Apple Card CLI DP Chat with Goldman Sachs Rep

[Jordan23ww]

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@NoMoreE46 wrote:

Appreciate you sharing your details @bigseegar.   

Thanks for your CLI DPs  @Jordan23ww. 

I paid off my 13 Mini early and have had no success with any of my CLI requests.  Admittedly, I am not spending the same 20% or so of my CL monthly as was the case when it was $6000 to $8000;  now at $14000.   

Be interested if paying off your two iPhones will then allow a CLI @Cashbackjunky   (I do know that it is already pretty high at $25k)

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@Jordan23ww wrote:

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@Cashbackjunky  the installment plans can definitely be a reason for a limit increase denials but can also be beneficial too! When I first got my Apple Card I got a new MacBook on an installment plan. When I asked for a limit increase at 91 days I was denied for not paying off enough of my balance yet. I paid off the the installment and asked again a month later and got an increase.  

For my next few requests I made for a limit increase I kept getting denied for not using my current limit enough. I went a year between my first and 2nd increase because of this denial reason.  I ended up getting another MacBook on installment and asked for a limit increase after paying down part of the installment.  My installment was still using 24% of my current limit though and they approved my request. 

Every increase I've gotten has either happened after paying off an installment or while I've had an installment going on. Outside of the installment spending I've done I don't ever seem to spend enough to satisfy the amount Goldman Sachs deems acceptable for a limit increase. Haven't gotten an increase since January 2022 because if this. 

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@NoMoreE46 you're welcome! Happy to share! 

[babbles]

yes, that's what I meant so with a $15 balance @15.99%  what's that about 6 cents per day interest if i forget and PIF about 3 of 4 days after closing?

and thanks your'e right to pay off the balance after statement closing!

[fm92555]

I have used the card quite a bit in the past. 

i wanted higher limits as a buffer in case I had to make a large dollar amount purchase so it would not rank my scores and to get higher limits on other cards.

I was almost guaranteed an increase every 90 days as long as I charged a certain percentage of my available credit line within that period.  

I was able to work my credit line up to 39k, and some of my other accounts followed suit with CLI's near that amount, a good buffer for emergencies or opportunities without having to tank your scores.