Self VISA unsecured CLI

[FreedomHammer]

I've had a Self VISA card since February of this year. Two months ago, Self started giving me $75 unsecured credit in addition to my $500 secured I swung over from my Self builder account. I received an alert from Self today, and bam -- another $75 unsecured increase. 

Has anyone else been given monthly $75 increases? I was considering running much more through the card and making two monthly payments. 

[blindambition]

Congrats on your CLI!! That's certainly an interesting increase approach, but rewarding good credit behavior. Enjoy!!

[AllZero]

Congratulations on your CLI!

[FalconSteve]

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@FreedomHammer wrote:

I've had a Self VISA card since February of this year. Two months ago, Self started giving me $75 unsecured credit in addition to my $500 secured I swung over from my Self builder account. I received an alert from Self today, and bam -- another $75 unsecured increase. 

Has anyone else been given monthly $75 increases? I was considering running much more through the card and making two monthly payments. 

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It seems weird compared to convention, but I think capital one has a secured card that isn't 1:1 deposit:limit. 

Don't spend more than you would otherwise, but if you're already spending the money and you aren't giving up cashack elsewhere, I would run it through this card and make as many payments as you need to stay under your limit.

🎉Congratulations on your CLI🎉

[FreedomHammer]

Self is unconventional. I don't like the $29 AF; however, it is my oldest card. I am grateful I have at least something, and hope when my derogatories fall off, I will qualify for something better. Maybe in a couple years? 

I am rebuilding after a narcissistic family member ruined the credit of five different people living under the same roof. Our phone was literally ringing off the hook from 8AM to 9PM. I don't want to endure that again.  

My oldest account is from 1999 and it is closed. It will fall off in 2025. I only have 10 months of revolving history and just opened a C1 Platinum. 

I've seen credit cards in people's signatures with scores around 690 across the three bureaus, and they have like twelve credit cards, sometimes more.

How do people get that many new accounts without wrecking their AAoA component? Surely they don't get all those new accounts at once? 

[gdale6]

Wow, grats on getting the CLI

[Anonymous]

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@FreedomHammer wrote:

Self is unconventional. I don't like the $29 AF; however, it is my oldest card. I am grateful I have at least something, and hope when my derogatories fall off, I will qualify for something better. Maybe in a couple years? 

I am rebuilding after a narcissistic family member ruined the credit of five different people living under the same roof. Our phone was literally ringing off the hook from 8AM to 9PM. I don't want to endure that again.  

My oldest account is from 1999 and it is closed. It will fall off in 2025. I only have 10 months of revolving history and just opened a C1 Platinum. 

I've seen credit cards in people's signatures with scores around 690 across the three bureaus, and they have like twelve credit cards, sometimes more.

How do people get that many new accounts without wrecking their AAoA component? Surely they don't get all those new accounts at once? 

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I often feel it is people that have low scores not from being in a dirty score card (COs/CAs/etc), but low scores from high utilization on their credit products on an otherwise clean scorecard (no/few baddies - maybe a couple lates, but not major derogs). Also, no, I do not think they get all the cards at once, if it is a large number of them.

[Anonymous]

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@FreedomHammer wrote:

I've had a Self VISA card since February of this year. Two months ago, Self started giving me $75 unsecured credit in addition to my $500 secured I swung over from my Self builder account. I received an alert from Self today, and bam -- another $75 unsecured increase. 

Has anyone else been given monthly $75 increases? I was considering running much more through the card and making two monthly payments. 

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Are these $75 increases from paying more on your Self Lender loan? I thought they only did increases in increments of $100. At least that is what I read when looking at the terms when I considered getting the CC for me or my SO. Or are these unsecured increases not attached to your payments on your Self Lender loan? 

If they are from your payments on the loan, did you authorize it? If not, I would be a little upset because if I allocate $x to the card, I would expect the remainder of the loan returned to me once it is paid off. I wouldn't want the entire loan amount in the CC (I did the $1600 loan for SO).

If they are unsecured increases, I am definitely going to move ahead with getting the card for my SO.

Thanks for the DPs and congrats on your increases regardless where they came from!

[Mr_Mojo_Risin]

Thats great to hear you're getting some CLI love!! Congratulations!

[cashorcharge]

That's terrific!!!  Congratulations!!🎉