How Can I Get Approved for a High Limit on a Credit Card
Author: JaneiR36
Posted: Fri Aug 25, 2006 10:53 am
Post subject: Who will approve me for a high limit card?
I'd like to start getting higher CL's, like in the tens of thousands range. Who will approve me for those CL's usually? Any companies that tend to? My highest CL right now is only about $6000, ever since MBNA lowered the CL on my $16000 limit account I think that pretty much limited how much I've been getting from companies. Please advice.
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Author: creditnewbie
Posted: Fri Aug 25, 2006 12:35 pm
Post subject:
BoA, AMEX, Chase, and Citi give high limits, but if you want the highest limits they grant, you need to have financial resources. Your income has to be high and your bank accounts need to have plenty of cash. BoA will give $100K limit but only if you are a premier customer with at least $100K in your BoA deposit accounts. The maximum AMEX grants without verifying income is $25K. If you need more, you need to prove your high income or networth. Also, you need to have a high credit score. Higher than 760+.
Author: hesiden
Posted: Fri Aug 25, 2006 1:02 pm
Post subject: How Can I Get Approved for a High Limit on a Credit Card
Growth over time. AMEX and Citi both have CLI buttons on their websites that allow no hard pull CLI's. You'd severl months history before Citi's allows it. AMEX was game me a CLI as soon as I signed on. Check to see if you allowed a CLI every few months online.
You can do the same with other issuers, but usually you need to call them.
Also see the NASA FCU thread where it is claimed you can get a really high credit line with them.
I've seen people have good luck with high initial lines with Citi's Premier Pass card.
Say away from Cap1. HSBC and WAMU/Providan are also known for low credit limits.
Author: maddybeagle
Posted: Fri Aug 25, 2006 2:27 pm
Post subject: How Can I Get Approved for a High Limit on a Credit Card
Quote:
I've seen people have good luck with high initial lines with Citi's Premier Pass card.
I have heard that also...Seems people have all kinds of other theories, also....including doing a bt with the application, etc. Seems like a lot folks that dont have huge incomes just keep old accounts open, consolidate when they can, and build them over time...and keep them open by using each card occasionally and not utilizing all of your credit (dont make it look like you are in financial trouble)...
Author: wierdo
Posted: Fri Aug 25, 2006 4:35 pm
Post subject:
If I particularly cared about having a card over 10k, I would apply for two cards from the same issuer and combine them.
I recently applied for several cards, and funny enough, the card that had BTs on the app is the lowest limit of all of them, only $3600 with $2600 of BTs. All the other cards were higher, a couple more than double that. I think with the big banks, it really depends on which underwriter happens to see your app more than anything else. Some are stingy, others are generous.
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Posted: Fri Aug 25, 2006 10:53 am
Post subject: Who will approve me for a high limit card?
I'd like to start getting higher CL's, like in the tens of thousands range. Who will approve me for those CL's usually? Any companies that tend to? My highest CL right now is only about $6000, ever since MBNA lowered the CL on my $16000 limit account I think that pretty much limited how much I've been getting from companies. Please advice.
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Author: creditnewbie
Posted: Fri Aug 25, 2006 12:35 pm
Post subject:
BoA, AMEX, Chase, and Citi give high limits, but if you want the highest limits they grant, you need to have financial resources. Your income has to be high and your bank accounts need to have plenty of cash. BoA will give $100K limit but only if you are a premier customer with at least $100K in your BoA deposit accounts. The maximum AMEX grants without verifying income is $25K. If you need more, you need to prove your high income or networth. Also, you need to have a high credit score. Higher than 760+.
Author: hesiden
Posted: Fri Aug 25, 2006 1:02 pm
Post subject: How Can I Get Approved for a High Limit on a Credit Card
Growth over time. AMEX and Citi both have CLI buttons on their websites that allow no hard pull CLI's. You'd severl months history before Citi's allows it. AMEX was game me a CLI as soon as I signed on. Check to see if you allowed a CLI every few months online.
You can do the same with other issuers, but usually you need to call them.
Also see the NASA FCU thread where it is claimed you can get a really high credit line with them.
I've seen people have good luck with high initial lines with Citi's Premier Pass card.
Say away from Cap1. HSBC and WAMU/Providan are also known for low credit limits.
Author: maddybeagle
Posted: Fri Aug 25, 2006 2:27 pm
Post subject: How Can I Get Approved for a High Limit on a Credit Card
Quote:
I've seen people have good luck with high initial lines with Citi's Premier Pass card.
I have heard that also...Seems people have all kinds of other theories, also....including doing a bt with the application, etc. Seems like a lot folks that dont have huge incomes just keep old accounts open, consolidate when they can, and build them over time...and keep them open by using each card occasionally and not utilizing all of your credit (dont make it look like you are in financial trouble)...
Author: wierdo
Posted: Fri Aug 25, 2006 4:35 pm
Post subject:
If I particularly cared about having a card over 10k, I would apply for two cards from the same issuer and combine them.
I recently applied for several cards, and funny enough, the card that had BTs on the app is the lowest limit of all of them, only $3600 with $2600 of BTs. All the other cards were higher, a couple more than double that. I think with the big banks, it really depends on which underwriter happens to see your app more than anything else. Some are stingy, others are generous.
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
posted by CardRatings.com at 11:43 PM
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