Apple CLI denied again……

[RT209]

Last increase was on 8-27-23. Went from $8500-$10,000

Asked last month on 2-7-24. Denied "haven't used or paid enough" message

Asked today 3-8-24. Denied "haven't used or paid enough" once again.

Im spending around $1,500 or more each month on the card. Averaging 70 or more transactions monthly. I pay the balance off each statement. Never paid GS interest. Maybe they want me to max the card out? Haha. I guess I'll keep plugging away. Or GS is tightening ship. 

Transunion score they pulled was 824 (FICO score 9)

My FICO 8 scores currently are Equifax 832, Transunion 837, Experian 829. 

[md_rebuild]

The same thing happened to me.

The first 2 times I tried for a CLI with GS, it was "usage too low", even thought my CL was $7.5K and I was putting about $1K on it each month.  

So, I simply moved my spend from every other card to it, and was putting about $6K a month, PIF.   Did that for about 3 months...the next time I asked, I got it incrased to $11K.   Moved my spend off, sock-drawered it for about a year ($100 a month)...and then started again, putting about $5K-6K a month, and put some large purchases on it.   Did that for about 3 months, and just hit them up a month ago...got a $5K increase to $16K.

So, for me and my profile, I've learned they like lots of transactions and heavy usage.   For others it might be different.

[NoMoreE46]

DPs have suggested that 25% or more spend of your CL to be CLI worthy for GS.  Also, probably need to be less than 4/12 Inq with TU as well.  

[elboullee]

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@NoMoreE46 wrote:

DPs have suggested that 25% or more spend of your CL to be CLI worthy for GS.  

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Just curious, is this supposition about spending 25% of CL in total over a period of three or four months before the request, or 25% of CL every month for three or four months before the request?

[NoMoreE46]

Thanks for this good clarification  question @elboullee.  

The 25% figure would be monthly but hoping @Aim_High would correct me / elaborate further. 

[CorpCrMgr1]

Sorry about your denial.

[Aim_High]

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@NoMoreE46 wrote:

Thanks for this good clarification  question @elboullee.  

The 25% figure would be monthly but hoping @Aim_High would correct me / elaborate further. 

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Thanks for the tag, @NoMoreE46. 

The "Percentage of Credit Limit" used figure about Apple card is often misunderstood.   Sure, a higher monthly spend is always good.  But the reference in community data points about card utilization versus credit limit was not monthly; it was the total spent in-between CLI requests.  So, for example, if CL is $10K and you're striving for 25% total utilization minimum over a six month period between CLI request, you'd take 10,000 x 0.25 = $2,500 / 6 = about $417 minimum or average over that period.  So no, you don't have to spend 25% month-over-month.  It probably helps for that spend to be recent.  So if you spent heavily for months, sock drawer the card, and then ask for CLI nine months later, I would expect it to be less effective than heavy usage immediately prior to the request. 

[NoMoreE46]

So ~25%  of the CL since the last CLI.  Appreciate  the clarification @Aim_High !

[gorgon]

Sorry to hear about your CLI denial. Better luck next time.

[triplej0718]

Yes this is 100 percent true. I spend around 5 to 6k every month on my Apple card and for the last 3 CLI which were 6 months apart, I've gotten 10k increases every single time.

Feb2023:27K

August2023:37K

Feb2024:47K

Yes my current limit is 47k and 99 percent of all my transactions are with apple pay which is 2 percent cash back.