CLI: What bank/card should I request an increase from for large, one time expenses?

[Joleybear]

We just closed on our first home, but we need to pay for a few purchases and renovations. I'm hoping to get a credit increase on one or more cards.

This is super long, so, in case you want to skip ahead, I marked with emojis:

💳 Anywhere Credit Cards/Accounts

🛍 Store Limited Cards

📊 FICO Scores as of 03/10/23

🧐 Credit History Details

I never really cared to raise my credit limits very high before, except to maintain a low percentage of utilization, but it would be nice to have a higher limit so:

A. We could afford appliances or renovations outside the reach of our remaining available cash if the option to split the bill isn't available; we could use credit, pay the cash amount back immediately and the rest over time.

B. We may be able to keep our utilization acceptable despite these new expenses. By we, I mean myself and my fiancé who is the co-owner. He is an authorized user on many of my cards.

Below, I am providing all of my credit cards and their current limits as well as my FICO 8 and FICO Bankcarb 8 scores from today, 03/10/23. I added details from my report in case that may change what banks are likely to approve an increase. If you've looked into raising your credit limit with any of the banks I have, which do you feel was most open to doing so, or which do you think is the best option? I'm trying to avoid multiple hard inquiries, and I'm not sure who uses a hard vs. soft pull for an increase.

💳 "Anywhere" Credit Cards/Accounts:

Chase Disney Premier Visa 5.6k

Discover It Chrome 4k

Capital One Quicksilver 2.6k

Synchrony PayPal Credit 1,769 🦌

WebBank PayPal Cash back Mastercard 1.5k

Merrick Bank Mastercard 1.4k

Comenity Card 750 🦌

Chase Amazon Prime Rewards Visa Signature 500 🦌 

Deserve Student 300 🦌

🛍 Store Limited Cards, possibly useful:

Citibank Home Depot Store Card 1.5k

Citibank Best Buy 1.5k

Capital One Walmart Rewards 1.5k

Target 300 🦌

🤷‍♀️Store Limited Cards, probably useless:

Commenity Victoria Secret 1k

Commenity Children's Place 300 🦌

I love my Chase Disney Premier, but I know you need to call on the phone for Chase and I'm a bit anxious 😅

The fact that I need to call to request a CLI makes me feel like I'm going to be aggressively interrogated.

📊FICO scores 03/10/23:

Equifax:

              FICO 8: 717

              FICO Bankcard Score 8: 732

TransUnion:

              FICO 8: 740

              FICO Bankcard Score 8: 752

Experian:

               FICO 8: 713

               FICO Bankcard Score 8: 715

🧐Credit History Details:

❌️1 old late payment from years ago

🔸️1% utilization

🔸️no collections

🔸️Credit Mix: Exceptional

I have a lot of student loan debt and am finishing my Doctorate in Pharmacy within a year, but I chose to stay on a payment plan, so all except 1 are not in deferment. 

Our household has about 70k annual income, give or take.

My score is kept down mostly due to "Length of Credit History" or average credit age and "Amount of New Credit" because every time I get a new student loan, those are negatively affected. 

TL : DR - See emoji guide at beginning to skip around. I'd like opinions on what banks/cards I have are best for requesting a decent CLI without adding a ton of hard inquiries.

Thank you for any help. 

If you read or skimmed this entire novel, you're the real MVP.

[Lou-natic]

I mean if it's for home use then the first one to look toward should be your home-depot card right? That will be a SP CLI if available.

If you have a Lowes nearby a Synchrony Lowes Advantage card might not be a bad idea. One of the few Sync cards where you don't have to call their credit solutions line for a limit higher than 10k and its SP CLIs up to 35k as I recall.

[Joleybear]

---

@Lou-natic wrote:

I mean if it's for home use then the first one to look toward should be your home-depot card right? That will be a SP CLI if available.

If you have a Lowes nearby a Synchrony Lowes Advantage card might not be a bad idea. One of the few Sync cards where you don't have to call their credit solutions line for a limit higher than 10k and its SP CLIs up to 35k as I recall.

---

The only thing with that is we're hiring contractors too and I'm not sure if we'll spend more at the store or on the labor so I'd like it to be a flexible limit, if that makes any sense. Wow a 35k Credit limit is very high for a store card isnt it? Lol. I will definitely consider that one... thank you. I had no idea. I dont have a Lowes card, but I am on one as an authorized user and it's in good standing. I assume I would qualify for one if I decide to go that route. 

[NoMoreE46]

You do not need to call in for a Chase credit line increase. The option is available from the app and website.

So if you are adverse to calling in stay away from Wells Fargo -that's the bank that requires a phone conversation for credit line increases. 

