topic Re: Card Limit in Credit Cards

Card Limit

Anonymous — Tue, 04 Sep 2007 10:57:05 GMT

One of my new credit cards, which I haven't even received yet, is already reporting to TU and EX. The limit reported on TU is incorrect. This may obviously cause a problem with utilization. How do I get it corrected and is it neccessary?

Re: Card Limit

Anonymous — Tue, 04 Sep 2007 12:31:15 GMT

daytona18 wrote:

One of my new credit cards, which I haven't even received yet, is already reporting to TU and EX. The limit reported on TU is incorrect. This may obviously cause a problem with utilization. How do I get it corrected and is it neccessary?

Wait til you gt the card to verify limit. If it is reporting incorrectly simply call the issuer, they may advise you to wait til next reporting date for it t update.

Re: Card Limit

MidnightVoice — Tue, 04 Sep 2007 12:38:41 GMT

And ut might well get corrected the first time the card reports to the CRAs anyway

Re: Card Limit

Anonymous — Tue, 04 Sep 2007 13:12:00 GMT

daytona18 wrote:
One of my new credit cards, which I haven't even received yet, is already reporting to TU and EX. The limit reported on TU is incorrect. This may obviously cause a problem with utilization. How do I get it corrected and is it neccessary?

How much difference is there? TU reports all trade lines to the next highest hundred. Example: 450 = 500 or 2950 = 3000. If this is the kind of problem you are having, there is not much to do about it, but if it is really off, such as 3000 reporting as 1000, then I would wait for the card and then contact the card issuer and ask for a correction.

Re: Card Limit

Anonymous — Tue, 04 Sep 2007 13:12:53 GMT

Thanks everybody. I will wait. It is a very small limit...gotta start somewhere...and I don't plan on using it much anyway. I'm just thankful to have a credit card again.

Re: Card Limit

Anonymous — Tue, 04 Sep 2007 13:16:09 GMT

sleigh17 wrote:

daytona18 wrote:
One of my new credit cards, which I haven't even received yet, is already reporting to TU and EX. The limit reported on TU is incorrect. This may obviously cause a problem with utilization. How do I get it corrected and is it neccessary?

How much difference is there? TU reports all trade lines to the next highest hundred. Example: 450 = 500 or 2950 = 3000. If this is the kind of problem you are having, there is not much to do about it, but if it is really off, such as 3000 reporting as 1000, then I would wait for the card and then contact the card issuer and ask for a correction.

Oh, well my limit is only $125 (don't laugh). TU reports as $100. LIke I said, no big deal I guess. Simply noticed a discrepacy and wondered what kind of a difference it made, if any.

Message Edited by daytona18 on 09-04-2007 06:16 AM

Re: Card Limit

Anonymous — Tue, 04 Sep 2007 13:25:26 GMT

daytona, that wouldn't happen to be a dilalrds cards or some other store card issued by GEMB would it?

Re: Card Limit

Anonymous — Tue, 04 Sep 2007 13:37:36 GMT

daytona,

Let me correct myself. TU reports to the nearest hundred, not the highest hundred. I NEED COFFEE!

Re: Card Limit

Anonymous — Tue, 04 Sep 2007 13:46:04 GMT

Brammy wrote:
daytona, that wouldn't happen to be a dilalrds cards or some other store card issued by GEMB would it?

Yep, Walmart. Why?

Re: Card Limit

Anonymous — Tue, 04 Sep 2007 13:46:31 GMT

sleigh17 wrote:
daytona,

Let me correct myself. TU reports to the nearest hundred, not the highest hundred. I NEED COFFEE!

Now that makes sense. Thanks.

Re: Card Limit

Anonymous — Tue, 04 Sep 2007 13:50:23 GMT

daytona18 wrote:

Brammy wrote:

daytona, that wouldn't happen to be a dilalrds cards or some other store card issued by GEMB would it?

Yep, Walmart. Why?

LOL!!! I just knew by the limit. think they are the only store that regularly gives out 200.00 limits for a store that sends you sale advertisements for purses that you couldn't even buy the mayching wallet for with that CL.

