When should I ask for a CLI?

[Anonymous]

Hey Everyone,

My highest CL is Chase Southwest--$5,000. I am suspecting they gave me that because of some late payments and a collection on my report. I was approved for the Chase card in March. Since then, I have had the collection and lates removed from my reports. I now have a completely clean report. No baddies whatsoever. The only negative is I opened a bunch of accounts in April after Chase spiked my app addiction. So, I know not to ask Chase for a CLI right now while these new accounts are very recently reporting to my CRs. However, I do want to ask for a CLI at some point. I am hoping for $10,000.00. When do you think I should ask? Is October a good time, or could that still be a bad time with all the new inqs and accts on my report? I just don't want to wake the sleeping giant as some of you say on these forums? In October, my utilization will be 9% before I ask for the CLI. I'll also have some added history and a better income.

Thanks.

[Anonymous]

I personally think that's a great plan.  I would just wait until October and then ask then!  Congrats on your card and keep up the good work!

[bichonmom]

A good general rule of thumb is 6 months. Sometimes a year, depending on the situation. How many is "a bunch of accts"? 2 or 3, and I'd say 6  mos is fine. If you have 5 or 6, I might wait 9 to 12 mos. Just depends. Also, Chase isn't so sensitive to new accts and inq as Barclay's or Amex.

[Anonymous]

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@bichonmom wrote:

A good general rule of thumb is 6 months. Sometimes a year, depending on the situation. How many is "a bunch of accts"? 2 or 3, and I'd say 6  mos is fine. If you have 5 or 6, I might wait 9 to 12 mos. Just depends. Also, Chase isn't so sensitive to new accts and inq as Barclay's or Amex.

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9 new accts. Yikes, lol.

[bichonmom]

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@Anonymous wrote:

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@bichonmom wrote:

A good general rule of thumb is 6 months. Sometimes a year, depending on the situation. How many is "a bunch of accts"? 2 or 3, and I'd say 6  mos is fine. If you have 5 or 6, I might wait 9 to 12 mos. Just depends. Also, Chase isn't so sensitive to new accts and inq as Barclay's or Amex.

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9 new accts. Yikes, lol.

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That's 9 months if you got 5 or 6 new accts, not 9 new accts.

[Anonymous]

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@bichonmom wrote:

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@Anonymous wrote:

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@bichonmom wrote:

A good general rule of thumb is 6 months. Sometimes a year, depending on the situation. How many is "a bunch of accts"? 2 or 3, and I'd say 6  mos is fine. If you have 5 or 6, I might wait 9 to 12 mos. Just depends. Also, Chase isn't so sensitive to new accts and inq as Barclay's or Amex.

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9 new accts. Yikes, lol.

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That's 9 months if you got 5 or 6 new accts, not 9 new accts.

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No, I actually got nine new accts. lol I went app crazy. I don't know what those creditors were thinkin' but they must've seen something they liked! lol

[Anonymous]

OMG, why do you need 9 new accounts that's way to many in my opinion and for what?  I just don't see the need for all of that, but hey do your thang.  I think 3 or 4 is perfect and all you need to maintain good credit. 

[bichonmom]

OMG! Garden and pray. Don't CLI for a year.

I hope none of your new CCs is Barclay's.

[Anonymous]

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@Anonymous wrote:

OMG, why do you need 9 new accounts that's way to many in my opinion and for what?  I just don't see the need for all of that, but hey do your thang.  I think 3 or 4 is perfect and all you need to maintain good credit. 

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I just went crazy. When Chase approved me, I was like, "I have to have more. I have to see if I'll be approved for more!!" And I kept apping. I stopped myself after 13 apps and entered the garden. After the ninth approval, I started getting rejections. So, it got pointless. Now I will garden nine of those accts and watch them grow. I guess I'll never get a Barclays or Amex. They'll freak out!

[Anonymous]

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@bichonmom wrote:

OMG! Garden and pray. Don't CLI for a year.

I hope none of your new CCs is Barclay's.

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lol, no, Barclays was one my rejections. Also, Amex rejected me before I even went on my app spree because of limited credit history and that collection on my report. Yes, I am gardening. I will ask for a CLI in a year!