topic Re: learning about CLI in Credit Cards

learning about CLI

Anonymous — Tue, 19 Mar 2019 15:49:46 GMT

Just want to start by saying that this board has been huge in helping me get to where I am at and I use the search function regularly!

Not sure what info you guys will need to help me or steer me in the right direction but here goes!

I would like to start increasing my limits on a couple cards and want to know the best way to go about it

i currently have

credit union visa card 10k limit 8K balance

home depot x2 5K balance 3.5K balance (2 yr 0% int)

victoria secret (with wife) 0 balance 500 limit

paypal mastercard 2000 limit 0 balance (recent auto CLI)

discover it 4600 limit 2900 balance (couple auto CLI's)

chase CSP 8500 limit 600 balance

b of A cash rewards 5000 limit 1K balance (recent CLI from 2K)

Cap1 quicksilver 1000 limit $400 balance

I have a credit line through alaska USA 5K limit 0 balance. also have a mortgage and a couple car payments. I also have a couple other installment accounts. I do have a closed acct (PIF) from B of A from 4 years ago that they wont take off, ive tried and tried! and a couple 60 day lates but PIF from years ago as well. I havent made a late payment on anything in 4 years (since I started taking credit seriously). I want to get my limits on my cards up, not that I need the credit just for peace of mind mostly. Whats the best avenue to take? Discover and B of A credit tracker has me at 705 and 712 FICO. but still says serious deliquency from the closed account i assume. I can easily pay off the balances on most cards (except the 8k). What other info do you guys need to help me?

i recently asked for CLI on cap1 and paypal mastercard, both have had 3 statements cut and cap1 said acct too new and waiting for response from paypal.

Re: learning about CLI

dynamicvb — Tue, 19 Mar 2019 18:29:13 GMT

You are probably going to need to reduce some balances before you are going to have a lot of luck with CLI's. Discover has been good about growing with me, but I'm not sure you will have a lot of luck until some of that balance is paid down. Most of the companies don't' really like to grant additional credit limits when you already owe them.

Re: learning about CLI

HeavenOhio — Tue, 19 Mar 2019 18:43:46 GMT

What are the limits on your Home Depot Cards?

Re: learning about CLI

Anonymous — Tue, 19 Mar 2019 18:49:58 GMT

$500 with 0 balance and $5000 with 3500 balance.

Re: learning about CLI

xaximus — Tue, 19 Mar 2019 19:44:12 GMT

I would definitely try to bring your balances down and then give it atleast 30-60 days for all of your reports to update. Once your UTI comes down, that should open up more avenues in getting CLIs.

Re: learning about CLI

Anonymous — Tue, 19 Mar 2019 20:14:23 GMT

quick question

Discover recently auto increased me another 1K, i went in the same day and asked for a cli and they offered another $200, i cancelled obvioulsy because I am seeking a higher cli. will it hurt me to accept the $200 now? can i ask again next month for another cli?