charliek said: fafura said: zimaman said: It will be reported after the next statement closes on MOST lenders. FIA (former MBNA) cards will report a few days after the CLI.
Therefore, if one has 2 cards with BofA (not issued by MBNA) 20k and 1k, with statement closing dates on 6th, and 19th of the month, is it possible after the first card reports, to reallocate 18k to the 2nd for a total limit of 19k, so after the 2nd card reports, until the 1st one does again, it will show like one is having 2 cards with 20k and 19k limits respectively?
Unless you plan on doing that every month, that will work for only one month as the current limit will show everytime the account is reported.
HOWEVER, if you happen to have 2 cards from the same issuer that report high balances and not credit limits (ie. visa signature) you could work something like that in your favor. I was able to transfer credit lines and pump up my high balances (through BTs) between 2 visa sigs, to report high balances of $20k and $28k, when in fact I only had a combined limit of $35k.
The idea is to report lower average utilization by showing extra card with high limit and do the AOR after the 2nd card reports, (possibly getting high lines from other issuers seeing those high limits).
Thank you for your request. Your account must be open for at least 6 months before we can consider granting a Credit Line Increase. You'll receive written confirmation of this message within 7 to 10 business days. During this evaluation, a credit report was not pulled on your account. Thank you for using our website.
card has been open 1 month, i maxed it out then paid it off, 4500 CL.. guess they wont give me more money
The notice said 6 months for Citi before they will consider a CLI? Arrgh. And I was hoping to get a CLI for one of my new cards after 3 months..........
Is this a new policy? Because when I got my Citi Dividend in '05, I'm sure I waited at most 3 months to get a CLI.
i got the same thing. i will have to live with the $7K CL they provided...
hiroler said: i just got this message from citi
Thank you for your request. Your account must be open for at least 6 months before we can consider granting a Credit Line Increase. You'll receive written confirmation of this message within 7 to 10 business days. During this evaluation, a credit report was not pulled on your account. Thank you for using our website.
card has been open 1 month, i maxed it out then paid it off, 4500 CL.. guess they wont give me more money
cardinalandgoldfan said: The notice said 6 months for Citi before they will consider a CLI? Is this a new policy?It's not a new policy - it's been around for a while.
When I first got a Citi Dividend card years ago, the limit was $1,500 IIRC, at the time I had limits of ~$10K with other banks (Much higher now), The call basically went like this: <Me> The limit is useless for me, and I have better limits with other banks. <Citi> We want our own history and you have to wait 6 months. <Me> Cancel my account then, please. <Citi> What amount will keep you from cancelling? <Me> $5k. <Citi> Limit is now 5k, anything else I can help you with today?
Today the limit is now $29,000 which is my second lowest limit (Only Discover is lower at $12,500), Other cards I have are 40-50k.
Citi's just missing out on a lot of spending - their loss
zimaman said: Today the limit is now $29,000 which is my second lowest limit (Only Discover is lower at $12,500), Other cards I have are 40-50k.
Citi's just missing out on a lot of spending - their loss
You know I have the opposite experiance with Citibank. If you add up the total credit Citibank has extended to me on unsecured credit cards and overdraft line of credit they are by far the most generous of any isuser. Then BOA, AMEX,Chase, PNC,FNBO.
Citibank extended to me $100K in credit cards + $50K in overdraft. BOA extended me $100K in credit cards + $20K only for overdraft. Compare that to Crap1 or Discover joke approvals of $2-3K on new card obtained durning my last App-O-Rama. Btw just for reference FNBO gave me $25K credit limit. I think that is pretty high for them.
My AMEX Blue CL increaed from $2200 to $20,000 in 3 Years. BofA from 1000 to 18000 in 4 Years.
I just have a couple of questions: I am told not to go over 20K on AMEX. Why is this? Do they do a hard pull? If I apply for another BofA CC, will they do a hard-pull?
asarat said: I just have a couple of questions: I am told not to go over 20K on AMEX. Why is this? Do they do a hard pull? If I apply for another BofA CC, will they do a hard-pull?AMEX starts doing financial reviews when your limit > $25k, not $20k. Yes, applying for a new card will result in a hard pull. It will temporarily decrease your credit score a little bit. It is nothing to worry about.
