@jamesdwi wrote:
@Revelate wrote:Unless you're already using all the credit you have available anyway, why should you need a CLI? That falls under the convenience factor, not having to pay multiple times a month being the biggest one.
Yeah, there's certain cards (Visa Signature ones, the CSP for example) where you may be excluded if you're sitting with a bunch of toy limits, but those cards are pretty few and far between. Also, I would strongly suspect that many folks who had been denied for CLI's for that reason, probably had some other underlying reasons which weren't shared with them, or weren't shared with us.
The entire forum has to be taken with a little bit of a grain of salt sometimes with lender responses: our actions are easily three standard deviations outside normal credit application and use.
If you come close to doing tht you wont get a prime lender to give credit to buy a piece of toast. Maxing out a single card is hit on your FICO, maxing out all your cards is a death sentence, note that to lenders maxing out your card is a balance of more than 80% of your availble credit.
if you have a $1000 card and want to treat a couple of friends to a dinner out at a nice resturant that $600 charge can take a real chunk out of your FICO score despite the fact that you PIF the next morning the day your statement cuts.
In my case I don't live paycheck to paycheck: it's no problem for me to simply transfer funds to cover it a day or two *before* the statement cuts, and voila, the balance never gets factored into the revolving utilization metric.
Even in your example the larger CL is a convenience factor.
@CreditScholar wrote:
Having high CLs help when you're trying to apply for new cards, which most people will do at some point. A new lender will generally use your income and current CLs as major indicators as to what CL they should give you.
In which case CL's can count against you too: "you have enough credit already." 
CL's are also dictated by how aggressive the given creditor is at the time too.
@treefrogger wrote:I can remember a time getting a denial for the sole reason of, "You have a low limit card on your credit bureau report." It was a $200 Target card they were referencing.
That's about the lowest credit limit I've ever heard of. Hopefully they've given you some CLI since then! 
@HiLine wrote:
@treefrogger wrote:I can remember a time getting a denial for the sole reason of, "You have a low limit card on your credit bureau report." It was a $200 Target card they were referencing.
That's about the lowest credit limit I've ever heard of. Hopefully they've given you some CLI since then!
I've heard of $150 limit store cards...I think it was Macy's or something. LOL.
DW has a VS with a $100 limit. Beat that.
How about a tie????
I just approved for a Walmart Discover card for $150! I think I should win becasue my card is a credit card!
@rightrack01 wrote:How about a tie????
I just approved for a Walmart Discover card for $150! I think I should win becasue my card is a credit card!
Atleast it's a Walmart Discover, I still have the store card with 7k CL.