Credit Cards

[Phouchg]

Is there a typical limit to the amount of credit available to a person based on HHI? My HHI is $113k. What is the typical maximum credit I can have...30%? (about 35k across all credit lines). I ask because I am in the midst of a stupid FR and I wonder if AMEX doesn't like my $12k limit on my delta.

On the other hand, my 72 year old mother lives on about $18k per year Social Security, but has nearly $100k in available credit and pre-approved offers just about every day in the mail. She is only at about 7% utilization because she hates debt.

[FICO_Focused]

I would be interesed in reading some information on this topic as well. We recently have increased our credit availability ten fold, and now I'm undergoing an F/R from Amex as well. But my income more than covers the available CLs...

Good question, let's see if anyone chimes in wiht an answer.

Rob

[smallfry]

I know some who have 3-4 times their annual income in available credit. 100% annual income should be sufficient. Screw AMEX and what they think.

[trinigal]

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smallfry wrote:
I know some who have 3-4 times their annual income in available credit. 100% annual income should be sufficient. Screw AMEX and what they think.

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Smallfry hurry up and make another post somewhere, say ANYTHING!!!  your  post number now is gving me the hibby jibbies!

[FICO_Focused]

smallfry
Super Contributor
Posts: 666
Registered: 04-20-2007

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I know some who have 3-4 times their annual income in available credit. 100% annual income should be sufficient. Screw AMEX and what they think. 07-16-2007 05:10 PM

trinigal wrote:

Smallfry hurry up and make another post somewhere, say ANYTHING!!!  your  post number now is gving me the hibby jibbies!

^^^^^ LOL Trini.