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New Visitor
Posts: 755
Registered: ‎02-17-2011
0

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 Skymiles $1000; Amex Hilton Honors $1000 Amex SPG $2000 Amex PRG NPSL Chase Freedom 3.5K Chase Southwest Premier Plus 16K Chase United Explorer 11K Chase Marriott 11K Chase IHG Club Select WMC 11K Discover $3K Gap Visa $5.5K; AEO Visa $5K Walmart MasterCard $5.3K Sam's Club Mastercard $8.5K Barclay's Rewards MC $5.4K Wells Fargo Rewards VISA $3K Barclays AA Silver Aviator MC $4K Priceline Visa 4K Venture $15K Venture One $10K Quicksilver Visa Siggy $5K
Frequent Contributor
Posts: 3,398
Registered: ‎09-26-2011
0

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: EX08: 609, TU08: 630, EQ08: 615. 06/30/16. Last App: 05/07/16.

Zero percent financing is where the devil lives...

Frequent Contributor
Posts: 437
Registered: ‎01-27-2012
0

Re: Breaking the $5000 Credit Card Limit?

Nice CLI!   Smiley Very Happy

CL $257,600
Senior Contributor
Posts: 5,435
Registered: ‎06-05-2013
0

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 790 7/24/16, Last App 7/5/16
Goal Score: 800 In garden until undecided
New Visitor
Posts: 755
Registered: ‎02-17-2011
0

Re: Breaking the $5000 Credit Card Limit?

Thank you!!
Amex Delta Gold Skymiles $1000; Amex Hilton Honors $1000 Amex SPG $2000 Amex PRG NPSL Chase Freedom 3.5K Chase Southwest Premier Plus 16K Chase United Explorer 11K Chase Marriott 11K Chase IHG Club Select WMC 11K Discover $3K Gap Visa $5.5K; AEO Visa $5K Walmart MasterCard $5.3K Sam's Club Mastercard $8.5K Barclay's Rewards MC $5.4K Wells Fargo Rewards VISA $3K Barclays AA Silver Aviator MC $4K Priceline Visa 4K Venture $15K Venture One $10K Quicksilver Visa Siggy $5K
New Visitor
Posts: 755
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 Skymiles $1000; Amex Hilton Honors $1000 Amex SPG $2000 Amex PRG NPSL Chase Freedom 3.5K Chase Southwest Premier Plus 16K Chase United Explorer 11K Chase Marriott 11K Chase IHG Club Select WMC 11K Discover $3K Gap Visa $5.5K; AEO Visa $5K Walmart MasterCard $5.3K Sam's Club Mastercard $8.5K Barclay's Rewards MC $5.4K Wells Fargo Rewards VISA $3K Barclays AA Silver Aviator MC $4K Priceline Visa 4K Venture $15K Venture One $10K Quicksilver Visa Siggy $5K
Member
Posts: 30,743
Registered: ‎02-07-2013
0

Re: Breaking the $5000 Credit Card Limit?

Congrats CLI

Before you app think...
Have you done your research of the CC?
Does it fit your spending?
Do you have a plan for the bonus w/o going into debt?
Can you afford the AF?
Do you know the cards benefits? Is it worth the HP?
Frequent Contributor
Posts: 272
Registered: ‎05-21-2011
0

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 $11,200.........Marriott Rewards Premier $6500.......Discover IT $9700......Citi Preferred $8600.......Chase Freedom $10,800.....Barclay(apple) $9800......BofA $1500.......Capital One $7400......FNO $7200........Barclay(Hawaiian airlines)$11,000......Citi Costco $15,000
Member
Posts: 30,743
Registered: ‎02-07-2013
0

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

Before you app think...
Have you done your research of the CC?
Does it fit your spending?
Do you have a plan for the bonus w/o going into debt?
Can you afford the AF?
Do you know the cards benefits? Is it worth the HP?
Senior Contributor
Posts: 6,028
Registered: ‎04-30-2013
0

Re: Breaking the $5000 Credit Card Limit?

Congrats!

NFCU nRewards $25,000 I AMEX SPG $23,000 I Chase Sapphire Preferred $17,500 I Discover IT $12,000 I J.P. Morgan Ritz-Carlton $11,000

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