@FinStar wrote:
@toi34 wrote:
@FinStar wrote:
@toi34 wrote:Hello~
I have a few Comenity cards that I used to get regular CLI's every 61 days or so.
For instance:
Jared/Kays had their own cli cycle
Ann Taylor/Express/Victoria Secret had their own cli cycles
Overstock had its own cycle
For the last three months I have not been able to get a CLI from either of these cards. Am I at my max exposure for Comenity?
What are the current limits on all of those? When was the last approved CLI on any of them? What are the denial letters stating?
Eventually, some cards reach a ceiling which depends on a couple of factors -- the maximum limit that Comenity allows per card (depending on the specific CC program), and the maximum limit that can be approved for any (or combined exposure) based on your overall profile and reported income.
Thanks for replying all!
Here are my current limits:
Express $0/$2000
Ann Taylor $0/$2750
**I use both cards every month for work clothes, but pay off the balances in full before the statement cuts.
Victoria Secret $0/$1900
**I use this card sometimes for candles at Bath and Body Works, but when I do I pay the balance off in full b/f statement cuts.
Eddie Bauer $0/$2000
**Haven't used this card since Summer 2021 for hiking clothes. When I did I paid the balance off in full before statement cut.
Jared's $0/13,500
Kay's $0/10,500
**I made a purchase on both cards in July and paid them both off by August.
Ulta $0/$1800
**I buy make-up and/or hair products every other month or so, but pay it off before statement cuts.
...so as you can see, I don't cary a balance and I use the cards regularly. None of my other cards carry balances either except for the $25 I leave on my CU MC for AZEO.
Maybe Comenity is out of money like a previous poster said.
It's obvious they're not running "out of money" since they are still continuing to lend and approve new accounts. What they're running out of is retail partnerships and/or additional revenue streams as some retailers have exited their contracts, others have switched lenders and the rest have closed shop.
For your specific situation, it sounds to me like they've tightened their purse strings, which would make sense. Given that most of their store cards have been considered low hanging fruit for newer credit profiles and rebuilders alike, it's possible that the gravy train might be more selective or coming to an end for some, especially at CLI time.
Based on the limits and accounts you currently have, they seem to be at fairly decent limits, no?
So, what are the denial letters stating for each of the ones you've tried?
Hi, thanks for your input. I've stopped requesting CLI's but the last time I did I received the usual canned "You've recently got an increase..."
I too have been getting denied the past few times asking for a CLI so I decided to leave it alone.
For what it's worth my exposure on 2 Comenity cards is just under $40k
@toi34 wrote:
@FinStar wrote:
@toi34 wrote:
@FinStar wrote:
@toi34 wrote:Hello~
I have a few Comenity cards that I used to get regular CLI's every 61 days or so.
For instance:
Jared/Kays had their own cli cycle
Ann Taylor/Express/Victoria Secret had their own cli cycles
Overstock had its own cycle
For the last three months I have not been able to get a CLI from either of these cards. Am I at my max exposure for Comenity?
What are the current limits on all of those? When was the last approved CLI on any of them? What are the denial letters stating?
Eventually, some cards reach a ceiling which depends on a couple of factors -- the maximum limit that Comenity allows per card (depending on the specific CC program), and the maximum limit that can be approved for any (or combined exposure) based on your overall profile and reported income.
Thanks for replying all!
Here are my current limits:
Express $0/$2000
Ann Taylor $0/$2750
**I use both cards every month for work clothes, but pay off the balances in full before the statement cuts.
Victoria Secret $0/$1900
**I use this card sometimes for candles at Bath and Body Works, but when I do I pay the balance off in full b/f statement cuts.
Eddie Bauer $0/$2000
**Haven't used this card since Summer 2021 for hiking clothes. When I did I paid the balance off in full before statement cut.
Jared's $0/13,500
Kay's $0/10,500
**I made a purchase on both cards in July and paid them both off by August.
Ulta $0/$1800
**I buy make-up and/or hair products every other month or so, but pay it off before statement cuts.
...so as you can see, I don't cary a balance and I use the cards regularly. None of my other cards carry balances either except for the $25 I leave on my CU MC for AZEO.
Maybe Comenity is out of money like a previous poster said.
It's obvious they're not running "out of money" since they are still continuing to lend and approve new accounts. What they're running out of is retail partnerships and/or additional revenue streams as some retailers have exited their contracts, others have switched lenders and the rest have closed shop.
For your specific situation, it sounds to me like they've tightened their purse strings, which would make sense. Given that most of their store cards have been considered low hanging fruit for newer credit profiles and rebuilders alike, it's possible that the gravy train might be more selective or coming to an end for some, especially at CLI time.
Based on the limits and accounts you currently have, they seem to be at fairly decent limits, no?
So, what are the denial letters stating for each of the ones you've tried?
Hi, thanks for your input. I've stopped requesting CLI's but the last time I did I received the usual canned "You've recently got an increase..."
Then that response means you're applying too often. They may have changed the the CLI from say, 30 days, 61 days, to 6 months. I've gottne that response and waited longer and ask again and the CLI was granted.
Well this may be a data point that has recently changed. I know it's been over 6 months since my last credit limit increase yet I have not charged anything in about a year . Maybe we have to show a little spend over some time to warrant an increase because I doubt $4150 is the dry up point for this card .
Thanks for sharing everyone !!!
Starting Score: 500