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How 1 Phone Call INCREASED My Credit Card Limit by 67% - YouTube
Channel: Money Growth Project
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what's up money growers jacob back here
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with another videos i'm getting
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comfortable in my chair here hoping that
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you are growing your money today and
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every day and i got something i want to
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talk about with you guys today it's
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gonna be more of a story okay it's like
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we'll call jacob's story time jacob's
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credit story here that i'm going to
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share with you guys about the easiest uh
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four thousand dollar credit limit
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increase i probably ever got in my life
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uh thinking about it so far on my credit
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journey some of the videos you guys have
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seen me talk about here were like
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certain things are like all these hacks
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and tactics and things you see all over
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the internet that are supposed to be
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super easy um you know work out great
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they don't work out so well for me this
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is one that i really did not think was
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going to work out that well for me but
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really did end up getting me a 66
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increase on my credit so that's what
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we're going to be talking about today in
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this video it's a story that might be
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helpful for a lot of you so guys go
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ahead smash the like button on this
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video hit the subscribe button on this
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channel because this channel has been
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growing
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growing
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growing lately so i'm glad you guys are
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liking the videos i share with you
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i do what i can to put out as much
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useful um information that people can
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take and you know keeping their arsenal
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when it comes to the world of finance
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particularly the world of credit and
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things like that so tools options
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available to you
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tips
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hacks tactics whatever you want to
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whatever term you want to use stuff i
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think will be very helpful to those of
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you when it comes to credit with credit
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cards and banks and credit unions and
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things like that so thank you for
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everybody who subscribed the channel so
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far thank you to those of you that are
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active down in the comments section
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helping answer other people's questions
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i appreciate it because i answer what i
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can i do what i can my time is limited
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and also i don't know everything
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shocker right i don't know everything so
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when it comes to this some of you do
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have some really good information and
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you guys are very helpful when it comes
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to the finance and comes the world of
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credit so let's go and talk about this
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um
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how i got this nice
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credit limit increase that i really was
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not even asking for i didn't even ask
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for this much of an increase it was
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given to me this all comes from i had
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the sam's club credit card i had applied
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for it initially um this was the first
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credit card i got as i was coming out of
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my dave ramsey um period if you will
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where i used to have a couple credit
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cards i let him um you know let the
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accounts close at least on one of them i
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let it close i think the other one i
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called and closed it i just didn't use
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them for a while you know i was full on
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dave ramsey pay off debt use buy cash uh
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you know use cash for everything all
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that kind of stuff don't use credit
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cards right you guys know the story um
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well when i started to get credit cards
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again
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first one i got was a sam's club because
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i shop there regularly i would get gas
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there sometimes it just depend um you
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know just
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if i'm uh there how busy the line is and
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that kind of thing so you know if i was
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somewhere else around town i would just
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go there but i got this sam's club
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credit card the big reason was because
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they gave me five percent cash back on
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gas
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um
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and then you'd also get also doubled up
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as my um membership card so it kept
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track of all my uh spending on there
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that i could redeem later in the year
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for my cash back and all that fun stuff
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so i got this card
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and it's through synchrony and i didn't
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realize that with synchrony
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this is part of what you learned right
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was that when you do a credit limit
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increase request it's a soft pull
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because they started me off the three
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thousand dollar limit nothing outlandish
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um and i had the card for about six
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months i got it in uh in november and it
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was at the end of may i did a credit
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limit increase request i think i did it
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in the chat i've done it on the chat and
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i've also done it on over the phone
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doesn't matter which one you do they're
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both soft pulls so i requested to go
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from three thousand to four thousand
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dollars i remember looking at like
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researching some information about how
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much of a limit increase should i
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request on credit cards i saw these
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these articles saying like 10
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or 20 i was like i'm just going to go
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for like 33 and go from 3 000 to 4 000
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and i got approved then i found out over
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the phone it was a soft pull with them
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um so i'm like wait i could do this like
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every day if i wanted so that's why so i
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didn't go every day but very end of may
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i did it then in june
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june or july i requested another one
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um
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and they said no
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and then in august i requested another
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one they said no so i'm still at four
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thousand dollars in this credit on the
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credit limit with this card so i went
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from three to four thousand which is
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cool so over the summer time they told
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me no so then i waited until september
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and in september i asked to go from four
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to five so i'm like okay now this is
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going to be what a 25
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credit limit increase if i get this so i
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asked to go from four to five in
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september and they actually proved me to
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go from four to six is what they did so
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i went from 4 000 to 6 thousand so i
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like doubled my credit limit and i don't
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know just a few months uh from the very
