topic Re: how do you answer this question? in Credit Cards

how do you answer this question?

Scott90 — Tue, 23 Apr 2013 06:18:04 GMT

In the past when I have requested CLI I have always been asked by the company, why I am requesting the limit...

How do you guys answer this question, or what is the best answer to give? I have always said something along the lines of, I just want more spending/purchase power. I always get approved so that must be a fine answer, just was wondering what everyone else says...

Re: how do you answer this question?

09Lexie — Tue, 23 Apr 2013 06:25:19 GMT

I have never been asked why? I have been asked the CL I would like instead.

Re: how do you answer this question?

zeusta20 — Tue, 23 Apr 2013 06:25:35 GMT

For me, pretty much along those same lines. I also mention how I wanna be able to use it more often in order to maximize the rewards.

Re: how do you answer this question?

Anonymous — Tue, 23 Apr 2013 06:26:46 GMT

So far I think only Macys / Bloomingdales have asked me this.

i'd just tell them I am planning to make a big purchase and rather than to pay for it using different cards.

seems to just be random chatter while the system is processing / pulling my info though.

Re: how do you answer this question?

HiLine — Tue, 23 Apr 2013 06:42:38 GMT

I would say that I foresee the need for larger purchases in the future.

Re: how do you answer this question?

boomhower — Tue, 23 Apr 2013 09:07:24 GMT

Depends on the card. For a general purpose CC I usually do it around the holidays and use that as a reason. For a store card like Amazon or Lowes I'm constantly in need of a new TV or lawn mower, seems to work. Typically aren't asked for a reason though.

Re: how do you answer this question?

NonSufficientFunds — Tue, 23 Apr 2013 21:30:24 GMT

@Scott90 wrote:
How do you guys answer this question, or what is the best answer to give?

I would simply state the obvious:

"... I never allow my spending to exceed 30% of my available limit, so having a higher credit limit will provide the flexibility I need to make the most efficient use of my account, making me less reliant on any competing company's product... and as a highly intelligent representative of your fine organization, you can surely recognize the value proposition in granting me a generous extension of my line of credit... oh, and by the way, you have such a sweet voice, I'll bet your company is very proud to have you on their team! ..."

How can they say no to that.

Re: how do you answer this question?

JonStur — Tue, 23 Apr 2013 14:23:38 GMT

Usually good reasons are for vacation/holiday use or if the balance is low, that you want the balance to be comparable with your other trade lines...

Re: how do you answer this question?

petarap — Tue, 23 Apr 2013 17:36:58 GMT

@nonsufficientfunds: That's an awesome answer. lol.

Re: how do you answer this question?

omskillet — Tue, 23 Apr 2013 17:38:47 GMT

@Scott90 wrote:
In the past when I have requested CLI I have always been asked by the company, why I am requesting the limit...

How do you guys answer this question, or what is the best answer to give? I have always said something along the lines of, I just want more spending/purchase power. I always get approved so that must be a fine answer, just was wondering what everyone else says...

Like others I always say I'm doing it because I need more purchasing power. Tell them you're having to use your "other" companies card to make up for lack of purchasing power on the card you want a credit limit increase on. That has worked twice for me. Make them work to keep your business.

Re: how do you answer this question?

NonSufficientFunds — Wed, 24 Apr 2013 00:11:25 GMT

I have seen an increasing number of credit card sites offer an "auto-luv" button, so sometimes you don't even need to talk to anyone.

Re: how do you answer this question?

LS2982 — Wed, 24 Apr 2013 00:20:27 GMT

@NonSufficientFunds wrote:
@Scott90 wrote:
How do you guys answer this question, or what is the best answer to give?
I would simply state the obvious:

"... I never allow my spending to exceed 30% of my available limit, so having a higher credit limit will provide the flexibility I need to make the most efficient use of my account, making me less reliant on any competing company's product... and as a highly intelligent representative of your fine organization, you can surely recognize the value proposition in granting me a generous extension of my line of credit... oh, and by the way, you have such a sweet voice, I'll bet your company is very proud to have you on their team! ..."

How can they say no to that.

I think I would decline you for reading off a script

Re: how do you answer this question?

indiolatino61 — Wed, 24 Apr 2013 01:20:00 GMT

@Scott90 wrote:
In the past when I have requested CLI I have always been asked by the company, why I am requesting the limit...

How do you guys answer this question, or what is the best answer to give? I have always said something along the lines of, I just want more spending/purchase power. I always get approved so that must be a fine answer, just was wondering what everyone else says...

I suppose, "I want to run up as much debt as possible before I file for BK next month," is one of the red-flag answers...lol...