Can anyone comment on how CC companies are move apt to give credit limit increases? Do you - use the card a lot - have low balance/credit ratios - Pay the balance or carry over I tend to use my AMEX which I pay in full at the end of the month. 1) Citibank MC Plat Select I used to use this a lot, then stopped when I cleared the balance. I use it for $20 dollar or less items and pay it off. They still give me generous increases every Q. 2) Chase Plat Visa No one increase since I opened the account. This card is effectively in the sock drawer - I give up. I never use this card. 3) B of A Plat Visa Same as chase - the rep almost chuckled when I asked for one - like I was joking. Not one increase, and I hardly ever use this card. Anyone have any comments on how I can get Chase and B of A to give me an increase?
There are some numbers posted on the website that you can call "retention." If you provide your email address, I will email you.
fungifish@yahoo.com With chase I called retention, and got India. When I asked the lady if there were any increases that I qualified for already, she didn't check, instead pulled a hard (without my permission) I probably got the philipines with B of A. And got a dumb answer. Citibank has been the most generous, and who I am inclined to give business to.
I have found that most prime banks like to see allot of activity and large payments My experience with BofA and Chase retention has been stellar Both are at 5.99% APR and very generous CL increases. If you call Chase they will tell you if they have an auto increase available if you want more they will pull a hard I was greedy the last time so took the hard. Good Luck
That makes sense. I do use my citibank card a bit, and tend to make large payments on it. They seem to be the most generous with the CL increases. My amex charge which I use a lot and make payments in full every month approved charges that I didn't think they would. On the other hand, Chase and BofA remain largely unused, and no CL increases. Activity + Large Payments + and of course good credit = CL increase
Having just recently got prime.....I will be better able to answer in a couple months. I will tell you that Citi rewards usage based on DW's usage (me too since I am an AU) May02 --> Nov02 --> May03 --> Jul03 --> Jan04 9K 10K 14K 20K 27K To get to 27K, had to combine an old unused card at7K. Citi told DW this is it. No more increases until your income goes up Looking back, I noticed a few things 1) During the timeline above, we always revolved a balance between 2K and 7K, some months paying double the minimun and others making payments of 2-3K. Tons of usage that filled up 2 pages of mostly day to day stuff. Didn't transfer balances or anything. I've read on this board that Citi rewards usage and from our experience, usage does equal hefty increases.
Yep usage does play a large part. The trick is to rotate your cards so when it's been 4 months to a year since your last increase to be showing them you prefer their card to a competitors and more times than not they will show you the love. Note to self Start using GM Card again.
Thanks for the tip. I'll stop using the Amex and start with Chase, the one with the least amount of CL. I like the idea of a 4 month rotation
