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Venmo CLI

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pip3man
Valued Contributor

Venmo CLI

Card is 10 months old, starting limit was $1.6k. Exactly at the 6 month mark, I requested the first CLI and was approved for $3.2k. 4 months later since the last increase, I went online to request another and was immediately declined for the following reasons:

 

• Highest Ratio Of Balance To Credit Limit Over The Last 3 Months Is Too High On This Account

• The Current Ratio Of Balance To Credit Limit Is Too High On This Account
• The Number Of Months Since This Account Was Opened Is Too Low
• The Ratio Of Last Payment To Amount Due On This Account Is Too Low

 

Quite frankly I was carrying a balance and was overlimit at the time of request. Paid off the account in full, waited 5 days and requested a $10k increase. Instead, I got instantly approved for $6.4k which is a 2x increase like the first. Based on this pattern, it appears you can request a CLI every 4 months and may only get approved for up to a maximum of twice the current limit.IMG_9868.jpeg

 

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16 REPLIES 16
NoMoreDebt
Senior Contributor

Re: Venmo CLI

congrats on your cli

AMEX CHARLES SCHWAB PLATINUM NPSL / AMEX GREEN NPSL/ AMEX BLUE BUSINESS PLUS $20000 CL/ FIDELITY REWARDS VISA $23,500 SL

SOCKDRAWER/ NFCU FLAGSHIP $40,000 CL/ NFCU MORE REWARDS $40,000/ WELLS FARGO AUTOGRAPH $8200/APPLE CARD $6500/DISCOVER IT $3000 SL/CITI COSTCO ANYWHERE VISA $6000 SL
Message 2 of 17
FlaDude
Valued Contributor

Re: Venmo CLI

Congrats!

Scores: March 21 FICO 8: EX 810, TU 808, EQ 813
AoOA: closed: 40 years, open: 30 years; AAoA: 14 years
Amex Gold, Amex Blue, Amex ED, Amex Delta Blue, Amex Hilton Surpass, BoA Platinum Plus, Chase Freedom Unlimited, Chase Amazon, Chase CSP, Chase United Explorer, Citi AA, Sync Lowes, total CL 203k
Message 3 of 17
JoeRockhead
Community Leader
Super Contributor

Re: Venmo CLI

Congratulations 

Message 4 of 17
keekers
Valued Contributor

Re: Venmo CLI

Congrats.
Message 5 of 17
CorpCrMgr1
Valued Contributor

Re: Venmo CLI

Congratulations on your CLI!

Message 6 of 17
CYBERSAM
Senior Contributor

Re: Venmo CLI

Congrats on your Venmo CLI 🤑👍







                
Message 7 of 17
youngandcreditwrthy
Senior Contributor

Re: Venmo CLI

congrats! Yeah generaly synchrony will either auto cli or allows CLI request every 3-4 mos. I've gotten auto clis at third statment cut before.

Marriott PR$25k | BCE $24.5K |BankAmericard Visa $25k| BOA Better Bal $17.5k |Wmt Discover $12.5k | BR Visa $17.5k | Amex Delta Gold $10k | Discover IT $10k | Paypal Extras MC $15k | Amazon Store $10k|Smile Gen $7.25k | Dillard's $10k | West Elm $4k| Express $3.05K | Mypoints.com Visa $4.5k | Freedom Visa $1k| Amex Surpass $1k
Message 8 of 17
cashorcharge
Community Leader
Super Contributor

Re: Venmo CLI

WooHoo!! Congratulations on your Approval!!👏🏼🍾🥂

Message 9 of 17
Wu-Credit
Frequent Contributor

Re: Venmo CLI

Congratulations on your second CLI in six months! Hope it keeps increasing as you continue to use and let it age! 

Cards & Loans


myFICO | 740↓
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