Posted 26 January 2010 - 01:10 AM
Posted 26 January 2010 - 08:21 AM
The CSR told me on activation that they don't do CLIs until the account is 6 months old. And he absolutely would not give me a CLI himself.
EDIT. just to be clear. Are you talking about the link to "change your credit limit" which is near the bottom of the links on the left hand side? When I click that it gives me the option of doing an increase or a decrease. Or do you see something else?
Edited by Stu.Padaso, 26 January 2010 - 08:23 AM.
Posted 26 January 2010 - 05:14 PM
Posted 18 February 2010 - 02:22 PM
I got antsy and checked both of mine last night and I see Amex has not reported on neither TU or EQ. Does it normally take more than 2 months?
I see HBC reported almost instantly with just my credit limit shortly after I applied and BestBuy/Chase also reported quickly. So I wonder what's up with Amex.
Oh yeah, I called Amex the other day and had them backdate me. The CSR told me they will now report this account as opened in Nov 1992 (funny, I thought it was longer than that but I didn't say anything. I'm certain I had an Amex before I was married in the spring of 1992 because I remember using my Amex to rent the tuxedos. Maybe this Nov 92 account is that 2nd card I got at one point? I don't know. Seems like a lifetime ago, it's just a blurry memory. Oh well. I'm not going to argue about adding a 17+ year credit line on my reports, thats for sure.)
Side note: Strange....TD has not updated EQ since Sept 09. They still show my old credit limit. But TU is all updated with statement balance and current credit limit, right up to a few days ago. Weird.
My score did dip a bit. I lost about 30 points across both EQ and TU, which I think is attributable to the recent hard inqs and new accounts. I will hopefully see when Amex starts reporting a 17+ year old account, with all things considered, that I should be back where I started from last November.
One more weird thing. TU is now showing a Canadian Tire Bankcard on my account. I have a CanTire card now, just received in July 09, and it's reporting fine. But this is a second one. It shows as opened in 1989, credit limit of $5.1k, closed and last updated in Nov 2007, remarks are "Account Closed/Rating Non Derogatory", along with zero late payments for the final 6+ years right up to Nov 07. This is one I should just let slide, don't you think? Having this obviously incorrect thing reporting is doing me nothing but good, right? This account was not on the hard copy I received in December. It just appeared now, for the first time. (I did have a CanTire card previous to the one I have now, but I know I opened it up in 1985/86 and closed it in 1999 when I did a consolidation loan.)
Edited by Stu.Padaso, 18 February 2010 - 02:24 PM.
Posted 25 February 2010 - 01:58 AM
I figure I might as well pull TU while I'm at it since I'm curious which of those bazillion new accts are showing up. I also want to know where I'm standing before May. I'm doing likely my last pull of 2010 in May for a Futureshop card. I want a Netbook and I'm buying a computer for my sister. I've got the funds to pay for it, but um 12 months no interest and no payments? Can we say hello short term GIC! So I've already put the money in the GIC so it'll be out in plenty of time to pay off the acct in 2011 before the 12 months is up. So yeah, I'm planning ahead! Whew!
Congrats on the backdating with Amex!
Willing to bet that if you called Canadian Tire about the acct they won't be able to find it. I probably would double check with them just to make sure the acct is actually yours and that someone else isn't losing out on a great TL. LOL I would leave it alone with the CRA though since it's a good acct! Hey, why mess with a good thing, right?
Posted 02 March 2010 - 02:33 PM
This one on TU right now is definitely not mine. Mine was opened 5 years earlier and I know for a fact I closed it in 1999. And my credit limit wasn't even near $5.1k. Mine was $500 and that was more than enough for the dashing young man I was at the time. I remember it started at $500 and remained there for the longest time, then they bumped it to $800 like 10 years later.
