** clickbait **
This probably has a very simple explanation but TD has been sending me letters every month (or every second month not really keeping track) with offers to increase my credit card limit. They are now offering a 50% increase over my current limit. Which is useless as I rarely use more than 30% of my current limit.
Anyways my question is how exactly they come up with this number? It states they can retract the offer if "any adverse credit information is obtained between the date of this offer and the date of my acceptance".
So are they doing soft checks of my credit every month then? How does it work?
Do they base this on my spending?
Doesn't bother me in any way shape or form as the envelope usually just goes straight into the shredder and I don't care if someone is doing soft checks on my credit regularly. Just curious what information they use to get this number.