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Happy Friday everyone
I was approved for a Macy's card last month. I was wondering what do they tend to look for CLI wise?
Do I need to make small purchases, PIF and wait for x amount of statements to cut?
Are they HP or SP?
What is the frequency I should attempt CLI? Monthly, Biannually etc...?
Thanks for sharing your experiences.
My experience was that they will auto-CLI you if your spend justifies it, but if you want them to CLI you expect a HP.
I also think they tend to open accounts with conservative limits then let loose a larger limit around 3-6 months in.
I'm still stuck at $300 with Macy's......my card is over a year old and no auti CLI as of yet.
Hey there! Well, my two cents, I opened my Macy's CC back in 2014 and I believe my starting balance was $2000. A year or so later, it was bumped up to $2500. Now, three years since I opened it, my balance was increased again to $3300. Mind you, I would charge the card somewhat heavily, but after paying it off, I would use it sporadically. I bet if I continued using it much more frequently while spending a good amount, my CL would be much higher. Also, Macy's was CLIing me without my request, they did it on their own.
I believe it may be a combination of usage/spending + PIF with some cutting + how long you've had it open.
Macy's is my first retail card that I have recvd. I applied online (HP) and was approved for a whopping $100. Used it to buy baby clothes for a shower. Paid it off and didn't use it for maybe almost two months. Checked online one day and seen an auth increase, was now up to $2000 with barely any use. Bought little things here and there. Went online and requested a cli to $4000. Then within another two months requested another cli to $6000. Purchased a mattress and headboard along with some other stuff. Last month I requested another cli. Now I sit at $10,000 credit line and I've had the card since the end of 2015. The highest of all my credit cards. Only 1 HP from Macy's the rest were SP. Macy's is VERY generous with their CLI
That was a message I posted in March of this year. If requesting a CLI, it will be a SP only initial is HP. This is the store card I'm referring to.