How Risky Are CLI Requests right now?

[audioman00]

Every six months I generally request and am granted 10% - 30% CLIs on all my SP CLI cards. February went 6/6 and normally I'd be doing the same now in August. How risky do you think receiving routine CLIs are right now? I probably will add a total of 10% - 15% to my limits and I'm not increasing utilization (which is at 4%). Plan to app for one or two new cards in Sept and want to make sure the increases in my limits will not be viewed as aggressive credit seeking.

Appreciate your opinions. 

[Rogue46]

I think It depends on the lender, CapOne, Sync and Comenity I wouldn't take a shot at right now. They have been doing oddball moves recently and you don't want to get caught sticking your head out creating undo exposure on yourself

[audioman00]

Thanks @Rogue46 !

I avoid those lenders in general because of last time they did oddball things.

[Anonymous]

I don't see the harm in asking unless you already have outsized limits on a card. Don't want to bring attention to yourself.

I still am asking for CLIs but I really don't need more than like $5K TCL for my usage and I have something like $87K 🤷‍♂️

[GApeachy]

I ask all the time......constantly.

Who are your cards with? 

Is your income, housing, all that stuff still the same? 

No changes and justifiable spend shouldn't hurt, it might put eyes on you but if nothing has changed then the worst thing (to me) would be a 'no soup for you' type deal.

[audioman00]

Thanks @GApeachy 

Income has gone up about 20% since last requests, but all else is the same. Citi, disco, nfcu, boa are my SP CLI lenders. 

[Anonymous]

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@audioman00 wrote:

Thanks @GApeachy 

Income has gone up about 20% since last requests, but all else is the same. Citi, disco, nfcu, boa are my SP CLI lenders. 

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Wouldn't really be nervous about those other than maybe Disco and their asking for 4506-Ts lately. 

[GApeachy]

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@Anonymous wrote:

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@audioman00 wrote:

Thanks @GApeachy 

Income has gone up about 20% since last requests, but all else is the same. Citi, disco, nfcu, boa are my SP CLI lenders. 

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Wouldn't really be nervous about those other than maybe Disco and their asking for 4506-Ts lately. 

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Straight up @Anonymous , so with Disco I'd probably put the same ol' income unless you feel like the hassle is worth it.  I'd raise my income to what it is but the problem with that if you can't prove it 100% should they go with the 4506-T and not go with the paycheck stubs/bank stmts you're screwed.  If you really need more from Disco, they'll know it, they see it, if you don't really need the extra $$$ they may say, go away or they may say, alrighty .......submit this and btw, you're locked out temp. or permanently. 

Disco is the only gamble that if the spend isn't justifiable then I wouldn't bother with them.  I do ask all the time on Dh's Disco and they do tell me (him) to go away!  It's a low limit card $5.5k though, no spend on it to justify asking for more.  So that's why I don't think they fool with a tax request....there's just nothing really happening, I know I could be wrong so take that with a grain of salt. 

CapOne....put a few months of at least 30% of current limit spend on it, promise to spend at least 30% usage on the new spend (hone those math skills)  and they'll grant it more than likely, have for us.  You just gotta promise and show you utilize their credit.  

BOA, haven't a clue.

NFCU, clueless.

[GApeachy]

@audioman00  when I said prove it on the 4506-T  what I meant was, if you can't prove your current income because the tax request is for 2017, 2018, or 2019 and your raise was in 2020 well then they are liable to close your account.  That's why I say state the income they already have until later when you can prove it via the IRS.

BTW, Good Luck!

[Anonymous]

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@audioman00 wrote:

Every six months I generally request and am granted 10% - 30% CLIs on all my SP CLI cards. February went 6/6 and normally I'd be doing the same now in August. How risky do you think receiving routine CLIs are right now? I probably will add a total of 10% - 15% to my limits and I'm not increasing utilization (which is at 4%). Plan to app for one or two new cards in Sept and want to make sure the increases in my limits will not be viewed as aggressive credit seeking.

Appreciate your opinions. 

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If your employer reports salary information to The Work Number and you are relying on income as an individual that may help your case.

If your employer reports salary information to The Work Number but you are relying on household income, if creditor pulls that information then creditor may choose to deny or request 4506-T.