Util needed to justify a CLI

[JtAlmond]

I got shot down for CLI twice for not utilizing enough of my credit to justify an increase.  I was turning in a 0 - 3% utilization .  A third time CLI denial was over an alleged late pay which I knew nothing of or was messaged about, nothing bad happened because of it and no late fee assessed..

Lately , I was credited back some unauthorized charges due me and my card had a balance of negative $134.  C1 surprised me by more than doubling my CL.

[masscredit]

I'm rebuilding after a BK filed in March '22. Trying to grow the cards that I have while hanging in the garden. Of the cards that I have, I think at least two of my Cap1 cards will show the most growth so I put a lot through them. Sometimes running them into the 90% range then paying to $0 before the statements close most months. Don't know if that part can hurt the process. 

For one of my other cards, it doesn't get as much use as the others. I used it for a decent purchase for Christmas then had to return the item because someone else bought and wrapped it. Do purchases that are returned still count as useage? 🙂 Actually, I am kind of wondering that.

[Horseshoez]

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@masscredit wrote:

I'm rebuilding after a BK filed in March '22. Trying to grow the cards that I have while hanging in the garden. Of the cards that I have, I think at least two of my Cap1 cards will show the most growth so I put a lot through them. Sometimes running them into the 90% range then paying to $0 before the statements close most months. Don't know if that part can hurt the process. 

For one of my other cards, it doesn't get as much use as the others. I used it for a decent purchase for Christmas then had to return the item because someone else bought and wrapped it. Do purchases that are returned still count as useage? 🙂 Actually, I am kind of wondering that.

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CapOne is funny, my Quicksilver card, which I got less than a year after my discharge, started out at $3,000 and grew to $6,300 with heavy usage and always paying the balance off before the statement cut.  My SavorOne card, which I got after my Chapter 13 fell off my records, started at $2,000 and has also gotten heavy usage and always paid in full before statement cut; it is now nearly two years old and has yet to be granted a CLI.

[masscredit]

Some cards (Cap1 for example), ask for monthly spending on cards when requesting an increase. For me, that depends on the card and month. I can just put food, gas and utilities on my cards which is about $750 or use them for a trip and other purchases which can be $7500+ in a month.  And, if a person has a $5K limit and only runs $1K through their cards each month, It's the credit card companies, wondering why they need more money? And I know most things like this I handled through a computer.

[DXness]

Funny thing is that's what I put for intended monthly spend for Capital One - I was running $1K through a $5K Savor One.  They gave me $10K.  I'll never really understand CLI decisions when issuers like Amex decide it's cool to go to $18K in 9 months, but US Bank will only go to $1K.  They are seeing the same profile!