My secured Wells Fargo graduation showed up on line today with the low $300.00 limit I had on the secured card. I’d like to ask for a CLI when I activate the new card but not knowing my limit don’t want to risk a hard pull. Maybe I should wait for an auto increase. How should I use this card? Any advise. I want higher limits hoping to boost my scores and not for the available credit.
In May I’m applying for cards from DCU, Alliant, Sdfcu, Chase Freedom BCE and BofA 123.
Scores allowing of course.
Oldest card 7/12/2012, One collection and 8 inquiries highest limit $700.00 with Wal-Mart and a new (7/26/2013) used car loan with DCU for $4,800.00 which I plan on paying off in 7 months.
Any advice?
Wal-mart DCU Wells Fargo ITP 8/18/2013
648 4/26/2013 664 8/2/2013 EX 653
648 5/13/2013 668 8/30/2013 EQ 668
643 6/5/2013 TU 655
644 7/3/2013
612 8/6/2013
Not true at all. I received 2 auto credit limit increases from Wells Fargo, along with a credit card upgrade AND an apr reduction.
It took about 12 months of heavy usage before the auto love.
It took about 12 months of heavy usage before the auto love.
My limit is so low that I'll just pay bills with it and see what happens.
Just remember though that a request will result in a hp...gl!
They told me it would be a SP. Though I did read here or on another forum that it's always a SP up to the maxium amount of credit anyone individual is allowed. Thing is they will not tell you what that limit is nor will they counter. So if you ask for $4,800.00 and your limit is $5,000.00 soft pull $5,001.00 HP.
Then I should be happy with my credit levels and consentrate on a longer history. In May app and be good with what I get.
I always PIF and leave 1% of total credit to report.
I just ask for a cli and i got hit w a hp
Are your scores like mine?
Is your history short and credit limit low like mine is?
How much did you ask for?
Did you get the increase you asked for?