Wells Fargo have entered into the holiday spirit I think. I noticed on my statement this morning that the credit line had increased from $10k to $12K - I haven't been able to get this increased in 3 years. Called up and asked the nice lady if anything else was available - upped to $15k without pulling a search. She also checked the interest rate and reduced this from 11.9 to 1.9% over prime. They carry periodic account reviews with TU which for reasons unknow always shows about 50 points lower than EQ or EX - normally in the mid 600's.
Out of curiosity, how much did you owe at the time on your card? I was wondering if they just look at the good paying history or the percentage your currently owe them.
I would like to increase my Wells Fargo card which has a limit of $5K. Wells Fargo told me that they look at the number of open accounts and your balances. Apparently, your outstanding credit limits is a factor. I have thought about closing some unused accounts. My credit card is only 6 months old and I have no information regarding automatic credit line increases.
There was a balance of $231 - previously when the balance was high (and I wanted extra credit) they would not do anything
