@Anonymous wrote:
Hi! I've asked before but didn't get an answer... in what way should I spend/pay to help get a cli? I was pif before my due date and reported 0 balance. I requested an increase to my cap 1 card and it was denied because I'm not using enough of my avail credit. My bill is due Nov 13th was 279 but I pif already.... I believe my statement will cut on Nov 19. I'm not sure if I max out and let it report then pif... or if I max out but pay all except a percentage before it reports??? I'm lost lol
In a "normal" economy, less the pandemic, when use a good portion of the CL and pay it in full before statement cut, it sends a message that (a) you are using the card (b) you are responsible (c) you can potentially handle a higher limit, because you pay nearly in full - before statement cut. (I have been told that having a zero balance at statement cut might cost us FICO points).
Nothing is normal, except for more declines even with nice scores and utilization.
There have been stories of many credit card issuers holding the line on CLIs. You're not the only one frustrated. It really sucks, because you can do everything possible/positive to anticipate an increase and it doesn't happen. Even if you received the template denial letter, call the credit department and ask them to reconsider. If they decline again, see if they have information on when lines - in general - may be increase.
We really have to put everything in perspective; there are millions of people who are unable to pay their credit balances - the minimums! - because of Covid-19, the economy etc. Purely from a risk standpoint, banks are not going to be easy on new accounts and CLIs nowadays. In fact, many are cutting CLs to manage risk!!
Continue to use your card, always leaving a small balance - a few dollars. When requesting an increase, call the credit card company and speak to someone personally. Don't request online.
Good luck.
