Goodness knows how I got initial credit limit of 1600 with my then TU score, but I did. Used plenty and 5 months out of 6 PIF. Wells Fargo can be so conservative on intitial creitit limit, let alone for CLI.
Data points for breaking the barrier...I was not anywhere near 700 (659 TU) when I applied for Dillards and shocked when I was approved for the Amex version. 7th statement has not cut and got ansy to see about the "conservative lender" and did the dreaded call for CLI. Asked for 5K total. Rep Rafael was so kind, but let me know I had to call back in 15 minutes after many questions. Ok no prob.
GASP...the real deal underwriting dept calls me back with LOTS of questions not two minutes later. I am so kicking myself for ever thinking this was a good idea. Can't even blame it on drunken apping. OMG. Bob informs me of a new account ..is just reporting.. just 3 days ago with Cap for a Venture. (10K limit) Yes..I know I just got that card, he further lets me know I have many new accounts in the last several months...yes I agree again. I tell him I can't have over 10% utilization showing on any of my cards and I just can't shop at Dillards with my AMEX unless they increase me and there is a HUGE sale I need to get in on. I convince him to call me back after I unfreeze my TU. I get a lil chided as they don't call back...customer calls back in 15 minutes for decision. Convince Bob he has no idea how hard it is to get thru, can you please just call me back after your review? He finally agrees..OMG...again... what was I thinking??
Lowest ever reported score on Creditboards for Dillards Amex rings in at 3 more minutes later...many queries on income...home...etc...I finally blurt...I always usually pay off in PIF...my reporting last month on debt was zero...it actually lowered my score a great deal...he said we generally only allow 1K increments. I said I can't shop your sales at Dillards with that limit. I am sorry, that just won;t work. He said...you have great payment history and some high cards, can you settle for 4700 for a credit limit. Said I said I am so shopping that sale tomorrow. Thanks Bob, you are awesome. Rocks. Happy Skiipy..you have been sooo helpful.
Keep convincing the conservative lenders...sometimes it will pay off. Score on TU today...736..but tons of new accounts in last year and train load of inquires. Best of luck on your Dillards CLI..Never doing that again...well not until Nov. LOL.
