Congratulations on your CLIs!
Congratulations on your CLI spree
@cf2701 wrote:A week or so ago I got my last item on my TU report corrected to show my student loans not in default, and to my suprise, they removed my very old 90+ day late without asking. (It was already removed from my other two reports). TU was my lowest score prior to this and it shot up 60 points (I was very happy) to 729, which is slightly higher but in line with my EQ and EX scores.
So, with that in mind, my only two accounts I have with Synchrony are with PayPal, both PP Credit and their PayPal Cashback Mastercard.
The PPMC I've had for a couple years and it started at...wait for it...$300! My lowest by far! It was over a year, they wouldn't budge on a CLI. Finally, I got a CLI to $900, then $2,700 within about 6 months. In February they upped it to $5,000, and I was happy. However, today I said what the heck, I got a good bump on my TU, lets see....and input $10,000. Boom! It's a good day!
Oh, did I mention that my PayPal credit started at $1,000 about the same time in 2018? That one was upped to around $5,000 prior to the switch from Comentiy to Synchrony. It's been there for a while, but this week I was also approved for a CLI to $10,000!
I have a couple cards that are over $10K, but honestly it's plenty for me. I never let my usage get above 5% anyway. So why do I still crave the higher credit lines? TBH, there isn't a really good reason other than its gratifying. Can anyone else relate?
Being trusted with credit is an honor for me. After going through my financial hardships and frankly making bad decesions in the past, I'm grateful to lenders that trust me. However, I'm NOT so grateful that I want to line their pockets with cash by paying a bunch of intrest. That would just make me unwise!
Question - It appears that Synchrony is warming up to me. The only card they offer that I am somewhat interested in would be Lowe's. I've been pretty (very?) aggressive the past 2 to 2.5 years with attaining accounts. Last 3 were in December 19. I'm looking to buy a home in 12 months. I'd like to get my Lowes account established prior to that. Do you think it would be wise to pull the trigger now or let things cool?
Thanks Community!
I really do love stories like this :-)
Congratulations on your success!!
10,000.00 on a credit card is alot to smile about
Enjoy this and thanks
for sharing your story,
Cheers
@cf2701 Super Congrats on your PayPal double luv!!! 
Lowe's is a great card, and it's a grower. Just make sure you use it
on a regular basis between now and the next 12 months. That way,
your limit will be where you want it to be and you won't have to go
looking for money after the fact. Congrats again on your success!!!
@Anonymous wrote:@cf2701 Super Congrats on your PayPal double luv!!!
Lowe's is a great card, and it's a grower. Just make sure you use it
on a regular basis between now and the next 12 months. That way,
your limit will be where you want it to be and you won't have to go
looking for money after the fact. Congrats again on your success!!!
Thank you very much for the feedback! That was kind of my thinking, take the hit now and since I've had a pretty amazing run the past couple years, let things settle for 12 months prior to my mortgage app in April or so of 2021. This should allow the Lowe's account to grow nicely, hopefully. (Allowing room for when I need it in the future, it will not be maxed with UTIL if I choose to carry a 0% promo for new home stuff)
I'll have to give it some thought. Next stop, Chase and Citi, but thats late 2021!
Thanks again!
@cf2701 wrote:... Do you think it would be wise to pull the trigger now ...
Yes. The SL might be low -- 500 or 1k -- so it needs a few months to grow. Good luck & congrats! on your CLI approvals.