Credit Card Credit Line Increase Request Causes Hard Pull on FICO?

Guest: mouse
SENIOR MEMBER (Member for 2 yrs.+)
Post subject: Credit Card Credit Line Increase Request Causes Hard Pull on FICO?
Posted: Wed Sep 13, 2006 1:54 am

11th YEAR NO CLI

I WAS TOLD BY THE EXECUTIVE OFFICES TO NEVER ASK AGAIN FOR A NO HARD CLI

ANY FUTURE REQUESTS WILL BE IGNORED

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Guest: Bikshu
Posted: Wed Sep 13, 2006 3:32 am

OK, I apologize. I completely forgot that we do indeed do hard pulls when we receive CLI requests for people named Mouse, but only for people named Mouse...

For every other one of the millions of accounts we hold we do soft pulls on existing account CLI requests. Folks I'm not lying, I have absolutely no reason to lie about something like this. With the beautiful anonymity of the Internet, I am as free to bash my own employer (and any other bank) as everyone else here. If there is something about my bank that I dislike, you can bet that I'll voice it loud and clear (such as our remarkably cruddy rewards programs and the two-day timeframes for Internet payment posting).

Actually, I asked for and received a CLI on my own personal MBNA AmEx Rewards card fairly recently and it has never even registered with my Equifax credit monitoring service. Additionally, I very recently received my lending authority from the bank in question. Technically, according to said bank I can now call myself a credit analyst (although I admittedly still do not work in the consumer credit department). And although I don't work in the credit department, I still most certainly do increases/decreases/shifts in credit lines every day. Therefore, I am quite well aware of bank policy regarding credit line management and now pull bureaus on a fairly regular basis.

If anyone has any doubts, feel free to call MBNA's credit department. The number directly to the department is 1-866-297-4235. They are open 8:00 AM - 10 PM EST Monday through Friday and reduced hours Saturday (I think until 5 PM EST). Ask the analyst you speak with if he'll pull your credit report for a CLI (the answer will be yes). Then ask him if it will be a hard pull (he'll say no). Then just to be 100% sure ask him if the CLI request will in any way negatively impact your FICO (he'll say no).

As for Mouse's experience, without further details of his situation I will neither confirm nor deny his allegations. All I can say is his allegations run contrary to bank policy and this can be easily verified by each and every one of you with a quick phone call...

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Guest: Board Monitor
Board Monitor/ Administrator
Posted: Wed Sep 13, 2006 7:39 am

Thanks for your feedback Bikshu! Much appreciated.

Appreciate you too Mouse (as always).
_________________
Regards,
Curtis Arnold
Board Monitor
http://www.CardRatings.com
20K+ Credit Card Reviews

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Guest: mouse
SENIOR MEMBER (Member for 2 yrs.+)
Posted: Wed Sep 13, 2006 8:12 am

I GUESS I NEED TO SCAN THE LAST LETTER FROM THE EXECUTIVE OFFICES AND POST IT
HERE TO PROVE THAT I AM NOT LYING

LAST CLI WAS $500 BETWEEN 08/1995 and 09/1995

I AM ON MY 11th YEAR OF MBNA QUANTUM WITH NO CLI

"YOUR REQUEST WAS ADDRESSED AND ADDRESSED AND ADDRESSED
ANY FUTURE REQUESTS FOR A HARD FREE CREDIT LIMIT INCREASE ARE FRIVOLOUS AND WILL BE IGNORED"

(I MAY HAVE FORGOT SOME OF THE WORDS...BUT IT IS BURNED INTO MY MEMORY)

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