topic Re: Automatic Credit Line Increases in Credit Cards

Automatic Credit Line Increases

chalupaman — Tue, 15 Apr 2014 09:00:08 GMT

Which companies are known to automatically increase credit limits on account depdning upon revew every six months? I know for a fact Capital One will do it once with the student card but I don't know about anyone else like say Amazon, WalMart, etc. With Citi, I haven't had much luck in that or even getting approved for another card with them. Also does anyone have any advice in making myself more likely to qualify for these increases because I really don't want to have more hard inquires on my credit file. I already have enough as it is and want to wait a long while before doing anything else.

Re: Automatic Credit Line Increases

Kenny — Tue, 15 Apr 2014 10:59:58 GMT

Not adding new TLs when you open an account that does auto-CLIs is actually better, because if you have more open available credit some companies don't want to extend you more.

Wal-Mart, Capital One, Barclays, Probably Amazon all auto-cli. They like for you to use their cards very much and pay in full as much as you can. There really is no secret, I dont' think.

Re: Automatic Credit Line Increases

awiser — Tue, 15 Apr 2014 12:29:06 GMT

Capital One, most GECRB-backed cards (Amazon Store, Walmart), and now sometimes Citi offer SP manual requests - a la "luv button." Why wait for auto-luv? GECRB request every fourth statement and Cap One every sixth.

Re: Automatic Credit Line Increases

awiser — Tue, 15 Apr 2014 12:35:23 GMT

Going further, use the cards and pay more than minimum if not PIF. It may take some time (Cap One once denied my request for too many inquiries, most of which are more than a year old) but it will happen.

Re: Automatic Credit Line Increases

takeshi74 — Tue, 15 Apr 2014 13:14:21 GMT

@chalupaman wrote:
Also does anyone have any advice in making myself more likely to qualify for these increases

It's all about your credit and income. There are no magic tricks for CLI's.

Re: Automatic Credit Line Increases

Creditaddict — Tue, 15 Apr 2014 14:40:58 GMT

Well cards backed by GE you don't have to wait for auto cli because all but a couple like CareCredit are SP CLI and you can call credit solutions for big manual cli.

Re: Automatic Credit Line Increases

Cdnewmanpac — Tue, 15 Apr 2014 15:24:57 GMT

I've gotten auto clis from Chase, usaa, wells fargo in addition to those listed.

Re: Automatic Credit Line Increases

Jazzzy — Tue, 15 Apr 2014 17:16:18 GMT

I have gotten them within the past year from AmEx and PenFed without asking. Just a surprise notice from them.

Re: Automatic Credit Line Increases

cobbson — Tue, 15 Apr 2014 18:15:31 GMT

Had one from USBank after 11 months with their card.

Re: Automatic Credit Line Increases

BigBS — Tue, 15 Apr 2014 18:53:38 GMT

Received one from Chase and a few from USAA (back in the day).

Re: Automatic Credit Line Increases

chalupaman — Tue, 15 Apr 2014 21:16:07 GMT

Alright! Really helpful stuff though with the total credit limit I have now (close to 5000 dollars and probably increasing in the next few months), I think I'm good at the moment though having a higher credit limit would be especially nice for the Amazon (especially for their financing on certain stuff they sell) and Discover cards and Wells Fargo has given me my third highest line of credit. It's mainly because I wanted to have the lowest utilization possible. Citi gave me the strangest reason as to why I didn't qualify for one and it was mainly because of a lack of credit references at the time.

Re: Automatic Credit Line Increases

OptimalCS — Tue, 15 Apr 2014 22:19:40 GMT

Suprisingly Amex BCE has given me auto luv twice when I was near/over my limit. I dont want to draw any conclusions, it just happen twice.

All my other cards never gave me auto love I had to call and request it.

Re: Automatic Credit Line Increases

johnpalley — Tue, 15 Apr 2014 22:51:41 GMT

elan financial does this they review the account every 6 months

Re: Automatic Credit Line Increases

Jlu — Wed, 16 Apr 2014 00:48:46 GMT

Barclays bumped me from $2k to $5k after recently paying a $1500 balance off. Pretty sure that's what triggered it.

Other than that, GE is the best known for generous SP auto-CLI's.

Re: Automatic Credit Line Increases

bk510 — Wed, 16 Apr 2014 01:46:57 GMT

@awiser wrote:
Capital One, most GECRB-backed cards (Amazon Store, Walmart), and now sometimes Citi offer SP manual requests - a la "luv button." Why wait for auto-luv? GECRB request every fourth statement and Cap One every sixth.

I'm still waiting for my CLI on amazon and walmart. its been 10 months since opening.

Re: Automatic Credit Line Increases

bk510 — Wed, 16 Apr 2014 01:47:53 GMT

@takeshi74 wrote:
@chalupaman wrote:
Also does anyone have any advice in making myself more likely to qualify for these increases
It's all about your credit and income. There are no magic tricks for CLI's.

I believe this to be true.