topic Re: How high do the limits go on overstock/comenity in Credit Cards

How high do the limits go on overstock/comenity

mrldp40 — Sun, 24 Dec 2017 15:18:58 GMT

I started in March 2016 with 250 now I'm at 4050. It's growing fast. Do y'all know what there max line is? Thanks Merry Christmas

Re: How high do the limits go on overstock/comenity

trant3 — Sun, 24 Dec 2017 15:56:23 GMT

it keeps going until they shut you down

Re: How high do the limits go on overstock/comenity

rprisco — Sun, 24 Dec 2017 16:39:32 GMT

OP, I opened overstock via stc back in Aug. I think my sl was 1k, it is now at $8100 through sp website increases. I anticipate that every 31 days it will continue to grow. I think it's safe to say ur card will grow.

Re: How high do the limits go on overstock/comenity

pipeguy — Sun, 24 Dec 2017 18:27:21 GMT

@mrldp40 wrote:
I started in March 2016 with 250 now I'm at 4050. It's growing fast. Do y'all know what there max line is? Thanks Merry Christmas

Given the history of Comenity some of their cards can get way up there. That said given the typical APR of a Comenity card, these cards should be paid in full each and every months or any benefit is lost to paying high interest. With a $4k current limit, I'd suggest you have a high enough usable limit so I'd look to real bankcards for high limits rather than a lender like Comenity.

Comenity is also well known to "shut everything down" and close accounts for no good reason such as late payments or other defaults - they don't like pay in full every month, so it kind of defeats the purpose of having any card through this lender.

My wife has a BJ's card (MC/V) through Comenity with a $12,800 limit, I refuse to have ANY card through them (with cause after they shut down my Total Rewards card with a perfect payment history), but we also have a Sams Club MC (Sync $10k) and Costo ($12k Visa Citi) card - all are PIF every month.

Re: How high do the limits go on overstock/comenity

rprisco — Sun, 24 Dec 2017 19:27:01 GMT

OP, I'm no expert, but I've never had a problem I rarely use the cards and when i do, I push a pif immediately, usally the same day and again I have had no problems. I think from what I've read here, not always but in many cases, having both a visa and or Mastercard and store cards seem to significantly raise the odds of having all cards shut down, lots of new inquiries can also do it. But because you never know, never carry a balance and try to pif b4 statement cuts, that way, in the unfortunate chance a major shut down occurs, all that is reported is a zero balance on a closed account.

Many folks have stacks of these cards. I believe the issues are profile specific and in the OP situation, good responsible use of those cards and all others is all ya can do and like all credit cards try not to carry a balance and in my case I made a choice visa/Mastercard or store cards, I chose store cards.
You betcha ya, I would fully expect all creditors to possibly react to any new negative activity. They most likely know your basic relevant profile via HP and SP when approved.

Congrats btw.

Re: How high do the limits go on overstock/comenity

Anonymous — Sun, 24 Dec 2017 21:33:17 GMT

My limit is $14,800 and I stopped asking for CLIs 2 years ago.. I'm sure they would go much higher if I asked.

Re: How high do the limits go on overstock/comenity

Gmood1 — Sun, 24 Dec 2017 22:09:23 GMT

@Anonymous wrote:
My limit is $14,800 and I stopped asking for CLIs 2 years ago.. I'm sure they would go much higher if I asked.

Being that you're not exactly a mere mortal Irish, yours doesn't count. lol

I noticed they SP my EQ about every six months. Sometimes when I go to the site I get a pop up about the card. I haven't tried applying for it as yet though.

Re: How high do the limits go on overstock/comenity

BurgeoningHope — Mon, 25 Dec 2017 08:06:45 GMT

Those of you with the increasing limits, how do you use your cards? My original limit was in the range of $4k, and I've never even come close. I've used it lightly (compared to that limit!) but semi-consistently.

I usually run 2-3% util; with recent spending both planned and emergency I'll top 10% for about a month. I wouldn't mind more room. Should I try the SP button, or would that set off alarm bells?

Re: How high do the limits go on overstock/comenity

Loquat — Mon, 25 Dec 2017 10:43:45 GMT

I started at $2k and my card topped out at $4300. For some reason it they wouldn't increase it anymore and I finally sent it to the grave about a year ago...

Re: How high do the limits go on overstock/comenity

AverageJoesCredit — Mon, 25 Dec 2017 14:04:44 GMT

Op, dont own Overstock but 2 Jewelery accounts that started at 3k now at $6250. This are on the chopping block . But with Comenity, i would look at where you need it to be as opposed as to high it can get. As your profile matures, perhaps like me, youll start realizing which cards are worth getting cli and which are not.

Comenity majors can cause problems as they add more account scrutiny but just getting alot of store cards too can have same effect. Only takes one person having a bad day lol to make yours unpleasant too.

Doing great though Mrlp40