Report Your "Credit limit Increases" Here!

[Eldarwen]

Congrats! Did you request the increase or was it automatic? I am interested to see how automatic CLI's work after the CARD Act passed. I would assume that they can factor in the income originally reported on our applications...

It was an automatic CLI. I don't know if they take into consideration income.

[ColoNative]

It was an automatic CLI. I don't know if they take into consideration income.

Good to know. I still don't know all the details to CARD ACT but I thought going forward income had to be considered but maybe that is just to open the account. This is great news then, I thought the days of auto CLI's were over but apparently they aren't!

[Eldarwen]

Good to know. I still don't know all the details to CARD ACT but I thought going forward income had to be considered but maybe that is just to open the account. This is great news then, I thought the days of auto CLI's were over but apparently they aren't!

I think with the days of credit card issuer handing out credit cards and increases like candy are over. I think that we are going to see a lot of issuers handing out fewer cards, smaller limits, higher APR's, and seeing smaller credit line increased and those will be far and few.

[kdb030609]

I think with the days of credit card issuer handing out credit cards and increases like candy are over. I think that we are going to see a lot of issuers handing out fewer cards, smaller limits, higher APR's, and seeing smaller credit line increased and those will be far and few.

You know I've wondered about CLI and CL as well. It seems as though people are still getting CLI's. The banks have changed some. It seems people in the credit rebuilding process are the ones most affected by the new laws. The prime banks seem to be steady. With their credit limit increases and new credit cards with good starting limits. It seems as though everyone on FG has reported CLI's and new accounts.

[kdb030609]

Well I got a CLI on my Dillards card . I've had it just over a year . Started at $500 then went to $600 then $850 & now at $1100 .

[ColoNative]

Well I got a CLI on my Dillards card . I've had it just over a year . Started at $500 then went to $600 then $850 & now at $1100 .

Congrats! GEMB is showing some love it seems. Also, per previous notes: good to see that automatic increases are still being done.

[belle]

What are the banks' basis on giving automatic increases, any ideas?

[Meya]

Way to go! Keep up the good work

[hanna]

Are the automatic CLIs only applied on old cardholders?

[KMoney]

Way to go! Keep up the good work

Hay Meya, love the new profile pic. You go girl!

[kdb030609]

Are the automatic CLIs only applied on old cardholders?

Yes the automatic CLI's are on existing accounts.

[krave]

Checked my account with Capital One online last week...

Credit Steps program finally kicked in.

Original Credit Line: $1,000

Current Credit Line: $1,500

By the way, I have the Capital One Standard Platinum.

[Wanderer]

Checked my account with Capital One online last week...

Credit Steps program finally kicked in.

Original Credit Line: $1,000

Current Credit Line: $1,500

By the way, I have the Capital One Standard Platinum.

Cool! Glad to see you get rewarded!

[eugene66]

Called in to Chase today for a cli and got 500, not much but hey it's Chase lol

[Eldarwen]

Called in to Chase today for a cli and got 500, not much but hey it's Chase lol

Isn't Chase a bank that pulls a hard inquire on your credit report to get a CLI? I think that they still do that.