Request CLIs before CSP app?

Anonymous · ‎08-26-2018

Hi all,

I'm preparing to reapply for Chase Sapphire Preferred within the next 3 months and I can't decide if I should request CLIs on my two eligible cards this month. How much credit is too much for my income?

Right now, I have $16k credit across 3 accounts. If I got a large increase from USAA (+$10k) and a reasonable one from Discover (+$300), it'd put me at $27k across 3 accounts. Is that too much credit for my income to be issued new cards?

My Cards:

Citi ~ $5.5k ~ 14mo ~ 11%
USAA ~ $10k ~ 6mo ~ 9% (HP CLI eligible)
Discover ~ $1.3k~ 6mo ~24% (SP CLI eligible)
AU ~ $36k ~ 10yr
AU ~ $11k ~ 18yr

Income: $85k

Rent: $700/mo

Scores: 750 Experian, 730 Citi App, 730 Discover App

Utilization: ~12% overall

Inquiries: 2 EQ, 4 EX, 0 TU in past 2 years

Thanks!

Pikaboo-icu · ‎08-26-2018

Welcome to My Fico!

Very nice looking profile over-all.

It's not too much for your income as mine is about $20,000 less and I have appx. 120,000 in available credit.

Good Luck!!

FinStar · ‎08-27-2018

Your income/DTI will be taken into consideration for sure. That being said, your overall profile as a whole will be the determining factor.

If your profile is fairly good, USAA can be very generous with CLIs (just keep in mind any CLI initiated requests are HP unless you received a CLI pre-approved offer). Discover, as you may be aware, can be hit or miss.

Have you already tried a SP CLI for your Citi card?

Anonymous · ‎08-27-2018

Thanks for the replies!

Have you already tried a SP CLI for your Citi card?

Yes, got to it as soon as it turned 12 months

I decided to bite the HP from USAA. WOW!! Absolute MONSTER CLI!!

I called Discover to ask about CLI and they said it'd be another 2 or 3 days before it's eligible. I'll do their SP then.

This will surely help my chances with Chase.

FinStar · ‎08-27-2018

Congrats on the USAA CLI OP. Definitely a monster! 👍😁