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So, I have a US Bank Cash+ card that is about 6 months old. Has a $3000 limit and would like to get a CLI because I am taking advantage of the 15 month 0% I have, that and the balance is almost maxed out due to some unexpected expenses. I have yet to be able to request one online and I cannot do a HP right now since they'll pull TU. I also have a Discover card that got an auto increase a couple months ago. I know Discover likes to see heavy usage but do they not like when you carry a balance for a long time (still has 0% APR until the end of December). I have given up on trying to figure out how to get one for my Best Buy Visa, hopefully someone has experience with it.
The best time to ask for CLIs is when your utilization isn’t high. Lenders like to give you credit when you don’t need it, not when you do.
You could knock yourself silly trying to figure out Discover. Simply avoid dragging out a large balance while paying only the minimum. Otherwise, it seems that anything goes.
Make a request once your previous increase is 60 days old. After that, request 60 days after an approval and 30 days after a denial.
If your card is under 6 months old, you have to call because it goes through UW
After that, link will show up online. There will be TU pull
If you can be patient, US Bank is known to do auto CLI around 8th or 9th statement. Not everyone gets them, but if you can wait to see what happens, might save you a HP
AS far as Disco, ask, I've gotten large CLIs with high utilization, and I got them with no use. Push the button and see what 8ball says
@aircobra wrote:So, I have a US Bank Cash+ card that is about 6 months old. Has a $3000 limit and would like to get a CLI because I am taking advantage of the 15 month 0% I have, that and the balance is almost maxed out due to some unexpected expenses. I have yet to be able to request one online and I cannot do a HP right now since they'll pull TU. I also have a Discover card that got an auto increase a couple months ago. I know Discover likes to see heavy usage but do they not like when you carry a balance for a long time (still has 0% APR until the end of December). I have given up on trying to figure out how to get one for my Best Buy Visa, hopefully someone has experience with it.
My US Bank card is the only one with the high UTI (as explained). My Disco has a balance of $700 with a $2300 CL. Anytime Disco has denied me a CLI (prior to the auto CLI a couple months ago), they made it seem like it was because I wasn't using the card.
@aircobra wrote:My US Bank card is the only one with the high UTI (as explained). My Disco has a balance of $700 with a $2300 CL. Anytime Disco has denied me a CLI (prior to the auto CLI a couple months ago), they made it seem like it was because I wasn't using the card.
You’re probably getting insufficient experience with card. How long have you had it?