topic Re: Cap1 CLI before first statement? in Credit Cards

Cap1 CLI before first statement?

Anonymous — Fri, 07 Aug 2015 21:50:41 GMT

Figuring "it can't hurt", I just applied for a CLI on my QS1 before my first statement even cut. It was issued with a limit of 500 against FICO scores in the 600s, now all are 700. I've put about $1300 through it (paying it off frequently) since I got it about 3 weeks ago (First statement is on the 12th).

The last negative has dropped off my CR (100pt gain since getting the card), and my income has gone up by over 50% due to a raise at work.

Got the notice they're reviewing and it'll take 2-3 days. Assuming it won't go through, but figured it'd be pretty funny if it does, no?

Anyone ever successfully pulled this move?

Re: Cap1 CLI before first statement?

CreditCuriosity — Fri, 07 Aug 2015 21:53:21 GMT

2-3 days is denial 99% of the time... It was only a SP and no harm/foul and can try monthly until you get one.

Re: Cap1 CLI before first statement?

Anonymous — Fri, 07 Aug 2015 21:54:36 GMT

Yeah, that was my way of thinking as well. I should have just waited until now to apply in the first place, but wanted to have it before going on a trip where I was going to be renting a car for the protection offered by the car.

Re: Cap1 CLI before first statement?

CreditCuriosity — Fri, 07 Aug 2015 21:59:05 GMT

If you have gained 100 points and your last baddy has fallen off you might want to try Chase's Pre-Qualification site along with Citi's and see if you have any offers! Chase and Citis are pretty solid! I kinda missed that part of you gaining 100 points and last baddy falling off!

Re: Cap1 CLI before first statement?

Anonymous — Fri, 07 Aug 2015 22:09:25 GMT

It is possible to get a CLI before your first statement. I did. QS1 was originally $3,000 and went up to $9,000.

Re: Cap1 CLI before first statement?

Anonymous — Fri, 07 Aug 2015 22:26:12 GMT

I'm definitely hoping to get a Chase card down the road, but they bought out the source of the last baddie and it was on my record as a Chase default, so I figure I'm on some sort of blacklist for a while…

Re: Cap1 CLI before first statement?

Anonymous — Fri, 07 Aug 2015 22:27:03 GMT

@Anonymous wrote:
It is possible to get a CLI before your first statement. I did. QS1 was originally $3,000 and went up to $9,000.

Re: Cap1 CLI before first statement?

Anonymous — Fri, 07 Aug 2015 22:30:33 GMT

unfortunately they'll deny it probably because they're using their last pull on you which was 100 points worse. you can do a hardpull so they can view your new credit profile though

Re: Cap1 CLI before first statement?

Anonymous — Fri, 07 Aug 2015 23:35:52 GMT

It was instant via automated phone system.

Re: Cap1 CLI before first statement?

OmarGB9 — Sat, 08 Aug 2015 09:10:13 GMT

Most likely denial since they have virtually no history with the account to go off of, plus as someone mentioned earlier, their most recent SP would be the same one as when you were approved probably.

Re: Cap1 CLI before first statement?

Anonymous — Mon, 10 Aug 2015 23:51:43 GMT

@OmarGB9 wrote:
Most likely denial since they have virtually no history with the account to go off of, plus as someone mentioned earlier, their most recent SP would be the same one as when you were approved probably.

Yup, they just said the account is too new. I'll try again in a couple of months and see what happens then.

Re: Cap1 CLI before first statement?

CreditMagic7 — Mon, 10 Aug 2015 23:54:18 GMT

@Anonymous wrote:
@OmarGB9 wrote:
Most likely denial since they have virtually no history with the account to go off of, plus as someone mentioned earlier, their most recent SP would be the same one as when you were approved probably.

Yup, they just said the account is too new. I'll try again in a couple of months and see what happens then.

They'll come through for you in their own time and it will make a difference then

Re: Cap1 CLI before first statement?

Anonymous — Tue, 11 Aug 2015 00:55:05 GMT

It will definitely come. I tried on my QS1 during the first month and was denied. Then I tried again Saturday morning after my 3rd statement had cut. Was instantly given $1000 CLI which is already more than my guaranteed credit steps increase I will receive in the 6th month. Congrats on getting your score up 100 puts. It will pay off soon!