91/3 Math So Confusing

[Anonymous]

Ok...Julian calendars say that 91 days from May 16th is August 15th but here is a message from NFCU: "Your account was established on 05/16/2018. We require a minimum of 91 days account history be established on new cards before we will increase the credit line. Your account will be eligible for increase review after 08/17/2018."

So, who is correct? How have ya'll been calc'ing 91 days?

[jl4]

The easiest explanation is 91 days has to pass , then you qualify. Not quality on day 91.

[Anonymous]

I don't know this with certainty but I believe the 91st day is the day after your third statement drops. 

[Anonymous]

Sounds like they don’t count the day of your approval and the 92nd day would be 91 “full” days of history. Just a thought. To simplify, don’t include first and last day and you must have 91 days between first and last.

[Pikaboo-icu]

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@Anonymous wrote:


So, who is correct? 

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The Bank/CU/Lender. 

Let's face it- it's their sandbox, their rules and they get to decide.

One will never argue/jolly/beg/explain or otherwise convince them. LOL

If they say it's 17th then it's the 17th and not a day sooner.  They're always happy to tell you the date (as they see it).

That said; I suppose as posted above, don't count the day you got approved and make it after the 91st day has passed, that would be the 17th.

CHEERS

[FinStar]

Or, to avoid doing something prematurely simply wait until the following week?

I don't think the world would end or maybe try around the 20th or a week later from 8/17 just to be safe? ¯\_(ツ)_/¯

[Anonymous]

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@FinStar wrote:
Or, to avoid doing something prematurely simply wait until the following week?

I don't think the world would end or maybe try around the 20th or a week later from 8/17 just to be safe? ¯\_(ツ)_/¯

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This exactly.  Not sure why so many posters here worry about 61, 91, 181 or whatever amount of days to apply for a CLI.  Just wait a few days or even a week like you suggest and then you don't have to worry about being a day early.  The opportunity will still be there.

[Anonymous]

I see your point but the opposite argument is that many rebuilders are trying to rebuild as quickly as possible. For example my NFCU statement cuts in 48hrs so without a 91/3 CLI, my overall util would be 23% whereas with the CLI would put me below 9% delaying a sizeable FICO increase and possible prequal offers a month or two or three...just the way I see it. Patience is a virtue but Im also very proactive and like to accomplish goals as quickly as possible. Sure I could wait 3 months but that delays my entire goal to reach 750 by 90 days. Im looking to buy a house and frequently am required to use my personal credit to PG business deals as well.

[Caught750]

I understand your point and have tried the same, just did with Discover actually, but with set timeframes the extra statement isn't going to hurt anything (really). If the statement cuts then it cuts. For Amex I counted out 6 months by date and then added a week. I know I'm safe and if I had something huge like a mortgage coming up I'd be extremely disciplined with my util instead of counting days.

[Anonymous]

Agreed. Its easy to get to 1% util on a $5,000 max combined limit. Mortgage banks like to see that you can manage 1% util on more than just 5 grand....thats my goal with CLI. It allows available credit to increase without adding a tradeline. Available credit dollar amount does affect the FICO models. Im less worried about inq's considering the mortgage LTV would be 60% to start