@seattlecredit08 wrote:
Very interesting thread. I don't have yet any cards over $50K; the closest I have is just over $30K.
What I am always curious about is how does one typically grow SL on these type cards, e.g. going from the initial SL of let's say $20-$30K to $80K.
Is it almost always through a customer -initiated CLI or auto-CLI?
The reason I am asking is because while we do hear quite a bit about > $50K limits, we almost never hear about SLs over $50K on a single revolver.
Thanks!
It boils down to persistence and experience.
Initial CL's aren't going to be amazing in most cases. Typical CL's starting out for those of us in the game for awhile typically range from 25-50K depending on the depth of profile.
Growth though when it comes to banks isn't usually something they're going to just cough up on their own. For instance when I picked up Citi cards they opened at 11K and CLI at open to 16K and the other opened at 8K and CLI to 13K when activating. I don't quite get why they don't just offer you the best CL when opening instead of making you app for a CLI and another HP but, as your profile gains depth the HP's don't really matter from the stand point of your scores. Why you have to push them for that extra 5K they withold on approval just doesn't make much sense but, it is what it is.
If you don't PUSH them your limits won't move much on their own. IIRC there's 1 or 2 CU CC's I have that did grow on their own but, not significantly within a short 2-5 year time frame. Squeaky wheel gets the CLI!
