Kays Card Credit Limit Increase

[BRSlove]

I have a Kay Jewelers card through Genesis. I called to ask about a Credit Limit Increase because looking to bump up my max credit limit and this is one of my higest cards. When I called, they said I have to go into a physical Kay Jewelers location to do it. Has anyone had experience with this? I assume it is so they can "sell" you a high price item in order to get you that credit increase. 

Do I have to purchase an item for a credit increase for this card? If so, lets say I do purchase something and get a credit increase; can I just return the item the next day and keep the credit increase.

[M_Smart007]

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@BRSlove wrote:

I have a Kay Jewelers card through Genesis. I called to ask about a Credit Limit Increase because looking to bump up my max credit limit and this is one of my higest cards. When I called, they said I have to go into a physical Kay Jewelers location to do it. Has anyone had experience with this? I assume it is so they can "sell" you a high price item in order to get you that credit increase. 

Do I have to purchase an item for a credit increase for this card? If so, lets say I do purchase something and get a credit increase; can I just return the item the next day and keep the credit increase.

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I am not familiar with Kays.

But if you already have a high limit,

they may want in store ID verification or they may want to see why you need a higher limit?

Hopefully another forum member could better answer your question.

[GApeachy]

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@BRSlove wrote:

I have a Kay Jewelers card through Genesis.

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It appears this TL is in transition from Genesis to Comenity Bank.  You need to sign into your account and look for any further notices.  Also, it's possible not all accounts will transition over.  More info via Comenity....click.  

....also.

"The prior lender is now reporting your account as “Purchased by another lender” which is considered closed because they are no longer the processor of the account. While the previous processor will continue to report on that trade line for the time period during which they were the owner of your account, Comenity Bank will begin reporting your account starting from the time of the transition and going forward on a second trade line."

[M_Smart007]

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@GApeachy wrote:

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@BRSlove wrote:

I have a Kay Jewelers card through Genesis.

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It appears this TL is in transition from Genesis to Comenity Bank.  You need to sign into your account and look for any further notices.  Also, it's possible not all accounts will transition over.  More info via Comenity....click.  

....also.

"The prior lender is now reporting your account as “Purchased by another lender” which is considered closed because they are no longer the processor of the account. While the previous processor will continue to report on that trade line for the time period during which they were the owner of your account, Comenity Bank will begin reporting your account starting from the time of the transition and going forward on a second trade line."

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Thanks @GApeachy , I had not a clue ....as usual

[GApeachy]

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@M_Smart007 wrote:
Thanks @GApeachy , I had not a clue ....as usual 

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Awwww Smarty, why would you have a card when you

mine your own stones on that big ol' spread huh?!?  Ahahaha!

Hi HO Hi HO look at Smarty go....do do do do, do do do do

[BRSlove]

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@GApeachy wrote:

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@BRSlove wrote:

I have a Kay Jewelers card through Genesis.

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It appears this TL is in transition from Genesis to Comenity Bank.  You need to sign into your account and look for any further notices.  Also, it's possible not all accounts will transition over.  More info via Comenity....click.  

....also.

"The prior lender is now reporting your account as “Purchased by another lender” which is considered closed because they are no longer the processor of the account. While the previous processor will continue to report on that trade line for the time period during which they were the owner of your account, Comenity Bank will begin reporting your account starting from the time of the transition and going forward on a second trade line."

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Pardon my ignorance, so how does this affect me asking for a credit limit increase? Not sure why they told me to go to a physical store (they didn't say it wasn't possible to increase or mentioned what you posted about at all). Are you saying they are going to make me apply for a new card(hard pull) for the new lender? 

[GApeachy]

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@BRSlove wrote:

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@GApeachy wrote:

More info from Bread Financial aka Comenity....click. 

....also.

Are you saying they are going to make me apply for a new card(hard pull) for the new lender? 

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No, they can't force you to reapply but I would not incur a HP on an acct in Transition either.  Ride the wave.  Have you looked at your credit reports to see how it's reporting today?

Anyway, there may be one or more reasons that are more than likely due to the transition. ie. Closure, new tl will be created, transition to a mc or visa. 

Other than the links posted above you should receive more info. via snail mail explaining what will be happening to your specific account. Other than that it's all assumptions.

[GApeachy]

Btw, idk how others have attained a cli in the past.  I would stop by a local Kays and ask them about the process and if it's changed any recently. 

It could be their normal routine like suggested by @M_Smart007 .