Jul 19 in General discussion
Soft pool credit line increase credit cards
CHASE:
- As of Feb 2023, Chase allows soft pull credit limit increases (CLI) on both personal and business cards.
- CLI opportunities are available in-app and over the phone.
NAVY FEDERAL:
- Navy Federal allows up to $9K per CLI request, and you can request one every 91 days.
- Soft pull CLI is only available via in-app request for personal cards.
- If you call for personal cards, you will get a hard pull. However, there have been cases where two cards were approved for an $8K CLI in a single day from a client.
AMEX:
- All CLI attempts with Amex should be soft pulls unless otherwise prompted.
- The Amex 3X rule is popular, where you can ask for up to 3 times your current limit and possibly receive an instant approval.
- To maximize CLI chances, spend on the card for 91 days, then pay it off and ask for CLI.
- Mark your calendar for 181 days after the date of the first CLI and ask for a second increase on that date.
Wells Fargo:
- Wells Fargo allows soft pull CLI on the personal side.
- BILT also allows soft pull CLI every 91 days.
APPLE CARD:
- When you first get the Apple Card, do 20 small transactions within the first week to potentially trigger an auto CLI.
- The CLI timeframe for Apple Card used to be 91 days, but there are mixed reports saying it may have changed to 181 days.
- CLI requests are still soft pulls.
- Some users have reported going from $6.5K to $15K to $25K CLI using this strategy.
- This strategy may work for GM cards as well.
CAPITAL ONE:
- Capital One is conservative with CLI requests.
- They allow soft pull CLI, but require 180 days in between requests to avoid being considered "too frequent."
DISCOVER:
- Discover allows soft pull CLI, even as frequent as every 31 days.
- It is recommended to wait for at least 91 days between CLI requests to avoid potential financial review.
Bank of America:
- Bank of America allows soft pull CLI on the personal side.
CITIBANK:
- Citibank allows both soft and hard pull CLI.
- It is best to request CLI in-app and ensure there is no language about requiring a hard pull.
- Here is an article explaining how to do a soft pull CLI with Citibank in-app: [provide link]
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Soft pool credit line increase credit cards
skool.com/conecto-de-credito-1071
Financial literacy, How to repair your own credit
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