LaJollaInvestor said:

Have any of you been successful in auto CLIs after hitting 25K?

You want...
large credit lines: how & where did you get unsec credit lines > $25K?
and
So you want higher credit limits? Got questions about getting them? Then this thread's for you!!

I just saw Snyder's answer.

Thanks. I assume it's the same for Citi then.

sfmilstead said:Does AMEX conduct a hard pull from the CLI button if you are asked to put in annual income? I'm seeing conflicting information from numerous boards, so I thought I'd ask y'all.

Salud,
Sean

AMEX has recently redone their entire CLI page. You will NOT get a hard pull for putting in your income. It is a new short form, unlike the old one. It is unclear whether you can even get luv anymore, since I haven't heard of anyone being 'preapproved' by AMEX anymore. You enter your new CL you want and your income and it will immediately give it to you, or if you are too high, it will give you a counter offer. Some people (but very few) are given a message that they will get notice in 7-10 days, in which a short pull is done. But BE VERY CAREFUL. Creditboards.com has been flooded with people getting huge lines (ie. getting all of their AMEX cards to 25k) then they are being hit with financial review. It seems the new system is VERY easy to get high cli, but it does come at a price. If you do it, be very modest.

makeinu said:Does anyone think that higher utilization on a particular card might help with CLIs? In other words, will creditors be more likely to give you a CLI if they see you are using nearly your entire credit line, but paying off the balance in full every month?

I recently got approved for a CLI on a card from citibank even though I'm carrying >90% on my other citicards. I don't carry any balance on the card for which I got the increase and I'm wondering if I got the increase because I charged almost the full credit limit of the card this month.

This strategy has worked well for me. When I've used 90% of a credit line in a month then paid in full, I've found that the CSRs (and their computers) were quite receptive to my CLI request. It works particularly well if you have other higher credit limits and you can say "Well, I'd like to put more charges on your card, but if you don't raise my limit, I'll have to go and use my card from <insert competitor bank name> since it has a higher limit."

The new AMEX CLI form has been giving CLI to anyone who asks

Alright guys. Capital One is increasing limits now without a hard pull. 1-800-889-9939. It's a person not a computer, but it's very easy to get credit increases; however most are small (ie. $500-$1000 increase).

DealWinners said:mespin said:I have adverse history with AMEX. I had a 60+ day late balance when I was in law school, card was closed, but I paid it off and had it removed from my credit report -- so only AMEX knows about it.How did you remove the late payment info from your credit report?
I paid AMEX in full for the late balance on condition that the negative info be removed. It hadn't gone to an external collections agency and was within 90 days of the original due date (or maybe 120 days -- they told me that one of those two was the cut-off for getting the info removed). They just removed the account entirely from my credit reports.

theman2 said:has anyone tried the new B of A CLI online?

I can't tell if it is going to require a hard pull or not. The verbiage is unclear. The previous one did not do a hard pull.There's a whole thread about the new BofA button. It seems to be soft pull.

I saw a post someware that a guy kept his old Capital One card open becuase it was the first card he opened. I've heard this before, about the average time your cards have been opened and such. I called today and spoke with Bank of America, regarding 3 card my wife opened, one a Platinum Plus account, one from MBNA and her very first card with BofA. When asking about merging the credit lines, I asked the CSR about merging them, wanting to keep the Platinum Plus card, but not wanting to loose the longest card on my wifes credit history, she told me she didn't look at how long the card was opened when she approved new card, lines, or increases, people close them for all sorts of reasons, all she looks at is when the first card was opened, and how someone used it. What do you guy's think??

echoside2006 said:I saw a post someware that a guy kept his old Capital One card open becuase it was the first card he opened. I've heard this before, about the average time your cards have been opened and such. I called today and spoke with Bank of America, regarding 3 card my wife opened, one a Platinum Plus account, one from MBNA and her very first card with BofA. When asking about merging the credit lines, I asked the CSR about merging them, wanting to keep the Platinum Plus card, but not wanting to loose the longest card on my wifes credit history, she told me she didn't look at how long the card was opened when she approved new card, lines, or increases, people close them for all sorts of reasons, all she looks at is when the first card was opened, and how someone used it. What do you guy's think??

If you close your 'first' account, over time it will age off, and disappear, and your 2nd oldest account will now appear to be your oldest, rinse and repeat and eventually you have a much thinner history than you would have if you didn't close any cards.