I have had the cash rewards card now for almost two years, always paid on time. I always have an auto loan, always on time. Good history with the bank for years.
My cash rewards card, at first I was offered a higher limit but asked for a lower limit at 9k. 6 months or so ago they did a limit increase to 11,100 on their own without me asking.
Just paid my balance down to 2k.
Can I ask for an increase now or should I apply for the platinum? I need a 25 k limit now.
Fico 8 around 700 + across all three CB
@chantheman1 Why not shoot for both?! Sounds like you are in a good spot for another card, and afterwards you can ask for a CLI via online to see if you can get a CLI on your CR
@chantheman1 wrote:I have had the cash rewards card now for almost two years, always paid on time. I always have an auto loan, always on time. Good history with the bank for years.
My cash rewards card, at first I was offered a higher limit but asked for a lower limit at 9k. 6 months or so ago they did a limit increase to 11,100 on their own without me asking.
Just paid my balance down to 2k.
Can I ask for an increase now or should I apply for the platinum? I need a 25 k limit now.
Fico 8 around 700 + across all three CB
Based on the data you provided, I think your outlook is good on a 2nd card for the Platinum, perhaps with a 5 digit credit limit. Good luck. Hope to see your approval in the approval forum.
For your reading pleasure. Navy Federal Thread for CLI and Additional Cards
I've read this a lot @Girlzilla88
Apply for the 2nd first, then do the CLI
@cashorcharge wrote:I've read this a lot @Girlzilla88
Apply for the 2nd first, then do the CLI
+100
Yeah, new card before CLI, even a smallish one could cause you to hit the wall, boy did I learn that lesson.😂
Updated 8/12/22.
Total Inquiries: EX: 1|TU: 1|EQ: 1
Derogs: 0
AAoA: 2Y1M
AoOA: 2Y6M.
AoYA: 1Y1M.
Total CL: 57,600
Utilization: ~1%