It's funny the things I can remember about it. I had just moved out of my Mom and Dads house and got my first apartment in the winter of 1984. I was broke all the time, living paycheque to paycheque, eating Kraft Dinner like a madman. One day I grabbed an app at the checkout when I was at CanTire to buy a longer cord for my telephone. I remember barely being able to pay for the phone cord. I went home, filled out the app, and mailed it in. I got the card a couple weeks later and bought something I really really REALLY needed - a wall clock! ahahahaha. I remember being so excited to finally be able to go out and buy a clock. The only clock I had in my entire apartment was the clock radio in my bedroom. I had to turn the TV to that local cablevue channel to see what time it was. And you know what? I still have that clock! It's in my rented storage unit, but I still have it!
Anyways, having this account on my TU report explains a lot about my score. It explains why my score was so high when my oldest account (CapOne) was not even 3 years old.
I think I'll leave it alone. What the lendors don't know won't hurt them. At least not from my point of view.
Edited by Stu.Padaso, 02 March 2010 - 02:37 PM.
Posted 29 May 2010 - 09:26 AM
I tried the CLI link a couple times in the last few weeks, but both times it told me that the account needs to be 6 months old before they will grant an increase. I knew I was getting close to the 6 month mark, it was just a matter of days now.
I tried this morning, just on a whim. I asked for $7500, figuring they would at the very least double my limit to $3k. But I was really hoping for $5k.
The response I got : Declined.
It then proceeded to list a bunch of possible reasons (too many inqs, not enough history, too much outstanding balances on other cards, etc) but it looked like a generic decline message and wasn't tailored to me personally (I'm not certain of that, but it seemed generic). If there is a reason other than too many inqs, it would be the outstanding amounts on other cards. I bought 5 applicances last month on my BMO MC for about 7 grand. We returned two of them (washer/dryer...long story) and bought another set at another store, also put on my BMO MC. So add another 3 grand. Before the first store could push the credit thru for the original washer/dryer - the BMO statement cut. CRAP! So with other purchases included about 11 grand is what was reported by BMO on a $15.5k limit. It's paid off now, but the balance is going to show on my reports until BMO cuts off again around the 9th of June.
Oh well, I'll try in another month or so and see if I get a different result. Right now it's coming out of my wallet and thrown into my nightstand. I don't need to carry this crappy card. I'm going to call them in November anyways to change it to the Gold Airmiles Amex which has no annual fee, so if they don't give me a CLI in the meantime I'll ask for one at the time. If the answer is another decline (or another insult like an additional $500 to bump my limit to $2k) then my Amex goes back into my nightstand for good. I'll dust it off every 6 months and make a 20 dollar donation to some charity or something.
Posted 02 June 2010 - 07:05 AM
I've had similar oddness lately. I called into CIBC for a limit increase on the oldest card and was told my account didn't qualify. When I went through to a rep to find out why they said it was due to items on my Equifax report! Um I received my latest EQ report 2 weeks ago and it was clean - ridiculous errors on it, but 100% clean. For some magical reason that he couldn't explain the rep said they aren't allowed to say over the phone what exactly the reason is?! Once I chill about this one I'll call in and see if I can speak with someone half intelligent to find out why exactly.
Sorry to hear the AMEX isn't working out for you afterall. I used mine for only the 2nd time just 2 weeks ago. It's handy for Costco and that's about it although it IS coming on a big trip with me since that city has a walk-in AMEX office for travellers. Ya just never know...
Posted 03 June 2010 - 10:41 AM
RE: CIBC. That's sort of bizarre too. I see by your signature you have 2 CIBC cards. Maybe you've reached the max they'll allow for your profile? Don't you work at CIBC? Or is it Scotia?
I got an invite in the mail yesterday from CIBC. It's an app for the Visa Infinite AeroGold card w/15,000 Aeroplan miles bonus. I threw it away. I know that if I applied today I'll be 1) denied, or 2) saddled with a unusable credit limit, a la Amex.
RE:walk-in Amex office...what is that? Do you go in and meet Karl Malden or something? (oops, while checking the spelling of Karl Malden I just discovered that he died last July.)
Posted 02 August 2010 - 10:06 AM
AMEX has walk-in offices worldwide for currency and traveller's cheque exchange. They'll also assist with travel issues like lost documents, flight changes, etc.
Posted 02 August 2010 - 06:47 PM
When/If I switch it to the free Amex I'll just leave it at $1.5k. Who knows when it might come in handy.
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