topic Re: CLI at activation? in General Credit Topics

CLI at activation?

Anonymous — Fri, 27 Apr 2007 17:19:05 GMT

Is this something you ask for or do they automatically give it to you? I'm just curious because I've seen many of you talk of getting a CLI at activation.

Re: CLI at activation?

Anonymous — Fri, 27 Apr 2007 20:47:07 GMT

You can request a CLI at activation, however the likelihood of getting one is probably slim unless you can come up with a good excuse why you need it or threaten not to activate with such a low limit.

Re: CLI at activation?

Anonymous — Fri, 27 Apr 2007 21:08:53 GMT

If your FICO jumped ten or fifteen points in that interval for whatever reason, you might want to try it.

Otherwise just be patient and diligent. Pay on time, keep utilization below 20% but above 0% (the CC companies like to see some activity on a card). Don't pay late anyplace else. If you have a sub-600 FICO, you'll need additional patience. But even if your FICO is in the basement, as time goes on (might take up to eighteen months or so), if you maintain a perfect record with that CC issuer, that will become more important to them than your FICO.

Re: CLI at activation?

Anonymous — Fri, 27 Apr 2007 21:14:18 GMT

I have no intentions of asking for a cli, I was just curious. Thanks for the info.

Re: CLI at activation?

Tuscani — Sun, 29 Apr 2007 14:43:14 GMT

No harm in asking! All they can do is say no.

Re: CLI at activation?

Anonymous — Sun, 29 Apr 2007 15:05:32 GMT

Tuscani wrote:
No harm in asking! All they can do is say no.

I was surprised when I called to cancel my best buy MasterCard I got by accident that they glady increased the limit

Re: CLI at activation?

Tuscani — Sun, 29 Apr 2007 16:40:30 GMT

Brammy wrote:

Tuscani wrote:
No harm in asking! All they can do is say no.

I was surprised when I called to cancel my best buy MasterCard I got by accident that they glady increased the limit

Same thing happened to me. Funny how they oblige when you threaten to cancel your account.

Re: CLI at activation?

Anonymous — Sun, 29 Apr 2007 16:50:47 GMT

Tuscani wrote
Same thing happened to me. Funny how they oblige when you threaten to cancel your account.

That is funny. I told I had no use for a 500.00 CL besides the interest rate is the highest of all my cards at 17%. Whats the point. Lady was saying well you could use it for emergencies. I'm like I have 12K in avail credit, if I have an energency bigger than that I'm going to the pen

Re: CLI at activation?

Tuscani — Sun, 29 Apr 2007 17:10:50 GMT

HAHA. That's almost as bad as getting a first premier with a $250 CL shipped with $190 of fees as your "emergency card".

I would never use a CC for emergencies anyway. Thankfully I am a homeowner with a nice HELOC for such things.

Re: CLI at activation?

Anonymous — Sun, 29 Apr 2007 17:18:46 GMT

Tuscani wrote:
HAHA. That's almost as bad as getting a first premier with a $250 CL shipped with $190 of fees as your "emergency card".

I would never use a CC for emergencies anyway. Thankfully I am a homeowner with a nice HELOC for such things.

Even stranger, I have another card with them (HSBC) with a 75 K limit with only 800.00 balance (zero percent 2% cash back) so if I have an emergency I'll probably be using that one

Maybe they were just hedging their bets since I have one decent limit card. But low limit cards really trash the report

Re: CLI at activation?

Anonymous — Sun, 29 Apr 2007 19:18:56 GMT

Brammy wrote:

Even stranger, I have another card with them (HSBC) with a 75 K limit with only 800.00 balance (zero percent 2% cash back) so if I have an emergency I'll probably be using that one

With a CL that high, it wouldn't help me in an emergency because by the time I got out of the fridge and let it thaw, it would be too late.

Re: CLI at activation?

Anonymous — Sun, 29 Apr 2007 19:57:21 GMT

HouseHunter wrote:
Brammy wrote:
Even stranger, I have another card with them (HSBC) with a 75 K limit with only 800.00 balance (zero percent 2% cash back) so if I have an emergency I'll probably be using that one

With a CL that high, it wouldn't help me in an emergency because by the time I got out of the fridge and let it thaw, it would be too late.

Oops left out the decimal... thats 7.5. If it were that high I would have already had a heart attack.