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How often do you seek CLIs via the CLI button (SPs)? Have you noticed any trends in granting/denying them with particular lenders? I have only sought them once in all my years, just wondering when I can/should do it again. 3 months? 6 months?
I've tried it several times with Citi and I've always been denied so I'm just gonna give them six months and try again.
Synchrony always denies me when I press the luv button but gives me good auto CLIs instead.
Amex has been my most successful CLI via luv button.
@skigirl916 wrote:How often do you seek CLIs via the CLI button (SPs)? Have you noticed any trends in granting/denying them with particular lenders? I have only sought them once in all my years, just wondering when I can/should do it again. 3 months? 6 months?
In terms of how often you are elgible for a CLI the rules for each lender are different, so you will have to research your particular lender's policies.
@red259 wrote:
@skigirl916 wrote:How often do you seek CLIs via the CLI button (SPs)? Have you noticed any trends in granting/denying them with particular lenders? I have only sought them once in all my years, just wondering when I can/should do it again. 3 months? 6 months?
In terms of how often you are elgible for a CLI the rules for each lender are different, so you will have to research your particular lender's policies.
I understand that; I am interested in people's experiences with CLIs and noticing trends with particular lenders all the same.
From my experience I have found:
1. All my lender (see sig.) except for Discover have a firm 6 month wait between CLI. Once I got 15K on Citi, I called Discover and asked for the same limit. I got a counter offer of 14.5K. I also gave the reason my wife is an AU on my Discover and would be nice to have a buffer when was asked why.
2. All my pulls I have ensured were SP. Chase CSR said they can only give a max limit of 6K with a SP. Previous to that my Chase Freedom was at 3K.
3. I had Cap1 Venture with a starting limit of 7.5K. I did not use it much and requested a CLI and was denied due to low usage but the denial letter includes your Fico score. Since its a SP its rather worth something
I only recently started requesting CLI after reading how it impacts the score and would suggest doing so whenever you are eligible. I would also ensure they are SP.