topic Re: How frequently would the US Bank AR receive auto CLI? in Credit Cards

How frequently would the US Bank AR receive auto CLI?

xenon3030 — Wed, 31 Jan 2024 03:16:40 GMT

A few months ago, I PCed my Cash+ to AR with a CL of 13k. A few days ago, it silently received an auto CLI and the CLI bumped to 18k.

How frequently would the US Bank AR receive auto CLI? Does it depend on the large spends that I place on the card and PIF? Or does it depend on using the card frequently for daily expenses?

I have the other US Bank cards while the CL of two were stuck to 5k and 10k for a few years.

Re: How frequently would the US Bank AR receive auto CLI?

NoHardLimits — Wed, 31 Jan 2024 17:56:01 GMT

I can contribute one data point for you. I received one CLI 13 months after opening my Altitude Reserve account. This occurred one month after an unusually large volume of purchases. Previous CL was $20k; purchased $6k; new CL was $25k.

I have two other non-AR cards with US Bank, neither of which has ever received any CLI. A $20k limit card's largest monthly volume was $2k, and a $10k limit card's largest monthly volume was $3k but those were mostly due to meeting the minimum spend requirements for the SUBs.

Re: How frequently would the US Bank AR receive auto CLI?

xenon3030 — Wed, 31 Jan 2024 20:38:51 GMT

I had a 4k spend on the AR card some days ago and I am wondering whether such transaction possibly triggered the atuo CLI.

I have small monthly spends on the other cards (~$100) that might explain the reasons that such cards did not grow.

Re: How frequently would the US Bank AR receive auto CLI?

Anonymous — Wed, 31 Jan 2024 19:55:48 GMT

I have had the AR for several years (6?) and have not received a CLI. I put ~ $50K a year on it. My much less used Cash+ did get an auto-CLI at some point.

Re: How frequently would the US Bank AR receive auto CLI?

CYBERSAM — Wed, 31 Jan 2024 20:02:02 GMT

@Anonymous wrote:
I have had the AR for several years (6?) and have not received a CLI. I put ~ $50K a year on it. My much less used Cash+ did get an auto-CLI at some point.

@Anonymous

what is your CL on that AR if you don't mind me asking?

Re: How frequently would the US Bank AR receive auto CLI?

Anonymous — Wed, 31 Jan 2024 20:03:08 GMT

@CYBERSAM wrote:
@Anonymous wrote:
I have had the AR for several years (6?) and have not received a CLI. I put ~ $50K a year on it. My much less used Cash+ did get an auto-CLI at some point.
@Anonymous
what is your CL on that AR if you don't mind me asking?

Not huge! $23K

Re: How frequently would the US Bank AR receive auto CLI?

Turbobuick — Wed, 31 Jan 2024 20:36:56 GMT

They issued my cash+ card perhaps 18 months ago. It came with 16K limit and hasn't changed. I haven't request more and I don't expect more. I will never use even a fraction of what I have now for my utilities, etc.

Re: How frequently would the US Bank AR receive auto CLI?

IntegerIntrovert — Wed, 31 Jan 2024 23:37:52 GMT

I've never gotten a auto CLI on any of my USB cards. Heavy use always. I'm considering moving away from USB because I can't grow the limits.

Re: How frequently would the US Bank AR receive auto CLI?

CorpCrMgr1 — Wed, 31 Jan 2024 23:57:45 GMT

Totally agree on the non AR cards. Never received a CLI. Somewhat light usage, always PIF. Must admit I never requested an increase.

Re: How frequently would the US Bank AR receive auto CLI?

Anonymous — Thu, 01 Feb 2024 00:05:26 GMT

@IntegerIntrovert wrote:
I've never gotten a auto CLI on any of my USB cards. Heavy use always. I'm considering moving away from USB because I can't grow the limits.

But.. with my normal "growth isn't everything" message, consider if the cards are useful as is. If you are getting decent rewards and are not near the limit, they might be as good as any "growth" card.

i.e. Cards don't need to grow (IMO, a myfico disease!) to be useful.

Re: How frequently would the US Bank AR receive auto CLI?

Traveler101 — Thu, 01 Feb 2024 00:52:45 GMT

@Anonymous wrote:
@IntegerIntrovert wrote:
I've never gotten a auto CLI on any of my USB cards. Heavy use always. I'm considering moving away from USB because I can't grow the limits.
But.. with my normal "growth isn't everything" message, consider if the cards are useful as is. If you are getting decent rewards and are not near the limit, they might be as good as any "growth" card.

i.e. Cards don't need to grow (IMO, a myfico disease!) to be useful.

While some benefits can be useful, it can be just as important to have a workable cl. Mine is stuck at 5k. I opened another before this, opening cl 36200. That wasn't even showing at time of USB app.

I've opened 2 afterwards, opening cls, 24 and 25k. Increased cl already on 2 of 4 via sp. One is now 40, the other 34 and close to being able to ask for another.

Last week I bought a new car and chose bcu. The loan officer and I were having a discussion on how I pay bills. She said I was exceptional. When I have a balance report of 4 or 5k, I pay in full and it shows.

Underwriters should be able to see and determine you can easily handle a higher limit, with scores, dti and all factors figured in. But USB is hot on the printer with balance transfer checks if they see a balance report. Let me ask, would you transfer a 5k balance to a 5k limit card? If they can see how you pay your bills, how much you spend with other lenders, one would think they would want to cater to that person to a certain extent and make some money off processing fees, potential interest if one were to carry a balance short term.

Mine is on the chopping block for this year.

Re: How frequently would the US Bank AR receive auto CLI?

xenon3030 — Sat, 03 Feb 2024 23:10:46 GMT

I received a letter from US Bank by mail today congratulaing me and mentioning that "in recogntion to the exceptional way that I handled my account" they bumped up my CL

I wish that it such recognitions would not be a single time achievements and they would do it in future as well.