Home Depot CL Increase - Credit Repair Forum from Creditnet
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  1. #1
    DaveLV is offline Senior Member
    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
    broncsboi is offline Senior Member
    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
    exotic is offline Senior Member
    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
    BlueRidge is offline Member
    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
    four20nik is offline Senior Member
    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
    Ron
    Ron is offline Senior Member
    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
    DaveLV is offline Senior Member
    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
    picantel is offline Senior Member
    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
    KCPaul is offline Senior Member
    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
    DaveLV is offline Senior Member
    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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