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CIO

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  1. I have been under the impression that the number is in the low- to mid-$40,000s, but I don't know why this is stuck in my brain.At some point I plan to test this. I have cards at $43k, $47k and $49.5k (and some higher than that). I'm going to have some chaos on my reports with mortgage TLs for a while, and it's pointless to start before those stabilize. Fair enough. And I'm unable to provide data points as I've skipped over the 40s altogether with these two tradelines. Next highest are both at 38k so maybe soon. Big Bear, congrats on the nice CLs you're racking up. With regard to the max credit limit where FICO stops considering its usage for revolving credit utilization and scoring, Bob Wang and I narrowed it to between $44,000.01 and $49,999.99 for FICO 04. A $44k limit was all we had to work with at the time 3+ years ago, and it was counted in utilization and scoring. $50k was not. This is discussed in some of the threads Bob Wang has on FICO scoring. I'll be testing a $47k limit this month via the PSECU FICO score, now that Discover bumped me up to that level. The FICO 08 scoring model has a much higher cutoff point. I tested it with one of my $100k credit limit cards a couple years ago, and it was still included in revolving credit utilization and scoring. I doubt either model has changed the cutoff point. Cheers.
  2. CIO

    Discover IT

    San Diego
  3. Discover IT CLI from $24k to $30k. Soft pull and instant again via the luv button. Only usage has been in the 5% categories since the last CLI. Discover has always been my lowest card limit. After $11k in CLIs this fall, they're still my lowest, but with a little company at the bottom (for now). Still, I'm impressed by the easy CLIs from them. Another Discover IT CLI, this time from $30k to $36k. Soft pull and instant via the luv button. Ran a few thousand through it during the holidays. Discover IT CLI from $36k to $41k. This CLI was not instant like before, but appeared a couple days later. Light spending - ran a few hundred through it, monthly.
  4. Discover IT CLI from $24k to $30k. Soft pull and instant again via the luv button. Only usage has been in the 5% categories since the last CLI. Discover has always been my lowest card limit. After $11k in CLIs this fall, they're still my lowest, but with a little company at the bottom (for now). Still, I'm impressed by the easy CLIs from them. Another Discover IT CLI, this time from $30k to $36k. Soft pull and instant via the luv button. Ran a few thousand through it during the holidays. So.. they just want to see spend? Is that it? Spend Spend Spend? I'm desperate to get out of the store-card limit phase. Everyone else is growing with me, but them. Mitch19, though this may sound boring and obvious, I would strongly recommend patience, monthly income appropriate usage with PIF'ing (I'd shoot for at least $200/mo), and allowing an acceptable amount of time between CLI requests. 90 days seems to work well, at the moment. If that gets you nowhere for six months, then shake it up a bit. Stop spending for a couple months, then spend in month three before asking. Let a balance report before you PIF sometimes, or let a balance report on another card before you PIF it, so it shows in Discover's monthly review of your credit (who knows if it matters to them, but it once mattered to some banks). Above all, you want to look nonchalant and routine in your requests for any type of credit. Take a look at the credit pulls database, search for Discover, and peruse the DENIALS, understand the reasons cited, and do your best to not show any of those things in your credit profile. Finally, though I know you probably aren't really "desperate" to raise the limit, remember: Never, ever, LOOK desperate. On a broader note to you and everyone, there are/were some true (and modest) gurus on this board, who can guide you via past posts about setting and reaching goals like this. Hopefully, you have a credit plan in place, detailing where you want to be in 1, 3 or 5 years. And yes, higher limits DO beget higher limits...but not in a week or a month. Sometimes it takes TWO months!
  5. CIO

    Discover IT

    San Diego
  6. Discover IT CLI from $24k to $30k. Soft pull and instant again via the luv button. Only usage has been in the 5% categories since the last CLI. Discover has always been my lowest card limit. After $11k in CLIs this fall, they're still my lowest, but with a little company at the bottom (for now). Still, I'm impressed by the easy CLIs from them. Another Discover IT CLI, this time from $30k to $36k. Soft pull and instant via the luv button. Ran a few thousand through it during the holidays.
  7. CIO

