Credit Line Increase
One of the fastest and safest ways to boost outstanding credit balances is to proactively increase credit lines for eligible members. Industry averages show that every $1,000 increase in credit limits equates to a gain in outstanding balances of more than 10 percent.
Our Credit Line Increase Solution evaluates cardholders based on your standards for payment history; last increase date and length of card ownership, credit scores and other factors. Eligible cardholders have the option to accept, defer, or decline a credit line increase. If the increase is accepted, it will be reflected immediately in the system. Each credit union sets approval parameters that meet risk tolerance and credit card growth goals.
Credit line increases can be easily integrated into existing member contact channels that offer 24 x 7 access. Eligible callers to our Contact Center will be presented with an option to increase their credit lines after their inquiry is addressed. Eligible online users of InfoLinkPlusSM will be presented with the optional increase at the start of their session, and will have the ability to accept, decline “at this time” or decline for current and future sessions.
Our Credit Line Increase Solution can be used alone or combined with
CURewards™, Balance Consolidation, Transaction Level Processing , Convenience Checks and AdvisorsPlus™ Solutions to boost card activity and balances.
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