topic Re: GEMB CLI timelines? in Credit Cards

GEMB CLI timelines?

Anonymous — Sat, 24 Apr 2010 18:00:56 GMT

Ok--got a Sam's Discover in June 2009 and in December, I got a $1000 CLI ($5400 total). I'd like to hit the button, but I don't want to do it prematurely. In your collective experiences, what seems to be their CLI schedule--3, 4, 6, 12 months?

Re: GEMB CLI timelines?

ALP — Sat, 24 Apr 2010 18:53:27 GMT

Every four statements! Saying four months can cut it short and you can get denied for requesting a CLI too soon after you last...so best to try to time it about 2-5 days after every fourth statement cuts.

Re: GEMB CLI timelines?

Anonymous — Sun, 25 Apr 2010 18:08:43 GMT

Clicked...FAIL

7-10 day letter will follow. Actually, that happened to me the last time then I got a letter saying it was an error. Meh.

Re: GEMB CLI timelines?

tray — Sun, 25 Apr 2010 20:13:59 GMT

Same thing happen to me the other day, I think GEMB is being very stingy nowadays with cli's I tried my walmart, and jcpenny. These are the only 2 GEMB accounts that I have and will not waste my time with anymore accounts with this bank.

Re: GEMB CLI timelines?

moonman — Mon, 26 Apr 2010 01:34:45 GMT

try after every fourth payment and then try because if you try it without making anykind of payment for four months, you will recieve a letter stating so. i receive cli's like clockwork

after my fourth payment on all my gemb accounts.

Re: GEMB CLI timelines?

Anonymous — Mon, 26 Apr 2010 12:34:47 GMT

@moonman wrote:
try after every fourth payment and then try because if you try it without making anykind of payment for four months, you will recieve a letter stating so. i receive cli's like clockwork
after my fourth payment on all my gemb accounts.

So I should use the card every month, make a payment, then I'll see results?

Re: GEMB CLI timelines?

Anonymous — Mon, 26 Apr 2010 13:40:56 GMT

They are still giving CLI's. I just hit the button on my Walmart store card and got a $100 CLI.

Re: GEMB CLI timelines?

moonman — Mon, 26 Apr 2010 21:39:33 GMT

@Anonymous wrote:

@moonman wrote:
try after every fourth payment and then try because if you try it without making anykind of payment for four months, you will recieve a letter stating so. i receive cli's like clockwork
after my fourth payment on all my gemb accounts.
So I should use the card every month, make a payment, then I'll see results?

yes after making payments for four consecutive months that is their standard for cli's,it might be small at times but i get cli's everytime.

Re: GEMB CLI timelines?

Anonymous — Tue, 27 Apr 2010 12:36:59 GMT

@moonman wrote:
yes after making payments for four consecutive months that is their standard for cli's,it might be small at times but i get cli's everytime.

I don't recall receiving the last CLI under those conditions, rather, they did hint there wasn't enough payment history in a letter. Really, I use the card sporadically and took it because it was a preapproval at the checkout. I'm done applying for cards and now I'm just trying to push the limits up.

Re: GEMB CLI timelines?

Anonymous — Tue, 27 Apr 2010 12:57:32 GMT

I pushed the button on my GEMB Chevron/Texaco card after 6 statements. Got a rejection letter and was like "what!" since I have a flawless credit history. BUT, when I got the letter, it was just saying they needed to verify income first. And that was easy, I called a number, told them my income (didn't have to fax or mail anything), and bam, from $2500 to $5000 effective instantly, no hard pull either.

Re: GEMB CLI timelines?

moonman — Tue, 27 Apr 2010 14:58:57 GMT

I have a Chevron card(cli last week) a Dillards card and a Walmart card(too which i just got a cli after my fourth payment ) and every one of them i get cli's after every fourth payment. as a matter of fact, i have not used my dillards card in over a year and hit the luv button and still got a cli. i guess YMMV with them but this held true for me everytime and i have had these accounts for a few years now.

Re: GEMB CLI timelines?

konabill — Tue, 27 Apr 2010 16:12:51 GMT

OK, I just hit the "request an increase" button on my Walmart card ( 6 month old GEMB card) and received the following message:

"We apologize for the inconvenience, but we cannot process a credit limit increase online for this account.

