03-06-2013 05:48 PM
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.
03-06-2013 05:54 PM
I reported $12,900 in yearly income and my cards and current limits as of this second are listed in my siggy.
03-06-2013 05:57 PM
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?
03-06-2013 06:00 PM
03-06-2013 06:01 PM
At 30k, I have 81k. At the moment
Holly Crap, be careful buddy.
03-06-2013 06:02 PM
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.
03-06-2013 06:03 PM
Smug, 81k at 30k is scary!
03-06-2013 06:06 PM
my stuff is listed below. 23k/yr
03-06-2013 06:15 PM
Not bad! My friend is a doctor and she makes $330k a year and she doesn't have any credit cards over $2k. Wierd.
03-06-2013 06:17 PM
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.