[Joleybear]

---

@NoMoreE46 wrote:

You do not need to call in for a Chase credit line increase. The option is available from the app and website.

So if you are adverse to calling in stay away from Wells Fargo -that's the bank that requires a phone conversation for credit line increases. 

---

What? Where? I have been looking for years and it always said call to request it... I clearly am not tech savvy Lol

[NoMoreE46]

No worries, these are kind of buried.  I am having issues with pics, so plain text is the best I can do now. 

In the App, select the card for the CLI.

Scroll to the:

Request a credit limit increase      >    and tap it.

From the website, select the card for CLI.

Towards the right center click More. 

Select Account Services

>  Request a credit limit increase

---

@Joleybear wrote:

---

@NoMoreE46 wrote:

You do not need to call in for a Chase credit line increase. The option is available from the app and website.

So if you are adverse to calling in stay away from Wells Fargo -that's the bank that requires a phone conversation for credit line increases. 

---

What? Where? I have been looking for years and it always said call to request it... I clearly am not tech savvy Lol

---

[RealEstateGuy89]

---

@Joleybear wrote:

We just closed on our first home, but we need to pay for a few purchases and renovations. I'm hoping to get a credit increase on one or more cards.

This is super long, so, in case you want to skip ahead, I marked with emojis:

💳 Anywhere Credit Cards/Accounts

🛍 Store Limited Cards

📊 FICO Scores as of 03/10/23

🧐 Credit History Details

I never really cared to raise my credit limits very high before, except to maintain a low percentage of utilization, but it would be nice to have a higher limit so:

A. We could afford appliances or renovations outside the reach of our remaining available cash if the option to split the bill isn't available; we could use credit, pay the cash amount back immediately and the rest over time.

B. We may be able to keep our utilization acceptable despite these new expenses. By we, I mean myself and my fiancé who is the co-owner. He is an authorized user on many of my cards.

Below, I am providing all of my credit cards and their current limits as well as my FICO 8 and FICO Bankcarb 8 scores from today, 03/10/23. I added details from my report in case that may change what banks are likely to approve an increase. If you've looked into raising your credit limit with any of the banks I have, which do you feel was most open to doing so, or which do you think is the best option? I'm trying to avoid multiple hard inquiries, and I'm not sure who uses a hard vs. soft pull for an increase.

💳 "Anywhere" Credit Cards/Accounts:

Chase Disney Premier Visa 5.6k

Discover It Chrome 4k

Capital One Quicksilver 2.6k

Synchrony PayPal Credit 1,769 🦌

WebBank PayPal Cash back Mastercard 1.5k

Merrick Bank Mastercard 1.4k

Comenity Card 750 🦌

Chase Amazon Prime Rewards Visa Signature 500 🦌 

Deserve Student 300 🦌

🛍 Store Limited Cards, possibly useful:

Citibank Home Depot Store Card 1.5k

Citibank Best Buy 1.5k

Capital One Walmart Rewards 1.5k

Target 300 🦌

🤷‍♀️Store Limited Cards, probably useless:

Commenity Victoria Secret 1k

Commenity Children's Place 300 🦌

I love my Chase Disney Premier, but I know you need to call on the phone for Chase and I'm a bit anxious 😅

The fact that I need to call to request a CLI makes me feel like I'm going to be aggressively interrogated.

📊FICO scores 03/10/23:

Equifax:

              FICO 8: 717

              FICO Bankcard Score 8: 732

TransUnion:

              FICO 8: 740

              FICO Bankcard Score 8: 752

Experian:

               FICO 8: 713

               FICO Bankcard Score 8: 715

🧐Credit History Details:

❌️1 old late payment from years ago

🔸️1% utilization

🔸️no collections

🔸️Credit Mix: Exceptional

I have a lot of student loan debt and am finishing my Doctorate in Pharmacy within a year, but I chose to stay on a payment plan, so all except 1 are not in deferment. 

Our household has about 70k annual income, give or take.

My score is kept down mostly due to "Length of Credit History" or average credit age and "Amount of New Credit" because every time I get a new student loan, those are negatively affected. 

TL : DR - See emoji guide at beginning to skip around. I'd like opinions on what banks/cards I have are best for requesting a decent CLI without adding a ton of hard inquiries.

Thank you for any help. 

If you read or skimmed this entire novel, you're the real MVP.

---

You can ask for a Sp CLI's every 30 days on your Discover card. You can ask from the app or website.

I have a Home Depot card and it started out low and I am up to $20k now with the last two CLI's but each one of them was a hard pull.  The first time it raise to $10k and the second time it went to $20k. 