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end of may to
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like beginning of september i was like
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wow okay i didn't expect they're going
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to prove me for more than i asked for
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him you know i was like all right that's
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i'll take it you know no big deal so
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then i'm like okay maybe that's what i
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have to do is actually just wait a few
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months because the two times i got
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denied they told me i think one one was
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like not enough time at that limit and
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the other one might have just been like
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two freaking requests or something so
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i'm like okay maybe i want you to wait
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like a few months um to be at a certain
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point or they see enough data on you
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that you know they feel comfortable
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giving you more so i did that in
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september and then right before the year
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ended in december
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i did another increase request so i did
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this one i don't remember again if it
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was through the chat or over the phone
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but um
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made the request just to go for this
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time from four thousand uh actually from
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six thousand to seven thousand i'm like
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hey if i get seven thousand four years
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over i'm like i'll be cool with that
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right i didn't think they were gonna
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give me like a higher number a higher
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limit than i requested again i didn't
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think lightning was gonna like strike
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twice um you know so i just keep
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gradually building the card up like you
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know i'll just do that okay that was it
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this time it comes back because they
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didn't approve me for right away so um i
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think i did do it over the phone because
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i was told hey you know they're gonna
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review this they haven't given an answer
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um you know it's getting sent to whoever
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for an actual review i'm like oh okay so
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i'll probably you know call back later
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and find out or get a letter in the mail
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or something like that
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and um
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some time goes by i don't know maybe a
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week couple weeks and i go and check my
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mail i get my mail with all the
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envelopes in it there's a nice stack in
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there and one of them is from synchrony
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and i open it up and it's a letter uh
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saying you know we received your request
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for your credit limit increase on your
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card ending and you know whatever the
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last four are on the card it says um you
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know please give us a call
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at this 800 number uh to discuss your
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requests and i was like okay
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i wasn't really expecting this that says
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if we do not hear from you within 30
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days uh from the date of this letter
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then we will you know consider the
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request to be terminated so at first i
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thought they were going to terminate the
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card i was like damn that's that's
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serious i'm gonna terminate my card if i
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don't call him in 30 days but i was
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terminating my request is what it was so
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i you know go the 800 number give him a
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call
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person picks up answer a few questions
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like yes this is i am jacob yes i have
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this is my card i have this my current
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limits what i requested
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um
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you know and that was it i just said
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this is what i'm requesting and they
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said okay all right well then they put
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in the system and the person goes okay
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well you've been approved for ten
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thousand dollars i was like i am like
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you guys jumped me up that much
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so i was like okay lightning not only
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struck twice but uh it struck twice and
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much bigger than the first time even so
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i mean i just got like a
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what 66 credit limit increase just with
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that phone call and i was only
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requesting a thousand dollars uh a
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thousand dollar increase maybe it was
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two thousand might have been six to
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eight but i think it was just going from
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six to seven but nonetheless they gave
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me a four thousand dollar increase you
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know just for making that phone call
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confirming some information with them
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and i was like okay now i got a ten
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thousand dollar limit on the sam's club
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card so i mean that card has now gone up
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uh
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geez i've more than tripled the limit
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credit limit on that card in like
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eight months seven months
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something like seven months or something
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like more than tripled my initial limit
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on that card so i mean it's a soft pull
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if they do it so it doesn't hurt
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anything if you know they wind up saying
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no but i definitely was not expecting
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the phone call i mean the phone call
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could understand it confirms information
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but definitely not expecting that much
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of a jump a 4 000 increase so
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it's been a little while since i've
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actually made another request maybe i
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should do that again see maybe they'll
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give me like 10 this time then i'll go
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from 10 to 20 i'll have another video to
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make for you guys but hey that's
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something i want to share with you
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because sometimes that's happened to me
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with chase before i know what's happened
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with some of you where you know they say
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we need more we need time to review this
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and you just call in and sometimes it
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could just be as simple as confirming an
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address or something like that and say
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okay now you're approved it could just
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be some information um
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so yeah it pays to call if you're going
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to take a look or you get something like
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that in the mail it just it worked out
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for me that i saw the letter opened it
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gave him a phone call and
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you know i really wasn't expecting a
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good result from the phone calls i said
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to give them a call i figured they were
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just going to tell me no but it turned
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out a lot better than i thought so
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sometimes just picking up the phone and
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making that call can really work out in
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your favor so if you guys have any other
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stories to share i'd love to hear about
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them down below any of your experiences
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that would be awesome i appreciate you
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guys watching this video that is it for
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this one and until next time keep
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growing your money
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