topic Re: CLI Question in Credit Card Applications

CLI Question

Anonymous — Wed, 05 Aug 2015 20:35:33 GMT

I'm looking to get a CLI with BoA on a card I have had $1,000 limit with for some time. I've never asked for one before, but yesterday I got two Chase cards with CL of $12,000. Should I wait till they report on credit before asking for the CLI, or does it not matter?

Re: CLI Question

Imperfectfuture — Wed, 05 Aug 2015 23:14:26 GMT

I would ask now. But we need more stats, income (rounded), scores, other cards. Those stats help us help you.

Re: CLI Question

Anonymous — Thu, 06 Aug 2015 02:08:55 GMT

definitely let them report. if they show you have that high of a limit maybe b of a will try to at least meet half way

Re: CLI Question

Anonymous — Thu, 06 Aug 2015 03:03:54 GMT

@Anonymous wrote:
definitely let them report. if they show you have that high of a limit maybe b of a will try to at least meet half way

This^^^^.. Let the new limits report before going for a CLI so that they can match your current limits.

Re: CLI Question

OmarGB9 — Thu, 06 Aug 2015 06:11:06 GMT

Is the limit matching thing true? Do certain lenders have a tendency to do that? Just curious. Don't mean to steal OPs thread.

Re: CLI Question

Anonymous — Thu, 06 Aug 2015 06:36:34 GMT

certain lenders will match or close to it. not to say all will, but new apps will come close or try to beat it depending on their level of being conservative.

Re: CLI Question

OmarGB9 — Thu, 06 Aug 2015 06:45:28 GMT

Any specific lenders who do that?

Re: CLI Question

Anonymous — Thu, 06 Aug 2015 06:49:21 GMT

it also depends on your profile and their relationship with you. certain ones (depends of course) will match what you have. idk exactly who but most will.

Re: CLI Question

ojefferyo — Thu, 06 Aug 2015 21:49:55 GMT

@Anonymous wrote:
I'm looking to get a CLI with BoA on a card I have had $1,000 limit with for some time. I've never asked for one before, but yesterday I got two Chase cards with CL of $12,000. Should I wait till they report on credit before asking for the CLI, or does it not matter?

I would let them report because Bank of America like to be top dog sometimes but since your Chase cards are new they may not give you as much since you have no history with those limits yet.