I extracted a bunch of info from this thread to update the CC Issuer FAQ. Here's a summary, replacing the field name with the issuer:
CLI w/o hard pull __: AMEX ____: yes (online, with generous increases) BoA _____: "always a soft pull" (fafura on 2007-04-07) but YMMV Chase ___: not possible, but if denied online may get approved by calling (while the credit report is still on file) Citi ____: when requesting online, if it does NOT ask you to fill out a form, then it gets approved with only a soft inquiry (if it does present the form, just cancel to avoid the hard inquiry) Discover : can ask for immediate by phone (soft pull); if that's not enough can ask for reconsideration (hard pull; and my result in a lower offer!); over $15K may require a hard pull (dlr3) US Bank _: by phone
I'm sure there's more that people know about (including info from the early part of this thread); it would be great if people would update that thread's QS to have all the info in one place.
(mods: yes, I realize that some of this post overlaps with some of what I posted on that thread; that's because the subjects overlap!)
If I do reallocation with Citi or Chase will they update Credit Reports only with the new CL of the card that statement just closed or will they also send the info about the reduced line of the card which statement closes in two weeks from that day?
jairocon said: cardinalandgoldfan said: The notice said 6 months for Citi before they will consider a CLI? Is this a new policy?It's not a new policy - it's been around for a while.
So I waited 6 month +2 days and hit the CLI and got this:
Congratulations! Your credit line can be immediately increased by 3,000.00 for a total new credit line of 23,000.00. During the evaluation process, a credit bureau report was not pulled.
Was hoping for more since I have been using this as my primary card for all purchases that don't qualify for 5%, Have the 2% for first year. Average close to $2k a month and pay in full and had zero balance when I requested CLI. So 2 questions, Do I have to wait another 6 months to push CLI button again or should I call and ask for more with submitting docs? Which I am guessing would then be a hard pull. Only other CITI card I have is the CITI Hilton with a $50k CL and have a zero balance on that. Really wish they would allow you to combine those cards
scott1961 said:Do I have to wait another 6 months to push CLI button again or should I call and ask for more with submitting docs? Which I am guessing would then be a hard pull.After the initial 6 months (5 months in my case), you can request CLI more frequently - I tried the button again at month 9 which was approved - then received CLI via the button in months 12, 13, and 14 - button has not worked for me since that 3-month-run. CSR says they would like to see "more of a need" for CLI before the button works for me again: My utilization ~1% and PIF - so there's little chance that a dead beat like me will get much love without docs and a good cover story.
scott1961 said: should I call and ask for more Given your high HHI, it's worth a shot. (Though with "only" $2K/mo. spent, you probably need a good answer when they ask why you need more than $23K.)
dlr3 said: scott1961 said:Do I have to wait another 6 months to push CLI button again or should I call and ask for more with submitting docs? Which I am guessing would then be a hard pull.After the initial 6 months (5 months in my case), you can request CLI more frequently - I tried the button again at month 9 which was approved - then received CLI via the button in months 12, 13, and 14 - button has not worked for me since that 3-month-run. CSR says they would like to see "more of a need" for CLI before the button works for me again: My utilization ~1% and PIF - so there's little chance that a dead beat like me will get much love without docs and a good cover story.
I have 4 Citi cards, 1 is over 3 years old. 2 are around 8 months and 1 is 2 months. Of the first 3, I have never had any luck with the CLI button. Every time I try it I get the long form.
scott1961 said: jairocon said: cardinalandgoldfan said: The notice said 6 months for Citi before they will consider a CLI? Is this a new policy?It's not a new policy - it's been around for a while.
So I waited 6 month +2 days and hit the CLI and got this:
Congratulations! Your credit line can be immediately increased by 3,000.00 for a total new credit line of 23,000.00. During the evaluation process, a credit bureau report was not pulled.
