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Valued Contributor
DigitalArk
Posts: 1,060
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?

Established Contributor
sccredit
Posts: 800
Registered: ‎09-14-2012
0

Re: Credit Limit Question

Every lender is different

Credit Cards: Amex BCP $24,900; Chase Sapphire Preferred $24,200; Discover It $12,500; Chase Ink Cash $15,000; Chase Slate $13,500; Citi TYP $12,900; Amex SPG Biz $3,000; US Bank Platinum $8,600; DCU Visa $10,000; Logix FCU $15,000; Citi Home Depot $8,800; Lowes $5,000; Care Credit $6,000; Penfed Platinum Sig $16,000; Barclay Arrival Plus WEMC $5,000

Valued Contributor
takeshi74
Posts: 2,346
Registered: ‎06-05-2013
0

Re: Credit Limit Question

Not in my experience.

Established Contributor
YahComb
Posts: 595
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-758(06/14)
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: 3yr AAOA: 25.8 mo
Valued Contributor
djc1puno
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?



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