When you ask for a CLI, do they review your charges?

[cr101]

Do they look at your actual charges/stores or just take a look at your credit report and general usage (spent x in Jan, x in Feb, etc)?

[KLEXH25]

I don't think the specifics of where you shop matters. Is that what you mean? I'm guessing different lenders look at different things, but the amount you spend / use their card is one of things.

[cr101]

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@KLEXH25 wrote:

I don't think the specifics of where you shop matters. Is that what you mean? I'm guessing different lenders look at different things, but the amount you spend / use their card is one of things.

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yes, that's what i meant. i was wondering about the times that you actually call and ask for a cli.i was wondering if they typically have your acct pulled up and look at your activity.

[Anonymous]

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@cr101 wrote:

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@KLEXH25 wrote:

I don't think the specifics of where you shop matters. Is that what you mean? I'm guessing different lenders look at different things, but the amount you spend / use their card is one of things.

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yes, that's what i meant. i was wondering about the times that you actually call and ask for a cli.i was wondering if they typically have your acct pulled up and look at your activity.

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When you call and ask for a credit limit increase the person you are talking is not determining wether you get a credit limit increase. They are just a CSR. You are not talking to an underwriter. All the are doing is "asking" the computer software if you should get a credit increase.

Where you are spending your money is not going to get you a CLI or deny you one.

[KLEXH25]

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@cr101 wrote:

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@KLEXH25 wrote:

I don't think the specifics of where you shop matters. Is that what you mean? I'm guessing different lenders look at different things, but the amount you spend / use their card is one of things.

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yes, that's what i meant. i was wondering about the times that you actually call and ask for a cli.i was wondering if they typically have your acct pulled up and look at your activity.

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A computer is making those decisions, which is based on some internal algorithm. Some things that matter could be how much you spend with their card, payment history, utilization (individual and aggregate), score, etc. This will be lender specific, and it's anyone's guess. But where you're shopping shouldn't matter.

[Nomad3]

Like mentioned above they don't care "where" you use their card, just that you are using it.

Charges, payments, utilization, etc. Internal scoring algorithms are trade secrets and no one will know exactly how they work and each lender is different. There are DP's for specific CCC's on what they like to see but YRMV applies. I put heavy spend on Cap1 because thats what they like to see and only got a $150 increase, which is killing my OCD because it's a weird CL now.

CSR's probably CAN see your transaction history if you need to dispute anything, but as far as limit increases go they just enter your requested increase and hit send and the computer runs it through the algorithms

[Aim_High]

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@KLEXH25 wrote:

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@cr101 wrote:

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@KLEXH25 wrote:

I don't think the specifics of where you shop matters. Is that what you mean?

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yes, that's what i meant.

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... This will be lender specific, and it's anyone's guess. But where you're shopping shouldn't matter.

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I think this is (probably) and (generally) true.  But there are possibly exceptions.  For example, when gathering data points on the Goldman Sachs Apple card related to requests for CLI, it appeared that having some "Apple" charges in store and/or with iTunes, etc. seemed to help hedge your odds of approval.  Not that spending on Apple alone was sufficient as much as it seemed to be (ONE) factor is the degree of success on CLI, with the most important being total use of the existing card's limit.  And I could imagine a similar result is possible for any co-branded card, such as an AMEX card I used to have cobranded for a department store.  But for a generic MC-Visa-AMEX, probably not at all. 

[Anonymous]

so they wont be judging my charges to tube sites for the premium content? haha

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@Nomad3 wrote:

Like mentioned above they don't care "where" you use their card, just that you are using it.

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[Anonymous]

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@Aim_High wrote:

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@KLEXH25 wrote:

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@cr101 wrote:

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@KLEXH25 wrote:

I don't think the specifics of where you shop matters. Is that what you mean?

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yes, that's what i meant.

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... This will be lender specific, and it's anyone's guess. But where you're shopping shouldn't matter.

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I think this is (probably) and (generally) true.  But there are possibly exceptions.  For example, when gathering data points on the Goldman Sachs Apple card related to requests for CLI, it appeared that having some "Apple" charges in store and/or with iTunes, etc. seemed to help hedge your odds of approval.  Not that spending on Apple alone was sufficient as much as it seemed to be (ONE) factor is the degree of success on CLI, with the most important being total use of the existing card's limit. 

Now see, i would have assumed that the Apple card wouldn't get as high of swipe fee on itunes etc. As say using it at regular retail would. 

After all, wouldn't this partnership be in place to benefit both parties?

Thus I'd think Goldman Sachs would want you to swipe it all over town, rather than strictly Apple charges.

[Meanmchine]

Nobody knows for sure.

I just wouldnt ask for a CLI while visiting Las Vegas