Any reason not to ask for a CLI on my PayPal Credit line (through Synchrony)

[JNesbit89]

I have had this account since May 2015, and last year July 2020 I had it raised from $1,870 to $5,700. I did this since I know it's a soft pull and not a hard one! After that, I also had it increased, this time January 2021, from $5,700 to $8,600.

It's been more than 6 months since the last time I applied for a CLI, maybe hoping to get to $10,000 or higher. Unless I shouldn't?

Been waiting to buy a big thing or two using this account. And having a higher limit will help my over credit limit, which is $21,600.

Thanks!

[gdale6]

As long as your utilization percentages are in check I dont see a problem asking for an increase. I would shoot for 15K they will counter if they cannot approve the entire amount.

[KJinNC]

No harm in asking with Sync. Ask for whatever you want. But most likely if approved, you'll hit their soft cap of $10K. Who knows for certain. Good luck!

[JNesbit89]

Thanks! I requested $12,000 and instead got $10,000! So that's the soft cap? Does that mean you simply can't get more under normal circumstances? I'm happy either way. And today I got an email from Citi, telling me my Citi Double Cash card randomly increased in limit from $3,200 to $4,700. Not sure why, but I've been using that card a lot and kept the payments on time.

[gdale6]

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@JNesbit89 wrote:

Thanks! I requested $12,000 and instead got $10,000! So that's the soft cap? Does that mean you simply can't get more under normal circumstances? I'm happy either way. And today I got an email from Citi, telling me my Citi Double Cash card randomly increased in limit from $3,200 to $4,700. Not sure why, but I've been using that card a lot and kept the payments on time.

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Depends on your overall profile, as your profile matures bigger jumps are possible. Known soft cap stops with Synch are 10, 12, 17, 25K

[JNesbit89]

Interesting. I wonder what they consider a "maturing profile". Had paypal for a long time, and PayPal Credit for a long time. Perhaps because my income stagnated this year? I need a new job sometime in the next few months. Maybe in 6 months I'll try to 12k lol

[longtimelurker]

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@JNesbit89 wrote:

Thanks! I requested $12,000 and instead got $10,000! So that's the soft cap? Does that mean you simply can't get more under normal circumstances? I'm happy either way. And today I got an email from Citi, telling me my Citi Double Cash card randomly increased in limit from $3,200 to $4,700. Not sure why, but I've been using that card a lot and kept the payments on time.

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Did you call or request on line.   The rule used to be that the online request maxes out at $10K, to get more you have to call

[JNesbit89]

I requested online