topic Re: Have you stopped receiving CLIs? in Credit Cards

Have you stopped receiving CLIs?

masscredit — Sun, 11 Sep 2016 17:29:13 GMT

I think I've reached the end of receiving CLIs. Or, they will be much less frequent. My Cap1 cards used to receive an increase every 6 months. Now I get the "we'll let you know" message when I hit their Luv Button. That results in a "no" answer. My Barclay cards haven't seen an increase in over a year and I'm not even going to think about poking the Synchrony bear anymore. Very happy with those credit lines. The last one is Merrick, that really doesn't grow much. I think Barclay might grow a little more but that's about it.

Re: Have you stopped receiving CLIs?

Anonymous — Sun, 11 Sep 2016 17:49:30 GMT

I have that same feeling... Cap 1 offered me a $250 CLI on my QS. And no go on my Venture, said not using enough use of existing line. I declined the QS CLI and did a BT to the Venture. I'm gonna try again after my next statement. I won't try Sync and got my first no go on my PB card. No luck on my Citi DC either. I guess this kind of signals the end of a build or rebuild. Time to let things age.

It's hard after 2 solid years of adding cards and CLI's to reach the point of " I have enough". Happy and Sad. There is always a sense of excitement waiting to see the outcome of an application or CLI.

Re: Have you stopped receiving CLIs?

Anonymous — Sun, 11 Sep 2016 18:49:09 GMT

@masscredit, have you thought about combining your Cap 1 cards? If I were in your shoes I'd rather have one $50K card with them than 4 lower limit cards.

Might be time for you to start relationships with other banks or CUs that are more CLI-happy (NFCU, PenFed, Amex, Discover come to mind)

Re: Have you stopped receiving CLIs?

Anonymous — Sun, 11 Sep 2016 19:39:07 GMT

Pretty much I have ya. Hit my internal limit with Discover, Amex is high enough. Everywhere else requires HP which I'm not going to give up. I've never gotten an auto increase on any card, ever. The Citi every 6 months SP might roll for a while but I have a feeling that isn't going to run much further either.

Re: Have you stopped receiving CLIs?

disdreamin — Sun, 11 Sep 2016 20:12:08 GMT

It's been a long time since I can recall receiving a CLI that wasn't requested. I've gotten some SP ones from AmEx, Chase and Citi, but I'm at the point where I think HP would be required. Thus, I'm done with CLI for the time being.

Re: Have you stopped receiving CLIs?

wasCB14 — Sun, 11 Sep 2016 20:38:48 GMT

I stopped requesting CLIs a bit over a year ago...and rarely asked, then.

My 1040 income varies a lot (since a business has a separate return) so what I claim during apps is conservative. I'm at risk of CLIs crowding out new accounts (and bonuses) by having too much credit vs. easily proven income.

Re: Have you stopped receiving CLIs?

Gmood1 — Sun, 11 Sep 2016 20:46:43 GMT

Mine are still rolling in. I'm pretty much topped out with Cap One and PenFed.
Amex, BofA, Synchrony, USAA, Navy Fed, Citi and Discover may still have some life left. Just received two CLI's last week. HP's don't bother me when I get positive results. Took a HP for BofA just over a week ago. My TU actually went up a few points. I was expecting the opposite. Lol

Re: Have you stopped receiving CLIs?

Vegas4Play — Sun, 11 Sep 2016 21:54:37 GMT

@Anonymous wrote:
I have that same feeling... Cap 1 offered me a $250 CLI on my QS. And no go on my Venture, said not using enough use of existing line. I declined the QS CLI and did a BT to the Venture. I'm gonna try again after my next statement. I won't try Sync and got my first no go on my PB card. No luck on my Citi DC either. I guess this kind of signals the end of a build or rebuild. Time to let things age.

It's hard after 2 solid years of adding cards and CLI's to reach the point of " I have enough". Happy and Sad. There is always a sense of excitement waiting to see the outcome of an application or CLI.

