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Requesting CLI after payoff?

Kinglord
Regular Contributor

Requesting CLI after payoff?

Had a number of credit cards at 99% utilization. Paid off All to Zero except one. How long should I wait to request CLI?

Should I request on one, two or all??


$47K Limits, 4% Utilization
8 REPLIES 8
HeavenOhio
Community Leader
Senior Contributor

Re: Requesting CLI after payoff?

How long did you carry those high balances? What’s the utilization on the card that’s left to pay off?

If you list the banks involved, we could probably give you a better answer. Some might base CLI offers on old pulls, meaning that you should probably wait longer for some cards than others.
Message 2 of 9
Kinglord
Regular Contributor

Re: Requesting CLI after payoff?

Almost Carried them all for 3 years. Now All at zero except Discover with a $10 balance

Discover $3100
Citi Costco $2100
Cap 1 Quicksilver $2100
Cap 1 Platinum $1600
Cap 1 GMC $1250
US Bank $1000
Chase Freedom Unlimited $1000
AMEX Optima $500
Merrick Bank $500




$47K Limits, 4% Utilization
Message 3 of 9
ImTheDevil
Community Leader
Super Contributor

Re: Requesting CLI after payoff?

Amex, CapOne, and Disco are all SP CLIs so there’s no harm in trying, but I’d wait a month for internal scores on Disco and Amex to catch up (or at least check the score they have listed in your account). CapOne tends to like heavy use and PIF before raising limits so YMMV there. As for Amex and Disco, it could go either way. I have no info on the others you listed as I don’t have cards with them.


Platinum NPSL | Rose Gold NPSL | BCP | Delta Gold | Hilton Surpass | Hilton Honors | FNBO Prime Visa | PenFed PCR | Navy cashRewards | Navy Platinum | Apple | IT Cash | IT Chrome | GHSFCU Visa Plat | Quicksilver | Target | VS | Home Depot | Lowes | Sams MC | Firestone | Overstock | Kohl’s | Key Bank auto loan (2017 Audi A6 Premium Plus S-Line)





Message 4 of 9
KLEXH25
Valued Contributor

Re: Requesting CLI after payoff?

You'll want to wait until all the new balances report at the very least, and let your scores update. Also make sure that no one reduces your CL now that they've been paid off (high possibility if ALL cards have been at 99% for 3 years). Citi Costco can be a SP or HP depending on the language on the CLI page.





Message 5 of 9
SACT51
Frequent Contributor

Re: Requesting CLI after payoff?

Don't wait, just ask.

Message 6 of 9
Queen_Etherea
Valued Contributor

Re: Requesting CLI after payoff?


@SACT51 wrote:

Don't wait, just ask.


Agree! Just try for the one's that are going to be a SP. There's absolutely not harm in asking on those accounts. I ask weekly, sometimes multiple times a week, on the accounts that do SP CLI's. 

I think I've found the sacred map that may lead me to this garden everyone keeps talking about.



Officially collection free as of 3/19/19!!
STARTING SCORES: 377 (11/2013) & 580 (3/2018)
Message 7 of 9
calyx
Super Contributor

Re: Requesting CLI after payoff?

I'd wait on USBank - they tend to give autoCLIs at about 9months.
If you ask, it will likely be an HP.

RIP:

F8 EQ: 809 | EX: 802 | TU: 805 | Accounts: 0/6 3/12 5/24
Happy practitioner of AZE7or8or9or10 | Team Finances > FICO
Message 8 of 9
titancylinder
Contributor

Re: Requesting CLI after payoff?


@SACT51 wrote:

Don't wait, just ask.


Agreed. I paid off my Capital One cards 5300 across two, then applied for CLI's after midnight on those two cards and they gave me 2.5x my current limit. 

BK Discharged 11/16 Medical Debt & CC Debt due to Medical Debt
Current Cards As of 11/6/2020: Capital One Spark Cash Visa Signature Business 11000, Capital One Venture One 5500, NFCU MR 5900, NFCU Plat 7100 SYNC LOWES 4400 SYNC Sams 3500, SYNC B&H Photo 3500, TD Bank/Red 2900
Cards being axed soon: 2 Credit One (BK Builder) 850 and 900 cl's & TD Bank/Red

EQ F9 680
Message 9 of 9
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