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Showing results for tags 'Counteroffer'.
So, I decided to try for a CLI on my NFCU Visa Platinum last week and was a little shy about asking for much so I just asked for a CLI from $13k to $15k. I clicked on the Increase My Credit Limit link inside my Visa account details screen, input my info in the the first screen, put how much I wanted and hit the submit button. It came back instant approval, so I was like GREAT! That's the first CLI I've received from them on the card I've had since 2008. After I did that I was searching the interwebs about CLI from NFCU since I couldn't find specifics on the forum here. I found a master thread on the MyFico forums, and their theory is that you can click on the link, fill in the info and if it immediately comes back with an approval or a counteroffer, then it's a soft pull. If it takes you to a second screen where you have to submit it's most likely going to be a hard pull. Their theory is that you should always ask for $25k at first and if you are already pre-approved for an amount between what you currently have and $25k it will counteroffer with that amount or give you the full $25k with a soft pull. If you ask for anything beyond $25k it will go for manual review, i.e. hard pull. Others on that thread have been successful in their CLI's with a soft using this method. If you don't get an instant approval or counteroffer after the first screen, you can cancel your request and no hard is pulled. Anyone tried this here? *Side Note* - This is only for credit cards through NFCU, the Navcheck is apparently always a hard pull.