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Master 2021 Approvals and CLIs Thread (Post Yours!)


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This is YOUR year.  Pursue quality and do not settle!   No useless store cards, no fee sucker/subprime credit report stains (Credit One, First PREMIER, etc.), no 99% LTV mortgages with nothi

Hello y'all.   Haven't been on much since right after my husband died in 2017 & haven't done a tremendous amount of applying for anything new either. Some CLIs (13 current cards/$530,10

Newbie here. Paid off my Target MasterCard. Received a $1000 CLI from $4K to $5K. Currently waiting for some recently paid off accounts to report to EQ and TU before applying for new credit. Sent

DW scored Amex 3x cli 61 days from opening 8000 to 24k. She has thin file 760+ scores. We opened that one and chase prime Amazon visa 2 months ago. What's the Chase cli strategy? Wait for automatic cli or push the button at 6 or 12 months?

Edited by DebtFreeIn04
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4 hours ago, DebtFreeIn04 said:

DW scored Amex 3x cli 61 days from opening 8000 to 24k. She has thin file 760+ scores. We opened that one and chase prime Amazon visa 2 months ago. What's the Chase cli strategy? Wait for automatic cli or push the button at 6 or 12 months?

It's been pulling teeth to get CLI's from Chase personally. I've always get the SUB, apply for another (3 month spacing) - call them up and then transfer the CL from the first to the second (They do this without issue, as long as personal=>personal and biz=>biz) - Rinse and repeat. You may have better luck.

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4 hours ago, scott31337 said:

It's been pulling teeth to get CLI's from Chase personally. I've always get the SUB, apply for another (3 month spacing) - call them up and then transfer the CL from the first to the second (They do this without issue, as long as personal=>personal and biz=>biz) - Rinse and repeat. You may have better luck.

 

This has been my experience, as well as many others I have read on the board.  Chase seems to be more conservative with what they give out for CLIs as compared to new accounts.  The only downside to this method is that you'll have a new account on your reports, which can cause issues with further approvals (lower AAoA plus some lenders like Chase and Wells will deny for too many new accounts in a certain period)

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On 6/9/2021 at 7:27 AM, nemo said:

Approved for Chase Amazon Visa Signature (not Prime), $9300.

 

A few days ago, I had applied while checking out at Amazon.com.  They gave me the 30-day message.  At this point in my credit journey, I only want a new card if they really want me as a customer, so I made a conscious decision not to recon and just let it fail.  All of a sudden, today I got an e-mail stating I was approved with a CL of $5k.  When I logged in, it was actually $9.3k.

 

This is my second Chase card.  Total exposure:  $29300.

 

 

After less than two billing periods of usage that was substantial but certainly not heavy (less than $2k over the two billing periods), Chase auto-CLI'd my Amazon Visa Signature to $25k.  That's nice of them.

 

Before this card, they had been quite stingy with me, especially with CLIs.  Maybe they like people's second card with them better, or maybe they like the fact that my BK fell off my reports before applying for this card.  It could be that they are also getting more generous.

Edited by nemo
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First CLI I've received without requesting one. Well that's not exacting true. I did get one years ago on a subprime secured card. Anyway, Received an email from Amex that my Everyday Card credit limit was auto increased by $1500. This is a card I plan on closing and had transferred all but $1K to my new Blue Cash Preferred. 

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6 hours ago, StarkRaven$ said:

First CLI I've received without requesting one. Well that's not exacting true. I did get one years ago on a subprime secured card. Anyway, Received an email from Amex that my Everyday Card credit limit was auto increased by $1500. This is a card I plan on closing and had transferred all but $1K to my new Blue Cash Preferred. 

 

More credit is delicious, especially you didn't order it. :)  Congrats.  

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Applied for a BoA card about a year and a half ago. Started with a disappointing $6k limit and earlier this year they bumped it up to $8k and then a month later to $12k. First unsolicited credit limit increase I've ever gotten (probably because the CLI button never showed up on my account... I always use those)

 

I just noticed 0% ends tomorrow so I logged in to pay the account down to $0 balance. Then I noticed a tiny Credit Limit Increase link finally appeared. Asked for $20k and was approved for the full amount. Should have asked for more but I'll try again next time it shows up. Highest balance I've had on this account was about $900, only use it for the 3% online shopping.

 

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Someone want to talk me down from the ledge?  🙃

 

Ordering a $600 powder room vanity/mirror from Lowes (marked down from $1000!  oh boy! like it was worth a grand to begin with ...)  They're holding out their store card with a 20% discount (up to $100) on my purchase today.

 

This will be my 4th new account within 6 mo.  I opened a Best Buy last mo for the sake of a $120 discount.  I expect to refinance in 2 to 3 months, but don't see any reason this new account would drop my mortgage scores below 760.