We are not able to process your request online at this time. Please contact customer service."

Is this common? It does not appear to be a denial. Any ideas?

Re: GEMB CLI timelines?

ralbusta — Wed, 28 Apr 2010 20:24:02 GMT

I just got a cli on my amazon store card from $1200 to $1450. Not a lot but I just opened the card in Nov.

I put about $600 thru it in that time and made 3 payments, but 4 statements have cut, if that helps.

Re: GEMB CLI timelines?

Anonymous — Tue, 04 May 2010 12:29:37 GMT

So I get my letter:

GE MONEY BANK has reviewed your request to increase the amount of credit or to make additional purchases on your Sam's Club DIscover account.

At this time, we are unable to approve your request due to insufficient experience at your current credit limit.

Blah blah blah.

This is sort of funny as I've had the card about 11 months and I've had my current credit limit since the beginning of December. I don't carry a balance and I use the card sporadically. Seems there is no hard and fast rule with GEMB.

Re: GEMB CLI timelines?

tray — Tue, 04 May 2010 14:05:05 GMT

@Anonymous wrote:
So I get my letter:

GE MONEY BANK has reviewed your request to increase the amount of credit or to make additional purchases on your Sam's Club DIscover account.

At this time, we are unable to approve your request due to insufficient experience at your current credit limit.

Blah blah blah.

This is sort of funny as I've had the card about 11 months and I've had my current credit limit since the beginning of December. I don't carry a balance and I use the card sporadically. Seems there is no hard and fast rule with GEMB.

I recieved the same comment when a requested an increase on my walmart cc, I have had the card for 4 months now pay multiple payments every month, and spend alot of money in this store, what a phony comment from GEMB just say no cli at this time well all I can say now, my other credit cards will be getting more business

Re: GEMB CLI timelines?

Anonymous — Mon, 10 May 2010 12:49:03 GMT

I received my Walmart Discover in June 2008. I got my first CLI in December 2008, then my next in August 2009 and my third in March 2010. I've never been able to get a CLI at 4 months after the previous one, but 6-8 months usually works (for reasons unknown to me).

Re: GEMB CLI timelines?

Anonymous — Mon, 10 May 2010 14:12:01 GMT

I guess I'll wait it out. 1 year will be in June so I may try then. I don't need it, but I think now I'm more interested in getting as many lines as I can to 10K or more.

Re: GEMB CLI timelines?

favor4me2 — Tue, 11 May 2010 00:45:08 GMT

I have three GE cards, Walmart, Chevron Visa and Dilards. I get regular increases every four months from Walmart and Dilards but I can't seem to get an increase from Chevron. I hit the luv button at 4 and 6 mos and always the response is not enough experience at the current amount. I hit the luv button again and they had the nerve to tell me that they denied it because of information on my cr stating BK. I'm confused because I had the BK when I was approved for all of their cards.

Re: GEMB CLI timelines?

Anonymous — Tue, 11 May 2010 00:56:43 GMT

@favor4me2 wrote:
I have three GE cards, Walmart, Chevron Visa and Dilards. I get regular increases every four months from Walmart and Dilards but I can't seem to get an increase from Chevron. I hit the luv button at 4 and 6 mos and always the response is not enough experience at the current amount. I hit the luv button again and they had the nerve to tell me that they denied it because of information on my cr stating BK. I'm confused because I had the BK when I was approved for all of their cards.

HI favor,

If I remember right, Chevron put up a BK comment on their website sometime in the last year or so - so their policy may have changed since you opened your card. Good news is they're not making it retro-active!

My Dillards card also does CLI's at four months - I asked a month early and no-go. Waited a month til the four months hit and got a nice CLI. They did do a hard pull after the Feb 22 card law was enacted.

Re: GEMB CLI timelines?

jefftca925 — Sat, 22 May 2010 15:38:18 GMT

I just tried on my Gap Visa last night and it wouldn't go through. I opened the acct in Jan 2010 and have used it every month for small purchases and PIF. Just got my 4th statement so I thought it would work. Looked back in my history and for some reason they don't show any transactions for my first month...hmmm.