Best way to use card for CLI?

Anonymous · ‎09-12-2008

A couple of my new cards said try back in 3-6 months. Besides PIF what else would help me get the best CL? If I have a $10k limit is making a $100 a month charge and PIF going to really incentivize them to give me a hefty CL, or should I put a couple 'major' purchases on it and PIF to get that?

Also wouldn't a card in fact like min or close to min payment customers? I mean why give someone you're not making ANY money off of but uses your card a lot more money to do the same with?

Anonymous · ‎09-12-2008

PIF customers earn them a steady stream of merchant transaction fees though. If your rewards program gives most of it back to you then maybe they aren't that thrilled, but they likely aren't losing money off of you if you are pushing a decent amount through a card. Most companies like heavy usage and paying in full.

TangMeister · ‎09-12-2008

I've gotten nice steady auto-CLI increases when charging and PIF'ing as little as 10-20% util monthly. I actually pay it off before the statement cuts (for obvious reasons), and they've bumped me 2-3x per year in those circumstances. Obviously, it's very much a YMMV situation, but since you asked.....

Edit: Wanted to add that was on cards in roughly the $10K range of CL.

Message Edited by TangMeister on 09-12-2008 02:36 PM