Now using my card like crazy.. waiting for CLI

[w20031424]

With last month's apping spree, I have five new cards now. So it's time to grow my credit line. I'm charging my business expense in the amount of 3X-4X  CL through each card I have,which you can see in my sig, except the Cap One card. I asked each card issuer's CSR in advance and read the T&C of each card thoroughly, and it seems fine to put business charge on personal card. Actually I have 90K+ business expense each month that I can charge through credit cards. But I think 4X of CL is the limit, anything beyond that can look suspicious and raise a red flag. So I have to finish the rest of these transactions with debit card or check.

The only thing is that my credit history is short, oldest account is 1 year and 10 month, AAOA about 5 months now. 30 inquiries on each report. Annual income 80K.

Does anyone have any idea of the approximate CL I may eventually get after six months?  Do you know some other way I can use to increase CL fast? Maybe show the bank a large amount CD or fax them my tax return? Thank you. 

[enharu]

Chase CLIs initiated by you is 1 HP. GE is SP, not sure about rest.

There's no good approximation on how much CLI you can get. There's also a chance you will not get any even if you invest a HP. Best way is to practice good credit habits, use the cards a lot and pay a lot, and keep util low when you are about to ask for CLI.

Best of luck!

[LS2982]

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@w20031424 wrote:

With last month's apping spree, I have five new cards now. So it's time to grow my credit line. I'm charging my business expense in the amount of 3X-4X  CL through each card I have,which you can see in my sig, except the Cap One card. I asked each card issuer's CSR in advance and read the T&C of each card thoroughly, and it seems fine to put business charge on personal card. Actually I have 90K+ business expense each month that I can charge through credit cards. But I think 4X of CL is the limit, anything beyond that can look suspicious and raise a red flag. So I have to finish the rest of these transactions with debit card or check.

The only thing is that my credit history is short, oldest account is 1 year and 10 month, AAOA about 5 months now. 30 inquiries on each report. Annual income 80K.

Does anyone have any idea of the approximate CL I may eventually get after six months? Thank you. 

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Why so many????

[enharu]

Wow I missed those inquiries. Good catch!

[w20031424]

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@LS2982 wrote:

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@w20031424 wrote:

With last month's apping spree, I have five new cards now. So it's time to grow my credit line. I'm charging my business expense in the amount of 3X-4X  CL through each card I have,which you can see in my sig, except the Cap One card. I asked each card issuer's CSR in advance and read the T&C of each card thoroughly, and it seems fine to put business charge on personal card. Actually I have 90K+ business expense each month that I can charge through credit cards. But I think 4X of CL is the limit, anything beyond that can look suspicious and raise a red flag. So I have to finish the rest of these transactions with debit card or check.

The only thing is that my credit history is short, oldest account is 1 year and 10 month, AAOA about 5 months now. 30 inquiries on each report. Annual income 80K.

Does anyone have any idea of the approximate CL I may eventually get after six months? Thank you. 

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Why so many????

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A lot of are premature apps I did in the late 2011 before I learnt anything about CC. I just thought it pretty fun to app at that time and didn't realize the lost.

[enharu]

Just wait till they fall off end of this year then before you do anything else and you will be fine