Credit increase

[Smirk]

If i apply for a credit increase and they deny me, does that hurt my account in any way?

[ChikkyMonkey]

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...

[Avid Reader]

Ask them to do a soft pull credit check

[Smirk]

Can i ask what that does?

[ChikkyMonkey]

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

[Smirk]

thanks

[Smirk]

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)

[stevenk]

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.

[Smirk]

i dont have my card more than 6 months though

[stevenk]

Give me some more info. How much do you spend monthly? Do you pay your bill on time? What's your current limit?

[Smirk]

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

[Dan]

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, which won't affect your personal credit score) and then reallocate the credit lines between the cards.

[stevenk]

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

[Smirk]

You can apply for another AMEX (such as the Starwood business, 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"?

[Smirk]

You can apply for another AMEX (such as the Starwood business, 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?

[Dan]

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.

[Avid Reader]

I can just make up any name for my "business"?

Why not just use your own name and select "sole proprietor".

[vod768]

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???

[Dan]

Your social is required so they can know if you are creditworthy or not, your credit score wont be affected by applying/canceling.