I would suggest all of them care, but as a general rule Chase and Amex are probably the big two that I am aware of where heavy use will be in your favor in the future.
Would be interested to hear other opinions though as I haven’t kept track of the more ballin’ credit cards.
Would be interested to hear other opinions though as I haven’t kept track of the more ballin’ credit cards.
Capital One likes significant use over multiple consecutive months if you’d like a CLI from them.
Based on the Apple Card CLI thread, it seems they also want to see significant utilization (among other things).
Based on the Apple Card CLI thread, it seems they also want to see significant utilization (among other things).
@Anonymous wrote:Which card issuers care most about monthly spend/swipes as far as relationship building and future CLIs.
Agreed that heavy use is always appreciated, although some lenders are more sensitive to it than others. Chase, Capital One, and Apple/GS as mentioned are all good examples.
Ironically, I think my PIF strategy (and paying multiple times per month before statement cut) has worked against me in some respects. This is a strange phenomenon to me, and actually a little annoying. You'd think that lenders would be happy with a customer who PIF early, and maybe the lender getting the payment is happy. But I think it has held back my SL on new cards somewhat when lenders see what appears to be non-use of my other credit lines. I now believe that applicants with similar high scores and income may get higher SLs when lenders see some utilization on their other cards. (The use of my cards that never posts to a new balance on my CR due is basically invisible use of my credit lines.)
Card companies will typically use the transactional basis and previous retained score as a first determination on CLI. Both the amounts and number of transactions come into play, as the majority of card generated revenue is produced from transactional fees rather than interest from balance carry overs. Each card company has its own algorithms for scoring. If you lack in transactional usage and or your last request for CLI is longer than 24 month the company may require an additional pull of your credit. Typically if you utilize 25% -15% and carryover 5% or less you would be in primary tier zone. Some companies use a Quarterly/Trimester/Bi-annual scale and some evaluate this per statement period. This is why most recommendations For CLI evaluation be made at minimum 6 months. Keep in mind that with some companies the higher you go on CL the more you are expected to spend to hit there ratio. If your utilization is two low or if you retain high balances and pay off moderate chunks they may drop your CL at their digression.