Was hoping for more since I have been using this as my primary card for all purchases that don't qualify for 5%, Have the 2% for first year. Average close to $2k a month and pay in full and had zero balance when I requested CLI. So 2 questions, Do I have to wait another 6 months to push CLI button again or should I call and ask for more with submitting docs? Which I am guessing would then be a hard pull. Only other CITI card I have is the CITI Hilton with a $50k CL and have a zero balance on that. Really wish they would allow you to combine those cards
Just apply for 3 or 4 new Citi personal cards and a couple business cards on the same day and enjoy all the new credit ! (OK, wait for you next AOR or whatever....Citi is very good about reallocating across most of their cards...(normally have to keep personal and business separate)...some folks report success calling late at night and talking to Indian CSR's who seem to be able to break some of the rules.
What about DCU (Digital Federal Credit Union)? I have a $3K limit DCU Visa card for the past 2+ years I never asked for a CLI on that card since someone told me that it requires a hardpull and 3K is the max DCU gives for a Visa Gold Card? Is it true? Hardpull/Softpull? Does anyone have a CL > 3K on DCU Gold? Similarly what about DCU Platinum? Can someone like me(with a decent Credit score but only 4 years Credit history) get it?
jimbocobb said: Just apply for 3 or 4 new Citi personal cards and a couple business cards on the same day and enjoy all the new credit ! (OK, wait for you next AOR or whatever....Citi is very good about reallocating across most of their cards...(normally have to keep personal and business separate) Am really starting to wonder if I am missing out on not wanting to get any business cards in my next AoR. I get at least a dozen great offers a month mailed to me at my house and company. Business has been established for almost 40 years now and we have great credit rating. Just bothers me to drag my company into this, Always felt "You don't crap where you eat" But I might have to, Since my personal spending is so low I think it's going to start getting very tough to keep getting higher limits
In my experience BofA has always been a hard inquiry for me. Several months ago I tried the button, carefully read the disclaimer, didn't fill out any form and didn't see any mention of a credit pull. I received 3 hard pulls from that 1 attempt. I daren't try any more. I have since gotten the pulls removed from my Transunion report.
Dman081 said: In my experience BofA has always been a hard inquiry for me. Several months ago I tried the button, carefully read the disclaimer, didn't fill out any form and didn't see any mention of a credit pull. I received 3 hard pulls from that 1 attempt. I daren't try any more. I have since gotten the pulls removed from my Transunion report.
Very confusing double speak. Below is a copy and paste. At first it seems like no hard pull, But then say's "unless you are notified that it is required" And at the end it seems to say it is. I am not chancing it. When I first got my card after my AoR was done I got a $11,500 CL and tried to increase, Sent in requested W2's and bank info. They would not budge and said they felt I had enough available credit. Probably because FIA/BoA had just given me a $100k CL. Back then I had very little money with BoA but now with NEA/AAA accounts I have quite a bit. Might call my Premier Rep and ask what card I could now get. Just don't want to push it, I already asked about getting to go to a Red Sox game in there private suite.
In factoring our decision for a credit line increase on a personal account, your account performance and credit status will be reviewed. This request will not result in an inquiry to your credit report unless you are notified that it is required, and the decision will not have any impact on your credit history.
To request an increased line of credit, complete the form and click the "Request Credit Line Increase" button. By clicking the "Request Credit Line Increase" button, you authorize Bank of America to review your credit and employment histories and any other information in order to process this application, service your account and manage our relationship with you.
asarat said: What about DCU (Digital Federal Credit Union)? I have a $3K limit DCU Visa card for the past 2+ years I never asked for a CLI on that card since someone told me that it requires a hardpull and 3K is the max DCU gives for a Visa Gold Card? Is it true? Hardpull/Softpull? Does anyone have a CL > 3K on DCU Gold? Similarly what about DCU Platinum? Can someone like me(with a decent Credit score but only 4 years Credit history) get it?
I have 15K limit on the platinum card and they needed a hard pull to increase and I was denied. I almost never use the card, I just have it for no cash advance fee incase of emergency or as a BT target.
I'd ask to convert you current card into a platinum, not sure if it can be done but that would get you a good CLI and keep the history of the current card. It will almost certianly require a hard pull.
I don't know, but I think income would matter more length of credit history in getting the platinum card.
scott1961 said: In factoring our decision for a credit line increase on a personal account, your account performance and credit status will be reviewed. This request will not result in an inquiry to your credit report unless you are notified that it is required, and the decision will not have any impact on your credit history.
