Lowe's Card cli?

[Anonymous]

I just got my first cli from Lowe's for $5k! I'm so thankful for all the amazing tips and info from this community.

I called and tried to get more (initially asked for $10k), but they said $5k is the max limit I can get right now. I'm thinking it's because I haven't use any of it yet or my credit isn't quite high enough yet? Any thoughts/experience on getting subsequent increases with Lowe's?

Thanks!

[Anonymous]

Congrats on the CLI nonetheless! What's your TU FICO 8 score?

[Anonymous]

Thank you! I'm not sure about the score, but the free FICO I get from my Walmart card is 646. I requested the increase when I saw my score increase last week. I also got a Walmart increase after this score went up when in the past they did not raise me up.

[Anonymous]

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@Anonymous wrote:

Thank you! I'm not sure about the score, but the free FICO I get from my Walmart card is 646. I requested the increase when I saw my score increase last week. I also got a Walmart increase after this score went up when in the past they did not raise me up.

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I think that would be FICO 8 TU.

That would be why. Wait until you're above 680 and then you should be able to hit $17K. Otherwise, there may be a step up to $10K somewhere inbetween. You've definitely hit an underwriting policy limit based upon scoring.

[Anonymous]

Congrats on the 5K! Depending on your TU score and income, it is relatively easy to get a high CL on the Lowe's card. My DH was approved for a 3K starting line, called Credit Solutions before getting the card and asked for and was granted a 25K credit line. You have plenty of room to grow with this card. Call back in 6 months and ask for more if you still need it.

[Anonymous]

Thank you both, evoxtuna and georgiapeach!

I do need the extra credit in the next 3 months. If I could ideally get around $12k, that would cover all the upgrades I need, so it sounds like I might be pretty close.

I just paid off about $9k in revolving debt to bring my utilization down to around 44% or so when it was at 61% with the 646 score. I feel I may be very close once all the payoffs hit my TU report.

Thanks so much!

[Anonymous]

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@Anonymous wrote:

Thank you both, evoxtuna and georgiapeach!

I do need the extra credit in the next 3 months. If I could ideally get around $12k, that would cover all the upgrades I need, so it sounds like I might be pretty close.

I just paid off about $9k in revolving debt to bring my utilization down to around 44% or so when it was at 61% with the 646 score. I feel I may be very close once all the payoffs hit my TU report.

Thanks so much!

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I'm confident you'll be able to hit 17K soon. Good luck!

[Anonymous]

Thank you so much for the encouraging words!

[injustifiiable]

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@Anonymous wrote:

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@Anonymous wrote:

Thank you! I'm not sure about the score, but the free FICO I get from my Walmart card is 646. I requested the increase when I saw my score increase last week. I also got a Walmart increase after this score went up when in the past they did not raise me up.

---

I think that would be FICO 8 TU.

That would be why. Wait until you're above 680 and then you should be able to hit $17K. Otherwise, there may be a step up to $10K somewhere inbetween. You've definitely hit an underwriting policy limit based upon scoring.

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Including this as another data point as someone who has experienced the same. My scores were in the 640's when I got my Lowe's card and they wouldn't budge at $1K even...once my score went up to 692 (thanks to a baddie dropping off) I was able to get the full $10K I asked for and am thinking of asking for more.

Any baddies on your TU or is it just the UTIL that's keeping it low?

[Anonymous]

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@injustifiiable wrote:

Including this as another data point as someone who has experienced the same. My scores were in the 640's when I got my Lowe's card and they wouldn't budge at $1K even...once my score went up to 692 (thanks to a baddie dropping off) I was able to get the full $10K I asked for and am thinking of asking for more.

Any baddies on your TU or is it just the UTIL that's keeping it low?

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I know for a fact that you can get at least $17K. Give it a shot!