    Discover IT

    San Diego
  8. Discover IT CLI from $24k to $30k. Soft pull and instant again via the luv button. Only usage has been in the 5% categories since the last CLI. Discover has always been my lowest card limit. After $11k in CLIs this fall, they're still my lowest, but with a little company at the bottom (for now). Still, I'm impressed by the easy CLIs from them.
  9. I would do another venture card but I want a no AF card long term. Maybe get the venture and PC before the AF is due the next year. Also I will probably only combine to a 30K card as I read that cards over 30K aren't included in FICO scoring. The number is higher than $30k before the balance is no longer included in the utilization calculation. I think it's in the $40,000s somewhere. That sounds right. I have 6 months to find the post . I definitely don't want to go over whatever the amount is. Why? There's something oddly satisfying about seeing a $25,000 balance report and have your scores not even blink. hmmmmmm.. that is definitely something to consider. Maybe I DO want to go over the limit. Thanks for that! From personal testing: FICO 04 - Credit limit and balance are no longer included in revolving utilization for credit limits starting somewhere between $44,000.01 and $50,000. FICO 08 - Credit limit and balance are no longer included in revolving utilization for credit limits starting somewhere above $100,000. The limit on the card I referenced (AA Exec) was around $55k at the time. I'm not disputing your results, I'm saying that the ~50% utilization was unusually high and my 08 didn't notice. It's always perfectly fine to question someone's results. BI-1 and I tested the 08 threshold about two years ago. I'd encourage anyone interested to test it and see, rather than simply take my or anyone's word for it. I think certain FICO score cards are very forgiving of a given "aberration" in our profiles, as long as everything else is in line (or exceeds the norm). Some score cards in 08 allow you to add several new accounts and inquiries with little to no impact on score. It's perfectly reasonable to assume other score cards may allow a large balance on a single revolving account with little to no impact on score. We'll never know for sure thanks to Fair Isaac's secrecy, but there's enough anecdotal evidence to suggest significant differences in scoring for a given situation. A past example that comes to mind is one well known CB member who was able to hit high 700s and eventually an 800+ FICO 04 score with a BK 7 showing on his credit. My theory is the high limits across multiple credit lines ($50k+) and $500k+ in overall revolving limits pushed their score beyond the threshold of what we would expect FICO to score with a BK showing. Everything we've come to know about FICO would say that's not possible, yet they achieved the impossible. With regard to the Capital One combining limits topic that spawned this branch discussion: Since FICO 04 is now 11+ years old and moving toward dinosaur status alongside FICO 98, there seems little point in weighing revolving calculation thresholds as a factor when combining cards.
  10. I would do another venture card but I want a no AF card long term. Maybe get the venture and PC before the AF is due the next year. Also I will probably only combine to a 30K card as I read that cards over 30K aren't included in FICO scoring. The number is higher than $30k before the balance is no longer included in the utilization calculation. I think it's in the $40,000s somewhere. That sounds right. I have 6 months to find the post . I definitely don't want to go over whatever the amount is. Why? There's something oddly satisfying about seeing a $25,000 balance report and have your scores not even blink. hmmmmmm.. that is definitely something to consider. Maybe I DO want to go over the limit. Thanks for that! From personal testing: FICO 04 - Credit limit and balance are no longer included in revolving utilization for credit limits starting somewhere between $44,000.01 and $50,000. FICO 08 - Credit limit and balance are no longer included in revolving utilization for credit limits starting somewhere above $100,000.
  11. Just showed up the past couple days. Nice to get a free EX FICO 08 score.
  12. Discover More CLI from $19k to $24k ~ 2 weeks ago. Soft pull and instant via the luv button. Light usage and had been at $19k for about 1 year.
  13. That's an incredible jump. Yours scaled a mountain, mine fell off said mountain. I went back and checked, and when I added those accounts and saw the FICO effect, my auto loan was at about 30%. What's the age of your installment loan? My spouse hit 849 when I hit 850 for the first time on TU. I thought it was hilarious being one point shy of perfect. My laughter was not appreciated.
  14. *Apologies to the OP for veering a bit off topic.* Thanks Tyra. As you and I have both seen over the years on CB, JFCU has always been good for some, and a hot mess for others. I backed away from joining them a few years ago due to their quirkiness, but I was very tempted. Tempted as in...I had the application filled out 2x, but couldn't bring myself to ignore the little voice in my head saying "Don't do it!" and complete the process of applying. Sadly, I ignored that voice and joined Andrews FCU in 2011. Not recommended. I may ask Bob to consider testing his JFCU LOC to determine if it's treated as an installment loan under FICO 08 scoring. Since it would require letting a balance report and he probably hates the mere thought of paying interest, this may be akin to asking for a kidney. Along those lines, I'm curious about the scoring impact of a 2+ year old open installment account reporting with a zero balance, such as an unused JFCU line of credit. Would FICO 08 still score the file as having an open, active installment loan, and bestow upon said file the lenient, uber-scoring bennies I encountered, even with all those new accounts and inquiries? Or...would the bennies only come at times when there was a balance and payment required reporting for the LOC? Because, ya know, that would suck.

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