topic How to ask for an increase in my situation in Credit Cards

How to ask for an increase in my situation

Anonymous — Sat, 14 Mar 2015 00:05:43 GMT

i have about 14 credit cards- 3 of which i use to take advantage of cash backs, and the rest was really trying to build credit and show creditors you can be responsible and know how to handle it even tho they just sit in the drawer so they can age. 0 missed payments, on time everything, no negative or derogatory marks. Im 21 years old, currently at 9,000/29,000$ 33% utilization of 700 C.S. so i guess my question is how do i ask for an increase limit to decrease my utilization so my score can go up? I want to show that i dont need the cash but really i want my score to boost up. are they going look at my total utilization as a whole or diagnose evry cards ratio? altho im a student my limit is high is due to school costs' none the less i'd appreciate any lecture or senario that would help out on a positive way
Thanks in advance!

Re: How to ask for an increase in my situation

ADARPegasus — Sat, 14 Mar 2015 00:13:12 GMT

What is your income like? What cards do you currently have and what are the limits on those cards?

Re: How to ask for an increase in my situation

ddemari — Sat, 14 Mar 2015 00:24:20 GMT

It would depend on how long u have had the cards sitting around with 0 balances. Id say if under 6 months old, you would have to jump hoops probably. It also depends on what cards u want to increase, like cap1 no hard pull cli as barclaycard/ boa cards hard pull

Re: How to ask for an increase in my situation

Skye12329 — Sat, 14 Mar 2015 01:27:38 GMT

Another factor that might come in to play is which cards are you asking the increase on? Like if you have cards that are maxxed out but your total Utilization is 33%. The maxxed out cards could come up as a red flag. If you ask the lender of a maxxed out card for an increase its very possible for a denial.

Another factor as mentioned is income. Can your income support more credit line?

Re: How to ask for an increase in my situation

Anonymous — Sat, 14 Mar 2015 02:11:11 GMT

barclays 2800/5000
Chase sapphire 3000/5000
Citi perferf 3000/5000
I'd like to increase these ^3

Re: How to ask for an increase in my situation

Anonymous — Sat, 14 Mar 2015 02:12:23 GMT

barclays 2800/5000
Chase sapphire 3000/5000
Citi perferf 3000/5000
I'd like to increase these ^3
30000 a year
What do you think

Re: How to ask for an increase in my situation

Skye12329 — Sat, 14 Mar 2015 02:14:09 GMT

@Anonymous wrote:
barclays 2800/5000
Chase sapphire 3000/5000
Citi perferf 3000/5000
I'd like to increase these ^3
30000 a year
What do you think

I think its worth a shot. It will all be a Hard Pull.

Barclays - Transunion

Chase - Experian (most likely but could be another)

Citi - Im not sure who they do

Re: How to ask for an increase in my situation

Anonymous — Sat, 14 Mar 2015 02:17:02 GMT

How should i pursue it?

Re: How to ask for an increase in my situation

Tonya-E — Sat, 14 Mar 2015 02:20:31 GMT

@Anonymous wrote:
i have about 14 credit cards- 3 of which i use to take advantage of cash backs, and the rest was really trying to build credit and show creditors you can be responsible and know how to handle it even tho they just sit in the drawer so they can age. 0 missed payments, on time everything, no negative or derogatory marks. Im 21 years old, currently at 9,000/29,000$ 33% utilization of 700 C.S. so i guess my question is how do i ask for an increase limit to decrease my utilization so my score can go up? I want to show that i dont need the cash but really i want my score to boost up. are they going look at my total utilization as a whole or diagnose evry cards ratio? altho im a student my limit is high is due to school costs' none the less i'd appreciate any lecture or senario that would help out on a positive way
Thanks in advance!

Check to see if you have a Citi CLI request button. They will CLI with no hard pull if you qualify. They throw out a number and then you can try to request more if you aren't satisfied. I think they may do a HP if you request more, but not sure. The Chase and Barclay would be HP in most cases. May as well try avoiding that at first.