I just finished paying off my credit card ($500.00 limit) and I'd like to somehow get it increased by LDW. Anyone know how to go about it?

keep using it and pay off the balance in full every month, then call them up a couple weeks before you go and ask them to up it....but right now times are tough and lending institutions are very skeptical to do this, so dont bank (no pun intended) on it for the vaca. its basically a trust issue

+1 I'd make all my purchases on it, and pay it off every month. If your disciplined enough to do that. If you have good credit, and they see it's no big deal for you to write a $500 check every month, you have a chance.

but right now times are tough and lending institutions are very skeptical to do this,


yes they are i was hoping to do all my spending with my cc for the vegas trip but now they have raised my intrest rate i dont think im gonna use it now :mad:

Yeah, That's what I figured. We'll see what happens.

Just make sure you pay off your balances every month in full, and in no time they'll automatically increase your balance.

You can also call them up and see if they'll do it.

In God we trust, all others pay cash!

Apply for another card a month before you go. They will see your history with the other card and as long as you have no balance they will approve you, probably for more. You can also try to take advantage of any 0% offers they have going on.

honestly,

dont be honest, call your cc company and they will ask how much you make per year. tell 250k. your a teacher right? wrong your a school district superintendant. ok? before you know it your will have 6 figures in credit. but beware that shit is dangerous. then again credit is tight these days so you may have to get more creative. a 500 dollar limit can be a blessing. then again that wont even cover bottle service :)

one time i called my cc company to cancel it because they wouldnt give me more credit and they bump it up a couple grand. But now and days they would probably say ok its cancelled

Dude just be honest about it. If you've been good with the CC just call and say you have been a good customer, and you're going on vacation. Maybe even say you're looking to raise your limit in case of emergency.

Bottom line is the only way to get it is to call and ask. If they say no, look online for good deals and apply for another card. Don't apply for a million cards all at once though. If that fails, start saving. :)

honestly,

dont be honest, call your cc company and they will ask how much you make per year. tell 250k. your a teacher right? wrong your a school district superintendant. ok? before you know it your will have 6 figures in credit. but beware that shit is dangerous. then again credit is tight these days so you may have to get more creative. a 500 dollar limit can be a blessing. then again that wont even cover bottle service :)

Hrm... Hrm... Uh... No, I can't endorse that advice. Be honest with them - about your job, situation, reasons that have shown you can handle an increase in credit allowance, etc. Bending the truth will get you in hot water down the line as credit companies have been doing more background digging on their users to get a better feel of who's an at-risk candidate and who's a solid customer [here's a really good article from the NYTimes a couple months ago on what the companies are doing: article (http://www.nytimes.com/2009/05/17/magazine/17credit-t.html?pagewanted=1&_r=1)]. Credit's tighter and will only get tighter when the other shoe drops on some of the personal debt out there that's ready to crush some people's households [and thus hurt the economy even more].

As for bumping up credit allowance, go for a couple thousand. Not saying anything about killerfanatics, but that's a huge leap and - like you said IRock - can put someone in the hole really bad... and the plastic's REALLY easy to use.

Hrm... Hrm... Uh... No, I can't endorse that advice. Be honest with them - about your job, situation, reasons that have shown you can handle an increase in credit allowance, etc. Bending the truth will get you in hot water down the line as credit companies have been doing more background digging on their users to get a better feel of who's an at-risk candidate and who's a solid customer [here's a really good article from the NYTimes a couple months ago on what the companies are doing: article (http://www.nytimes.com/2009/05/17/magazine/17credit-t.html?pagewanted=1&_r=1)]. Credit's tighter and will only get tighter when the other shoe drops on some of the personal debt out there that's ready to crush some people's households [and thus hurt the economy even more].

As for bumping up credit allowance, go for a couple thousand. Not saying anything about killerfanatics, but that's a huge leap and - like you said IRock - can put someone in the hole really bad... and the plastic's REALLY easy to use.

blah blah blah blah blah, you really think being honest with banks makes a difference? banks are all about greed and the trillion in bailouts have proven it, worse has yet to come. funny how they are enforcing tighter lending standards when 2years ago anybody with a pulse got a credit card, and a home loan on stated income. please dont be naive.

wait i need to change the blah blah blah's to bliblab bliblab babble bliblab

yeah you should always be honest with banks, i mean theyre ALWAYS honest with the public and their shareholders right? F them theyre the ones F....ing everyone they can, and the NY times, theyre a qualified bunch of douches that hold no credibility whatsoever..........Killer I say just start saving like a madman and follow the advice of Nassau and pay with cold hard cash

Killer I say just start saving like a madman and follow the advice of Nassau and pay with cold hard cash
I'm on it Boss!!!

