CLI's-at what point is it worth a HP

[fltireguy]

At what point (either dollar, or percentage increase) do you feel it's worth a HP for a CLI?

I have no issue with the HP for my $19k CLI the other day on my Home Depot card, for instance

Otherwise, I think it's really only worth it for at least a $5k CLI...

[Loquat]

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@fltireguywrote:
At what point (either dollar, or percentage increase) do you feel it's worth a HP for a CLI?

I have no issue with the HP for my $19k CLI the other day on my Home Depot card, for instance

Otherwise, I think it's really only worth it for at least a $5k CLI...

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In my opinion, it's worth it if the limit you currently have doesn't allow for the type of spend you need.  If you're doing it just to do it...well, that's not a question that the forum can answer...that's really up to you.  

[Anonymous]

I don't know that it's something that can be easily quantified.  If someone has no intentions at all of applying for a loan or mortgage in the next 12-24 months, taking on a couple of HPs or even a bunch of HPs isn't likely to be a big deal on a sound credit profile. 

[AverageJoesCredit]

For certain lenders i wouldnt mind taking a hp , ie Navy, as normally they can be worth it. The problem with the hp route or justifying to take one in hopes of a 5k increase is there sometimes,if not always, really no way to predict how much cli will be given , if given. Ive taken hps and gotten only $600 or taken hps , expecting something and walked away with squat.

Bank of America is known to do give nice cli if you are eligble but i took 3 straight snd got 3 strikes until i learned my lesson. 3 years back in the game, im becoming seasoned enough to realize taking a hp for cli increase should be done if you really need more for you spend . I can take only so much no's before i get the lesson lol..

[Anonymous]

No CLI is worth a hard pull to me.  Perhaps if your AAOA is very low and you want to purchase on a zero percent interest offer you received for a card it might be worth it. 

[HeavenOhio]

When I applied for my Chase Amazon card, it was before I came to this forum. My balances were too high, and I had applied for too many recent cards. That resulted in a low limit. I received an auto-cli, which helped. But it ultimately took a double hard pull to fix it. It shouldn't have had to happen, but it was necessary, and it was ultimately worth it.

[UncleB]

I opted to take HPs for each of my USAA cards and for each of my BoA BBRs, and IMO they were all worth it.

At one time I considered taking a HP to get my Discover a bump, but ultimately that wasn't necessary.  Also the last couple of times I've received SP CLIs from Citi there was the option to ask for more and take a HP but I didn't bother (i.e. I didn't need it that badly).

I honestly don't have any other cards that I would be willing to take a HP for a CLI; thankfully I'm also already happy with my other limits so it's a moot point. 

[Anonymous]

As some of the other answers indicate, the problem is that the "cost" of an HP varies greatly depending on the circumstances.    Before a mortgage app, an HP for a CLI is probably almost never a good idea (I would take an HP only for a  great new card, if it was likely time-restricted and couldn't wait for closing, but not for a CLI).   For those with a thick file and few HPs, there may be almost no cost.   

IMO, I view CLIs as valueless (unless, as Loquat says, the low CL makes it hard to use the card as you wish), so I would never use an HP for a CLI, even if my HP cost was low!

[UncleB]

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@Anonymouswrote:

As some of the other answers indicate, the problem is that the "cost" of an HP varies greatly depending on the circumstances.    Before a mortgage app, an HP for a CLI is probably almost never a good idea (I would take an HP only for a  great new card, if it was likely time-restricted and couldn't wait for closing, but not for a CLI).   For those with a thick file and few HPs, there maybe almost no cost.   

IMO, I view CLIs as valueless (unless, as Loquat says, the low CL makes it hard to use the card as you wish), so I would never use an HP for a CLI, even if my HP cost was low!

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+1... I've been at this ^^^ point for a while. 

I now have limits that are sufficient for me to spend what I need/want without causing a utilization ding, so my reality is that there's no meaningful difference in my existing credit lines and having them doubled (or even $100k each for that matter) - in either case my spending is limited by my income/resources, and additional credit won't change that.

I no longer can tell a difference when I take a HP, but I still try to be thoughtful about using them since there's always a chance something new might come out that interests me, and I want my profile to be ready just in case. 

Edited to add:  I'll still annoy Capital One and Citi on occasion since it's just a SP, and of course if I happen to get an auto-CLI from anybody I won't be 'mad' about it, either. 

[Anonymous]

Only if you really need the CLI and can't wait for an automatic one or an offer for a SP one...

That or if you don't mind incurring the HP, say if you are planning to garden for a while afterward.

For me... I've never requested a CLI nor taken a HP for one, so... for me, not worth it.