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Will i get a better cli this way?

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Regular Contributor

Will i get a better cli this way?

Ive read a few places that supposedly, if you use the card more in the month your ljmits will be bigger increases and sometimes more often.
Is this true? Use a lot, pay off as you go except maybe 7 or 8% to have there when the statement cuts, then PIF at the statement?
Is this true?
Specifically with NFCU, capital one and discover?
Chap 7 discharged 12/2018
Car loan 12/2018 Refinanced 2/19
Capital one QS 2250
10/2019 Capital on platinum 3k
1/2019
NFCU Nrewards 6k 2/2019

CURRENT FICO9 Equifax 725

Hubby is on same car loan and Chap 7
Capital 1 platinum 2250 1/2019
NFCU Nrewards 6k
9/2019 Discover it 2100
5/2020

CURRENT FICO8 685
I pay all cards in full every month other than 1
Message 1 of 12
11 REPLIES 11
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Established Contributor

Re: Will i get a better cli this way?

That certainly would show the CCC that you are responsible at handling your credit, but does not necessarily mean they will give you a different or a higher one because of it.
I would suspect that more is figured in to it, your debt to income ratio etc.
I have not noticed any difference in increases over the years whether I have PIF or let a balance ride. YMMV





~~ Former Royal Navy Submariner - Proud to have served ~~
Message 2 of 12
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Super Contributor

Re: Will i get a better cli this way?

I pretty much ignore others' anecdotal evidence about CLIs (that said, my limits are adequate so I don't care much about CLs in general). There are too many unknowns to try to find order.

Two big ones:
Income: People are far more likely to share their CLs than income (or net worth).
SL: People with a great history and great income often get a great SL. When someone reports a huge CLI, he or she may not share any reasons why the SL was comparatively low.
Spend: BofA PR + WWFCR, BBP, Schwab Platinum, Freedom x 2, Costco, Discover
Perks: IHG49, Hyatt75, Delta Platinum, "Old" SPG95
SD/AAoA Ballast: Arrival, CFU, DC
Upgrade/downgrade games: BCP, EDP
Mostly earning MRs and cash back as I use up hotel and airline points spread across several programs.
Message 3 of 12
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Community Leader
Mega Contributor

Re: Will i get a better cli this way?

With Navy, usage doesnt matter, it does in that you want to use it , but your profile , income, and dti matter more.some people dont worry abour cli because they already get sufficient starting limit due to their high income and profile. For others , depending on the lenders ie Cap One, higher usage can often times beget higher cli when asked for. Some lenders there is no right or wrong like Discover who are over the place in handing out cli. My advice is just use your cards responsibly, pay on time and should you choose to request cli, study up on each lender to know what they look for. Cli is not the devil but sometimes you might be led to believe it is. Every person is different, every profile and needs are different. Just adjust your requests for your needs and not everyone elsesSmiley Wink
Message 4 of 12
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Community Leader
Senior Contributor

Re: Will i get a better cli this way?


@Disneymom234 wrote:
Ive read a few places that supposedly, if you use the card more in the month your ljmits will be bigger increases and sometimes more often.
Is this true? Use a lot, pay off as you go except maybe 7 or 8% to have there when the statement cuts, then PIF at the statement?
Is this true?
Specifically with NFCU, capital one and discover?

Using the card a lot, paying as deemed necessary, and always paying statement balances in full is a great formula for Capital One. You don't necessarily have to leave a positive balance on the statement.

 

Discover has no preference that we've been able to pin down. Flip a coin, roll some dice, read some tea leaves, or check your horoscope.

 

I think time is your most valuable asset with NFCU, but I'm not the most qualified to comment on them. Hopefully, someone will chime in.

Message 5 of 12
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Super Contributor

Re: Will i get a better cli this way?

NFCU values DTI, overall utilization, and time to get to know you. When I asked for my CLI on my cashRewards when I hit 91/3 last month, I had a small balance on the card and it went from $3K to $7.5K (what I requested). I had demonstrated my ability to make large payments though, always paying my statement balance and paying down my balance to no more than 10% before statements cut. 

 

Cap definitely values lots of spend and statements paid in full. My QS was the first card I got after my bankruptcy, a $500 credit steps Platinum in 2014. It is now an $8250 QS which is pretty much unheard of for a bucketed starter card but I literally just had one card for about a year and then added the PlayStation (also Capital One) to my wallet so Cap got very familiar with my ability to spend and pay, including carrying a large balance (relative to my income) and paying it off quickly which is probably why they gave me an additional $2000 when I asked for my CLI in March before I got all of these other great cards. 

 

Discover... nobody knows. I doubt they even know. 



Message 6 of 12
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Community Leader
Super Contributor

Re: Will i get a better cli this way?

IME, I’ve gotten nice size CLIs from Disco and AmX that I correlate with large spends and humongous payments if not PIF.

Now with NFCU, I do believe it’s related to DTI ratio because I put less than 2% monthly spend on that card and have still received monster CLIs when I asked for one.

DEC 2019: EX 816, TU 820, EQ 810
DEC 2018: EX 777, TU 783, EQ 799

|| AmX Cash Magnet $40.5K || NFCU CashRewards $30K || Discover IT $24.7K || Macy's $20K || NFCU CLOC $15K || CitiCostco $12.7K || NFCU Platinum $12.5K || Apple Card $6.5K ||
Message 7 of 12
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Senior Contributor

Re: Will i get a better cli this way?


@Saeren wrote:

 

Discover... nobody knows. I doubt they even know. 


@Saeren

Haha, yeah, I've called Discover and asked them a few times about the cli secret and they won't tell me. They also state that they are not allowed to give advice and refer me to seek out a credit counselor if I felt I needed it, lol. (I don't need counseling, just the "magic cli bullet".)  

”MY TAKE HOME PAY DON’T TAKE ME HOME”


Message 8 of 12
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Super Contributor

Re: Will i get a better cli this way?


@GApeachy wrote:

@Saeren wrote:

 

Discover... nobody knows. I doubt they even know. 


@Saeren

Haha, yeah, I've called Discover and asked them a few times about the cli secret and they won't tell me. They also state that they are not allowed to give advice and refer me to seek out a credit counselor if I felt I needed it, lol. (I don't need counseling, just the "magic cli bullet".)  


I think they do it like PenFed does approvals. Monkeys and a dart board. Smiley Wink



Message 9 of 12
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Senior Contributor

Re: Will i get a better cli this way?


@Saeren wrote:

@GApeachy wrote:

@Saeren wrote:

 

Discover... nobody knows. I doubt they even know. 


@Saeren

Haha, yeah, I've called Discover and asked them a few times about the cli secret and they won't tell me. They also state that they are not allowed to give advice and refer me to seek out a credit counselor if I felt I needed it, lol. (I don't need counseling, just the "magic cli bullet".)  


I think they do it like PenFed does approvals. Monkeys and a dart board. Smiley Wink


....oops, delete my comeback (not nice)  Isn't there a thread about Discover and datapoints on here somewhere?

”MY TAKE HOME PAY DON’T TAKE ME HOME”


Message 10 of 12
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