Frequent Contributor
Posts: 464
Registered: ‎10-29-2012

Re: Credit Limits for incomes less than $30k...

I reported a meager 12,000 on my apps..and got the following limits listed in my sig.


I truly want up to 6k (half of my current income right now.) in credit and then no more for a while. 

Bank of America: Cash Rewards.-1,000. 4/25/12 (CLI Increase 6/15/13), Citi: Forward- 3k. 10/27/12 (CLI on 2/8/14, SP). Discover: More- 2k. 10/27/12 (Increase 6/1/14). Amex: PRG- NPSL (closed 12/13/13). 11/24/12. Chase: Freedom. 5/1/13- 2.4k. Southwest Rapid Rewards Plus.-3.6k. 6/15/13. Amex BCE-2k. 12/7/13. Amex SPG-4k.12/8/13. Last App: 1/8/14.
Frequent Contributor
Posts: 261
Registered: ‎08-20-2012

Re: Credit Limits for incomes less than $30k...

My income is above 15k but below 20k all of my limits are listed in my signature.
Amex B.C.E. - $2.5k - N.C.F.C.U.M.C. - $5k - Amex Gold - NPSL/35k P.O.T. - Discover More - $12k - Sam's Club M.C. - $10k -
Walmart M.C. - $7.5k - Citi T.Y.P. - $10k- Chase Freedom - $5k -
W.M.TU-776(Oct/14/) EQ-726(July/12) EX-782(Oct/14)
Audi, Vide, Tace. . .

New Contributor
Posts: 148
Registered: ‎03-17-2012

Re: Credit Limits for incomes less than $30k...

[ Edited ]

My first job I had a salary of around $30k and my limits were mostly in the low thousands.  That was over a decade ago though, so maybe not that relevant today..

Established Contributor
Posts: 627
Registered: ‎07-29-2010

Re: Credit Limits for incomes less than $30k...

My income flucuates between 29k and 35k because of commission. 


I use $33.5k on credit applications. See my limits below.

Discover IT $25K | FNBO Visa $22K | Citi Forward $14.5K | US Bank Cash+ Visa Sig $15K | Priceline/Barclays $10K | Chase Freedom $10.5K | Amazon/Chase Visa Sig $8.3k | Citi Double Cash $6.5K | BoA Cash Rewards 1-2-3 Sig $7.5K | Sallie Mae World MC/Barclays $5K | Capital One Cash Rewards $5K | Commerce Bank $5K | WF Cash Back Visa $3.6K | Amazon/GEMB $2.5K | Younkers/Comenity $2.4K | AMEX BCE $2K Target $1K | AMEX Green
EX FICO (from AMEX): 754, TU08 FICO (from Discover): 755, AAoA: 3.6 years
Established Contributor
Posts: 706
Registered: ‎06-11-2012

Re: Credit Limits for incomes less than $30k...

I think long flawless history and high scores will help with getting big limits.

The best way to get to big limits faster is to open a secured cc and max out the deposit. Show lenders that you're responsible with the limit for 6-12 months and then apply. Most lenders will either match or double your current highest limit to win your business.

Current Score: DCU EQ 714 - EX+ 746 - WM TU 746
Goal Score: 750+

DCU Platinum: 4000 - Discover IT: 11000 - Walmart: 5000 - AMEX BCP: 6000 - Chase Freedom: 5000
in the garden since 1/24/14 - #GARDENSTRONG
Valued Contributor
Posts: 1,569
Registered: ‎11-10-2012

Re: Credit Limits for incomes less than $30k...

shalane85 wrote:

Thats awesome Smug. I will be at a low income for several years (medical school + residency) but afterwards I shouldn't have a problem getting higher limits. Honestly my 16K is enough.

Residents still pull down like 70k right? It isn't like it was 15 years ago when residents made like 25k...

My Wallet:
WalMart: ||15k|| USAA Platinum MC: ||26k|| BCE: ||9k|| Chase Freedom Siggy: ||10k|| Discover it: ||6.5k|| SG Visa: ||11k||
USAA World MC: ||23k|| US Bank Cash+ Siggy: ||7.5k|| Citi TYP World MC: ||12k|| Barclays Arrival World MC: ||13k||Citi Double Cash World MC ||25k||Sallie Mae World MC ||18.8k||Fico Scores (3 Fico Monitoring): EQ 751,TU 749, EX 743. Last app: 9-12-14 Sallie

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