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Lowes denied increase to $25k

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masscredit
Valued Contributor

Lowes denied increase to $25k

I just called Lowes for a CLI. Current limit is $17K. Asked for $25K and thought I'd at least get into the low $20K range.  I didn't get any luv at all.  That was a surprise! 

 

My 4th statement cut yesterday but the card is a little less than 4 months old. Maybe that had something to do with it.  I'll see what the letter says when it comes in.

Pre-Credit Rebuild Scores Pre-DC (3/24/22) - EQ - 524 / TU - 519 / EX - 495

Current Scores - EQ - 659 / TU - 663 / EX - 677

Apple Card - $5500 / TD Bank - $5000 / Mercury - $5000 / Capital One Savor One- $5000 / SDFCU Secured - $4990 / Capital One QuickSiver - $4500 / Ally Master Card - $2800 / Walmart Mastercard - $2500

Andrews FCU SSL $1500
Message 1 of 33
32 REPLIES 32
Anonymous
Not applicable

Re: Lowes denied increase to $25k

Did you call Lowe's or Credit Solutions?  Big difference. Call CS. 

Message 2 of 33
Anonymous
Not applicable

Re: Lowes denied increase to $25k

I wouldn't even worry about a CLI. Unless you run businesses in home remodeling you have a more than sufficient limit
Message 3 of 33
masscredit
Valued Contributor

Re: Lowes denied increase to $25k

I called CS.  I really don't need the addition credit but they are known for high limits so I figured I'd see if they would bump it up a little more.

Pre-Credit Rebuild Scores Pre-DC (3/24/22) - EQ - 524 / TU - 519 / EX - 495

Current Scores - EQ - 659 / TU - 663 / EX - 677

Apple Card - $5500 / TD Bank - $5000 / Mercury - $5000 / Capital One Savor One- $5000 / SDFCU Secured - $4990 / Capital One QuickSiver - $4500 / Ally Master Card - $2800 / Walmart Mastercard - $2500

Andrews FCU SSL $1500
Message 4 of 33
kdm31091
Super Contributor

Re: Lowes denied increase to $25k

Be careful requesting increases that you don't need/won't use as some lenders do take AA if you are overexposed.
Message 5 of 33
Anonymous
Not applicable

Re: Lowes denied increase to $25k

Yeah I just don't get the "I am requesting a CLI but I don't need it" lol. But to each their own. Most of the people on this site that suffer from AA are aggressive credit and CLI seekers.
Message 6 of 33
masscredit
Valued Contributor

Re: Lowes denied increase to $25k

I think I should remember those words and try not to get caught up thinking "just a little higher". My main goal was to break $100K. Did that.  Next is $112K. That's so I could carry a $10K balance if I want to (round number) without having a total utilization of more than 9%. And the final goal is $120K because it looks good. (I know, strange reasons). 

 

Either way I'm doing good so maybe I should throttle back on aggressive growth now. My main cards are spread out between 3 lenders so I'd be very unhappy if I saw an AA from one of them. 

Pre-Credit Rebuild Scores Pre-DC (3/24/22) - EQ - 524 / TU - 519 / EX - 495

Current Scores - EQ - 659 / TU - 663 / EX - 677

Apple Card - $5500 / TD Bank - $5000 / Mercury - $5000 / Capital One Savor One- $5000 / SDFCU Secured - $4990 / Capital One QuickSiver - $4500 / Ally Master Card - $2800 / Walmart Mastercard - $2500

Andrews FCU SSL $1500
Message 7 of 33
kdm31091
Super Contributor

Re: Lowes denied increase to $25k

Just try not to overthink it. Low utilization is nice but it's not a big deal in the long run if you have 11 percent vs 9 percent, etc
Message 8 of 33
Meanmchine
Super Contributor

Re: Lowes denied increase to $25k

Did you even use the card?

>3/2016 EX 644 CK-TU 642 CK-EQ 660 WalMart- 671.
>5/2023 All 3 reports 840ish (F8) F9s = 850 but my app finger is still twitching
Message 9 of 33
masscredit
Valued Contributor

Re: Lowes denied increase to $25k


@Meanmchine wrote:

Did you even use the card?


I was supposed to use it? j/k  Smiley Happy  I ran a few hundred though it the first month, made a small purchase the second month then let about $860. report this month. This was the first month that I let a balance report. 

Pre-Credit Rebuild Scores Pre-DC (3/24/22) - EQ - 524 / TU - 519 / EX - 495

Current Scores - EQ - 659 / TU - 663 / EX - 677

Apple Card - $5500 / TD Bank - $5000 / Mercury - $5000 / Capital One Savor One- $5000 / SDFCU Secured - $4990 / Capital One QuickSiver - $4500 / Ally Master Card - $2800 / Walmart Mastercard - $2500

Andrews FCU SSL $1500
Message 10 of 33
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