To request an increased line of credit, complete the form and click the "Request Credit Line Increase" button. By clicking the "Request Credit Line Increase" button, you authorize Bank of America to review your credit and employment histories and any other information in order to process this application, service your account and manage our relationship with you.
* = required
Strange indeed. Everytime I've requested a CLI online, its resulted in a SOFT inquiry on my Experian. Sometimes the CLI was declined, sometimes approved, but never a hard inquiry was reported.
My brother has had the same experience as me, although sometimes he would receive a phone call explaining why he was declined and if he would like to transfer existing CLs in order to raise the CL on the card he was requesting an increase on.
scott1961 said: jimbocobb said: Just apply for 3 or 4 new Citi personal cards and a couple business cards on the same day and enjoy all the new credit ! (OK, wait for you next AOR or whatever....Citi is very good about reallocating across most of their cards...(normally have to keep personal and business separate) Am really starting to wonder if I am missing out on not wanting to get any business cards in my next AoR. I get at least a dozen great offers a month mailed to me at my house and company. Business has been established for almost 40 years now and we have great credit rating. Just bothers me to drag my company into this, Always felt "You don't crap where you eat" But I might have to, Since my personal spending is so low I think it's going to start getting very tough to keep getting higher limits
Scott: Maybe you should open a "new business" as a Sole Proprietor (your AOR business, or whatever) on the side and use that for all your AOR Business cards, instead of using your "real business"....an idea at least.
scott1961 said: Am really starting to wonder if I am missing out on not wanting to get any business cards in my next AoR. Maybe, but don't forget that you only did a mini-AOR (10 cards if the stats thread is correct). I was approved for 24 (of 27) (lower HHI, more initial credit, similar? length credit history), and have been researching others to see how hard it can be pushed (and to lower utilization).
As for BoA, the language at the end could just mean "soft pull" and/or "internal records". But, even if it's a hard pull, who cares? Your score can take it.
I am confused about a small CLI from citi, wondering if any of you all have seen this.
I did a small AOR in January and got a citi diamond prefered MC with a 5,600 CL. I went ahead and BTed 2500 from it. The citi web page told me no CLI for 6 months, seemed fair enough. I have checked the online CLI page about 3 times since getting the card in January -- same message each time.
Low and behold, yesterday I notice that my citi CLI is now $7,200 (an increase of $1,600). I didn't ask for it, have not been to the CLI web page in more than a week. Don't get me wrong, I am grateful, but this seems strange. Has this happened to anyone else?
Forgot to mention: The CLI shows on my True Credit report, but there was no hard pull from citi in the past month.
I currently have 6 CCS and have CLs > 15K on 4 of them (the remaining are $8500 on a student card and $3000 on DCU Gold). My credit score is around 700-710 and have 4 and half years of credit history.
Now coming to my question: I recently applied for Chase Platinum Mastercard (hoping to make the most of its 12 month 0% APR). I got a CL of $800 (Its a shock for me) I called up Chase and told them that i was looking at a BL of around 10K (and that I would do a BT if I got it) I even tried to play the trick "increase my limit or i may not need this card" ....but it dint work now I have to live with this 800$ limit card. I looked into my credit report and nothing was wrong i seriously dont know what the reason could be
anyone with similar experiences? any help/sugeestions/next actions are appreciated in advance
BobbyRobert said: I am confused about a small CLI from citi, wondering if any of you all have seen this.
I did a small AOR in January and got a citi diamond prefered MC with a 5,600 CL. I went ahead and BTed 2500 from it. The citi web page told me no CLI for 6 months, seemed fair enough. I have checked the online CLI page about 3 times since getting the card in January -- same message each time.
Low and behold, yesterday I notice that my citi CLI is now $7,200 (an increase of $1,600). I didn't ask for it, have not been to the CLI web page in more than a week. Don't get me wrong, I am grateful, but this seems strange. Has this happened to anyone else?
Forgot to mention: The CLI shows on my True Credit report, but there was no hard pull from citi in the past month.
As far as I know Citi does a auto-CLI sometimes based on the payment history etc you have with Citi.
asarat said: I currently have 6 CCS and have CLs > 15K on 4 of them (the remaining are $8500 on a student card and $3000 on DCU Gold). My credit score is around 700-710 and have 4 and half years of credit history.