I sometimes wish my credit card limit was only $500.

I don't want to push the controversy too far; I'll just say that much of the blame of the bank failures really starts with the federal gov't over the last 20 years. Not that many bankers were competing for sainthood.

Anyway, if your credit is good, you should call your CC company and ask for a limit increase. Absolutely be honest, for a few reasons. One, people being dishonest or short-sighted or whatever is part of how we got into such a mess. Two wrongs don't make a right and I don't care if the gov't is happy to reward failure these days, my principles still stand. :) Two, since things are tighter now, banks are more likely to verify your information to determine your credit worthiness. So the last thing you need to do is lie right before they ask for proof of income.

If they don't raise it, apply for a different card. They will run your history and if you are good, they'll probably start you off where you want to be.

I agree with yo_vanilla. While the banks may be out for themselves, if you signed up and got a $500 balance based on your past income and try saying you make $250k a year now it's not going to get you anywhere. Just call and ask, if not apply elsewhere. You'll figure something out!

Citibank has always been good to me.

Yes be honest fanatics, they are going to LOWER your credit line because simply asking for one will raise a red flag.

Yes the government is rewarding failures. The big corporate ones like aig, wells Fargo, b of a, wachovia, ford, gm , jp Morgan, and on and on. All based on sloppy loan practices. Banks are the biggest crooks in the world. They can borrow money at .25% and loan it out at 8% or 12 or 19.99%.

We need peoe like vanilla and blab blib (upper eschelon of values and morality) on both sides of the fence. Unfortuneately we don't. Pointing the finger entirely in one direction is the wrong thing to do. The blame is from the top to bottom.

Don't forget Citibank (down to about $2.69 a share right now). If the government is going to make sure that they make it through this, it's like hedging your bets. I'm buying even more shares (I just bought at a little over $3 a couple weeks ago). Instead of complaining about the banks getting money, i'm trying to find a way to take advantage myself.

be careful with that.....something is going on with them. they are acting shady lately with the mortgage side, first asia shut down their operations and then they stopped allowing correspondent lending. I deal with some of their relatively high ranking members, and I can tell you that discussions with them have been really strange lately.....and it really wouldnt shock me if the govt turned their back on them at this point cause of the public uproar over the bailouts.

Guess what the gov't is going to sacrifice a bank. They have to. It's going to get ugly. Without trillions from the fed the banks are insolvent. Is it going to be C? It very well could be. They were driven to a .99 cents a share (alot of minipulation from Goldman Sachsen) based on the so called nationalization. That false rumor and market minipulation cost hundreds of millions in retirement accounts.

yeah I am really feeling a big time shock coming very soon, and I think the markets feel it coming too. I think we saw a dead cat bounce in the market, and we are going to see a semi implosion here shortly and I think it will be citi.....you can hear the murmurs of a second stimulus and I dont think the govt will do it and I think citi will be a casualty of it....time will tell but something in my gut tells me bad shit is coming!!!

so run my citi cards sky high??????? :D

Nervous twitch? Haha

blah blah blah blah blah, you really think being honest with banks makes a difference? banks are all about greed and the trillion in bailouts have proven it, worse has yet to come. funny how they are enforcing tighter lending standards when 2years ago anybody with a pulse got a credit card, and a home loan on stated income. please dont be naive.

wait i need to change the blah blah blah's to bliblab bliblab babble bliblab

No need to be hostile - just doling out prudent advice based on the current credit climate (and that honesty is the best policy). Whether or not the banking industry did wrong should not factor into personal financial decisions, especially when one may be delving into fraud.

Lol blib sorry it's hard to express tone in a written message. Besides my original response about having him say he made 250k was really a joke. Although it will work.

Lol blib sorry it's hard to express tone in a written message. Besides my original response about having him say he made 250k was really a joke. Although it will work.

