Moral of the story. Stop requesting CLI's. Stop carrying a balance to see if you can force a CLI. Get only what is needed for SL to start with a new card. Close CC's you don't intend to ever use long term, or at least expect they may be closed for you. You don't need extra CL padding if you never carry a balance. Problems solved for established credit.
Aven:
@ElvisCaprice wrote:Moral of the story. Stop requesting CLI's. Stop carrying a balance to see if you can force a CLI. Get only what is needed for SL to start with a new card. Close CC's you don't intend to ever use long term, or at least expect they may be closed for you. You don't need extra CL padding if you never carry a balance. Problems solved for established credit.
@ElvisCaprice, your comment seems to miss the reality of how credit limits work. No one can just ask for a specific starting limit and expect to receive it—these are set by lenders based on various factors. Furthermore, CareCredit offers interest-free periods, which can be a huge help to those who use these periods in a financially responsible way and have higher medical or dental expenses.
Your advice to never carry a balance doesn’t offer anything productive in this context. Are you suggesting we shouldn't take advantage of the perks credit cards offer, like interest-free periods?
Instead of a generic, condescending, and dismissive "Problems solved for established credit," we should keep our responses relevant and supportive, addressing the specific needs and challenges discussed in this forum.
@GreyvyTrain wrote:
@ElvisCaprice wrote:Moral of the story. Stop requesting CLI's. Stop carrying a balance to see if you can force a CLI. Get only what is needed for SL to start with a new card. Close CC's you don't intend to ever use long term, or at least expect they may be closed for you. You don't need extra CL padding if you never carry a balance. Problems solved for established credit.
@ElvisCaprice, your comment seems to miss the reality of how credit limits work. No one can just ask for a specific starting limit and expect to receive it—these are set by lenders based on various factors. Furthermore, CareCredit offers interest-free periods, which can be a huge help to those who use these periods in a financially responsible way and have higher medical or dental expenses.
Your advice to never carry a balance doesn’t offer anything productive in this context. Are you suggesting we shouldn't take advantage of the perks credit cards offer, like interest-free periods?
Instead of a generic, condescending, and dismissive "Problems solved for established credit," we should keep our responses relevant and supportive, addressing the specific needs and challenges discussed in this forum.
The reality is that one can, if applying by phone request a credit limit at times. Otherwise once the SL is known, CLD it before it reports to the bureaus if too high.
Yes, in most cases I would avoid carrying any balance, even interest free, or at least be aware of the implications from issuers who don't/can't differentiate between an interest offer or a client in trouble. I see far too many folks getting in trouble with these interest free/low offers.
Obviously it's a YMMV. Safer to avoid altogether if CL's are a big deal to you. If not, like myself, fire away.
Are we just encouraging bad behaviour by trying to address these issues or best to lay out an ultimative? I think a bit of both is best.
