Surprising and unexpected auto CLI

[Roadgeek395]

A bit of a back story...

A little over a year ago I tried to refinance my auto loan through consumers credit Union. I was preapproved for a low APR so I decided to go with it. When they did a hard pull they ended up turning down my loan request. I was pretty bitter about the situation but I didn't want to waste a hard pull so I decided to give them a call and see which credit cards they would approve me for. They ended up approving me for a no frills Visa platinum card and I accepted it for a fairly low SL of $3000.

After receiving the credit card I regretted accepting their offer because it was an unnecessary and unneeded credit card.

I never used the card and I just assumed they would cancel it due to inactivity. Well fast forward to yesterday and I got an alert from Experian saying I had had a limit increase on one of my credit cards. Consumers credit Union decided to give me a $7000 CLI for a new limit of $10,000🤯🤯

My mind was blown but I am definitely grateful.

[Stealth-1]

Congrats on the unexpected 7K soft pull CLI! 

[M_Smart007]

Congrats on your surprise Auto-CLI

[NoMoreE46]

That is a heckofva a surprise increase.  Did you use this card at all?

[M_Smart007]

---

@NoMoreE46 wrote:

That is a heckofva a surprise increase.  Did you use this card at all?

---

@NoMoreE46, Some credit unions will give you an auto CLI, as an incentive to actually use the card.

[Roadgeek395]

---

@NoMoreE46 wrote:

That is a heckofva a surprise increase.  Did you use this card at all?

---

Not even once! That's the weird part!!

[Roadgeek395]

---

@M_Smart007 wrote:

---

@NoMoreE46 wrote:

That is a heckofva a surprise increase.  Did you use this card at all?

---

@NoMoreE46, Some credit unions will give you an auto CLI, as an incentive to actually use the card.

---

That's what I was thinking too.

[M_Smart007]

---

@Roadgeek395 wrote:

---

@NoMoreE46 wrote:

That is a heckofva a surprise increase.  Did you use this card at all?

---

"Not even once! "That's the weird part!!

---

And there you have it

[M_Smart007]

---

@Roadgeek395 wrote:

---

@M_Smart007 wrote:

---

@NoMoreE46 wrote:

That is a heckofva a surprise increase.  Did you use this card at all?

---

@NoMoreE46, Some credit unions will give you an auto CLI, as an incentive to actually use the card.

---

That's what I was thinking too.

---

This is the difference between credit unions vs banks.

Credit unions will sometimes give you a CLI for incentive for non-use, and banks will CLD or close.

Thus part of my reasoning towards more credit unions in the portfolio.

[Roadgeek395]

---

@M_Smart007 wrote:

---

@Roadgeek395 wrote:

---

@M_Smart007 wrote:

---

@NoMoreE46 wrote:

That is a heckofva a surprise increase.  Did you use this card at all?

---

@NoMoreE46, Some credit unions will give you an auto CLI, as an incentive to actually use the card.

---

That's what I was thinking too.

---

This is the difference between credit unions vs banks.

Credit unions will sometimes give you a CLI for incentive for non-use, and banks will CLD or close.

Thus part of my reasoning towards more credit unions in the portfolio.

---

I completely agree! Credit Unions all the way! The only 2 credit cards I have from a big bank are the citi double cash card and the citi premier card