The time between CLIs

[MidnightVoice]

This seems to have come up a lot recently.  It strikes me that a responsible CCC will be thinking there should be no reason for a CLI more than every 6 months, or if your credit is good, every year.  There should not be that much change in anyone's financial situation much more often than that, except in unusual circumstances.

And I figure this will be even more true right now, with a credit crunch. 

[Anonymous]

'Prolly depends on "where you are", credit-wise.  If you are rebuilding and all you have are the $250 - $300 limit cards, every 3 months or so seems proper for a review for a CLI.

If, on the other hand, you have a long and positive history, an annual revew seems appropriate.

And, it seems store-cards, now matter how long your history, start you off with $300. I am sure there are exceptions, but that seems pretty common. A $330 limit card should be reviewed every 3 months, irregardless of length of history. Nowadays, $300 doesn't buy much.

[Anonymous]

I agree with both of you. Both are valid points.

Someone with good history only needs semi-annual reviews, whereas someone who is rebuilding should be reviewed more often(to check on the person's financial stability if nothing else), and if their CR's reflect responsible use in that 3 month or so time frame, then they deserve a little more limit on the card. It only helps the ccc in doing that.