If you're open to getting a new card, the FNBO Evergreen has a prequalification tool that will let you know your credit limit and interest rate before you apply. Then it's your choice to apply to see if you're approved and take a hp. Your chances of getting approved are good if you pre-qualify. They generally give high limits and you always get 2% back of every purchase, which would be really nice if you're buying appliances and stuff for the house.  It's a good quality bank and one that can grow with you over time. CLI's are every four months and pretty decent. Here it is:  FNBO Evergreen prequalification tool

GL! 

[Joleybear]

---

@RealEstateGuy89 wrote:

---

@Joleybear wrote:

We just closed on our first home, but we need to pay for a few purchases and renovations. I'm hoping to get a credit increase on one or more cards.

This is super long, so, in case you want to skip ahead, I marked with emojis:

💳 Anywhere Credit Cards/Accounts

🛍 Store Limited Cards

📊 FICO Scores as of 03/10/23

🧐 Credit History Details

I never really cared to raise my credit limits very high before, except to maintain a low percentage of utilization, but it would be nice to have a higher limit so:

A. We could afford appliances or renovations outside the reach of our remaining available cash if the option to split the bill isn't available; we could use credit, pay the cash amount back immediately and the rest over time.

B. We may be able to keep our utilization acceptable despite these new expenses. By we, I mean myself and my fiancé who is the co-owner. He is an authorized user on many of my cards.

Below, I am providing all of my credit cards and their current limits as well as my FICO 8 and FICO Bankcarb 8 scores from today, 03/10/23. I added details from my report in case that may change what banks are likely to approve an increase. If you've looked into raising your credit limit with any of the banks I have, which do you feel was most open to doing so, or which do you think is the best option? I'm trying to avoid multiple hard inquiries, and I'm not sure who uses a hard vs. soft pull for an increase.

💳 "Anywhere" Credit Cards/Accounts:

Chase Disney Premier Visa 5.6k

Discover It Chrome 4k

Capital One Quicksilver 2.6k

Synchrony PayPal Credit 1,769 🦌

WebBank PayPal Cash back Mastercard 1.5k

Merrick Bank Mastercard 1.4k

Comenity Card 750 🦌

Chase Amazon Prime Rewards Visa Signature 500 🦌 

Deserve Student 300 🦌

🛍 Store Limited Cards, possibly useful:

Citibank Home Depot Store Card 1.5k

Citibank Best Buy 1.5k

Capital One Walmart Rewards 1.5k

Target 300 🦌

🤷‍♀️Store Limited Cards, probably useless:

Commenity Victoria Secret 1k

Commenity Children's Place 300 🦌

I love my Chase Disney Premier, but I know you need to call on the phone for Chase and I'm a bit anxious 😅

The fact that I need to call to request a CLI makes me feel like I'm going to be aggressively interrogated.

📊FICO scores 03/10/23:

Equifax:

              FICO 8: 717

              FICO Bankcard Score 8: 732

TransUnion:

              FICO 8: 740

              FICO Bankcard Score 8: 752

Experian:

               FICO 8: 713

               FICO Bankcard Score 8: 715

🧐Credit History Details:

❌️1 old late payment from years ago

🔸️1% utilization

🔸️no collections

🔸️Credit Mix: Exceptional

I have a lot of student loan debt and am finishing my Doctorate in Pharmacy within a year, but I chose to stay on a payment plan, so all except 1 are not in deferment. 

Our household has about 70k annual income, give or take.

My score is kept down mostly due to "Length of Credit History" or average credit age and "Amount of New Credit" because every time I get a new student loan, those are negatively affected. 

TL : DR - See emoji guide at beginning to skip around. I'd like opinions on what banks/cards I have are best for requesting a decent CLI without adding a ton of hard inquiries.

Thank you for any help. 

If you read or skimmed this entire novel, you're the real MVP.

---

You can ask for a Sp CLI's every 30 days on your Discover card. You can ask from the app or website.

I have a Home Depot card and it started out low and I am up to $20k now with the last two CLI's but each one of them was a hard pull.  The first time it raise to $10k and the second time it went to $20k. 

If you're open to getting a new card, the FNBO Evergreen has a prequalification tool that will let you know your credit limit and interest rate before you apply. Then it's your choice to apply to see if you're approved and take a hp. Your chances of getting approved are good if you pre-qualify. They generally give high limits and you always get 2% back of every purchase, which would be really nice if you're buying appliances and stuff for the house.  It's a good quality bank and one that can grow with you over time. CLI's are every four months and pretty decent. Here it is:  FNBO Evergreen prequalification tool

GL! 

---

I am considering both and thank you for the link! I meant to look earlier because someone mentioned it and then I completely forgot. My kids distracted me lol I appreciate you bringing it up and linking me because, honestly, I'd probably have forgotten it existed all over. Thank you for your help and the luck!