lovebug5 Posted April 9, 2008 Report Share Posted April 9, 2008 Alright...So since I seem to be stuck in the predicament where because I'm PIF'ing every single month and not carrying a balance, I'm not being granted CLI's regularly. I'm trying to figure out a strategy here - what do you guys think?I primarily use my WaMu card for everyday purchases and I PIF my balance every single month which averages around 50% of my CL of $2,500. Otherwise, my other cards (Cap1, Hooters, Juniper, HSBC) have minimal recurring monthly charges that hit them which are also PIF'ed. Cap1 told me that if I used my card more, regardless as to whether or not I carried a balance, I'd most likely have received a CLI again. If I rotate my "everday usage" card every few months to show more regular usage, do you think that'd necessarily be better than solely using my WaMu?? Link to comment Share on other sites More sharing options...
swirlgirl Posted April 9, 2008 Report Share Posted April 9, 2008 Good post. I use my Juniper card as my "everday" card and I did get a $2K CLI without even asking. I think I'm going to switch my "everyday" card to Cap1 to see what happens. Link to comment Share on other sites More sharing options...
whocares Posted April 9, 2008 Report Share Posted April 9, 2008 I carry a less than 10% balance with WAMU and got a 500.00 CLI after 3 months...maybe that would help if they actually got a bit of interest, after all thats how they make money... Link to comment Share on other sites More sharing options...
lovebug5 Posted April 9, 2008 Author Report Share Posted April 9, 2008 Good post. I use my Juniper card as my "everday" card and I did get a $2K CLI without even asking. I think I'm going to switch my "everyday" card to Cap1 to see what happens.Interesting! How quickly did you get your Juniper CLI? I haven't gotten one on my Juniper as of yet, but I haven't used the card regularly. I carry a less than 10% balance with WAMU and got a 500.00 CLI after 3 months...maybe that would help if they actually got a bit of interest, after all thats how they make money...See, that's my issue. I understand that's how they make their money, but if I don't have to pay interest I don't really think it's smart to do so. I mean, I have the money to pay my cards off...So why would I waste money giving it to the bank? LOL. Catch 22 situation. Link to comment Share on other sites More sharing options...
Fizzle1979 Posted April 9, 2008 Report Share Posted April 9, 2008 I put $3950 on my new $4000 CL Citi card I got in 10/07 and never charged anything else to it. Last month (six month mark) they increased my limit to $5600 without doing a hard pull or me even requesting it and it's still got about $3300 on it. Link to comment Share on other sites More sharing options...
lovebug5 Posted April 9, 2008 Author Report Share Posted April 9, 2008 I put $3950 on my new $4000 CL Citi card I got in 10/07 and never charged anything else to it. Last month (six month mark) they increased my limit to $5600 without doing a hard pull or me even requesting it and it's still got about $3300 on it.That's what I'm hoping will happen with WaMu. Currently at $2,500...Charge about $1,250 each month on the card and PIF each month. Because I have 0% interest on the card anyways, I'm hoping that they'll CLI me after 6 months... Link to comment Share on other sites More sharing options...
Moneedshelp Posted April 9, 2008 Report Share Posted April 9, 2008 I'll bet you will get tons of varying responses. Because all of my "starter" cards are high interest, I generally don't carry a balance but have received CLI's not large ones but CLI's nonetheless. BTW, I don't have a prime card yet. Link to comment Share on other sites More sharing options...
isislc Posted April 10, 2008 Report Share Posted April 10, 2008 Even on my high interest cards I at least toss them a bone and leave about $100 on it then pay in full after it reports. This way it IS getting usage but not killing me on the interest. Link to comment Share on other sites More sharing options...
Focus2069 Posted April 10, 2008 Report Share Posted April 10, 2008 I carry a less than 10% balance with WAMU and got a 500.00 CLI after 3 months...maybe that would help if they actually got a bit of interest, after all thats how they make money...they still make money off each purchase...they get a small percentage of the purchase price. Granted, they make much more from consumer balances...but they make quite a pretty penny from just usage of the card as well. Link to comment Share on other sites More sharing options...
McG Posted April 10, 2008 Report Share Posted April 10, 2008 WaMu didn't give me a CLI for over 2 years despite perfect payments and PIF each month. When they finally did, they doubled it from $1500 to $3000 and a few weeks later they sent an invite in the mail for what turned out to be my highest card to date a $11k limit! CLIs are mysterious and I was getting really mad with WaMu, but they really came through for me - and my DW has had nearly the same experience - they keep upgrading her card but have yet to give her a CLI - 3 years later! Link to comment Share on other sites More sharing options...
Fizzle1979 Posted April 10, 2008 Report Share Posted April 10, 2008 I'm starting to think there is no strategy to credit limit increases. Link to comment Share on other sites More sharing options...
lovebug5 Posted April 10, 2008 Author Report Share Posted April 10, 2008 Thanks for the replies, everyone. I can't justify carrying a balance on the card and paying interest when I don't actually have to. To me, that's throwing money away - even if it's only $5.00. Link to comment Share on other sites More sharing options...
Fizzle1979 Posted April 10, 2008 Report Share Posted April 10, 2008 Thanks for the replies, everyone. I can't justify carrying a balance on the card and paying interest when I don't actually have to. To me, that's throwing money away - even if it's only $5.00.I'll agree with you on that. I *HATE* paying interest. Just KILLED me that I had to pay HSBC $8.61 for interest. Link to comment Share on other sites More sharing options...
lovebug5 Posted April 10, 2008 Author Report Share Posted April 10, 2008 I'll agree with you on that. I *HATE* paying interest. Just KILLED me that I had to pay HSBC $8.61 for interest.HAH!!! I hear you! That $8.61 could've gone to something much more worthwhile, huh?? Link to comment Share on other sites More sharing options...
Fizzle1979 Posted April 10, 2008 Report Share Posted April 10, 2008 HAH!!! I hear you! That $8.61 could've gone to something much more worthwhile, huh??Like BEER! Link to comment Share on other sites More sharing options...
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