Do junk cards inhibit higher limits?

[gdale6]

even though your income is 24K you should easily be able to obtain over 75K in total CLs if you treat your accounts right and keep util low over time, you can even get a 5 fig limit with that amount. There is a saying higher limits beget higher limits so in the store card arena only get the ones you will actually use. Good luck

[Revelate]

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@jamesdwi wrote:

if all cards your  are as stated in your signature line, you don't have crappy cards. Your store cards will grow with time and most prime lenders don't count them in calculating your new CL's, your prime cards are all hovering around the 2k-3k CL,  in 61 days go for a CLI on your AMEX, card if they grant 2-3x CLI you are on your way, as your CL's begin to grow others will grow as well. Your income isn't helping things, but after a few years your income may grow, and your cards will grow because you are seen as more trust worthy to lenders.  Keep doing what you are doing. 

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Ah, what did you mean by this statement?

I agree if we're talking store cards not factoring much in demonstrating what limit you've been able to handle previously, but AFAIK virtually all lenders count it in determining your overall exposure?  Not really a problem now from the OP's description admittedly.

[jamesdwi]

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@Revelate wrote:

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@jamesdwi wrote:

if all cards your  are as stated in your signature line, you don't have crappy cards. Your store cards will grow with time and most prime lenders don't count them in calculating your new CL's, your prime cards are all hovering around the 2k-3k CL,  in 61 days go for a CLI on your AMEX, card if they grant 2-3x CLI you are on your way, as your CL's begin to grow others will grow as well. Your income isn't helping things, but after a few years your income may grow, and your cards will grow because you are seen as more trust worthy to lenders.  Keep doing what you are doing. 

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Ah, what did you mean by this statement?

I agree if we're talking store cards not factoring much in demonstrating what limit you've been able to handle previously, but AFAIK virtually all lenders count it in determining your overall exposure?  Not really a problem now from the OP's description admittedly.

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I meant that AMEX and Chase won't cound the 750 store card limit when they are calculating your initial Credit Line, the fact that you only have 200 CL on a store card isn't going to effect them giving you 10k on your CSP or Amex BCP. 

[Revelate]

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@jamesdwi wrote:

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@Revelate wrote:

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@jamesdwi wrote:

if all cards your  are as stated in your signature line, you don't have crappy cards. Your store cards will grow with time and most prime lenders don't count them in calculating your new CL's, your prime cards are all hovering around the 2k-3k CL,  in 61 days go for a CLI on your AMEX, card if they grant 2-3x CLI you are on your way, as your CL's begin to grow others will grow as well. Your income isn't helping things, but after a few years your income may grow, and your cards will grow because you are seen as more trust worthy to lenders.  Keep doing what you are doing. 

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Ah, what did you mean by this statement?

I agree if we're talking store cards not factoring much in demonstrating what limit you've been able to handle previously, but AFAIK virtually all lenders count it in determining your overall exposure?  Not really a problem now from the OP's description admittedly.

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I meant that AMEX and Chase won't cound the 750 store card limit when they are calculating your initial Credit Line, the fact that you only have 200 CL on a store card isn't going to effect them giving you 10k on your CSP or Amex BCP. 

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Fair point on irrelevant limits though I might suggest that's still dependent on income; however, on the other hand store cards at non-trivial limits (seen pretty absurd limits on some GE cards historically) likely will when calculating overall exposure.

[One7]

Most prime lenders could care less about your store cards. It's your other CCs they look at. I'd recommend increasing the limits on your other CCs before applying for another card to better your chances at higher limits. Chase and Amex did this to me.

[coldnmn]

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@gdale6 wrote:

even though your income is 24K you should easily be able to obtain over 75K in total CLs if you treat your accounts right and keep util low over time, you can even get a 5 fig limit with that amount. There is a saying higher limits beget higher limits so in the store card arena only get the ones you will actually use. Good luck

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+1 I started my rebuild 3 3/4 years ago and have a $25k net income.