Does SyncBank CLIs count towards score increase?

[Anonymous]

Not sure if it's just me or I'm rushing to conclusion without waiting.

Got great CLIs on both my SyncBank cards - Amazon increased from $800 to $3000 and Walmart increased from $900 to $3000. While only EX reported both the increases, score didn't increase. TU and EQ didn't even report.

Should I wait for some more time or SyncBank / Store card CLIs don't count towards Util / Score Increase?

[Anonymous]

It is still possible it will effect your scores. Sometimes we have to wait for that to happen. It should be huge for reporting utilization, which absolutely effects your scores.

[pizza1]

They effect score increase by way of lowering your total overall total utilization reporting. Other factors play into the score increase, but utilization is a big one. You just gained $4.3k in available credit. Depends on what your balances look like on your other cards as well. If you charged more because your available credit increased, instead of paying down, and keeping your util the same...then you probably won't see an increase, because you kept it even. But if you didnt charge more, and are paying down, just give it a little time for the CRA to refresh!

[Anonymous]

Thanks and you are right.  My util was kinda high due to Ashley WF card account hitting with 90% util (I've explained the issue in another post). Got an increase there too from 4k to 7k. 

The SyncBank statements are due on 23rd of this month and so would the WF one. Will wait till next month first week to see how the scores change.

[takeshi74]

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@Anonymous wrote:

While only EX reported both the increases, score didn't increase.

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How was revolving utilization impacted?  Not all CLI's are signficant enough to see a scoring increase.  If utilization is already low then a small decrease may not yield much of an impact either.  You can't just assume that CLI = score increase.

[Anonymous]

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@takeshi74 wrote:

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@Anonymous wrote:

While only EX reported both the increases, score didn't increase.

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How was revolving utilization impacted?  Not all CLI's are signficant enough to see a scoring increase.  If utilization is already low then a small decrease may not yield much of an impact either.  You can't just assume that CLI = score increase.

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As I said earlier, due to my Ashley WF credit, the overall utilization shot up to 26% and my score tanked 17 points. Since then, I've got CLI on WF card to almost double the limit and the SyncBank increases. Hoping to see a decrease in util and increase in scores by end of this month or next month.

[Anonymous]

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@pizza1 wrote:

They effect score increase by way of lowering your total overall total utilization reporting. Other factors play into the score increase, but utilization is a big one. You just gained $4.3k in available credit. Depends on what your balances look like on your other cards as well. If you charged more because your available credit increased, instead of paying down, and keeping your util the same...then you probably won't see an increase, because you kept it even. But if you didnt charge more, and are paying down, just give it a little time for the CRA to refresh!

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It's weird because my scores dropped. I originally had a limit of $1600 and a balance reporting of $179 that put me at 12% utilization. I got an increase and my limit is $3500 and I had a balance report of $358 which is 11% utilization and my scores for TU and EX dropped 6 and 7 points. It said the balance on my retail accounts increased by 100% or more. It kind of pissed me off but I guess next month I'll have to pay the entire balance and see how that will affect my score.