03-06-2013 06:21 PM
03-06-2013 06:22 PM
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.
03-06-2013 06:24 PM
I have about $40k in total credit with $78k annual income.
03-06-2013 06:26 PM - edited 03-06-2013 06:28 PM
We (wife and I) have a combined income of less than $30K/yr on which we live quite comfortably but modestly. Our combined CL's are about $53K, of which, if we really wanted to, max out all of them, and still PIF every one of them before the statement cuts and still be in great shape. But none of our creditors knows that, except one.
ETA: Forgive me if I sound like I'm bragging. I don't mean to.
03-06-2013 06:28 PM
last year i reported about 12k and this year about 25k next year will be around 35k. (i used 28k on most of my apps july-present)
Best Buy-2500 (Joint with my mom who has bk reporting) 10/10
Macy's 12/10 started with 100 now at 3.5k
Kohls 400 1/12
Citizens 500 6/12
Citizens 2k 8/12
Citizens 5k 12/12
Amex Zync 8/12
Chase Freedom 1k 7/12
AE 700 7/12
|Current: Discover Fico 682 1/15 Walmart Fico 684 1/15|
Inquiries (24 Months): EQ 4 TU 1 EX 5 | Most Recent: 09/26/2014
15% right now, but going up soon
|Amex Zync(Unicorn) |
Citi Diamond Preferred$6000
03-06-2013 06:34 PM
03-06-2013 07:03 PM
I think most banks look at your credit history and what limits are on the cards that you are already managing. One higher limit card is a catalyst for more higher limit cards. I think that income would be used to verify that you do not owe signifantly more money then you make.... that would be a red flag.
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