US bank CLI....shocked!!!

[Beefy1212]

---

@sarge12 wrote:

I am a strict transactor that makes multiple payments monthly on all cards. This causes me to always be denied any CLI requests due to lack of significant usage of current credit limits. I no longer even bother asking for a CLI due to that, but my starting limits are normally 10K+. I was shocked last month by US bank for my Quicken US bank credit card notice......We are increasing your credit limit from 11,200 to 16,200 dollars. This CLI was not applied for or requested. I am shocked. What in the world is going on here? Has anyone else received an unexpected CLI that large from US bank? Considering, I never have paid them a single cent in interest, I am stunned.

---

Generally speaking paying before statement is not a problem for the lender they know what you spent it is an issue for other lenders not being able to see you are a ""whale" when lenders see you pay off large amounts of charges each month they know you spend money on credit and are more likely to give you a bigger limit in the hopes that spending will be on their card instead of your current cards. This is why you want spending to post, and only use AZEO before a planned major credit application.

Now with that said I started that answer with generally because some cards regardless of your posted utilization tell on you when a creditor pulls your report... My credit union reports my utilzation at statement, but also the dollar amount I paid in a month, while Discover does NOT report payments made only balances in the below examples one would assume I use my discover card a lot less than I actually do. So depending on the lenders involved and what they look at they may know exactly what your utilization is



The only reason to pay before statement post or in USB's case last day of the month is score optimization unless the car goes up in smoke and you need a new one yesterday you should have time to reset your score to optimized before it matters. With that said I am an obcessive complusive payer as well and barely let anything post, and I am doing just fine with my 10 credit cards in 23 months as in all things YMMV.

[gingerflower]

Congratulations!

[KingRue8500]

Congrats on your U.S. Bank Quicken MC Auto CLI

[sarge12]

---

@TheFIGuy wrote:

Hey Sarge12,

So you’re saying that because you paid the balance before the statement cut US Bank denied your CLI(s) due to lack of significant usage of current credit limit?

Wouldn’t they be able to see your usage regardless? I ask because I plan on doing the same tactic but more 1x before end of month to prevent large utilization hit as the current credit limit of my US Bank AR is only 5k.

Just wrote a reply to OP about this. So it shouldn’t matter with the current financial institution if you PIF before statement cuts because you’re utilizing the limits and internally they should be able to see that for credit limit increase purposes?

---

You misunderstood something....US Bank has never denied me for a CLI. Other banks in the past have...all for the reason mentioned. 1 even told me over the phone, that when my highest balance ever on their card is under 2000 dollars, there is no need for them to increase my 10000 dollar limit. None of my cards ever have over 2000 balance because I always pay them off way before they even reach 1000, most even 500. I pay them off weekly at times. Many of these payments are even made before a statement cuts. That is great for credit scores and even starting limits. For CLI on existing cards, always having a balance that is a tiny fraction of current available balance, usually brings CLI request denials. I have known that forever, but will not change that behavior to secure higher limits. My limits across all cards are about 300,000 now, so really increases are not a priority. That is between over twenty cards. 6200 is my lowest, and 20000 is my highest. All but 2 of those were the starting limits, including the 20K limit at Langley FCU! Average limit is about 15000.

One more thing, I pay most weekly, because that is the action that was taken to change my slow payment habits to quick pay habits. I was once addicted to paying thins late, using grace periods on bills...etc. I identified the fact that I am a creature of habit, with an addictive personality. I, in time changed it to where I am addicted to paying them all to 0. It keeps me out of trouble, and I am a bit OCD about it.

[JoeRockhead]

Auto CLIs are always the best surprise no matter the amount, very nice one you got, congrats!!

[PapaTunde]

Congrats on your auto luv

[Centurion_Dreamer]

Congratulations on you auto CLI!

[Remedios]

---

@sarge12 wrote:

I am a strict transactor that makes multiple payments monthly on all cards. This causes me to always be denied any CLI requests due to lack of significant usage of current credit limits. I no longer even bother asking for a CLI due to that, but my starting limits are normally 10K+. I was shocked last month by US bank for my Quicken US bank credit card notice......We are increasing your credit limit from 11,200 to 16,200 dollars. This CLI was not applied for or requested. I am shocked. What in the world is going on here? Has anyone else received an unexpected CLI that large from US bank? Considering, I never have paid them a single cent in interest, I am stunned.

---

Yes, Sarge. I received it at least twice on 4 cards I have with them, so nothing special there. The reason most people on this forum don't get auto increase is because they ask one nanosecond after they are eligible. 

As far as "strict transactor" and paying before statement, that has never stoppede from getting increases.  Increases tend to be driven by use (as long as the rest of profile checks out), so if you aren't getting increases, perhaps your use of cards is low in relation to your limits. I'm slightly confused on why you think you're being denied CLIs for being "transactor" when reason for decline is clearly spelled out for you. 

Congrats on the increase you got 

[SouthJamaica]

---

@sarge12 wrote:

I am a strict transactor that makes multiple payments monthly on all cards. This causes me to always be denied any CLI requests due to lack of significant usage of current credit limits. I no longer even bother asking for a CLI due to that, but my starting limits are normally 10K+. I was shocked last month by US bank for my Quicken US bank credit card notice......We are increasing your credit limit from 11,200 to 16,200 dollars. This CLI was not applied for or requested. I am shocked. What in the world is going on here? Has anyone else received an unexpected CLI that large from US bank? Considering, I never have paid them a single cent in interest, I am stunned.

---

Congratulations on the auto CLI.

I'm not surprised. They make money on "transactors" too, from the interchange fees on purchases.

[sarge12]

---

@Remedios wrote:

---

@sarge12 wrote:

I am a strict transactor that makes multiple payments monthly on all cards. This causes me to always be denied any CLI requests due to lack of significant usage of current credit limits. I no longer even bother asking for a CLI due to that, but my starting limits are normally 10K+. I was shocked last month by US bank for my Quicken US bank credit card notice......We are increasing your credit limit from 11,200 to 16,200 dollars. This CLI was not applied for or requested. I am shocked. What in the world is going on here? Has anyone else received an unexpected CLI that large from US bank? Considering, I never have paid them a single cent in interest, I am stunned.

---

Yes, Sarge. I received it at least twice on 4 cards I have with them, so nothing special there. The reason most people on this forum don't get auto increase is because they ask one nanosecond after they are eligible. 

As far as "strict transactor" and paying before statement, that has never stoppede from getting increases.  Increases tend to be driven by use (as long as the rest of profile checks out), so if you aren't getting increases, perhaps your use of cards is low in relation to your limits. I'm slightly confused on why you think you're being denied CLIs for being "transactor" when reason for decline is clearly spelled out for you. 

Congrats on the increase you got 

---

@Remedios It is not due to being a strict transactor, it is due to always having a small balance due to always paying it off multiple times a month....prior to the statement cut date. Most of my cards with a 10,000 dollar limit have never yet had a balance above 1000 dollars. The issuer simply sees no need for me to have a higher limit, and to be honest, it is hard for me to argue otherwise. It is also why I was surprised by the auto CLI, because I am not sure that card has ever been over 1000 dollar balance either. I will take it though, because I have several cards that will surely be closed for non-use, and having high total credit limits makes low utilization much simpler. I never request a CLI anymore, as the answer is almost always no, and it sometimes results in an inquiry. My starting limits are however always 10k-20k, with most lately 15k-20k.