGT TobytheDawg as my welcome and on the checks they sent. Very easy process I got instantly approved on the Platinum MC for 25k at the lowest rate within moments...it popped so fast I thought it was a mistake at first.

Re: USAA CLI Request

Anonymous — Fri, 05 Jun 2015 23:31:05 GMT

Ok. I'll try that. Thanks for the info. Good limit. Haven't broken the 5 digit club yet. Most was BBVA $9000 SL.

Re: USAA CLI Request

Anonymous — Fri, 05 Jun 2015 23:35:32 GMT

Good luck!!!!!

Re: USAA CLI Request

Anonymous — Fri, 05 Jun 2015 23:39:48 GMT

@Anonymous wrote:
The questionaire tripped me up at first to---it said I was denied. I think you have to put retired in for your service then it asks you about branch time etc---I would call them if not. They know I was definitely Army it has SSGT TobytheDawg as my welcome and on the checks they sent. Very easy process I got instantly approved on the Platinum MC for 25k at the lowest rate within moments...it popped so fast I thought it was a mistake at first.

Don't you have to actually be a retiree?

Re: USAA CLI Request

Anonymous — Fri, 05 Jun 2015 23:40:16 GMT

You too.

Re: USAA CLI Request

Anonymous — Fri, 05 Jun 2015 23:43:17 GMT

I told them that I had served my time and gave them the years and they were ok. I am assuming they have a way of verifying since they did not ask for any additional info. USAA had me email a copy of my Honorable Discharge. NFCU took my info and said your one of us now...nothing else.

Re: USAA CLI Request

Anonymous — Fri, 05 Jun 2015 23:45:06 GMT

@Anonymous wrote:
I told them that I had served my time and gave them the years and they were ok. I am assuming they have a way of verifying since they did not ask for any additional info. USAA had me email a copy of my Honorable Discharge. NFCU took my info and said your one of us now...nothing else.

So, you are a retiree? Drawing an Army pension? That's interesting about USAA. They didn't ask me for my DD-214. Just signed me right up.

Re: USAA CLI Request

Anonymous — Fri, 05 Jun 2015 23:48:44 GMT

No, I spent 6 years in the Army as an EOD Specialist during the first Gulf War....also when the representative called me the next day to welcome me and and get the checking credit line setup he asked me about my service and I told him what I had done. However no pension....there was much more money at the time linking up with a company that had stock options available and a BMW as a sign on bonus :-) I do miss the Clinton years.