The above is what gets me into trouble

I havent requested an increase on any cards other than Cap1 last month and they only offered $750...refused it 6-8 times. I guess they got tired of me hitting the button weekly so after my last push. They said "we will review your request give us 7-10 days". Then 2 days later they send an email that states we increased your limit by guess what ??? $750. I jumped for joy (not). I'm like how dare they just force that on me.

Anyway I guess I have reached the limit they will allow me internally.

Re: Have you stopped receiving CLIs?

masscredit — Sun, 11 Sep 2016 21:55:45 GMT

@Anonymous wrote:
I have that same feeling... Cap 1 offered me a $250 CLI on my QS. And no go on my Venture, said not using enough use of existing line. I declined the QS CLI and did a BT to the Venture. I'm gonna try again after my next statement. I won't try Sync and got my first no go on my PB card. No luck on my Citi DC either. I guess this kind of signals the end of a build or rebuild. Time to let things age.

It's hard after 2 solid years of adding cards and CLI's to reach the point of " I have enough". Happy and Sad. There is always a sense of excitement waiting to see the outcome of an application or CLI.

The reasons that Cap1 gave me last month and today are -

Based on your credit lines with Capital One, your credit score isn't high enough for an increase. This was for the two cards that I tried on. I guess I need higher than the 725-732 range to go about $50K with them?

Last month they also gave this reason for one of my requests -

Your average monthly payment has been too low. Payment had been many times the minimum. I was carrying a balance to take advantage of their 0% promo offer. Paid that off last week to see if it would help with an increase.

Re: Have you stopped receiving CLIs?

masscredit — Sun, 11 Sep 2016 22:07:57 GMT

@Anonymous wrote:
@masscredit, have you thought about combining your Cap 1 cards? If I were in your shoes I'd rather have one $50K card with them than 4 lower limit cards.

Might be time for you to start relationships with other banks or CUs that are more CLI-happy (NFCU, PenFed, Amex, Discover come to mind)

I've been trying to combine my Cap1 cards for about a year. No luck yet. I thought about getting one more card but I really don't need it. I would consider applying for one more if there was a good chance of getting at SL of at least $20K.

My main goal for my cards was to have at least $100K in available credit. I accomplished that earlier this year (at $108,900.) It would be nice if they keep growing but I won't lose any sleep if they don't.

Re: Have you stopped receiving CLIs?

Anonymous — Sun, 11 Sep 2016 23:46:43 GMT

I've stopped receiving any luv from Synchrony. I can't seem to get my Walmart store card past $6k and my Ebates has been stuck at $8k. The denial letters say "not enough experience at current credit limit". I've been using both cards a bit more and PIF. My Walmart card turns one year old later on this month... I will try again for a CLI at that time. Not trying to poke the bear too much because I do not want to see the infamous blue envelope in my mailbox.

Discover has told me the same thing this account is only 7 months old but have received two $500 CLI so I will take it. Focusing on SP for now. Once I close on this house (hopefully this week) I will go for a few CLI that require HP.... Chase, BoA, etc.

Re: Have you stopped receiving CLIs?

Anonymous — Mon, 12 Sep 2016 00:26:56 GMT

I don't get any... Maybe it has to do with the fact that I just simply don't spend a whole lot of money over a span of a year ?

Re: Have you stopped receiving CLIs?

SouthJamaica — Mon, 12 Sep 2016 01:10:12 GMT

@Anonymous wrote:
I have that same feeling... Cap 1 offered me a $250 CLI on my QS. And no go on my Venture, said not using enough use of existing line. I declined the QS CLI and did a BT to the Venture. I'm gonna try again after my next statement. I won't try Sync and got my first no go on my PB card. No luck on my Citi DC either. I guess this kind of signals the end of a build or rebuild. Time to let things age.

It's hard after 2 solid years of adding cards and CLI's to reach the point of " I have enough". Happy and Sad. There is always a sense of excitement waiting to see the outcome of an application or CLI.

Me too.

