Utilization that would cause automatic CLI increase?

[Superman85]

I just recently aquired a few credit cards as you can see below in my siggy. The CL are low $300-$700 and I'm in the garden for 1 year. I want to know what kind of UTI would encourage the credit card companies to automatically increase my CL? I specifically want to try to get automatic increase with wal-mart to possibly a Discover Wal-Mart card with a higher CL. I've heard possibly charging it multiple times a month and paying it off before the statment cuts to avoid paying interest with just a small balance reporting 1-9%.

I'm thinking I can do this with all cards so that I could be more likely to get approved for CLI's on all of them. Don't know if just not using them at all would sway them to give me an increase when I hit the luv button.

[notfancy]

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@Superman85 wrote:

I just recently aquired a few credit cards as you can see below in my siggy. The CL are low $300-$700 and I'm in the garden for 1 year. I want to know what kind of UTI would encourage the credit card companies to automatically increase my CL? I specifically want to try to get automatic increase with wal-mart to possibly a Discover Wal-Mart card with a higher CL. I've heard possibly charging it multiple times a month and paying it off before the statment cuts to avoid paying interest with just a small balance reporting 1-9%.

I'm thinking I can do this with all cards so that I could be more likely to get approved for CLI's on all of them. Don't know if just not using them at all would sway them to give me an increase when I hit the luv button.

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I seem to have no luck with auto increases, but for Walmart, you can ask for one every 4 months, but you want some kind of balance to post each month, or they seem to make you call credit solutions if you want an increase.

Target doesn't ever seem to go up no matter what you do.

[Dw4250]

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@Superman85 wrote:

I just recently aquired a few credit cards as you can see below in my siggy. The CL are low $300-$700 and I'm in the garden for 1 year. I want to know what kind of UTI would encourage the credit card companies to automatically increase my CL? I specifically want to try to get automatic increase with wal-mart to possibly a Discover Wal-Mart card with a higher CL. I've heard possibly charging it multiple times a month and paying it off before the statment cuts to avoid paying interest with just a small balance reporting 1-9%.

I'm thinking I can do this with all cards so that I could be more likely to get approved for CLI's on all of them. Don't know if just not using them at all would sway them to give me an increase when I hit the luv button.

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QSOne= every 6 month SP

Barclays= anytime, but it will be a HP.  However many have reported 6 month auto CLI with them

Walmart= every 4 mos SP with credit solutions.  Make sure you have at least one charge to generate a statement....

Target= fuggetaboutit!

[Superman85]

Thanks for the info friends! I'm a little confused when people refer to " credit solutions" or "Synchrony", are you telling me I have to contact the credit card issuer directly and not wal-mart credit card services for a CLI?

[notfancy]

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@Superman85 wrote:

Thanks for the info friends! I'm a little confused when people refer to " credit solutions" or "Synchrony", are you telling me I have to contact the credit card issuer directly and not wal-mart credit card services for a CLI?

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Walmart credit services is backed by Synchrony (used to be GE) Credit Solutions is the part of their branch that handles these things. You can try and call the number on your card or what ever though. It just might not be as effective.

[DaveSignal]

To avoid interest, you need to pay your statement balances by the due date.   Paying before the statement is cut is a great way to manage utilization with small credit lines, but pre-paying charges before they are billed is not neccessary to avoid interest.  What previous posters are saying is that you need to make sure that there are some charges on the bill each month (which you can still pay in full by the due date to avoid interest) in order to increase your chances for CLI.

GE Credit Solutions issues the Walmart credit card.  The number is listed in the backdoor thread:

http://ficoforums.myfico.com/t5/Credit-Cards/Backdoor-Numbers/td-p/408066

[nachoslibres]

Like the others have said, it varies per bank.  I would just use the cards normally and be prepared to wait 6 months to a year and see what CLIs you automatically get.  If after a year a card isn't giving you one without an HP, then you could replace that card by getting something better.  I normally wouldn't advise on wasting an HP on a CLI.

[Superman85]

This is very valuable information thank you guys. Its all making sense now. I'm new to having credit cards, it all happened so fast going from not a chance in hell of ever getting one to now having 5 I need to manage. I appreciate all the avise.

[notfancy]

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@Superman85 wrote:

This is very valuable information thank you guys. Its all making sense now. I'm new to having credit cards, it all happened so fast going from not a chance in hell of ever getting one to now having 5 I need to manage. I appreciate all the avise.

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Good luck. You have good cards now. Barclay seems to not like new cards or new inquiries, but they apparently are very good at granting regular credit limit increases. I'd suggest laying low now for 6 months to a year. Work on your negatives and work on getting Soft Pull credit limit increases. You should be in excellent shape to get pretty much anything you want  in a year or so if you let the accounts and inquiries age... as well as get rid of as many of those negatives as you can!

Remember you really only need 3 cards to get optimal FICO scoring. Before applying for anything new in the future with your 5 cards, make sure 4 of them are reporting a 0 balance, and that the 5th card only reports a balance of 1-9% of that card's total limit.