When should you ask for credit limit increases?

  • Posts: 62

Replied by krave on topic Re: When should you ask for credit limit increases?

Try it after four months of payments because thats the threshold for cli's on the Walmart card.


Thanks for the tip eugene. =) I'll hit the Luv button again maybe sometime at the end of this month or next month...:white-flag:
11 years 2 months ago #31
  • Posts: 359

Replied by eugene66 on topic Re: When should you ask for credit limit increases?

I hit the Luv button on my Walmart CC last month, got a message that they couldn't give an increase at this time and I will be receiving a letter stating the reason why.

Got the letter last week and this is what they said


Try it after four months of payments because thats the threshold for cli's on the Walmart card.
11 years 2 months ago #32
  • Posts: 62

Replied by krave on topic Re: When should you ask for credit limit increases?

I hit the Luv button on my Walmart CC last month, got a message that they couldn't give an increase at this time and I will be receiving a letter stating the reason why.

Got the letter last week and this is what they said:
"At this time, we are unable to approve your request due to insufficient experience at your current credit limit."

I wonder how long I should wait before I hit the Luv button again? I opened the account last January... I thought 3 months was enough... hahahaha! oh well, i better wait and be patient... :fun:
11 years 2 months ago #33
  • Posts: 4522

Replied by Meya on topic Re: When should you ask for credit limit increases?

Good question! Since there are thousands of cards out there and hundreds at FG, I would say keep a record of how often you received a cli from your creditors. I used to call them every six months or less to ask for a cli. Some give it to you and some dont. The ones who gave it up every six months are the ones you keep asking. Credit One used to offer a cli every 7th statement and Hooter's did also. They may still be offering it to some members here, but they tell me "No" because my util is too high. I stopped because I was getting to many No's and I was afraid that they might start to give me a cld instead. Credit One does not offer cli's to me anymore, I have to call in and ask for one. Here is the catch, they charge you $25 for it:worried:
11 years 2 months ago #34
  • Posts: 64

Replied by belle on topic Re: When should you ask for credit limit increases?

1. https://www.financeglobe.com/SocialNet/forum/showthread.php?t=615&highlight=file

2. From Mary Tomkins https://www.financeglobe.com/Finance/Articles/articles/110/1/Inaccurate-Credit-Reports---Mixed-and-Split-Files/Page1.html



Thanks for the links Meya! I have the same question with Joeyman. :embarrassed: I felt out of the loop when you guys were talking about getting your credit reports split. My head was starting to split..:laugh:
11 years 2 months ago #35
  • Posts: 64

Replied by belle on topic Re: When should you ask for credit limit increases?

I love it, I love it, I love it! Was pretty attempted to redeem my points, but I will wait until the end of the year before doing so. It feels good to have a credit card from where you bank. It feels good whipping out a card from your bank that does not have the words "Debit Card" printed in the top right hand corner. Oh, by the way, the customer service is a 5+ (according to FG CS Level Rating). I had an incident where I had a double charge on my card. I completed the from online and it was removed less than 24hrs and a customer service rep called to inform me about the issue being resolved. I felt like a star



Wow!That really is great customer service. :cool:

Also, having a credit card with where you bank makes me feel organized and efficient. I agree with you..it feels good....:cheesing:
11 years 2 months ago #36
  • Posts: 64

Replied by belle on topic Re: When should you ask for credit limit increases?

Banks are tripping these days. What it does is update the account specialist, they take a look into your past spending and credit obligations and say "Slice her, we forgot about this one"


:laugh:you're funny Meya...but how do we know which banks "grant cli every 6months or so"?
11 years 2 months ago #37
  • Posts: 4522

Replied by Meya on topic Re: When should you ask for credit limit increases?

Just an instant click is all there is. But I do have Bofa linked over to it because that is the only bank that I use to pay my bills. I feels weird paying through US Bank. I have to insert a comment every month in Excel because that is where I keep records of all my monthly bill items and it seems weird for a particular column to always have a $0 in it:laugh:
11 years 2 months ago #38
  • Posts: 534

Replied by Joeyman on topic Re: When should you ask for credit limit increases?

I love it, I love it, I love it! Was pretty attempted to redeem my points, but I will wait until the end of the year before doing so. It feels good to have a credit card from where you bank. It feels good whipping out a card from your bank that does not have the words "Debit Card" printed in the top right hand corner. Oh, by the way, the customer service is a 5+ (according to FG CS Level Rating). I had an incident where I had a double charge on my card. I completed the from online and it was removed less than 24hrs and a customer service rep called to inform me about the issue being resolved. I felt like a star


Haha nice! I like having a card with my bank too, it's instant payments. :D!
11 years 2 months ago #39
  • Posts: 4522

Replied by Meya on topic Re: When should you ask for credit limit increases?

I love it, I love it, I love it! Was pretty attempted to redeem my points, but I will wait until the end of the year before doing so. It feels good to have a credit card from where you bank. It feels good whipping out a card from your bank that does not have the words "Debit Card" printed in the top right hand corner. Oh, by the way, the customer service is a 5+ (according to FG CS Level Rating). I had an incident where I had a double charge on my card. I completed the from online and it was removed less than 24hrs and a customer service rep called to inform me about the issue being resolved. I felt like a star :laugh:
:cc: :bank:
11 years 2 months ago #40
  • Posts: 534

Replied by Joeyman on topic Re: When should you ask for credit limit increases?

Banks are tripping these days. What it does is update the account specialist, they take a look into your past spending and credit obligations and say "Slice her, we forgot about this one"


How is your US Bank card working out?
11 years 2 months ago #41
  • Posts: 4522

Replied by Meya on topic Re: When should you ask for credit limit increases?

Banks are tripping these days. What it does is update the account specialist, they take a look into your past spending and credit obligations and say "Slice her, we forgot about this one"!:laugh:

Seriously, I will just leave it alone and let them do it by themselves. Some banks that use to not charge fees are adding them when you ask for a cli, and some are still free. During these difficult times with credit and cards, i will not take my chances with certain banks. I usually pick and nick with the ones who usually grant cli every 6 months or so.
11 years 2 months ago #42
  • Posts: 65

Replied by julienne on topic Re: When should you ask for credit limit increases?

A lot of people have asked for increases and ended with their lines decreased or account closed


oh, I thought asking for a credit limit increase just comes with a fee. I never thought it can decrease your CL or even get your account closed.
11 years 2 months ago #43
  • Posts: 534

Replied by Joeyman on topic Re: When should you ask for credit limit increases?

O.O
11 years 3 months ago #44
  • Posts: 3479

Replied by hjm331 on topic Re: When should you ask for credit limit increases?

You're it! :laugh:
11 years 3 months ago #45