CLI and I got a score ding

UDNS_Eric · ‎02-23-2018

Not that it matters, nor do I tend to worry about the minor 3-5 point fluctuations, but I have to laugh, AMEX gave me a CLI that I did not request on my Delta Reserve and my score got dinged -2 from 768 to 766. Why does that happen?

Eric

OmarR · ‎02-23-2018

@UDNS_Ericwrote:
Not that it matters, nor do I tend to worry about the minor 3-5 point fluctuations, but I have to laugh, AMEX gave me a CLI that I did not request on my Delta Reserve and my score got dinged -2 from 768 to 766. Why does that happen?

Eric

Are you saying that AMEX did a hard inquiry on you without your permission?

Or are you assuming that you lost 2 points due to the CLI?

EQ=850 TU=848 EX=849 0/24 UTIL=$1 AZEO

USAA Limitless VISA (1.5% Everyday Non-category) $24,000

Paypal MC (2% Everyday Non-Category) $10,000

US Bank+ VISA (5% Dept Stores & Phone) $12,000

Fort Knox Credit Union VISA (5% Gas) $13,500

Vantage West VISA (5% Costco) $10,000 & (DW- 5% Utilities) $10,000

Chase Freedom VISA (5% Rotating Categories) $12,000

Discover IT (5% Rotating Categories) $10,500

Citi Dividend MC (5% Rotating Categories) $10,3000

Nusenda Platinum Rewards VISA (5% Rotating Categories) $13,900

UDNS_Eric · ‎02-23-2018

No hard inquiries against me, no, but I did get an alert that my FICO score saw a reduction of 2 points on the same day as the CLI.

DollyLama · ‎02-23-2018

Alert reasons can be so misleading. Just today, about 9 hours before my new 3B report was ready. Alert, a card that has been inactive has become active, UP 6pts.

Mine over the past 12 months, dive on inactive to active. Yes I used Amazon for a purchase and paid it in full 2 days later, last used November. However, this coincided with a loan that hit <8.9% of it's original balance, and my Synch had raised my CL this month. My statement with them does not cut till the 5th of the month. So I chalk it up to the actual loan balance-something we really never get alerts on, as even with the CLI, it did not cross me to any other threshold in the score bumps. So no alert on CLI, but reflected on new report, no credit utilization on revolvers crossing thresholds, but yes on the installment.

Anonymous · ‎02-23-2018

@UDNS_Ericwrote:
No hard inquiries against me, no, but I did get an alert that my FICO score saw a reduction of 2 points on the same day as the CLI.

Coincidence. The point loss was for something besides a credit limit increase. That never affects ones score negatively. It’s either an iincrease due to utilization decrease or no change. At the same time of the increase something else could have changed to cause the decrease. To many possibilities to guess.

Anonymous · ‎02-24-2018

@UDNS_EricNot that it matters, nor do I tend to worry about the minor 3-5 point fluctuations, but I have to laugh, AMEX gave me a CLI that I did not request on my Delta Reserve and my score got dinged -2 from 768 to 766. Why does that happen?

Eric

The CLI caused an alert and a new score is provided when you receive an alert. That doesn't mean that the score change had anything to do with the alert and I can assure you that's the case with this example here, as CLIs can never result in a score drop.

The only time a CLI could possibly result in a score drop is if it made the account in question become excluded from the FICO algorithm. This can only happen if you have a very high credit limit, say $60k+. If you were practicing AZEO and your AZEO card had say a $50k limit and you got a CLI to say $65k, the FICO algorithm could excluded that trade line from scoring consideration because of it's size, meaning you'd drop from AZEO to AZ. In that case you could lose 15-20 points from a CLI. That's the only off the wall 1 in 1000 example I can think of.