topic Paypal Smart Connect CLI Strategy in Credit Cards

Paypal Smart Connect CLI Strategy

sghosh5 — Mon, 19 Aug 2013 12:30:16 GMT

What is the best strategy to get a CLI on Paypal Smart Connect. I make purchases around 100 dollars each month (off my 400 dollars CL) and pay it in full every month leaving 0 dollars to report as balance. I read somewhere if I report 0 dollar as balance they will not consider for a CLI in future. Is this true?

Also when is the best time to ask for a CLI. I tried it through automated phone system and denied saying 'your account is not eligible for a CLI'. Hope this is not an HP. Do they do SP? My account was open in June this year.

Re: Paypal Smart Connect CLI Strategy

OhioCPA — Mon, 19 Aug 2013 12:35:56 GMT

The Paypal Smart Connect is issued by GE. As with most GE issued accounts, CLI's are based on the last SP (CareCredit and possibly Pep Boys are HP's). GE will only grant a CLI after every fourth statement. Since your account was issued in June, you will have to wait until October for a CLI. As with any card, heavy useage is helpful for getting a nice CLI.

Re: Paypal Smart Connect CLI Strategy

sghosh5 — Mon, 19 Aug 2013 12:38:11 GMT

Thanks. So i can guess in my case they did not even do an SP/HP as my account was not open for long time enough. It took fraction of seconds for the automated system to say i am denied.

Re: Paypal Smart Connect CLI Strategy

azguy13 — Mon, 19 Aug 2013 12:46:19 GMT

What I do with my cards, mainly Chase, is I charge a large amount on them at the beginning of my statement period and then pay it off before the statement cuts. This way it does not show my max balance as extremely high on my CR but it shows Chase that my limit is not high enough. I have only been trying this strategy for a couple months so we will see if it pays off soon.

Re: Paypal Smart Connect CLI Strategy

sghosh5 — Mon, 19 Aug 2013 12:52:14 GMT

Thats what I do with my CHASE / Capital One Cards. Put a balance of about 70/80 % and then pay it in full before statement cuts

Re: Paypal Smart Connect CLI Strategy

missjae — Mon, 19 Aug 2013 12:55:52 GMT

@sghosh5 wrote:
What is the best strategy to get a CLI on Paypal Smart Connect. I make purchases around 100 dollars each month (off my 400 dollars CL) and pay it in full every month leaving 0 dollars to report as balance. I read somewhere if I report 0 dollar as balance they will not consider for a CLI in future. Is this true?

Also when is the best time to ask for a CLI. I tried it through automated phone system and denied saying 'your account is not eligible for a CLI'. Hope this is not an HP. Do they do SP? My account was open in June this year.

I've received auto cli's while carrying a small balance and no balance. I only tried to initiate a CLI once and was denied, but I was carrying a large balance and I don't blame them.

Re: Paypal Smart Connect CLI Strategy

azguy13 — Mon, 19 Aug 2013 13:05:39 GMT

@missjae wrote:
@sghosh5 wrote:
What is the best strategy to get a CLI on Paypal Smart Connect. I make purchases around 100 dollars each month (off my 400 dollars CL) and pay it in full every month leaving 0 dollars to report as balance. I read somewhere if I report 0 dollar as balance they will not consider for a CLI in future. Is this true?

Also when is the best time to ask for a CLI. I tried it through automated phone system and denied saying 'your account is not eligible for a CLI'. Hope this is not an HP. Do they do SP? My account was open in June this year.
I've received auto cli's while carrying a small balance and no balance. I only tried to initiate a CLI once and was denied, but I was carrying a large balance and I don't blame them.
Was that on the Paypal Smart Connect or another card? And was it a HP or SP?

Re: Paypal Smart Connect CLI Strategy

halos24 — Mon, 19 Aug 2013 13:50:03 GMT

I've noticed the cli patterns with GE also differ. Trust me I have 7 cards of theirs if we count Care Credit that I tend to forget about. On my Paypal I have received 1 cli they gave me, and recently an initiated cli. I do carry a balance on it, not going to say I PIF and was not granted what I asked for, yet countered for a less amount.

Re: Paypal Smart Connect CLI Strategy

halos24 — Mon, 19 Aug 2013 13:50:46 GMT

By the way they have always been sp for me.

Re: Paypal Smart Connect CLI Strategy

missjae — Tue, 20 Aug 2013 02:28:54 GMT

@azguy13 wrote:
@missjae wrote:
@sghosh5 wrote:
What is the best strategy to get a CLI on Paypal Smart Connect. I make purchases around 100 dollars each month (off my 400 dollars CL) and pay it in full every month leaving 0 dollars to report as balance. I read somewhere if I report 0 dollar as balance they will not consider for a CLI in future. Is this true?

Also when is the best time to ask for a CLI. I tried it through automated phone system and denied saying 'your account is not eligible for a CLI'. Hope this is not an HP. Do they do SP? My account was open in June this year.
I've received auto cli's while carrying a small balance and no balance. I only tried to initiate a CLI once and was denied, but I was carrying a large balance and I don't blame them.
Was that on the Paypal Smart Connect or another card? And was it a HP or SP?

Smart Connect and SP. I'm hoping I get a CLI soon now that I paid them. When I got the letter for the denial, they told me I made too many recent payments, but hadn't paid enough, carried a large balance, but didn't charge enough. So apparently, I should use it often, and make one large payment on it...I think.

Re: Paypal Smart Connect CLI Strategy

missjae — Tue, 20 Aug 2013 02:32:45 GMT

@OhioCPA wrote:
The Paypal Smart Connect is issued by GE. As with most GE issued accounts, CLI's are based on the last SP (CareCredit and possibly Pep Boys are HP's). GE will only grant a CLI after every fourth statement. Since your account was issued in June, you will have to wait until October for a CLI. As with any card, heavy useage is helpful for getting a nice CLI.

Thanks for making that point. I actually forgot that they did this. It explains why I could get very few increases. My credit improved, but if it's based on the last SP, they probably saw more than they wanted too.

It's great that it's soft pull since there is no additional hit to the CR, but it sucks when your credit changes significantly and they aren't able to see that. I guess calling credit solutions might help, but I'd hate to ask them to check every GE account I own at once or keep having to call back.

Re: Paypal Smart Connect CLI Strategy

toppers555 — Tue, 20 Aug 2013 03:13:43 GMT

you need to let a balance report at least once so a statement is created otherwise you will be stuck in not experience enough with credit limit limbo with automated system. I have test this on my paypal connect and other GE backed cards.