How much of a CLI should I request for the Home Depot card.

[Anonymous]

This is really for my dad.

His Fico scores are: Transunion (677), Equifax (654), Experian (662)

He's had the Home Depot store card since September of 2007. They gave him the card at that point with a $500.00 credit limit. He right now has $440.00 utilities.

He also has a citi credit card with a Credit Limit of $1200.00, used $320.00. He has a Fingerhut citi card with a $160.00 Credit Limit, used $150.000. First Premier card with a $350.00 Credit Limit, used $160.00. HBSC Platinum Card with a $1,000.00 Credit limit, used $524.00 (his wife in the one spending on that one.

My question is for those who have experience with the Home Depot Store cards. He wan'ts a Credit Limit Increase but they are telling him to put the ammount he wants.

How much should he ask for?

Thanks for all your help!!!!

[Anonymous]

Anyone?

[Anonymous]

Hi Bishop. I really can't comment because I don't have a H.D. card, but have 2 new Citi cards.

I'd suggest(lightly) that he wait until well after the 6 month anniversary on the card before requesting a cli. And then simply call them. Be aware that it could be either a hard or soft inquiry. I just don't know.

My thoughts anyway

[Anonymous]

^Thanks for your help!.

[Anonymous]

I agree with Sylvia!

Six months is about right for Citi.

Edit: If I had a Citi card for 6 months with $500 CL, I'd ask for $750.  But that's just me.  I'm kind of conservative with CLI requests.

Message Edited by cheddar on 03-12-2008 11:39 PM

[Anonymous]

I agree with cheddar.

Asking for a 50% cli sounds about right. And ccc's love to do conservative cli's.

[pattycake]

Be careful to make sure they don't do a hard inq. Since Home Depot is a Citi card, they do CLI's with just an account review. Have him call THD and ask for a CLI, without an inq, or wait a few months. He should use it, pay it off, use it, pay it off, and show a good record with them.

[Anonymous]

Ok so I'll go ahead and ask for $250.00 CLI increase.

By any chace if they for some reason would half been willing to give me more or less then the amount I request, will they just decline it all together?

[Anonymous]

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Bishop wrote:

Ok so I'll go ahead and ask for $250.00 CLI increase.

By any chace if they for some reason would half been willing to give me more or less then the amount I request, will they just decline it all together?

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Great question!

If they would have been willing to give you more, they will just gve you what you ask for.

If they are not willing to give you the amount you ask for, but would have been willing to give you less, they will decline altogether.

That's why I think it's important to be conservative.  If you highball them, you run the risk of getting shot down entirely.

Edit:  This may not be entirely true.  My DFiancee got a CLI on her Citi/Sears card, but it was approved for quite a bit less than she requested.  That is the only time I've ever seen that, though.

Message Edited by cheddar on 03-13-2008 12:03 AM

[Anonymous]

Thanks! I turly appreciate it. I'll be doing that.