Re: Have you stopped receiving CLIs?

sillykitty1 — Mon, 12 Sep 2016 03:20:55 GMT

I'm there too .... CLI's have slowed down.

Amex - I keep getting 4506-t request each time. Last time I kept lowering my requested amount, and was finally given 3.1K, but sure I'm tapped out going forward. (When I did fill out the 4506-t form a year ago, I got declined for any increase at all)

Cap1 - My requests get the "Recent use of this account's existing credit line has been too low", which is accurate

US Bank - Afraid to do the $1.5K request for a SP, with the Fidelity move I'm at $50K in available credit, plus they hold my mortgage, so don't want to poke the bear

Barclay - I've continued to get SP CLI's when I call in to check for an APR reduction, so that might still be alive for me, we'll see

PenFed - No "Offers" for me in over 2 yrs now

I never request HP CLI's, except a year ago I requested a CLI on my JCB, which only has a $4K CL, and gets heavy use. They offered me a $1K increase if I sent in pay stubs. I was in the middle of moving so spending the time mailing in pay stubs wasn't a high priority, so I passed and regretted the HP.

Re: Have you stopped receiving CLIs?

sillykitty1 — Tue, 20 Sep 2016 16:57:41 GMT

@sillykitty1 wrote:
I'm there too .... CLI's have slowed down.

Amex - I keep getting 4506-t request each time. Last time I kept lowering my requested amount, and was finally given 3.1K, but sure I'm tapped out going forward. (When I did fill out the 4506-t form a year ago, I got declined for any increase at all)

Cap1 - My requests get the "Recent use of this account's existing credit line has been too low", which is accurate

US Bank - Afraid to do the $1.5K request for a SP, with the Fidelity move I'm at $50K in available credit, plus they hold my mortgage, so don't want to poke the bear

Barclay - I've continued to get SP CLI's when I call in to check for an APR reduction, so that might still be alive for me, we'll see

PenFed - No "Offers" for me in over 2 yrs now

I never request HP CLI's, except a year ago I requested a CLI on my JCB, which only has a $4K CL, and gets heavy use. They offered me a $1K increase if I sent in pay stubs. I was in the middle of moving so spending the time mailing in pay stubs wasn't a high priority, so I passed and regretted the HP.

Quoting myself here ... apparently I was wrong about CLI's being dead for for me. In the last couple of days I received unsolicited CLI's from both Barclay's and US Bank.

Barclay's:

$5K CLI on my Aviator,

Total Barclay's exposure $29.5K

This was after my 2nd high $ BT, but no other usage

US Bank:

$4.5K CLI on my Cash +

Total US Bank/Elan exposure $54.5K + my mortgage

Minimal usage on my Cash+, all bonus categories

Interestingly my FICO is the lower than many points in my past due to my a new mortgage, and new home related inquiries.

Re: Have you stopped receiving CLIs?

Involver — Tue, 20 Sep 2016 18:10:02 GMT

Haven't had any auto CLIs in quite a while. Just got a couple SP CLIs for my Citi revolvers. Next up is Amex in November but I'm not into taking HPs just for credit lines now. $300k is sufficient.

Re: Have you stopped receiving CLIs?

Anonymous — Tue, 20 Sep 2016 18:39:21 GMT

@masscredit wrote:
I think I've reached the end of receiving CLIs. Or, they will be much less frequent. My Cap1 cards used to receive an increase every 6 months. Now I get the "we'll let you know" message when I hit their Luv Button. That results in a "no" answer. My Barclay cards haven't seen an increase in over a year and I'm not even going to think about poking the Synchrony bear anymore. Very happy with those credit lines. The last one is Merrick, that really doesn't grow much. I think Barclay might grow a little more but that's about it.

You have solid credit limits. It's probably time to chill and focus on your next goal/project.

Re: Have you stopped receiving CLIs?

Anonymous — Tue, 20 Sep 2016 19:09:24 GMT

After getting 10-20k in credit lines, I've stopped asking for increases. I just don't want to have big credit lines anymore. I used to love asking for CLIs, though!