topic Re: Out of the 5 major banks.,,,(CLI Increase question) in Credit Cards

Out of the 5 major banks.,,,(CLI Increase question)

Anonymous — Tue, 19 Aug 2014 06:39:28 GMT

Just a question of curiosity, out of the 5 major banks.

US Bank

Wells Fargo

Chase

Citibank

Bank of America.

Which bank has cards that "grow with you", as isussing credit line increases on a frequent basis?

Re: Out of the 5 major banks.,,,(CLI Increase question)

trumpet-205 — Tue, 19 Aug 2014 07:15:31 GMT

You mean on their own or SP upon request?

Re: Out of the 5 major banks.,,,(CLI Increase question)

Anonymous — Tue, 19 Aug 2014 07:17:15 GMT

Well, both. Trying to get a general consensus of which bank cards don't stick you with a $1000 limit for 5 years.

Re: Out of the 5 major banks.,,,(CLI Increase question)

trumpet-205 — Tue, 19 Aug 2014 07:23:11 GMT

I have no experience with WF. Chase and BofA don't do SP for CLI request, it is always HP for them.

If you request CLI online Citi usually try to counter it first. if you accept counter offer or the request was approved instantly it is usually SP.

On rare occasion US Bank, Chase, and Citi will up CL on their own. Never requested CLI for US Bank so I don't know their policy on it.

Re: Out of the 5 major banks.,,,(CLI Increase question)

Anonymous — Tue, 19 Aug 2014 07:25:36 GMT

I would say BoA, but you have to HP poke-it.

Re: Out of the 5 major banks.,,,(CLI Increase question)

iwazl71 — Tue, 19 Aug 2014 07:46:15 GMT

@Anonymous wrote:
Just a question of curiosity, out of the 5 major banks.

US Bank
Wells Fargo
Chase
Citibank
Bank of America.

Which bank has cards that "grow with you", as isussing credit line increases on a frequent basis?

I have never dealt with US Bank but I have with the other 4. I started my credit rebuild journey about 2 years ago;

wells Fargo -- started at 3k and still at 3k on 1 card

chase -- started at 5k and now at 64k on 3 cards

citi -- started at 10k and now at 65k on 4 cards

bank of America -- started at 5k and now at 30k on 1 card

so you can see that boa, chase, and citi will grow with you.

Re: Out of the 5 major banks.,,,(CLI Increase question)

-Cal- — Tue, 19 Aug 2014 08:52:25 GMT

@iwazl71 wrote:
@Anonymous wrote:
Just a question of curiosity, out of the 5 major banks.

US Bank
Wells Fargo
Chase
Citibank
Bank of America.

Which bank has cards that "grow with you", as isussing credit line increases on a frequent basis?
I have never dealt with US Bank but I have with the other 4. I started my credit rebuild journey about 2 years ago;

wells Fargo -- started at 3k and still at 3k on 1 card
chase -- started at 5k and now at 64k on 3 cards
citi -- started at 10k and now at 65k on 4 cards
bank of America -- started at 5k and now at 30k on 1 card

so you can see that boa, chase, and citi will grow with you.

Were these SPs and/or HPs?

Re: Out of the 5 major banks.,,,(CLI Increase question)

OhioCPA — Tue, 19 Aug 2014 09:01:05 GMT

I received an auto CLI from BoA. My CL went from $6k to $10k on the one year anniversary of my previous CLI. This was right after heavy use on the card. This was a former secured card that unsecured at $1k.so far no auto increases from Citi nor Chase.

Re: Out of the 5 major banks.,,,(CLI Increase question)

Anonymous — Tue, 19 Aug 2014 09:14:18 GMT

BOFA-HP But will give you good CLI and thus worth it. especially with usage and age of account

Chase-Hard, never got a SP, but Doubled initial CL

US Bank-No clue

Wells Fargo-As of recently automated CLI SP from 13K CashBack to 18K on its 2 year anniversary

Citi-Mixed, have had 3 cards with them all CLI via HP

Re: Out of the 5 major banks.,,,(CLI Increase question)

coldnmn — Tue, 19 Aug 2014 10:48:24 GMT

My US Bank Ace in 2 1/2 years has auto CLI from $4k to $6k to $10k. My US Bank auto CLI from$5.5k to $10k in a year and a half. I have never asked for a CLI.

Re: Out of the 5 major banks.,,,(CLI Increase question)

Closingracer99 — Tue, 19 Aug 2014 12:48:38 GMT

@trumpet-205 wrote:
I have no experience with WF. Chase and BofA don't do SP for CLI request, it is always HP for them.

If you request CLI online Citi usually try to counter it first. if you accept counter offer or the request was approved instantly it is usually SP.

On rare occasion US Bank, Chase, and Citi will up CL on their own. Never requested CLI for US Bank so I don't know their policy on it.

Chase does do SP on request but I would say about 99.99% of the time it will be a HP.

Re: Out of the 5 major banks.,,,(CLI Increase question)

wmweeza — Tue, 19 Aug 2014 19:38:07 GMT

My limited experience since I've only had BofA:

After my card unsecured after 1 year they gave me a CLI 4 months later. Ever since then I have had auto CLI's from them at $600 each. No HP because these were all initiated by them.

I did do one CLI request (HP) from them to get my card to where it is now ($2800 to $5400), I could have easily requested more but I don't need it.

They've been good to me

Re: Out of the 5 major banks.,,,(CLI Increase question)

MissCredit9 — Tue, 19 Aug 2014 20:44:44 GMT

I went from 6k to 20k with Citi in one year. Cost me two hard pulls. Note: SP CLI's were offered but I wanted morecredit than was offered. Citi will definitely grow with you.