Message Edited by Brammy on 09-04-2007 09:50 AM

Re: Card Limit

Anonymous — Tue, 04 Sep 2007 13:53:39 GMT

Brammy wrote:

daytona18 wrote:

Brammy wrote:
daytona, that wouldn't happen to be a dilalrds cards or some other store card issued by GEMB would it?

Yep, Walmart. Why?

LOL!!! I just knew by the limit. think they are the only store that regularly gives out 200.00 limits for a store that sends you sale advertisements for purses that you couldn't even buy the mayching wallet for with that CL.

Message Edited by Brammy on 09-04-2007 09:50 AM

Yeah, I was a little disappointed with the CL, but as I say, just to be able to get a cc tickles me to death. It has already helped raise my score. I got another 8 point increase over the weekend and 12 points just a couple of days before that. I am up 58 points from where I started in the first week of June!

Re: Card Limit

Anonymous — Tue, 04 Sep 2007 13:58:22 GMT

A little heads up daytona, don't forget to ask for a limit increase very four months or so. I have never had an auto with these guys

Re: Card Limit

Anonymous — Tue, 04 Sep 2007 14:47:48 GMT

Brammy wrote:
A little heads up daytona, don't forget to ask for a limit increase very four months or so. I have never had an auto with these guys

Thanks Brammy. What are their requirements.....use monthly and PIF, use and pay to 1-9%? Do they simply check your accpunt with them? Or do they do a soft pull? Help me figure out the crdit mystery!!! LOL.

Re: Card Limit

Anonymous — Tue, 04 Sep 2007 15:47:35 GMT

daytona18 wrote:

Brammy wrote:

A little heads up daytona, don't forget to ask for a limit increase very four months or so. I have never had an auto with these guys

Thanks Brammy. What are their requirements.....use monthly and PIF, use and pay to 1-9%? Do they simply check your accpunt with them? Or do they do a soft pull? Help me figure out the crdit mystery!!! LOL.

They do soft you often for account review. Never been harded for a CLI. I have maxed it out, paid in full, doesn't seem to be a ryhme or reason as to how they do things. Just remember to request or you may be sittig with that limit for a good l ng time.

Re: Card Limit

Anonymous — Tue, 04 Sep 2007 22:47:54 GMT

i have had a sam's/walmart private label account through gemb for almost a year and a half. not once had a cli. after reading this i called and the rep said the only way she could do it was to pull a hard. after my recent app spree (thanks sleigh, but it's like the saying "you can't rape the willing") i couldn't let her do that. i asked if she could just do an internal review w/o the pull, she said that was something only a supervisor could do and those are random (compuetr generated). i said put it in the comments that after a year i would have thought i would have been trusted a little more. continued on with how much i use the card and what a pain it was to make multiple payments a month, etc....

we'll see if it goes anywhere. i made it clear that no way did i want a hard pulled. she did say that if she pulled a hard that i would get at least a $200 cli. again, with the recent inquiry record i restrained myself. the thought of nails driving through my flesh worked.

Re: Card Limit

Anonymous — Tue, 04 Sep 2007 23:08:42 GMT

dnm

I have alwys done mine on site and never gotten a hard. Only been declined when it was less than 4 mos since the last increase.

Re: Card Limit

Anonymous — Tue, 04 Sep 2007 23:56:06 GMT

really? wonder why the csr said they would have to pull. should i chance it online, or leave it alone?

Re: Card Limit

Anonymous — Tue, 04 Sep 2007 23:58:28 GMT

See if they have a button. If they may pull a hard it should advise you that they may need to pull a new report. They may be doing something different now tho.

Message Edited by Brammy on 09-04-2007 07:58 PM

Re: Card Limit

Anonymous — Wed, 05 Sep 2007 00:03:26 GMT

there was a button, and i hit it. i made sure i read everything, no mention of pulling the credit. it came back so quick i don't see how it could have pulled the inquiry. it gave me 200. why they don't just make it automatic is beyond me.

many thanks!

you can bet i'll be hitting that button every 4 months now!