Diners Club card is back

[Anonymous]

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@iwazl71 wrote:

I'm a little disappointed with my CL.  I also applied last night for the premier card at was only given a 30k starting limit.  No where close to my highest limit, in fact it will be only the 5th highest.  My TU score is 782, 1 Inq, with 455k CL and 1% Util.

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Wow! Congrats on your total CL of 455CL. Now that you have th DC added to your list, may I ask - how long did it take you to reach the 1/2 million CL? Amazing! 

Do you keep applying until you hit a billion in CLs?

[iwazl71]

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@Anonymous wrote:

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@iwazl71 wrote:

I'm a little disappointed with my CL.  I also applied last night for the premier card at was only given a 30k starting limit.  No where close to my highest limit, in fact it will be only the 5th highest.  My TU score is 782, 1 Inq, with 455k CL and 1% Util.

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Wow! Congrats on your total CL of 455CL. Now that you have th DC added to your list, may I ask - how long did it take you to reach the 1/2 million paoint? Amazing! 

Do you keep applying until you hit a billion in CLs?

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Thanks.  It really did not take too long.  I started focusing on it about 18 months ago.  I had decent credit but never paid too much attention to it until I ran into this board and got addicted.

[Anonymous]

Interesting thread. My first Diners Club Card was a charge card issued in 1973 and it carried distinction. The challenge was finding shops that would take it. Exclusivity was the name of the game. Felt important. A MasterCard... unheard of. But then Diners Club was it's own network worldwide and they almost died out.

[Anonymous]

What do you buy with all that credit?  Seems obsessive don't you think? 

[Involver]

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@Anonymous wrote:

What do you buy with all that credit?  Seems obsessive don't you think? 

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some people might call it obsessive, others might say it's a hobby?  i don't know, i look at credit as a game now, and high credit lines are simply a means to minimize util even if you have to hold onto some debt for a while (at least for me).  i could sit on a 15k credit statement and my util would be less than 10%.  a year ago at this time that would have exceeded all of my total credit lines by 1000%.

[B335is]

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@red259 wrote:

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@cheon1 wrote:

Amex keeps saying i have to much available credit  on the other hand chase will give me all i want.

My ex score is only 757 maybe they don't like that?

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757 is a solid score so I don't think that's it. This seems like the perfect example of the problem of having too much open credit. Lenders start using it as a reason to deny. I would get frustrated with those types of amex limits. If a lender doesn't give me at least 5k I find it very difficult to heavily utilize the card. My SPG card is at 2k and it was a royal pain to make the initial spend, because I had to keep making payments to free up credit. If the limit does not increase then they may lose my business all together, which would be a shame. 

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Possibly.  Or the Premier has a max starting CL, or it's given as a percentage of annual income.  The Elite might have a higher limit criteria too, who knows.

[longtimelurker]

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@Anonymous wrote:

What do you buy with all that credit?  Seems obsessive don't you think? 

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Like "addiction" or "political correctness" the dividing line is often "someone who does it [much] more than me"   To the wider world, reading a forum on credit cards is pretty obsessive, after all,  just get a credit card, use it and pay what's required.  What's there to discuss!

[iwazl71]

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@B335is wrote:

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@red259 wrote:

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@cheon1 wrote:

Amex keeps saying i have to much available credit  on the other hand chase will give me all i want.

My ex score is only 757 maybe they don't like that?

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757 is a solid score so I don't think that's it. This seems like the perfect example of the problem of having too much open credit. Lenders start using it as a reason to deny. I would get frustrated with those types of amex limits. If a lender doesn't give me at least 5k I find it very difficult to heavily utilize the card. My SPG card is at 2k and it was a royal pain to make the initial spend, because I had to keep making payments to free up credit. If the limit does not increase then they may lose my business all together, which would be a shame. 

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Possibly.  Or the Premier has a max starting CL, or it's given as a percentage of annual income.  The Elite might have a higher limit criteria too, who knows.

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Now, that poses an interesting question.  For those that received the 40k starting limits, were they the Elite version?

[sandman2435]

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@Sooners2013 wrote:

Please share your stats. Scores, inquiries, utilization and income????

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800 TU 778 EX 780 EQ, tons of Inq lol,  Less than 1% utilization , $160K income

[cheon1]

Premier