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learning about CLI

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Anonymous
Not applicable

learning about CLI

Just want to start by saying that this board has been huge in helping me get to where I am at and I use the search function regularly!  

 

 

Not sure what info you guys will need to help me or steer me in the right direction but here goes!

 

I would like to start increasing my limits on a couple cards and want to know the best way to go about it

 

i currently have 

credit union visa card 10k limit 8K balance 

home depot x2 5K balance 3.5K balance (2 yr 0% int)

victoria secret (with wife) 0 balance 500 limit 

paypal mastercard 2000 limit 0 balance (recent auto CLI)

discover it 4600 limit 2900 balance (couple auto CLI's)

chase CSP 8500 limit 600 balance

b of A cash rewards 5000 limit 1K balance (recent CLI from 2K)

Cap1 quicksilver 1000 limit $400 balance

 

I have a credit line through alaska USA 5K limit 0 balance.  also have a mortgage and a couple car payments.  I also have a couple other installment accounts.  I do have a closed acct (PIF) from B of A from 4 years ago that they wont take off, ive tried and tried! and a couple 60 day lates but PIF from years ago as well.  I havent made a late payment on anything in 4 years (since I started taking credit seriously).  I want to get my limits on my cards up, not that I need the credit just for peace of mind mostly.  Whats the best avenue to take?  Discover and B of A credit tracker has me at 705 and 712 FICO.  but still says serious deliquency from the closed account i assume.  I can easily pay off the balances on most cards (except the 8k).  What other info do you guys need to help me?  Smiley Happy

 

i recently asked for CLI on cap1 and paypal mastercard, both have had 3 statements cut and cap1 said acct too new and waiting for response from paypal.  

 

 

Message 1 of 6
5 REPLIES 5
dynamicvb
Valued Contributor

Re: learning about CLI

You are probably going to need to reduce some balances before you are going to have a lot of luck with CLI's. Discover has been good about growing with me, but I'm not sure you will have a lot of luck until some of that balance is paid down. Most of the companies don't' really like to grant additional credit limits when you already owe them.

Started Rebuild 4/2018: EX 616| TU 604| EQ 621

Current 5/28/20:


First Goal Score: 750+ Reached 3/2019

Next Goal all over 800
Message 2 of 6
HeavenOhio
Senior Contributor

Re: learning about CLI

What are the limits on your Home Depot Cards?

Message 3 of 6
Anonymous
Not applicable

Re: learning about CLI

$500 with 0 balance and $5000 with 3500 balance.  

Message 4 of 6
xaximus
Valued Contributor

Re: learning about CLI

I would definitely try to bring your balances down and then give it atleast 30-60 days for all of your reports to update. Once your UTI comes down, that should open up more avenues in getting CLIs.


Scores - All bureaus 770 +
TCL - Est. $410K
Message 5 of 6
Anonymous
Not applicable

Re: learning about CLI

quick question

 

Discover recently auto increased me another 1K, i went in the same day and asked for a cli and they offered another $200, i cancelled obvioulsy because I am seeking a higher cli.  will it hurt me to accept the $200 now?  can i ask again next month for another cli?

Message 6 of 6
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