topic Re: util factor in CLI in Credit Cards

util factor in CLI

jcstarkey8826 — Thu, 03 Jan 2013 21:35:39 GMT

just wondering what my util should be under to ask for a CLI with WM. I've heard that on your fourth statement you can request one, but my util is around 65% ( I dont have a balance on the store card and not high balances on the CCs, but carry a balance on my kays card that brings it up)

Should under 50% be ok? or should I go lower?

Re: util factor in CLI

Anonymous — Thu, 03 Jan 2013 21:41:16 GMT

You're always better off lowering the Util as much as you can before asking for a CLI but honestly, if you're paying on time and there are no other negs you should be ok in getting at least a moderate bump from WM.

Best part of requesting a CLI with GE cards is it's a SOFT pull and if they deny you you'll get a letter with the reason(s) so you can fix the issues.

Re: util factor in CLI

jcstarkey8826 — Thu, 03 Jan 2013 21:43:15 GMT

@Anonymous wrote:
You're always better off lowering the Util as much as you can before asking for a CLI but honestly, if you're paying on time and there are no other negs you should be ok in getting at least a moderate bump from WM.

Best part of requesting a CLI with GE cards is it's a SOFT pull and if they deny you you'll get a letter with the reason(s) so you can fix the issues.

yeah, I would love to pay the ring off, but with my toy limits and carrying a 2k balance on that card its messing with my util. Which is why i wanted to CLI my WM to help with that. The fact that it is a SP makes it a good option, I just didnt know how sensitive they were to util.

Re: util factor in CLI

creditnocash — Thu, 03 Jan 2013 22:03:17 GMT

i would ask for alot as from what i heard they counter.

not sure about the util questions since i asked for all my cli before christmas shopping...

Re: util factor in CLI

youngandcreditwrthy — Fri, 04 Jan 2013 03:37:26 GMT

WM gave me clis, and I kept it nearly maxed out the first year or two! Haha And I got the Discover upgrade and a $10,000 limit within theee years of having the account!!
Best of luck :-)

Re: util factor in CLI

jcstarkey8826 — Fri, 04 Jan 2013 14:28:38 GMT

@youngandcreditwrthy wrote:
WM gave me clis, and I kept it nearly maxed out the first year or two! Haha And I got the Discover upgrade and a $10,000 limit within theee years of having the account!!
Best of luck :-)

WOW! thats impressive lol I bought a TV and paid it off. Then put a few items on the card, but dont currently carry a balance. I didnt know if they would look at overall util and just decline it for anything over a certain percentage. Im trying to CLI to help with util, these toy limits are driving me mad. Ive been patiently waiting for a year now and have made tons of progress, but no CLIs

Re: util factor in CLI

jsickz32 — Fri, 04 Jan 2013 14:43:28 GMT

877 379 8173 call this number and try.

Re: util factor in CLI

jcstarkey8826 — Fri, 04 Jan 2013 15:54:49 GMT

Just logged into WM to check on the card and saw they gave me an auto CLI!!!! only $200 bump to $800 CL now, but hey, I'll take it!!!!

Re: util factor in CLI

jsickz32 — Fri, 04 Jan 2013 15:58:03 GMT

Congrats!

Re: util factor in CLI

chnceit — Fri, 04 Jan 2013 16:04:50 GMT

Congrats! But don't stop there, call WM and ask for a manual review to get a higher CLI! GE is great with this