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Established Contributor
Posts: 842
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 1.5K Amex HH 2k Amex PRG NPSL, AMEX BCE 2k, BOA Cash Rewards 1k, Barclay Jet Blue WMC 7K, Chase Freedom 16.5K Chase Southwest Premier Plus 7K Chase United Explorer 20.5K Chase Marriott 11K , Amazon Visa 3.5k, Discover $7K Gap Visa $8.5K; Walmart MasterCard 7.5K Sam's Club MC 9.5K Venture $15K Venture One 10K Quicksilver Visa Siggy 5K, Citi Shell MC 2k, Total Rewards Visa 4.2K Fuel Rewards MC 3K CITI AA Gold WEMC 8.4K Paypal Extras MC 8K, Citi Diamond WEMC 3.5K, Cit DC WEMC 3k, Citi Hilton Visa Siggy 8k.
Senior Contributor
Posts: 3,999
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...




Last App: 09/26/16.

Zero percent financing is where the devil lives...
Frequent Contributor
Posts: 444
Registered: ‎01-27-2012
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Re: Breaking the $5000 Credit Card Limit?

Nice CLI!   Smiley Very Happy

CL $317,649
Super Contributor
Posts: 6,076
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 826 4/16/17, Last App 8/5/17
Goal Score: 800 (Achieved!) In garden until Sepetember 2019
Established Contributor
Posts: 842
Registered: ‎02-17-2011
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Re: Breaking the $5000 Credit Card Limit?

Thank you!!
Amex Delta Gold 1.5K Amex HH 2k Amex PRG NPSL, AMEX BCE 2k, BOA Cash Rewards 1k, Barclay Jet Blue WMC 7K, Chase Freedom 16.5K Chase Southwest Premier Plus 7K Chase United Explorer 20.5K Chase Marriott 11K , Amazon Visa 3.5k, Discover $7K Gap Visa $8.5K; Walmart MasterCard 7.5K Sam's Club MC 9.5K Venture $15K Venture One 10K Quicksilver Visa Siggy 5K, Citi Shell MC 2k, Total Rewards Visa 4.2K Fuel Rewards MC 3K CITI AA Gold WEMC 8.4K Paypal Extras MC 8K, Citi Diamond WEMC 3.5K, Cit DC WEMC 3k, Citi Hilton Visa Siggy 8k.
Established Contributor
Posts: 842
Registered: ‎02-17-2011
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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 1.5K Amex HH 2k Amex PRG NPSL, AMEX BCE 2k, BOA Cash Rewards 1k, Barclay Jet Blue WMC 7K, Chase Freedom 16.5K Chase Southwest Premier Plus 7K Chase United Explorer 20.5K Chase Marriott 11K , Amazon Visa 3.5k, Discover $7K Gap Visa $8.5K; Walmart MasterCard 7.5K Sam's Club MC 9.5K Venture $15K Venture One 10K Quicksilver Visa Siggy 5K, Citi Shell MC 2k, Total Rewards Visa 4.2K Fuel Rewards MC 3K CITI AA Gold WEMC 8.4K Paypal Extras MC 8K, Citi Diamond WEMC 3.5K, Cit DC WEMC 3k, Citi Hilton Visa Siggy 8k.
Super Contributor
Posts: 31,000
Registered: ‎02-07-2013
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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: 335
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
CSR.........11,900.......Delta Amex $11,200.........Marriott Rewards Premier $8000.......Discover IT $9700......Citi Preferred $8600.......Chase Freedom $10,800.....Barclay(apple) $11,600......BofA $1500.......Capital One $7400......FNO $7200........Barclay(Hawaiian airlines)$11,000......Citi Costco $15,000. June 1st 2013 0 credit cards and 575 fico. Today 114K in credit and 754 fico.
Super Contributor
Posts: 31,000
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

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: 6,240
Registered: ‎04-30-2013
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Re: Breaking the $5000 Credit Card Limit?

Congrats!

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