When to ask for credit line increase?

[Creditaddict]

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@paramed3 wrote:
Why close his credit one ? Mine was my first card so it has longest history of 8 years perfect payment. If I close it wipes all of that out.

I have 5 cards total. This month hit my next 6 months or credit line increases and went good.
US air mastercard is HP so left it alone
PayPal smart connect 6000 to 8000
Quicksilver 6000 to 8000
Jc penny 2850 to 4000
Credit one left alone at 1250

Total 31,250
8 years ago at 533 Fico I could not borrow a cent. I could not rent a car. It was a night mare. Took some hard work. Still seems like you have to beg when you ask for CL increase. I always ask for small increases of around 2000 to get approved based on touching 800 fico scores.

If my income was higher with my FICO scores not at or right into 800s I would ask for 20,000 per card shy of credit one. They make you pay for increases as most of you know.

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WTH... Close that piece of junk... That's CRAZY to have anything close to an 800 score and carry a Credit One!!!!!

[Anonymous]

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@Anonymous wrote:

I am done applying for new credit.  Here is a summary of cards that I was approved for:

New Cards: 5 (Chase Slate, Chase Sapphire Preferred, Amex Cash Blue, Discover It, Bofa Cash Rewards)

Old Cards: 2 (Credit One, Chase Slate-AU)

Total Credit Limit: $43,100

Total Utilization: $1,233.86

Utilization rate: 2.86%

How long should I wait for each of the new cards until I request a credit line increase? Does doing so affect credit score?

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Good job getting the CSP out of the way now. That's really the only card in your list that is desirable AND difficult to get.

[jeffm4688]

Closing credit one isn't going to wipe out the payment history, it'll still be on your report factored into your AAoA and payment history for another 7-10 years (i forget which).

 & to the OP. I think if it were me I'd wait till I got that amex up to 15-20K and it reported before asking for a CSP increase. I feel chase can be rewarding but amex might be a little easier to get higher limit initially.

[Imperfectfuture]

Why revive a two moth old thread, that OP has probably moved on from, to bring up closing credit one? I had rebuilder, slightly better than credit one, and closed when got Amex.

Credit one is run by lvnv, all under the Sherman Group, basically collection agencies. I would rather (and did) start with a secured CU card, then use credit one (but I am blacklisted).