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Frequent Contributor
shalane85
Posts: 286
Registered: ‎06-19-2008
0

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

I was just curious as to what kind of credit lines can one expect with an income less than 30K. For me my total credit lines come to $18k (most coming from AU). I was curious as to where everyone else is.

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Starting Score: 472
Current Score: 628
Goal Score: 680


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Starting Score: EQ FICO 470 TU FICO 482 7/15/2011
Current Score: EX ?? /EQ FICO 628 / TU ??
Goal Score: 680 across the board!

Navy Federal nRewards $500 cl
Capitol One Platinum (AU) $7500 cl
USAA Amex $250
Kay Jewelers $900
Established Contributor
linux007969
Posts: 604
Registered: ‎04-20-2012
0

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

I reported $12,900 in yearly income and my cards and current limits as of this second are listed in my siggy.

Discover IT TU Score: 739 as of 4/20/14 | TU Score as of 1/5/14 - 710 | EQ Score as of 1/5/14 - 748 | Ex Score as of 1/5/14 - 728
TU Score as of 1/5/14 - 705 | EQ Score as of 1/5/14 - 721 | Ex Score as of 1/5/14 -753 |

Capital One QuickSilver MC $4.5K | Amazon $1.8K (CLOSED) | Walmart $5K | Paypal SC w/Debit card $5K | BOA 123 Cash Rewards Sig $5K | BOA BBR $1K | Discover IT $8K | AMEX Sr Green Charge (NPSL) | PNC CashBuilder $1.5K | Paypal Extras MC $5k | PNC Auto Loan $20,038.75 | AMEX SimplyCash Biz CC $3k | BOA Cash Rewards Biz CC $3.5K |
Valued Contributor
Gunnar419
Posts: 1,159
Registered: ‎01-23-2013
0

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

I think there's a lot of voodoo to it. My income is in the vicinity described by the OP and my credit is clean. Earlier this year, one card approved me for an astounding $10k right out of the gate (instant approval, no recon). Three weeks later, another approved me for a whopping $400 (reconned to $1k). So who knows?

Established Contributor
Smug
Posts: 961
Registered: ‎12-21-2010
0

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

At 30k, I have 81k. At the moment
Experian® 808/Equifax® ?/TransUnion® 810
Baddies Experian® clean/Equifax® 1/TransUnion® Clean
Last CLI 6-13-2013
Total Credit $121,190.00
Goal 780!
Established Contributor
linux007969
Posts: 604
Registered: ‎04-20-2012
0

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


Smug wrote:
At 30k, I have 81k. At the moment

Holly Crap, be careful buddy. :smileyvery-happy:

Discover IT TU Score: 739 as of 4/20/14 | TU Score as of 1/5/14 - 710 | EQ Score as of 1/5/14 - 748 | Ex Score as of 1/5/14 - 728
TU Score as of 1/5/14 - 705 | EQ Score as of 1/5/14 - 721 | Ex Score as of 1/5/14 -753 |

Capital One QuickSilver MC $4.5K | Amazon $1.8K (CLOSED) | Walmart $5K | Paypal SC w/Debit card $5K | BOA 123 Cash Rewards Sig $5K | BOA BBR $1K | Discover IT $8K | AMEX Sr Green Charge (NPSL) | PNC CashBuilder $1.5K | Paypal Extras MC $5k | PNC Auto Loan $20,038.75 | AMEX SimplyCash Biz CC $3k | BOA Cash Rewards Biz CC $3.5K |
Frequent Contributor
shalane85
Posts: 286
Registered: ‎06-19-2008
0

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

Isn't that interesting? Out of my 16K in credit limits 7K are based off of my credit. I would assume someone making less than 30K would not get more than 5K? But who knows. By the way my income is around $22k and I am a full time pre medical student.

-------------------------------------------------------------------------------------------------

Starting Score: 472
Current Score: 628
Goal Score: 680


Take the FICO Fitness Challenge





Starting Score: EQ FICO 470 TU FICO 482 7/15/2011
Current Score: EX ?? /EQ FICO 628 / TU ??
Goal Score: 680 across the board!

Navy Federal nRewards $500 cl
Capitol One Platinum (AU) $7500 cl
USAA Amex $250
Kay Jewelers $900
Frequent Contributor
shalane85
Posts: 286
Registered: ‎06-19-2008
0

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

Smug, 81k at 30k is scary!

-------------------------------------------------------------------------------------------------

Starting Score: 472
Current Score: 628
Goal Score: 680


Take the FICO Fitness Challenge





Starting Score: EQ FICO 470 TU FICO 482 7/15/2011
Current Score: EX ?? /EQ FICO 628 / TU ??
Goal Score: 680 across the board!

Navy Federal nRewards $500 cl
Capitol One Platinum (AU) $7500 cl
USAA Amex $250
Kay Jewelers $900
Frequent Contributor
Mike360
Posts: 433
Registered: ‎03-19-2010
0

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

my stuff is listed below. 23k/yr

~~In my wallet: Best Buy $7500, Dell Preferred $5500, Discover IT $4000, Chase Freedom $3500, Barclays NFL Extra Points $3300, Sears $2800, Bill Me Later $2100, CapOne Platinum $2000, Kohls $1500, Target $200
Frequent Contributor
shalane85
Posts: 286
Registered: ‎06-19-2008
0

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

Not bad! My friend is a doctor and she makes $330k a year and she doesn't have any credit cards over $2k. Wierd.

-------------------------------------------------------------------------------------------------

Starting Score: 472
Current Score: 628
Goal Score: 680


Take the FICO Fitness Challenge





Starting Score: EQ FICO 470 TU FICO 482 7/15/2011
Current Score: EX ?? /EQ FICO 628 / TU ??
Goal Score: 680 across the board!

Navy Federal nRewards $500 cl
Capitol One Platinum (AU) $7500 cl
USAA Amex $250
Kay Jewelers $900
New Contributor
CreditAce
Posts: 103
Registered: ‎02-19-2013
0

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

I recently got out of grad school so I’ve had many years of low income and slowly building my credit from scratch. I have about $20K in revolving credit under my name with 2 cards at $7K each. I closed a few cards from back when I was starting out so if I kept those open I’d be closer to $30K. I’ve found Amex to be least flexible in raising my CL due to low income. The other banks seem not to mind as much although the increases are obviously smaller than for someone with higher income.


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