topic Re: Positive history in Credit Cards

Positive history

writerstale — Mon, 09 Jun 2014 12:23:26 GMT

Just got a new credit card from BoA and Barclay's. Was told by a BoA rep my credit score is good, but needs to show positive credit history with my cards before getting a credit line incrase. What's a good time frame to have positive credit usage with my cards before asking BoA for a cli? Does anyone know a time frame for Barclay's as well?

Re: Positive history

AirlinerDudeB6 — Mon, 09 Jun 2014 12:31:48 GMT

I would say 6 months is a good rule of thumb, as that is when most banks will allow your first request for a CLI. Amex allows at 61 days, but thats a different story...

BoA will most likely be a HP for the CLI, though.

Re: Positive history

ficonightmare — Mon, 09 Jun 2014 12:32:35 GMT

With Barclay, if you use their card regulalry, AND carry at least a small balance, you'll get an increase every 6 months. At least that was my experience.

With BOA, I never asked them for an increase because I "thought" I remembered back then people saying it was a hard pull.

But, they gave me one on their own after about a year or so.

My CL went from 7.5k to 9.5K about 2-3 years ago and that's where it's been since.

So I guess I would give BOA anywhere from 6 months to a year before requesting an increase.

Re: Positive history

writerstale — Mon, 09 Jun 2014 12:47:20 GMT

Are we talking small or big increases after the 6 months to a year?

Re: Positive history

AirlinerDudeB6 — Mon, 09 Jun 2014 12:53:32 GMT

@writerstale wrote:
Are we talking small or big increases after the 6 months to a year?

That's a tough question to answer, as many factors go into a CLI decision.

If you show positive account history and keep your credit reports in good shape, you may be surprised with the result. Especially with a HP at BoA, those tend to yield a higher result.

But again, its all YMMV ...

Re: Positive history

writerstale — Mon, 09 Jun 2014 14:27:46 GMT

Thank you very much for the information. If you don't mind me asking what does YMMV mean?

Re: Positive history

Dw4250 — Mon, 09 Jun 2014 14:30:35 GMT

@writerstale wrote:
Thank you very much for the information. If you don't mind me asking what does YMMV mean?

YMMV= Your Mileage May Vary (your experience may vary from that of others...)

Re: Positive history

mrlh1980 — Mon, 09 Jun 2014 15:37:33 GMT

Abbreviations are a easy way of saying you can't spell or being lazy. No excuses of not spelling out words when you were taught in school to do so. I notice some people get caught up with using abbreviations so much, they use it in the professional setting then have to use spell check.

Re: Positive history

takeshi74 — Mon, 09 Jun 2014 16:26:14 GMT

@mrlh1980 wrote:
No excuses of not spelling out words when you were taught in school to do so.

There's a sticky for abbreviations. Abbreviations are commonly used on many discussion forum sites. You can complain but it is what it is. No reason to type out commonly used phrases when there are abbreviations IMO.

@mrlh1980 wrote:
I notice some people get caught up with using abbreviations so much, they use it in the professional setting then have to use spell check.

Audience always matters when writing. This isn't a professional setting.

Re: Positive history

AirlinerDudeB6 — Mon, 09 Jun 2014 16:24:13 GMT

@takeshi74 wrote:
There's a sticky for abbreviations. Abbreviations are commonly used on many discussion forum sites. You can complain but it is what it is. No reason to type out commonly used phrases when there are abbreviations IMO.

I tend to use the common abbreviations...especially when the OP uses abbreviations in their post.

Not faulting the OP here at all, but I just assumed they knew.

Re: Positive history

mrlh1980 — Mon, 09 Jun 2014 16:30:13 GMT

@takeshi74 wrote:
There's a sticky for abbreviations. Abbreviations are commonly used on many discussion forum sites. You can complain but it is what it is. No reason to type out commonly used phrases when there are abbreviations IMO.

Stop making excuses when most people who use abbreviations can't spell or are just being lazy. I grew up in the era where you used complete words.

Re: Positive history

parakleet — Mon, 09 Jun 2014 17:33:17 GMT

@mrlh1980 wrote:
@takeshi74 wrote:
There's a sticky for abbreviations. Abbreviations are commonly used on many discussion forum sites. You can complain but it is what it is. No reason to type out commonly used phrases when there are abbreviations IMO.
Stop making excuses when most people who use abbreviations can't spell or are just being lazy. I grew up in the era where you used complete words.

No one is making excuses. I don't understand why you feel it's necessary to be rude. Abbreviations are extremely common on these forums. If that is not to your liking, I'm sure there are other forums that may be more to your liking.

Re: Positive history

xsvspd — Mon, 09 Jun 2014 17:49:21 GMT

To the OP:

Guide to Common Abbreviations on myFICO

To whoever else is concerned: abbreviations are quite common on this forum. Grammar nazis can go elsewhere.

Re: Positive history

writerstale — Tue, 10 Jun 2014 01:43:54 GMT

Thank you very much for the glossary of terms and abbreviations. I'm not privy to a lot of the abbreviations, but some of them here and there are easy to figure out. Some of them confuzzle me. Wasn't trying to anger anyone by asking for clarification. Just trying to learn and keep the energy positive. =)

Re: Positive history

TRC_WA — Tue, 10 Jun 2014 02:55:39 GMT

@mrlh1980 wrote:
@takeshi74 wrote:
There's a sticky for abbreviations. Abbreviations are commonly used on many discussion forum sites. You can complain but it is what it is. No reason to type out commonly used phrases when there are abbreviations IMO.
Stop making excuses when most people who use abbreviations can't spell or are just being lazy. I grew up in the era where you used complete words.

OMG LOL... Someone please call the grammar police.

Re: Positive history

TRC_WA — Tue, 10 Jun 2014 02:57:30 GMT

@writerstale wrote:
Just got a new credit card from BoA and Barclay's. Was told by a BoA rep my credit score is good, but needs to show positive credit history with my cards before getting a credit line incrase. What's a good time frame to have positive credit usage with my cards before asking BoA for a cli? Does anyone know a time frame for Barclay's as well?

I got a $1000 increase to $2200 at statement 6 with my Barclay Apple card... I've had the card 9 months now and hope for another increase in September.

Re: Positive history

09Lexie — Tue, 10 Jun 2014 03:18:04 GMT

Let's remember to be respectful in your comments, as to not violate myfico's TOS and User Guidelines.

Lexie, myFICO Moderator

* a little late- sorry.

Re: Positive history

One7 — Tue, 10 Jun 2014 04:08:40 GMT

Barclays auto increased me from $1500 to $5000 at the 6th month mark, and I asked for a CLI from BofA at 10 months, it was a HP but they gave me a $4700 CLI. From $300 (was secured prior then was unsecured at 10 months) to $5k. Worth the HP on my TU report if you ask me. I asked for 8k and they countered with 5k.

Edit: Typo