topic Re: How Do Auto-CLIs Happen? in Credit Cards

How Do Auto-CLIs Happen?

masscredit — Thu, 17 Jan 2013 01:20:38 GMT

Does anyone know how auto-CLIs happen? If we try to initiate an increase over the phone, we call in. talk to a person, they ask questions, look over our credit report and then it's either yes or no. But for an auto increase, are their computers programmed to bump the limit up after "x" amount of time if there are no missed payments or are their other factors?

Re: How Do Auto-CLIs Happen?

visorboy1974 — Thu, 17 Jan 2013 01:28:05 GMT

It all depends on the issuer. Some will auto-CLI after 6 months with some use and good history, others will never do it.

Re: How Do Auto-CLIs Happen?

creditnocash — Thu, 17 Jan 2013 01:29:31 GMT

There are factors involved. But as long as you use their card. Keep your reports clean. Pay on time and pif. Depending on what company it is.

ive received them from a couple different companies but yeah.

Re: How Do Auto-CLIs Happen?

CreditWorld2013 — Thu, 17 Jan 2013 01:30:05 GMT

I believe the computer systems include some formula with : Time as an account holder, payment and usage history, etc. I really wish I knew what would make Discover and Citi give Auto-CLIs as I can't seem to find the right formula with them. Any one willing to share their pattern with any of these 2 banks?

Re: How Do Auto-CLIs Happen?

nicholasyud — Thu, 17 Jan 2013 04:20:55 GMT

Most of the time, i guess used your card heavy and paid it as soon as possible.

75% they increase limit for heavy user.....i might be wrong ;-(

Re: How Do Auto-CLIs Happen?

daybreakgonesXe — Thu, 17 Jan 2013 04:31:32 GMT

Discover seems to like people carrying and paying down balances, at least they like it when my boyfriend does it!!! Hasn't had the card for a year (opened May 2012) and they've bumped him twice from $1250 to $1500 to most recently $1900! High balance was around $900+ now down to mid $700s...go figure...my brother has an account as well and they haven't done anything for him, polar opposite of boyfriend, makes small purchases then PIF, has had account since June 2012, still at $5000

Then again, I could be comparing apples to oranges...brother received preselected mailing for Open Road Student (?) (Discover account does not list it as a Student Open Road, however), while boyfriend applied for the More, was denied, but offered the $1250 card instead, not sure what kind of rewards, if any, it has, or what card it actually is.

Re: How Do Auto-CLIs Happen?

jamesdwi — Thu, 17 Jan 2013 04:37:31 GMT

Use the cards, pay your bills, Doesn't have to be paid in full I have recieved in Auto-CLI's in cases where I have paid in full, and in cases where I have balances showing in fact most of the time I have been given auto-CLI's it has been when I have been carrying a balance. The exception is AMEX who apparently doesn't like you to carry a balance for long periods even on there revolvers.

Amazon (GE) - Auto-CLI with a balance showing, and requested CLI's in both cases.

First National Bank Omaha - Auto-CLI with a balance showing about 30% UTL on the card, I got the card for the 12 months 0% interest deal

Walmart (GE) - no Auto-CLI yet, I just ask and every 4 months they say yes and give me a CLI.

While Auto-CLI's are nice to get the reality is, if you want a higher credit limit on your cards ask for them. If you have been a good customer and paid all your other bills, with no recent baddies, and have the necessary income it will probably be granted.

Re: How Do Auto-CLIs Happen?

Revelate — Thu, 17 Jan 2013 06:42:49 GMT

Do everything right, and then get lucky.

Please note that the lender's criteria of what's right changes on average 18.465 times every day while the lunar phase is waxing, and on average 19.948 times every day while it's waning. On new and full moons, auto-CLI's don't happen.

Tongue-in-cheek notwithstanding, with many lenders you may as well use a Oujia board to predict it. Personally I don't count on any auto CLI ever happening to me; if it does, then I'll simply be very pleasantly surprised.

Re: How Do Auto-CLIs Happen?

beb86 — Thu, 17 Jan 2013 06:53:01 GMT

@Revelate wrote:
Do everything right, and then get lucky.

Please note that the lender's criteria of what's right changes on average 18.465 times every day while the lunar phase is waxing, and on average 19.948 times every day while it's waning. On new and full moons, auto-CLI's don't happen.

Tongue-in-cheek notwithstanding, with many lenders you may as well use a Oujia board to predict it. Personally I don't count on any auto CLI ever happening to me; if it does, then I'll simply be very pleasantly surprised.

So PIF or keep balances low and you should be a shoe-in for a CLI? Is that what you were trying to say?

Re: How Do Auto-CLIs Happen?

Anonymous — Thu, 17 Jan 2013 12:09:16 GMT

daybreakgonesXe wrote:

I agree with this as well, when I first got my discover I payed it in full for the first couple months. Since I was still in the 0% phase I decided to carry a balance and once the statement cut I receieved an auto-cli.

Re: How Do Auto-CLIs Happen?

TiggerDat — Thu, 17 Jan 2013 12:50:11 GMT

@daybreakgonesXe wrote:
Discover seems to like people carrying and paying down balances, at least they like it when my boyfriend does it!!! Hasn't had the card for a year (opened May 2012) and they've bumped him twice from $1250 to $1500 to most recently $1900! High balance was around $900+ now down to mid $700s...go figure...my brother has an account as well and they haven't done anything for him, polar opposite of boyfriend, makes small purchases then PIF, has had account since June 2012, still at $5000

Then again, I could be comparing apples to oranges...brother received preselected mailing for Open Road Student (?) (Discover account does not list it as a Student Open Road, however), while boyfriend applied for the More, was denied, but offered the $1250 card instead, not sure what kind of rewards, if any, it has, or what card it actually is.

I looked at your signature and actually laughed at that Shell card down there. I was like, really $800? I understand that Orchard one, but Shell and $800? The other limits you have and then Shell!

I hope Discover is nice to me! I don't want a Capone situation happening! (I doubt it will.) His student account might be classified differently for a set period of time or a maximum limit until he turns a certain age or something. Besides, as you say he only uses it a little so his limit is more than fine for him. I don't plan on using my Discover much at first, because there were no sign up bonus points, instead I will abuse that Chase card to grab those bonuses as fast as I can and then sock drawer it until they raise the limit so that I can get rid of those bad cards at some point in my siggy.

Re: How Do Auto-CLIs Happen?

jla84 — Thu, 17 Jan 2013 18:20:57 GMT

I can speak about my experiences with Discover auto-CLIs (YMMV, obviously!).

Discover - I've had the Miles card for a little over a year. During the 0%APR promotional when I first opened the account, I carried a balance but was never given an auto-CLI. After the promotional period I started paying in full. Around 8 months after getting the card I asked for a CLI via their "luv button" and received a 2X CLI. About 4 months later I recieved a $1200 auto-CLI. I think I average about $200-$500/mnth and pif.

Re: How Do Auto-CLIs Happen?

Anonymous — Thu, 17 Jan 2013 18:38:54 GMT

I've only gotten one auto CLI and that was from BofA, who apparently never does anything like that. I had my first CC with them and it was stuck at a CL of $700 for almost three and a half years. Then, out of the blue, Credit Karma tells me my CL has been increased to $2,200! I was elated, as I had heard from here that BofA only did hard pull CLIs.

The funny thing is that after the CLI I initiated a PC, because I was tired of having to paying the AF. But when the CLI letter came from BofA, it said that they had gotten rid of the AF as well!

Apparently when it rains, it pours when it comes to BofA's generosity lol.