I've got a few cards that I would like to begin using to build CLs. I have a BLUE, BofA Plat, GM Card, and Disney Visa. Which of these companies are most likely to raise the CL with a payment habit of charging about 2K monthly and paying off in full every month. I'm not even going to ask about Citi as I've been told they want to see a balance left. Thanks!
I don't know what bank puts out all of those cards, but I have found both Citi and FirstUSA to be more generous than B of A.
Citibank upped my $1K Platinum Select to $1700 earlier in the month (after only six months, and it's pretty much been a BT-sockdrawer card)
Citi just raised my limit 1800 to 18,000. I had a 0 balance, but at 6.9% for a year I will use about 17,000 soon. www.creditsense.com
I have Citibank, MBNA, Chase. All have $25k limits. Citibank is very accommodating with increases. MBNA is generous with increases also. I established the cl before I activated the card. Chase is the biggest collection of knuckleheads I have ever witnessed. You'd have thought I was asking to fly the plane. Chewed my way through 5 supervisor reps before I finally reached the cockpit. ;-) I'm going to add BOA to my collection next since I understand they're fairly generous also. And since BOA will base my initial cl on exisiting clmts with other banks, I'm going to ask for a 50k initial cl. Cheers!
Credit, will, blackie, etc..... Are you guys using them a lot every month and paying them off every month or what? Obviously a 10x cl increase for credit is impressive. Blackie, do tell us your secrets!!
amy I would transfer balances to it carry a balance for a couple months pay it off and transfer more to it always within 1000 or 2000 of credit limit called r after 6 months and after 9 months....
Re: Re: Best Cards for Limit Increases Well that was my plan sorta. I bt'd 50% of my cl to chase and mbna at 0% and I was going to pay them like 1k a mo and pay off in 2-3 mos. I only went over 50% b/c of the bt fee. Well after what marci said, I was a little scared they won't raise me like they do her (mbna). Where did you start and where did you end up now? (I know you have 39k+ now on chase with 3 lines....what was your game plan with them?) And you like mbna.....soooo what did you do with them? BT a lot and pay off fast?
Re: Re: Best Cards for Limit Increases My best card for increases has been BLUE. Started in 2000 with a 5k limit and am now up to 30k.
We use all our cards the same way, both business and personal. We borrow when a teaser rate is offered, we borrow within 500-1000 of the limit, we make 10% of the balance payments, until a month before the teaser expires and then pay in full. It works for more teasers and higher limits, it is what our business model is based on. wwww.creditsense.com
BofA can give you increase without pulling any credit report. BankOne always pull credit report for limit increase and GM Card didn't like to increase limit increase. It is tough for Household Bank giving you any increase. Citi will give auto increase every 3 to 4 months without pulling credit report. MBNA will give increase every 2 to 3 months in my case without asking. Ron.