 

Never would have considered have considered opening this account so close to a mortgage before; but the "uncertain days of COVID" seem to have warped my perspective ("it's $100 into my pocket!")

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7 hours ago, hdporter said:

Someone want to talk me down from the ledge?  🙃

 

 

Took a brief catnap and stepped away from the "ledge" upon waking.  That $100 card bonus isn't going anywhere.

 

Worries me when a reasonably rational person such as myself can get hyped by a credit card "preapproval" come-on.  What's a mere mortal to do???  :dntknw:

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To play devils advocate isn't the impact on mortgage FICO mostly from "age of new account" So if you opened an account last month impact for another today will be very minor.

 

I think better way to think of it is the value of a new account. You can easily get $200+ bonus on plenty of non-store cards, and that's just low hanging fruit from places like BoA, Chase, WF, etc on the average to mid tier cards. If I am reading the Lowes offer correctly it says "Max discount is $100 with this offer" so it really does seem like a turd unless you very frequently shop at lowes or have a large project where you can get the 5% and you don't want to open a bunch of new cards to earn that way.

Edited by chrishillson
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6 hours ago, chrishillson said:

To play devils advocate isn't the impact on mortgage FICO mostly from "age of new account" So if you opened an account last month impact for another today will be very minor.

 

I think better way to think of it is the value of a new account. You can easily get $200+ bonus on plenty of non-store cards, and that's just low hanging fruit from places like BoA, Chase, WF, etc on the average to mid tier cards. If I am reading the Lowes offer correctly it says "Max discount is $100 with this offer" so it really does seem like a turd unless you very frequently shop at lowes or have a large project where you can get the 5% and you don't want to open a bunch of new cards to earn that way.

 

All very reasonably put forward!  The driving force that dissuaded me from applying is that I'm confident I'll make another Lowes $500+ purchase sometime in the next 5 years and can reap a new card bonus then.  No opportunity cost from a deferral.  Simple as that.

 

As it is, I put the $800 charge on my new Citi Premier, which has a $4000 purchase threshold to earn a SUB that will exchange for 80,000 Aadvantage Miles (I value at $1120).  I'm good.

 

Thanks for the input ;)

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Chase has been bugging me about being approved for a Sapphire Preferred with 100k point bonus (old news I know), might as well go for it before the offer goes away. Instantly approved for $17k and change.

 

100k points far outweighs whatever desire I had to not apply for anything new for 1-2 years and see if I can get into the 830+ zone, what's the point of a credit score if you're not going to use it.

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On 8/15/2021 at 3:21 PM, hdporter said:

The driving force that dissuaded me from applying [for a Lowe's card] is that I'm confident I'll make another Lowes $500+ purchase sometime in the next 5 years and can reap a new card bonus then.  No opportunity cost from a deferral. 

Amex came out with a Lowe's card that gives you a $100 bonus even before you buy anything, gives you 5% cash back for the first six months, then 2% cashback thereafter, plus a 5% discount at point of purchase on every purchase.  So cash back + discount comes out to 9.75% for 6 months, then 6.9% ongoing.  https://www.americanexpress.com/us/credit-cards/business/business-credit-cards/lowes-credit-cards/

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Got a few approvals for my husband this week! He doesn’t really care about this kind of stuff, so I end up doing it for him.

 

Anyway, he is still rebuilding. He has 6 charge-off reporting from 2017, with 3 settled and 3 unpaid. His scores recently went up after I paid down a lot of my balances because he’s an AU on a few of my cards. His score is 623 on EX, but DCU has his EQ score at 673. Different score versions and different info reporting.

 

Anyway, he was offered an Ollo Rewards + MC for nurses through his Experian account online. I hadn’t seen this card anywhere and I am unsure how they knew he was a nurse. It gives 2% cash back on everything, similar to the Double Cash. He was instantly approved for $2k and with a 0% offer for 12 months.

 

After that, I figured it was time for him to try his luck at AmEx. The Delta Gold was the obvious choice considering his profile and we can always use more Delta miles. We tried applying with a frozen EX, but they would not pull another bureau. We unfroze EX, called in, and he was instantly approved for $1k! And 70,000 miles are coming our way.

 

Lastly, I had been wanting to add a BofA card to our stable. I’m blacklisted by them for now, so I thought my husband might have a chance instead. The customized cash makes a lot of sense for our spending (especially 2% at Costco), so we applied for the secured version for him. He was also instantly approved!

 

He’s got some fantastic cards now to add to his rebuild. His current ones are Cap1 Savor One ($1,200), Target ($1,200), BB&T ($2,500), Upgrade Card ($4,000), and Cap1 Quicksilver ($750). In about 2 years, the remaining COs will be falling off both of our profiles, so we should both be pretty set in terms of having great history/scores at that point.

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