topic Re: JC Penny CLI Question in Credit Cards

JC Penny CLI Question

Anonymous — Tue, 16 Dec 2008 05:08:37 GMT

Can you request a CLI after the 3rd or 4th statement cuts? Also is it better hit the luv button online or talk to a live person on the phone when you request a CLI from JCP?

Re: JC Penny CLI Question

Anonymous — Tue, 16 Dec 2008 11:54:40 GMT

BUMP!

Re: JC Penny CLI Question

LisaJ — Tue, 16 Dec 2008 14:15:13 GMT

MJB, I can't really answer your question, because I have never had to request. JCP CLI's me every three months whether I need it or not. They have been an amazing builder card; although I don't care for GEMB in theory, they have been very good to me.

CLI's are always about $300 for me. I went from $500 to $2600....ummm..in about 2 years,maybe?

Hope this helps somewhat.

Re: JC Penny CLI Question

fishbjc — Tue, 16 Dec 2008 14:39:33 GMT

Go ahead and hit the luv button, you'll probably see +250

Re: JC Penny CLI Question

Anonymous — Tue, 16 Dec 2008 14:56:31 GMT

I believe JC Penny is backed by GEMB. So, you should be able to hit the luv button after the 4th statement cuts.

Tricky part is that they won't cut a statement unless there has been activity on the account.

Re: JC Penny CLI Question

Anonymous — Tue, 16 Dec 2008 15:05:10 GMT

I was somewhat confused cause i heard some people say you can ask after 3 months with JCP an some say 4 cause it's GE but i guess i'm gonna have to wait an see for myself lol

Re: JC Penny CLI Question

Red1Blue — Tue, 16 Dec 2008 17:09:11 GMT

Any GE Backed card including the JC Penny you have to wait for 4 statements where there is balance and you make payments. Then you can apply. You can always press luv button you might get or cli or might not get one. This is pretty standard with any of the GE backed cards.

Re: JC Penny CLI Question

Anonymous — Tue, 16 Dec 2008 18:40:55 GMT

My Sam's card 4th statement just cut after a made a payment it was a no go for a CLI i called an was told sometimes when your a new cardholder they make you wait 6 months before they will grant a CLI. I need to make sure i start to save my statements so i'll no when they get to the magic number 4.

Re: JC Penny CLI Question

ocheosa — Sun, 11 Jan 2009 16:36:26 GMT

Just passed my 4 month payment history mark on JCP/GEMB account (card opened late August) and hit the CLI button; No Go. Called in this morning and after speaking with Credit CSR was transferred to underwriting. Was told the company policy has changed, no longer approving CLI's after 4 month internal history. They will pull a hard for each requested CLI. I asked are you still doing auto CLI's and if yes, at what mark? She said she didn’t know, it would be done randomly, but as of today, she can't really say when.

It's getting chilly out here!! Reps and Analysts very nice, extremely accommodating....but their hands are tied. Weathering out the storm (both figuratively and literally) here in NJ. Glad I chose to aggressively build credit portfolio early 2008, the pocketbooks are definitely now shut!! But YMMV....

Good luck all!

Re: JC Penny CLI Question

elaine829 — Sun, 11 Jan 2009 17:16:03 GMT

I opened my jcpenney card late august last year. I called in nov and csr told me i had to wait till dec 17th. so i called on dec 20 and i got a credit increase of 1200 dollars. I went from a 600 to 1800. Even through it was 4 statement it was worth the wait!!! I always PIF!

Re: JC Penny CLI Question

ocheosa — Sun, 11 Jan 2009 17:26:51 GMT

@elaine829 wrote:
I opened my jcpenney card late august last year. I called in nov and csr told me i had to wait till dec 17th. so i called on dec 20 and i got a credit increase of 1200 dollars. I went from a 600 to 1800. Even through it was 4 statement it was worth the wait!!! I always PIF!

You're lucky!! I also PIF every month. My CL is 4k and the exposure is set at 7.5k, but they want to do a hard pull for CLI ?....not worth it to me. I will just wait out the credit crunch. WIll never use more than $400 any given month so no big deal, was just making the rounds (even though I vowed I wouldn't). And at the same time confirming what so many others on the board have said.