Now coming to my question: I recently applied for Chase Platinum Mastercard (hoping to make the most of its 12 month 0% APR). I got a CL of $800 (Its a shock for me) I called up Chase and told them that i was looking at a BL of around 10K (and that I would do a BT if I got it) I even tried to play the trick "increase my limit or i may not need this card" ....but it dint work now I have to live with this 800$ limit card. I looked into my credit report and nothing was wrong i seriously dont know what the reason could be
anyone with similar experiences? any help/sugeestions/next actions are appreciated in advance
Do any of these other cards belong to Chase? It may be you reached a limit with them for the time being. When I opened my Cash Plus card last year, I got 8k new. A little low, but not bad (I had an existing 8.5k card with them). About a month later, I opened a Reward Plus card (worried I may need to larger Cash Back limit). This time, they moved over 1k and made that my CL b/c they were worried that I just got a CL increase and already had a $500 balance on it. I think the analyst got a little spooked by another credit request a month later and thought I might be going into a bad situation.
Just recently, I got a CL increase with nary a problem from Chase after speaking with an analyst. She did not have any such worry and give me a $4k increase with no problem.
I've seen that happen to friends of mine with their 1st chase cards. You just wait for a while and ask for CLI...most of them got auto-CLI after about 6 months of regular usage and PIF.
So my Chase limits are 1/3rd to 1/4th of my FIA, Discover, Citi limits. Other than tacking on a hard pull CLI request at the end of my next AoR, are there any solutions? I've never gotten an unrequested increase from Chase and I've had the cards for several years.
TheWalL said: asarat said: Nope. My first card with Chase.
I've seen that happen to friends of mine with their 1st chase cards. You just wait for a while and ask for CLI...most of them got auto-CLI after about 6 months of regular usage and PIF.
Okay...Thanks for the advice. So I understand that its not just me but thats the way Chase works...!!!
But isnt it a negative point to have a CC with such low CL. Doesnt it have a negative impact over the average CL per card? Is this seen as a bad thing by the lenders in future (in case I dont get a CLI in the next 6 months) ?
Citi MTVu Visa I've had for a year: Congratulations! Your credit line can be immediately increased by 1,500.00 for a total new credit line of 5,500.00. During the evaluation process, a credit bureau report was not pulled.
I just observed that now if you want to get a CLI on your BOFA CC, you dont need to enter the amount to which you want to request. YOu can leave it blank and it would automatically be increased to whatever is the maximum.
My CL on my 2 BofA CCS is incrested from 8K and 10K to 10K and 15K respectively.
ScootyPuffSr said: So my Chase limits are 1/3rd to 1/4th of my FIA, Discover, Citi limits. Other than tacking on a hard pull CLI request at the end of my next AoR, are there any solutions? I've never gotten an unrequested increase from Chase and I've had the cards for several years.
I have the same problem with Chase. i've had one card with them for 2 years now- initial CL of 10k, and STILL 10k. first it was that i have to wait x # of months, now it's- sorry, but based on your credit report... blah blah. there is nothing wrong with my credit report.
so... did an AOR yesterday. applied for their Priority Club card. instant approval. $1,000 limit! unbelievable.
i am going to call and talk to a credit analyst tomorrow and attempt to find out what the deal is. i will not threaten to cancel though, as the card gives 30,000 points with 1st purchase. if nothing else, i'll kill the 10k card off by consolidating it into the new one, take my 6 months of BT $ and move on. who in the world is going to carry around a card with a $1,000 limit. fyi: i charge about $1,000/mo on the older card (UAL miles) and pay it to zero every month.
Tried a chase CLI via the web site (for my Amazon.com Visa ~ 1 year old). Got denied and called the number on the letter. Realized via discussion with the CSR that I left a zero off my HHI. She had me on hold for a minute and approved my CLI request from $10K to $18K. FUSA hard pull shows on Equifax. Just posting my experience in case its useful for anyone. Good luck!
just did a cli for my BOA chrysler financial rewards card took it from 17.5 to 25k. It was originally opened with a 12.5k limit then auto increased to 17.5.
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