CLI keep on pushing don't stop or just apply for a new card?

[Anonymous]

I'm sure many of you have been in this situation. Been an established card holder (and it doesn't matter what major brand), then you decide to pull that CLI lever -- I meant click that button and it's either "Congrats!" or "We're sorry but we cannot approve your Credit Limit Increase at this time"... For the Congrats part, what was the highest CLI you've ever gotten? I've tried a few times in the past and the CLI yays were low (I know this is subjective, a few hundred bucks might be high for others). I know with CLI's it's a soft pull on your credit which is great but it's like scratching a lottery ticket or having that Forrest Gump moment.

I've also experienced no cigar on a CLI request ever on a card, but then immediately approved for a new card with a high CL (for practical purposes of this post, high CL baseline is $10K or above)

Yes and all above scenario assume you didn't file for BK, your credit is good, your inquiries haven't gone wild, and you have a good payment history no missed payments...

I'm just at a loss what the logic is. Do CCC's want you to open more CC's with them instead of just giving you a generous CLI on what you already have? Do cards with AF or no AF even weigh in on this equation?

[xaximus]

There has been plenty of times where I have not gotten a CLI but was approved for another card with a generous limit. I don't think we will ever know what the formula or algorithm is on CLIs. Some cards - heavy usage is a factor, others - its not, and then on the same card, heavy usage for some users is not a factor. So there really is no way of knowing how and when you'll get an increase. I guess really in the end for CC Lenders - it has to be worth it to them. Some may continously give CLI's until a certain point (IV or FR review), others may stop after some time pretty quickly.

For example, in my experience - my Discover card has grown very slowly, albeit I don't put a lot of charges on it, so that may be a reason, but for others, they may be doing the same thing yet theirs has been growing quicker then mines. My BoA cards have nearly doubled in limits since I've opened them, I don't charge too much to them either. So at the end - there really is no rhyme or reason on how CC lenders work, what may work for you may not work for someone else and vice versa. As far as AFs go, I don't think they really matter, CC lenders (from my understanding), don't really factor in the AF when giving CLIs.

[CreditInspired]

I agree that it’s no rhyme or reason and each lender has its own algorithm.

I still recall my mouth-wide-open moment in 2016 when I got a $15K SL NFCU cash rewards card. Prior to that, I only possessed 1 CC and that was the NFCU platinum for $4K, which I had for about 7 years.

Then this year, a few days after closing on a condo in March, I applied for an AmX and got $15K SL. After my 61 days, I got a $10K CLI.

I don’t put big spend on the cash rewards but do an AmX.

At this moment in time my UT is 5%.