Home Depot CL Increase - Credit Repair Forum from Creditnet
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  1. #1
    Join Date
    Mar 2001
    Posts
    1,878

    Home Depot CL Increase

    Someone asked about Home Depot in another thread which reminded me to call in to ask about a limit increase.

    I was at $7,500... asked the automated system for $2,500 more. It sent me to a person. I asked for the same $2,500 and they told me they could do $3,000 for a new CL of $10,500. To go from ~$1,200 to $10,500 in just under a year is pretty sweet!

    For what it's worth, usage and payment patterns seem to be a big help. I have a Lowes account (they use the same lender as Home Depot) but I have never used it. I called them the other day to ask for a limit increase and was declined. I guess it's time to start doing some shopping at Lowes!

  2.  
  3. #2
    Join Date
    Jan 2003
    Posts
    264

    Home Depot CL Increase

    You luck bag!!!

    I soooooo bad want a HD card but BK (2001)....

  4. #3
    Join Date
    Sep 2002
    Posts
    546

    Re: Home Depot CL Increase

    Originally posted by DaveLV
    Someone asked about Home Depot in another thread which reminded me to call in to ask about a limit increase.

    I was at $7,500... asked the automated system for $2,500 more. It sent me to a person. I asked for the same $2,500 and they told me they could do $3,000 for a new CL of $10,500. To go from ~$1,200 to $10,500 in just under a year is pretty sweet!

    For what it's worth, usage and payment patterns seem to be a big help. I have a Lowes account (they use the same lender as Home Depot) but I have never used it. I called them the other day to ask for a limit increase and was declined. I guess it's time to start doing some shopping at Lowes!

    Hey Sound Great!!! I also have a Home Depot Card, They gave me an automatic Increase this month, Do I have to wait six months to ask for another increase, or can I just call and ask for another increase today??? Reason is, I called Circuit City and they gave me an automatic increase and I called to ask for more and they said they just gave me one the past month and I had to wait six months. =)

    I been a Home Depot Card Holder Since August 2002.
    _____________________________

    /////PROUD MEMBER OF THE TRANS UNION 700 CLUB/////

    ====ALSO PROUD MEMBER OF THE EXPERIAN "REMAINS" "VERIFIED" CLUB====

    ~~Never made it to the Trans Union "FRIVOLOUS" CLUB =( GUESS THEY DON'T WANT ME~~

  5. #4
    Join Date
    Dec 2002
    Posts
    53

    Re: Home Depot CL Increase

    Has anyone gotten a better "go to" interest rate for the HD card?

    It is hard to justify carrying a balance on it when the rate is so high.

  6. #5
    Join Date
    Dec 2002
    Posts
    929

    Re: Home Depot CL Increase

    Hubby and I each have own hd cards. HD will not give him cl increase. His eq is perfect, we pay it off every other month...utilization ranges between 20 and 50 %. Still, no go. Not sure why. His limit is stuck at 500!


    I would be dangerous with a 12k cl at hd.
    Nik
    "It's all about the paper trail"

    EQ 549 05/02 -> 728 06/03
    TU 545 05/02 -> 619 02/03
    TU 627 02/03 FACO
    EX 633

  7. #6
    Join Date
    Mar 2000
    Posts
    2,729

    Re: Home Depot CL Increase

    I just called Home Depot Customer Service to increase my Home Depot Card credit limit. I told him I need extra $2500 credit to repair my house. He put me on hold for a couple of mintues.He said "Good News!!!! Your account has been increased to $11.300 effective immediately." They increased my Home Depot Card from $8800 to $11,300. By the way, they lowered my purchase rate to 9.9% fixed three yrs ago.


    Ron.

  8. #7
    Join Date
    Mar 2001
    Posts
    1,878

    Re: Home Depot CL Increase

    I never thought of asking for a lower APR on this card. I figured most retail cards are stuck where they are. I'll have to do that tomorrow.

  9. #8
    Join Date
    Jun 2002
    Posts
    1,237

    Re: Home Depot CL Increase

    Whenever I call they tell me they will pull a hard inquiry. I tried it a month ago and they turned me down flat. Granted, I have only had the card since mid oct but I use it alot and pay the dang thing off. I think I have a $33 balance left now but I am stuck at $300 which barely qualifies me for their 0% offers.
    adios

  10. #9
    Join Date
    May 2002
    Posts
    175

    Re: Home Depot CL Increase

    the best way for the $300 no interest 6 month deal is to buy $300 of HD gift cards. I am finishing our basement and have had a lot of $50-100 purchases. This way I get the no interest but can still make the smaller purchses as needed.

  11. #10
    Join Date
    Mar 2001
    Posts
    1,878

    Re: Home Depot CL Increase

    An interesting followup to this:

    I pulled Equifax today and noticed that on Monday when I called and asked for a Lowes increase, Monogram pulled an "AR" inquiry on Equifax on-the-spot. My EQ score is 698 and they declined the increase.

    When I asked for the Home Depot increase yesterday, Monogram pulled ANOTHER AR inquiry on Equifax. This time -- same report mind you -- I was approved for a $3,000 increase.

    Weird. Usage and payment really do make all the difference.

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