Reply
Valued Contributor
Posts: 1,321
Registered: ‎07-07-2013
0

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?
Valued Contributor
Posts: 1,265
Registered: ‎09-14-2012
0

Re: Credit Limit Question

Every lender is different

Never take credit personally

Amex BCP $24,900; Chase Sapphire Preferred $24,200; Chase Marriott $20,000; Discover It $12,500; Chase Ink Cash $15,000; Chase Slate $13,500; Citi TYP $12,900; Capital One Venture $15,000; Amex SPG Biz $3,000; DCU Visa $10,000; Logix FCU $15,000; Citi Home Depot $8,800; Lowes $8,000; Care Credit $6,000; Penfed Platinum Sig $16,000; Barclay Arrival Plus WEMC $15,000; US Bank PLOC Overdraft $1,500; US Bank Perks+ Visa Signature $8,600; US Bank Edge Rewards Business $10,000; PenFed PLOC $5,000

Valued Contributor
Posts: 4,742
Registered: ‎06-05-2013
0

Re: Credit Limit Question

Not in my experience.

Established Contributor
Posts: 599
Registered: ‎03-10-2012
0

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-736(08/14) TU-752(09/14)
Newest to Oldest
Barc Sallie Mae 6K | Citi TY Pref 4.5K | US Bank Cash+ 10K | Chase Freedom 11.7K | Disc It 10.5K | Amazon Store 2.5K | BOA Cash Rewards 10.5K |

Closed Cards: 4 Oldest: 3yrs AAOA: 2yrs
Valued Contributor
Posts: 1,715
Registered: ‎03-07-2013
0

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?



GARDEN GOAL: MARCH 2014
LAST APP: 08/20/2013
---=[NORTHBOUND]=---
Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
† Credit cards for FICO Score ranges: The score ranges are guidelines based on actual applicant approvals and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.