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US Bank CLI strategy?

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Frequent Contributor

US Bank CLI strategy?

Hello, 

 

I currently have a Cash+ Visa Signature card with US bank at around 60% utilization. (line is 10k)

I opened up this card in August 2018 for reference. 

 

I am hoping to get a credit line increase to reduce my utilization and was hoping to know with more certainty if I would get a hard pull if I call customer service for a CL increaso or SP. 

Tried the link to their landing page and stated they can't find my account (apparently bcause I don't have an invite for a CLI).

 

I have read of a user getting an utomatic CLI at 5 months, but not sure if this is random or the norm? 

 

Should I call or wait a little?

 

Thanks

 

Message 1 of 14
13 REPLIES 13
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Valued Contributor

Re: US Bank CLI strategy?

Generally you need to call. CLIs are, for the most part, available every 6 months. What I've read is to ask for $1,500 or less and it will most likely be a SP. More generally a HP. As far as autos I'm not sure.
PERSONAL; Amex | AOD FCU | BBVA | BECU | Capital 1 | Chase | Citi | Discover | NFCU | Synchrony | US Bank
BUSINESS; Amex | Citi
F8 Current EQ•776 | TU•774 | EX•762
TOTAL PERSONAL CL > $265k
Message 2 of 14
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Valued Contributor

Re: US Bank CLI strategy?

The norm is you can request a cli of $1500 or less and most likely it will be a SP. I believe more than $1500 will like result in a HP. 

My Cash+ gave me a nice auto cli at 8 months. I had not requested any prior to that-

 

Good Luck! 




Message 3 of 14
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Frequent Contributor

Re: US Bank CLI strategy?

ok guys thanks!!

 

Could it be possible to request a CLI for $1500 ans still expect an auto CLI soon (maybe 5m or 8month into it as pikaboo?).

 

 

Message 4 of 14
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Valued Contributor

Re: US Bank CLI strategy?


@Superduper2014 wrote:

ok guys thanks!!

 

Could it be possible to request a CLI for $1500 ans still expect an auto CLI soon (maybe 5m or 8month into it as pikaboo?).

 

 


I'm not 100% but I'm thinking you get one per 6 months. If you make the request and it's approved, I'm thinking there wont be an auto cli for 6 months after that. 

JMHO perhaps somebody else has a different experience.

 

CHEERS




Message 5 of 14
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Super Contributor

Re: US Bank CLI strategy?

I have had three US Bank cards which each got a 40% auto CLI after 9 to 10 months. 2009, 2011, and 2016.

I would be inclined to wait until 11 months have passed, to see what happens, then investigate requests for SP CLI.

And I have tried the $1,500 CLI Request thing, with no joy, so YMMV.

 

Is the 60% utilization on a 0% APR offer, or you are cycling $6,000 through the account on a regular basis?

High Bal Jan 2009 $116k on $146k limits 80% Util.
Oct 2014 $46k on $127k 36% util EQ 722 TU 727 EX 727
April 2018 $18k on $344k 5% util EQ 806 TU 810 EX 812
Jan 2019 $7.6k on $360k EQ 832 TU 839 EX 831
Message 6 of 14
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Valued Contributor

Re: US Bank CLI strategy?

I'm considering another card (Flex Perks Visa) depending on the SL when I start a new checking account app. I may ask for a CLI on that HP? Not sure if that'll work.
PERSONAL; Amex | AOD FCU | BBVA | BECU | Capital 1 | Chase | Citi | Discover | NFCU | Synchrony | US Bank
BUSINESS; Amex | Citi
F8 Current EQ•776 | TU•774 | EX•762
TOTAL PERSONAL CL > $265k
Message 7 of 14
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Frequent Contributor

Re: US Bank CLI strategy?

oh forgot to ask if the $1500 cli can be requested after 6 months of account opening to have a good chance or no rule for that?

Message 8 of 14
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Frequent Contributor

Re: US Bank CLI strategy?

NBR525, I have 60% on 0apr until november. 

I will be using cash to pay off another card at 38% util in march when that offer expires. 

No other balances on cards and overall utilization is 18%. 

 

Message 9 of 14
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Valued Contributor

Re: US Bank CLI strategy?


@NRB525 wrote:

I have had three US Bank cards which each got a 40% auto CLI after 9 to 10 months. 2009, 2011, and 2016.

I would be inclined to wait until 11 months have passed, to see what happens, then investigate requests for SP CLI.

And I have tried the $1,500 CLI Request thing, with no joy, so YMMV.

 

Is the 60% utilization on a 0% APR offer, or you are cycling $6,000 through the account on a regular basis?


I agree nodding.gif

 

I did get a SP $1500 cli but it was on my US Bank Fred Meyer MC. You're right though, there are no sure things in credit. 

About 2 weeks later, they gave me the auto cli on my Cash+  $8000 > $12,000. 

 

OP- I think it yes, wait 6 months after opening. And NRB's question on uti is a good one as it can affect approvals. 




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