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DansDeals Forum => Credit Cards => Topic started by: Smirk on June 18, 2008, 06:23:45 PM

Title: Credit increase
Post by: Smirk on June 18, 2008, 06:23:45 PM
If i apply for a credit increase and they deny me, does that hurt my account in any way?
Title: Re: Credit increase
Post by: ChikkyMonkey on June 19, 2008, 01:14:33 AM
It shouldn't hurt your account, the worst it can do is bring up a hard pull on your credit report which isn't the end of the world...
Title: Re: Credit increase
Post by: Avid Reader on June 19, 2008, 11:42:38 AM
Ask them to do a soft pull credit check
Title: Re: Credit increase
Post by: Smirk on June 25, 2008, 09:42:57 PM
Can i ask what that does?
Title: Re: Credit increase
Post by: ChikkyMonkey on June 26, 2008, 04:17:25 AM
it means that they won't be viewing your credit in anyway that will harm you (it won't be listed as a hard pull which temporarily can effect your credit score...) do a search on it for more info
Title: Re: Credit increase
Post by: Smirk on June 26, 2008, 09:30:31 AM
thanks
Title: Re: Credit increase
Post by: Smirk on July 02, 2008, 04:28:11 AM
does anybody know anything i can do to raise my chances of getting a credit limit increase?
(besides paying bill on time etc.... not standard things)
Title: Re: Credit increase
Post by: stevenk on July 02, 2008, 09:58:27 AM
If you are talking about Amex go online, log in to your account and they have an increase button right there. I've done it several times never got rejected.
Title: Re: Credit increase
Post by: Smirk on July 02, 2008, 10:02:19 AM
i dont have my card more than 6 months though
Title: Re: Credit increase
Post by: stevenk on July 02, 2008, 10:56:01 AM
Give me some more info. How much do you spend monthly? Do you pay your bill on time? What's your current limit?
Title: Re: Credit increase
Post by: Smirk on July 02, 2008, 12:44:16 PM
I opened my starwood card about a month ago, i have a 2k limit i have other cards from chase with 10k limit. i pay my entire bill on time every month
I already went through 3k on my starwoods
Title: Re: Credit increase
Post by: Dan on July 02, 2008, 12:45:20 PM
I opened my starwood card about a month ago, i have a 2k limit i have other cards from chase with 10k limit. i pay my entire bill on time every month
I already went through 3k on my starwoods
You can apply for another AMEX (such as the Starwood business (http://www.sunspotweb.com/aff/9CF458F1FE2F515D4AE3?97A95B2EE74788BBC03725733B039EB180486F5B11), which won't affect your personal credit score) and then reallocate the credit lines between the cards.
Title: Re: Credit increase
Post by: stevenk on July 02, 2008, 12:52:04 PM
I would sit tight for a few months and then request to increase your limit. If you're close to you limit in any given month, call AMEX they might give you exceptions to go over your limit
Title: Re: Credit increase
Post by: Smirk on July 02, 2008, 12:58:36 PM
You can apply for another AMEX (such as the Starwood business (http://www.sunspotweb.com/aff/9CF458F1FE2F515D4AE3?97A95B2EE74788BBC03725733B039EB180486F5B11), which won't affect your personal credit score) and then reallocate the credit lines between the cards.
I can just make up any name for my "business"?
Title: Re: Credit increase
Post by: Smirk on July 02, 2008, 01:00:30 PM
You can apply for another AMEX (such as the Starwood business (http://www.sunspotweb.com/aff/9CF458F1FE2F515D4AE3?97A95B2EE74788BBC03725733B039EB180486F5B11), which won't affect your personal credit score) and then reallocate the credit lines between the cards.
right now if i get a F/R im good because i didnt lie, if i do this, and write wrong info, will it screw me if i get F/R?
Title: Re: Credit increase
Post by: Dan on July 02, 2008, 01:37:02 PM
If you've ever sold an item on ebay you have a business.
You just leave the tax ID field blank, and create a business name for yourself.
This has no effect on an F/R.
Title: Re: Credit increase
Post by: Avid Reader on July 04, 2008, 04:33:14 PM
I can just make up any name for my "business"?

Why not just use your own name and select "sole proprietor".
Title: Re: Credit increase
Post by: vod768 on July 15, 2008, 09:34:30 AM
i want to apply for a business card and then cancel within a year but i'm afraid it will affect my credit b/c it requires you to put in your social???
Title: Re: Credit increase
Post by: Dan on July 15, 2008, 11:56:29 AM
Your social is required so they can know if you are creditworthy or not, your credit score wont be affected by applying/canceling.