Unbelievable Target CLI

[atst2000]

So I’ve had my target card since August 2016 and always got small CLI’s. Started at $300, then had to wait forever to get $600. Then starting last year they came every 3 months.
$900
$1200
$1700
Then another 3 or so months up to today and
$6000!
Couldn’t believe it!
What’s my trick? Well as you know you can’t ask for a CLI from good ol’ TD Bank. I use the card EVERY month but NEVER pay off the entire card. Always, always carry a balance with this card. Every month pay a little more than the minimum and update your income before the statement cuts every month. Typically my CLI came every 3 months.

Hoping since the big CLI came I’ll get the MC?
Can anyone chime in on this?

[Anonymous]

I don’t really think that advising people to not pay their cards in full is sound financial advice but congrats on your CLI successes.

[Brian_Earl_Spilner]

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@Anonymous wrote:
I don’t really think that advising people to not pay their cards in full is sound financial advice but congrats on your CLI successes.

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It's basically been proven that letting a balance post along with updating your income, even if it hasn't changed, will trigger the increases. I started receiving them after 4 years once I started doing it.

OP: I just hit $1200 this week. Now I'm looking forward to 6 months from now. 😁

[Anonymous]

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@Brian_Earl_Spilner wrote:

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@Anonymous wrote:
I don’t really think that advising people to not pay their cards in full is sound financial advice but congrats on your CLI successes.

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It's basically been proven that letting a balance post along with updating your income, even if it hasn't changed, will trigger the increases. I started receiving them after 4 years once I started doing it.

OP: I just hit $1200 this week. Now I'm looking forward to 6 months from now. 😁

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OP isn’t just letting a balance post, OP is never paying the card in full. Big difference between the two. 

[atst2000]

To get a CLI yes it is necessary. You don’t have to follow my rules if you don’t want to. Totally up to the person, just know your card will stay at whatever limit it’s at for a long time. Best thing to do is pay the statement balance to avoid interest but carry something (have to shop every month) to trigger the possible CLI.

[Anonymous]

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@atst2000 wrote:
To get a CLI yes it is necessary. You don’t have to follow my rules if you don’t want to. Totally up to the person, just know your card will stay at whatever limit it’s at for a long time. Best thing to do is pay the statement balance to avoid interest but carry something (have to shop every month) to trigger the possible CLI.

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Okay but paying the statement balance IS paying in full. The way I took it was you were recommending to always carry a balance which meant paying interest, especially since you said something to the extent of “pay a bit more than minimum” - if you’re paying the statement balance then that is the standard way of using a card. 

[Anonymous]

Congrats on a really nice CLI!!

[JaseT]

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@atst2000 wrote:
To get a CLI yes it is necessary. You don’t have to follow my rules if you don’t want to. Totally up to the person, just know your card will stay at whatever limit it’s at for a long time. Best thing to do is pay the statement balance to avoid interest but carry something (have to shop every month) to trigger the possible CLI.

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I believe it is a YMMV situation. My card started at $1k. I let a balance report for the first 2 months (PIF after the balance reported) and then the next 2 months I PIF before statement cut. I updated income each month. After my 4th statement, they gave me an increase of $600. I don't consider 4 months to be a 'long time.'

So, no. Carrying a balance is not a requirement to receive a CLI.

[Anonymous]

Congratulations. They have upgraded your card to the MasterCard. 

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@atst2000 wrote:
So I’ve had my target card since August 2016 and always got small CLI’s. Started at $300, then had to wait forever to get $600. Then starting last year they came every 3 months.
$900
$1200
$1700
Then another 3 or so months up to today and
$6000!
Couldn’t believe it!
What’s my trick? Well as you know you can’t ask for a CLI from good ol’ TD Bank. I use the card EVERY month but NEVER pay off the entire card. Always, always carry a balance with this card. Every month pay a little more than the minimum and update your income before the statement cuts every month. Typically my CLI came every 3 months.

Hoping since the big CLI came I’ll get the MC?
Can anyone chime in on this?

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Congratulations. You got the upgrade. 

[pinkandgrey]

Whatever works for ya! Congrats! You have indeed grown that card beautifully!