Ah, no problem - I have a hard time with underlying humor anyway online unless it comes with one of those smilies.

You guys lost me, LOL! I'm just gonna use it and pay in full. I'll call them the week before I go to vegas. See what happens.

You guys lost me, LOL! I'm just gonna use it and pay in full. I'll call them the week before I go to vegas. See what happens.

we didnt think you could follow us....you cant even order a drink without getting confused :D

Hahaha and he's teaching our children WTF? Then again it is south central , ohhhhhhhhh (jersey style)

we didnt think you could follow us....you cant even order a drink without getting confused :D
That's cold.

Hahaha and he's teaching our children WTF? Then again it is south central , ohhhhhhhhh (jersey style)

South central??? It's Downtown LA! Get your areas right!

South central??? It's Downtown LA!


Same thing :D

Nervous twitch? Haha

No, not nervous. :) I know touching any banks right now is risky.

Instead of blowing a bunch of money at the poker tables though I'm just throwing it on etrade now and seeing what I can do. I'm definitely not betting the house on anything in particular, it's more for fun.

I know in Asia Citi is selling off a lot of assets trying to raise capital to pay back their loans. They have been selling off a lot of things lately.

I think they trying to raise the money to pay back the bailout specifically so they aren't "that bank" you speak of nyc. It might be a brutal restructuring for them but I don't think they are going to go under.

That gut feeling you have is probably because I'm investing in them though, and rightfully so. It would be my luck that one of my first few forays into the investing world goes under!

I've been losing money in the market for years now lol. I just started following this one guy on Twitter. He has a bunch of algorithms fib lines crossovers yadda yadda yadda for stocks and the market in general. Let's just put it this way, following his s&p chart has allready saved me over 10k in my 401. I moved all out 3 Fridays ago on vfinx @ 87.50 now it's at 81 and some change :). Looking to get back in when the s&p is around 840 for it's next wave up. Right now the s&p is at 890ish. This guys advice and research is free. Let me know if your interested in following him on Twitter. His charts are some of the best I have seen and he's well respected among retail traders who trade for a living.

I'm interested. Give me a link

Twitter.com/tradewithmojo

Twitch

remember I mentioned the government is going to have to sacrifice a big bank?

http://online.wsj.com/article/SB124726834760725751.html

this will crush financials, put some money aside, you are going to get a great chance to pick up some banking stocks in the sub dollar range.

I would also recommend yo vanilla, bliblab and twitch after reading the article to click on the comments tab and read some of those. The negative sentent from the overall general public is getting worse and worse . This spells trouble in so many ways for banks, businesses and government.

The worse had yet to come an will be very sobering on a global scale.

On another note I'm going to Vegas in 5 days
weeeeeeeeeeeeee

Twitch

remember I mentioned the government is going to have to sacrifice a big bank?

http://online.wsj.com/article/SB124726834760725751.html

this will crush financials, put some money aside, you are going to get a great chance to pick up some banking stocks in the sub dollar range.

Awesome link! I'll be watching it the next few weeks.

Check out this video on YouTube:

http://www.youtube.com/watch?v=Y7ZN2F_7K7U

A good way to get your interest rate lowered is to call them and tell them you want to cancel your card because the interest rate is too high. Tell them a competitor has offered a much lower percentage (something like 7%) and they'll haggle with you to a lower interest rate. It's worked every time for my sister and I.

A good way to get your interest rate lowered is to call them and tell them you want to cancel your card because the interest rate is too high. Tell them a competitor has offered a much lower percentage (something like 7%) and they'll haggle with you to a lower interest rate. It's worked every time for my sister and I.

Part b of this tip: don't have a high CC balance on the card when you try this, because they'll know you're BS-ing.

Part b of this tip: don't have a high CC balance on the card when you try this, because they'll know you're BS-ing.

LOL, of course. It's best to have it paid off, you can't really cancel a card (except continued use) if you've got a balance on it.

are american banks really this anal now?

are american banks really this anal now?

Seriously anal

wait tangoplus is a chjick????????

wait tangoplus is a chjick????????

Yup! Not your type!!! haha

Yup! Not your type!!! haha

wait im not too sure bout that she says something about anal!!!!!! :D

wait im not too sure bout that she says something about anal!!!!!! :D

haha wow!!! But you do bring up a very good point!