topic Re: Rebuilding - CLI on Secured card question in Credit Cards

Rebuilding - CLI on Secured card question

denver133 — Tue, 20 Aug 2013 13:45:41 GMT

Hello CC people!

I am currently rebuilding and have a US Bank secured card for 8 months now. CLI is currently at $500 and US Bank allows me to increase if I send in the $$$. Trying to plan for my 700+ future, I am trying to understand these top tier cards that offer $5K CLs and up. From what I have read, correct me if I'm wrong, the CSP is a tough card to get. ONe of the factors they look at is if the applicant has a card with a CL of $5k or more. Is that correct?

Would my chances of getting a CSP down the road be better if I was to bump my current secured card up to $5k?

Re: Rebuilding - CLI on Secured card question

Shogun — Tue, 20 Aug 2013 13:47:41 GMT

I like the idea of increasing the amount on the secured card. It gives you a better CLI for util and helps with higher CLIs from unsecured cards in your future. Plus the fact it's like having a savings account. So my vote would be YES.

Re: Rebuilding - CLI on Secured card question

DaveSignal — Tue, 20 Aug 2013 14:31:30 GMT

+1. You can speed up your rebuild if you can quickly get some tradelines with higher limits. The fastest way to do this is with a secured card.