Credit Limit Increases Without Requesting them??

[Anonymous]

Just curious to know what's going on....I have 11 CC's and  8 of them increased my limits late last year without me ever requesting a CLI??  Some of the increases were so sudden and totalled roughly $6500 within a short span of time (...and at the same time i was approved for 2 more cards with a combined total CL over $5K).    When i check my credit report inquiries I find that none of them even pulled my report for the CLI.  I hear a lot of comments about soft vs hard pulls.  I've requested CLI's before and it never showed up on my report. Trust, I am not complaining

As for these sudden unrequested increases in credit limit, will it ultimately affect my credit?  Has this happened to anyone else? 

[frogfan12]

Auto CLIs are only positive for your credit. They increase your credit line, thus lowering your utilization. It's a win-win situation for you. 

[seattletravels]

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@frogfan12 wrote:

Auto CLIs are only positive for your credit. They increase your credit line, thus lowering your utilization. It's a win-win situation for you. 

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+1.  As long as you aren't going wild with the new available credit!

[Anonymous]

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@frogfan12 wrote:

Auto CLIs are only positive for your credit. They increase your credit line, thus lowering your utilization. It's a win-win situation for you. 

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Thanks.  I knew that it would lower my utilization but wasn't sure that it wouldn't make me look like a bigger credit risk after  I read somewhere that increasing your line of credit could actually work against you.   

[frogfan12]

No problem. Enjoy your new CLs but don't go crazy! 

[Cdnewmanpac]

If you have high limits on existing cards that outpace your income, you might find some other companies less willing to grant additional credit cards. However, you won't need other credit cards, since you already have high limits. It will not affect a mortgage application, car loan, etc. My wife has never asked for a CLI in her life, yet gets them every year or two any way. They surpassed her annual income some time ago and she hasn't been asked for an income verification since 1997. We pretty much need a 2nd mailbox to house all the offers she gets. My point is that while there are always examples of a company using any reason to deny an application, credit card companies generally give credit to those who other credit card companies trust. Nothing shows trust better than an unsolicited CLI.

[pizzadude]

Also, the nice thing about auto CLIs is that they do not require a hard pull of your credit report, so it doesn't ding your score.   And as has been stated, the additional CLs will reduce your %util if you are carrying a balance - and this is good for your FICO score.

[Anonymous]

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@seattletravels wrote:

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+1.  As long as you aren't going wild with the new available credit!

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Definitely not.  Why ruin a good thing?!       In fact it's funny I got the auto CLI's on all the cards I barely use anyway. 

[Anonymous]

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@frogfan12 wrote:

No problem. Enjoy your new CLs but don't go crazy! 

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Touche

[CS800]

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@frogfan12 wrote:

Auto CLIs are only positive for your credit. They increase your credit line, thus lowering your utilization. It's a win-win situation for you. 

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+2