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Established Contributor
Posts: 636
Registered: ‎02-17-2011
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Breaking the $5000 Credit Card Limit?

So I received my first CLI to 5000.00$ on my Walmart Credit Card.  Does this mean I have reached a new level with my CR? or because its a store card-not really?

Amex Delta Gold $1000.00 CL; Discover $1000.00 CL; Gap Visa $4500.00 CL; AE Visa 4000.00 CL; Cap1 Quicksilver $2000.00; Walmart MasterCard $5,300.00; Sam's Club Mastercard $8500.00; Barclay's Rewards MC $3700; CITIBank Dividend Platinum $300.00 CL; AMEX PRG NPSL; Wells Fargo Rewards VISA $3,000.00 CL; Barclays AA Red Aviator MC $4000.00 CL; BOA Better Balance Rewards VIsa $1000.00 CL; Chase Freedom Visa $3,500; Venture $15,000; Venture One $10,000.

Valued Contributor
Posts: 2,690
Registered: ‎09-26-2011
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Re: Breaking the $5000 Credit Card Limit?

Dunno yet...I've had a Kay's card worth $7,600 for a few years...but no "real" credit card worth more than $2500 until very, VERY recently...

 

My CU just increased my credit limit from $2,000 to $5,500...I'm going to wait until it reports that to the credit bureaus and then I'll try to get some other CC's to match my limit...

Current Scores: EX: 615, TU08: 639, EQ: 607. 04/01/2015.

Zero percent financing is where the devil lives...
Frequent Contributor
Posts: 398
Registered: ‎01-27-2012
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Re: Breaking the $5000 Credit Card Limit?

Nice CLI!   :smileyvery-happy:

Money Never Sleeps! :CL $275,100 .FIC, Amex $10,000 EX 777 EQ 768 TU 765: Beaver Card $20.000: Barclaycard World MasterCard $20,000 Lowe's Amex $5,000 Amex Blue Sky $24,500: Amex Gold :NPSL: Amex Costco $7000:Chase Freedom $5,000: Home Depot $8,700 Discover IT $10,000 :Citi Thank you $16,500: Citi Simplicity $15,500: Chase Sapphire $31,200 :smileyfrustrated:am's Club M/C $19,000 :Cap1 World MC $8500 :Vibe,Credit Union $15,000 :Walmart M/C $14,000:Macy's AMEX $10,000 Macy's Store Card $2500. Alliant C/U 15000
Valued Contributor
Posts: 3,171
Registered: ‎06-05-2013
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Re: Breaking the $5000 Credit Card Limit?


texasman07 wrote:

So I received my first CLI to 5000.00$ on my Walmart Credit Card.  Does this mean I have reached a new level with my CR? or because its a store card-not really?


I have heard breaking the 5k barrier has opened the flood gates for some people when they applied for new cards and getting higher credit lines. I'm hoping to find out when my cards age a bit more. In terms of it being a store card I am not really sure how those would be viewed by CC companies. I think I have seen people with high limit store cards and the rest of their cards were much lower. That being said either way you look at it your new limit won't hurt your chances so congrats on your CLI!


Starting Score: EQ: 714, TU 684
Current Score: EQ: 725 7/30/13, TU 684 6/2013, Exp 730 6/27/14, Last App 1/3/15
Goal Score: 800 In garden until 4/2015
Established Contributor
Posts: 636
Registered: ‎02-17-2011
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Re: Breaking the $5000 Credit Card Limit?

Thank you!!
Amex Delta Gold $1000.00 CL; Discover $1000.00 CL; Gap Visa $4500.00 CL; AE Visa 4000.00 CL; Cap1 Quicksilver $2000.00; Walmart MasterCard $5,300.00; Sam's Club Mastercard $8500.00; Barclay's Rewards MC $3700; CITIBank Dividend Platinum $300.00 CL; AMEX PRG NPSL; Wells Fargo Rewards VISA $3,000.00 CL; Barclays AA Red Aviator MC $4000.00 CL; BOA Better Balance Rewards VIsa $1000.00 CL; Chase Freedom Visa $3,500; Venture $15,000; Venture One $10,000.

Established Contributor
Posts: 636
Registered: ‎02-17-2011
0

Re: Breaking the $5000 Credit Card Limit?

My SAMs card is about to get upgraded to a SAMs discover and it currently has a CL of 4500
Amex Delta Gold $1000.00 CL; Discover $1000.00 CL; Gap Visa $4500.00 CL; AE Visa 4000.00 CL; Cap1 Quicksilver $2000.00; Walmart MasterCard $5,300.00; Sam's Club Mastercard $8500.00; Barclay's Rewards MC $3700; CITIBank Dividend Platinum $300.00 CL; AMEX PRG NPSL; Wells Fargo Rewards VISA $3,000.00 CL; Barclays AA Red Aviator MC $4000.00 CL; BOA Better Balance Rewards VIsa $1000.00 CL; Chase Freedom Visa $3,500; Venture $15,000; Venture One $10,000.

Community Leader
Senior Contributor
Posts: 26,912
Registered: ‎02-07-2013
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Re: Breaking the $5000 Credit Card Limit?

Congrats CLI

+ Chase ink =




Regular Contributor
Posts: 248
Registered: ‎05-21-2011
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Re: Breaking the $5000 Credit Card Limit?

As you can see my sig, all of my cc are teenager CL. Two days ago Amex approved me for there delta card 5500 limit. How much longer till my other cards cards catch wind of this ??, would like to get me a signature visa. I know visa likes to see a CL of $5000 for awhile.

Thanks
Delta Amex $9500.........Marriott Rewards Premier $6500.......Discover IT $4600......Citi Preferred $3900.........Chase Freedom $3800......Barclay(apple) $2900.......BofA $1500.......
Capital One $4500....FNO.....$4900.....
Community Leader
Senior Contributor
Posts: 26,912
Registered: ‎02-07-2013
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Re: Breaking the $5000 Credit Card Limit?

[ Edited ]

texasman07 wrote:

So I received my first CLI to 5000.00$ on my Walmart Credit Card.  Does this mean I have reached a new level with my CR? or because its a store card-not really?


Some lenders consider any limits store or CC

Chase does not for store cards

+ Chase ink =




Valued Contributor
Posts: 5,381
Registered: ‎04-30-2013
0

Re: Breaking the $5000 Credit Card Limit?

Congrats!




NFCU Flagship $25,000 I AMEX SPG $23,000 I Chase Sapphire Preferred $17,500 I Discover IT $12,000 I
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