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Frequent Contributor
Posts: 317
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.

-------------------------------------------------------------------------------------------------Fico Score Range 600-625 across the board
Established Contributor
Posts: 834
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.

Capital One QuickSilver MC $4.5K | Walmart $5K (CLOSED) | BOA Cash Rewards Sig $6.5K | BOA BBR $1K | Discover IT $13.5K | AMEX Sr Green Charge (NPSL) | PNC CashBuilder $1.5K | Paypal Extras MC $6k | PNC Auto Loan $20,038.75 | AMEX SimplyCash Biz CC $3k | BOA Cash Rewards Biz CC $3.5K | Chase Freedom Sig $8K | CapOne Spark BIZ Cash Visa Sig $5k | AMEX SimplyCash Biz CC $10k (LLC) | AMEX Everyday $2k | Sallie Mae WMC $6.4K | Citi Double Cash WEMC $6.2k | DCU Visa Platinum $1K (CLOSED0 | PSECU Visa w/PSL $8k | Chase Ink Cash BIZ Sig CC $3k | FNBO Biz Visa $9.5K | AMEX SimplyCash Plus BIZ CC $10k | Fidelity Rewards Visa Sig $4.7k | AARP Visa $500 |
Valued Contributor
Posts: 1,897
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
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
Posts: 834
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. Smiley Very Happy

Capital One QuickSilver MC $4.5K | Walmart $5K (CLOSED) | BOA Cash Rewards Sig $6.5K | BOA BBR $1K | Discover IT $13.5K | AMEX Sr Green Charge (NPSL) | PNC CashBuilder $1.5K | Paypal Extras MC $6k | PNC Auto Loan $20,038.75 | AMEX SimplyCash Biz CC $3k | BOA Cash Rewards Biz CC $3.5K | Chase Freedom Sig $8K | CapOne Spark BIZ Cash Visa Sig $5k | AMEX SimplyCash Biz CC $10k (LLC) | AMEX Everyday $2k | Sallie Mae WMC $6.4K | Citi Double Cash WEMC $6.2k | DCU Visa Platinum $1K (CLOSED0 | PSECU Visa w/PSL $8k | Chase Ink Cash BIZ Sig CC $3k | FNBO Biz Visa $9.5K | AMEX SimplyCash Plus BIZ CC $10k | Fidelity Rewards Visa Sig $4.7k | AARP Visa $500 |
Frequent Contributor
Posts: 317
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.

-------------------------------------------------------------------------------------------------Fico Score Range 600-625 across the board
Frequent Contributor
Posts: 317
Registered: ‎06-19-2008
0

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

Smug, 81k at 30k is scary!

-------------------------------------------------------------------------------------------------Fico Score Range 600-625 across the board
Frequent Contributor
Posts: 442
Registered: ‎03-19-2010
0

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

my stuff is listed below. 23k/yr

Frequent Contributor
Posts: 317
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.

-------------------------------------------------------------------------------------------------Fico Score Range 600-625 across the board
New Contributor
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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