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Established Contributor
DigitalArk
Posts: 1,036
Registered: ‎07-07-2013

Credit Limit Question

Does a new lender, in this case-credit card issuer, give out credit limit according to the lowest limit on your credit reports?

Established Contributor
sccredit
Posts: 771
Registered: ‎09-14-2012

Re: Credit Limit Question

Every lender is different

Mortgage $296k/$310k
Autos Loans $29k
Unsecured Lines $157.2k

Discover FICO 757
DCU FICO 744

Valued Contributor
takeshi74
Posts: 2,320
Registered: ‎06-05-2013

Re: Credit Limit Question

Not in my experience.

Established Contributor
YahComb
Posts: 592
Registered: ‎03-10-2012

Re: Credit Limit Question

[ Edited ]

issuer dependent. Will also somewhat depend on your total lines relative to your reported income.

 

for me

 

Discover gave me 1K, very early in my history and with 4 cards @ 600, 750, 1000, 1400. They asked if that was "good enough" i argued for 1.5K but they wouldnt move.

 

Chase-i apped for the Sapphire and Freedom at the same time. got both- the Freedom matched my then highest @ 3K, and i was approved for a 5K sapphire

 

Us Bank-beat my highest line, then 6K, with 6.5K

 

Citi-basically gave me the average per line with 4.5K

 

Barclays-Matched my lowest @ 2.5K

EQ-730(06/30/14) TU-758(06/19/14)
Newest to Oldest
Barc Sallie Mae 6K | Citi TY Pref 4.5K | US Bank Cash+ 10K | Chase Freedom 7.5K | Disc It 9K | Amazon Store 2.5K | BOA Cash Rewards 10.5K |

Closed Cards: 4 Oldest: 2.92yr AAOA: 24.8 mo
Valued Contributor
djc1puno
Posts: 1,715
Registered: ‎03-07-2013

Re: Credit Limit Question


YahComb wrote:

issuer dependent. Will also somewhat depend on your total lines relative to your reported income.

 

for me

 

Discover gave me 1K, very early in my history and with 4 cards @ 600, 750, 1000, 1400. They asked if that was "good enough" i argued for 1.5K but they wouldnt move.

 

Chase-i apped for the Sapphire and Freedom at the same time. got both- the Freedom matched my then highest @ 3K, and i was approved for a 5K sapphire

 

Us Bank-beat my highest line, then 6K, with 6.5K

 

Citi-basically gave me the average per line with 4.5K

 

Barclays-Matched my lowest @ 2.5K


+1 just all depends on issuer :smileyhappy:

 

YahComb,

 

what was your profile when you got approved for the chase CS?



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