topic Re: Credit Line Increase in Credit Cards

Credit Line Increase

corymcd88 — Tue, 25 Dec 2018 17:21:39 GMT

Do banks get spooked by CLI request if you have a lot of credit with them? They are always declined as they want to do a HP for the CLI. I'm talking about Citi, BOA, Discover.

Re: Credit Line Increase

CreditInspired — Tue, 25 Dec 2018 17:41:47 GMT

I think it depends on other factors such as income, DTI ratio, UT, and payment history.

When I requested a CLI on my CitiDC and CitiCostco, my letter stated that I had already reached the maximum amount they would allow without a HP. YMMV

Re: Credit Line Increase

K-in-Boston — Tue, 25 Dec 2018 17:56:59 GMT

Agree all around. Credit score can also be a factor.

Re: Credit Line Increase

corymcd88 — Tue, 25 Dec 2018 18:03:28 GMT

@K-in-Boston wrote:
Agree all around. Credit score can also be a factor.

760 FICO ish all three.

Re: Credit Line Increase

Priory_Man — Tue, 25 Dec 2018 18:45:53 GMT

I'm not sure about the other two you mentioned but BOA only does a SP for the CLI, if you have a good relationship with them, they will even give you an increase even if you are carrying a balance, I know this from experience. Ask for more than you need and let them counter.

Re: Credit Line Increase

corymcd88 — Tue, 25 Dec 2018 18:54:39 GMT

I think people are missing my question. If you ask for a CLI on Citi, BOA, Comenity on a monthly basis will that cause any heads turning with the banks?

Re: Credit Line Increase

Remedios — Tue, 25 Dec 2018 18:58:58 GMT

@corymcd88 wrote:
I think people are missing my question. If you ask for a CLI on Citi, BOA, Comenity on a monthly basis will that cause any heads turning with the banks?

It can, depending on a profile, which is the point everybody else is making.

Assuming CLI is granted, asking again next month will usually get you nothing.

Re: Credit Line Increase

Anonymous — Tue, 25 Dec 2018 21:03:08 GMT

Discover recently gave me an auto CLI from 13-15k with the card at 40% util. I had the card for roughly 6 months at the time and have no other relationship with them.

I pay 4-600 a month on the card and I'm in into 0% for another 8 or so months.