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New Contributor
acleynes
Posts: 66
Registered: ‎10-30-2011

Re: GECRB has no max limit!!!

To the original poster, I am really impressed you have so much credit available for a person with a FICO score in the mid to high 600 range.

 

However, I can't help but feel that having so many different credit cards with such high limits, actually makes you look less favorable to a mortgage lender.

 

I know you use less than 1% of your total available credit, but the potential exist for you to spend more in one month than what you might make in an entire year.

 

If I was a lender, that would terrify me.

 

Also, I hope most of your cards don't have any annual fees. 

 

 


Starting Score: TU 749 02/02/2014
Current Score: TU 749 02/02/2014
Goal Score: 850


Senior Contributor
youngandcreditwrthy
Posts: 5,992
Registered: ‎08-16-2012

Re: GECRB has no max limit!!!

Thanks...
But hhi is $140k + (don't care to hear others' take on using hhi on app!)

I have no plans to get a mortgage any time soon; that'd be a real drag on my finances! Heh

And only one card has an AF... Ironically..my lowest limit as well...
Orchard Bank Gold with a $39 AF- got them to halve it this year! Lol so $19.50 for more than $100k of avail cred! Haha:-)

Keep in mind, I pay prob $2k-4k payments each month... My min pmts may add up to $500 at the most. I run all of my expenses through my prime accounts...and I do revolve some balances, only 0%-3.99% aprs. The GE cards stay pif mostly! Great for util!
Marriott PR$25k | BCE $24.5K |BankAmericard Visa $25k| Wmt Discover $12.5k | BR Visa $12.5k | CSP $10k | Amex Delta Gold $10k | Discover IT $10k | Paypal Extras MC $15k | Amazon Store $10k|Arrival $12.7k | Smile Gen $7.25k | Dillard's $5k | Express $3.05K | Myponts.com Visa $3.5k | Freedom Visa $1k| Amex Surpass $1k
Regular Contributor
culture
Posts: 195
Registered: ‎02-27-2013

Re: GECRB has no max limit!!!

OP:

 

did you used the number listed in the backdoor thread? 

 

I'm looking for those GE numbers since I have a Banana Rep  card and wanted to get a CLI by calling and not online 

 

 

 

 

Senior Contributor
youngandcreditwrthy
Posts: 5,992
Registered: ‎08-16-2012

Re: GECRB has no max limit!!!

Yeah, I used the one from here..
There are two actually:
One ends in 8173
One ends in 4936

Ive only used the 4936 one.
Marriott PR$25k | BCE $24.5K |BankAmericard Visa $25k| Wmt Discover $12.5k | BR Visa $12.5k | CSP $10k | Amex Delta Gold $10k | Discover IT $10k | Paypal Extras MC $15k | Amazon Store $10k|Arrival $12.7k | Smile Gen $7.25k | Dillard's $5k | Express $3.05K | Myponts.com Visa $3.5k | Freedom Visa $1k| Amex Surpass $1k
Regular Contributor
culture
Posts: 195
Registered: ‎02-27-2013

Re: GECRB has no max limit!!!

sorry to trouble so much but I cant find those numbers in the backdoor thread....

 

 

can you link me or post them 

 

thanks  

Senior Contributor
youngandcreditwrthy
Posts: 5,992
Registered: ‎08-16-2012

Re: GECRB has no max limit!!!

1877379-

8173
OR
4936

:-)
Marriott PR$25k | BCE $24.5K |BankAmericard Visa $25k| Wmt Discover $12.5k | BR Visa $12.5k | CSP $10k | Amex Delta Gold $10k | Discover IT $10k | Paypal Extras MC $15k | Amazon Store $10k|Arrival $12.7k | Smile Gen $7.25k | Dillard's $5k | Express $3.05K | Myponts.com Visa $3.5k | Freedom Visa $1k| Amex Surpass $1k
Valued Contributor
ryanbush
Posts: 1,292
Registered: ‎08-19-2012

Re: GECRB has no max limit!!!


acleynes wrote:

To the original poster, I am really impressed you have so much credit available for a person with a FICO score in the mid to high 600 range.

 

However, I can't help but feel that having so many different credit cards with such high limits, actually makes you look less favorable to a mortgage lender.

 

I know you use less than 1% of your total available credit, but the potential exist for you to spend more in one month than what you might make in an entire year.

 

If I was a lender, that would terrify me.

 

Also, I hope most of your cards don't have any annual fees. 

 

 


@young - He is right though...  I know you claim HHI on your apps but you stated in another thread a while back that you make around 70k if i remember accurately.  You could literally charge twice as much as you make in a year on credit cards...

 

I'm not going to be negative on what you're doing at all but I feel like you will have issues when it comes time for a mortgage...  until them swing away!!! lol

Chase Sapphire Perferred | Chase Freedom | AMEX Platinum | AMEX Delta Platinum | AMEX SPG | Capital One Venture | Capital One Quicksliver | Discover IT | ABFCU Visa | Citi AA WEMC
Senior Contributor
youngandcreditwrthy
Posts: 5,992
Registered: ‎08-16-2012

Re: GECRB has no max limit!!!

That's correct... lol Yeah, I know... But I also don't plan to obtain a mortgage soon lol not within ten years at least haha. I'd never charge that much though, ever!!! I don't even plan to get an auto loan any time within the next couple of years.
Marriott PR$25k | BCE $24.5K |BankAmericard Visa $25k| Wmt Discover $12.5k | BR Visa $12.5k | CSP $10k | Amex Delta Gold $10k | Discover IT $10k | Paypal Extras MC $15k | Amazon Store $10k|Arrival $12.7k | Smile Gen $7.25k | Dillard's $5k | Express $3.05K | Myponts.com Visa $3.5k | Freedom Visa $1k| Amex Surpass $1k
Valued Contributor
ryanbush
Posts: 1,292
Registered: ‎08-19-2012

Re: GECRB has no max limit!!!

I can't wait to see the look on the finance guys face when he sees your accounts the first time you get a car loan, he's going to be like what? this guy is really in his 20s? lol

Chase Sapphire Perferred | Chase Freedom | AMEX Platinum | AMEX Delta Platinum | AMEX SPG | Capital One Venture | Capital One Quicksliver | Discover IT | ABFCU Visa | Citi AA WEMC
Senior Contributor
youngandcreditwrthy
Posts: 5,992
Registered: ‎08-16-2012

Re: GECRB has no max limit!!!

That or they'll straight up deny me haha! I actually paid an auto loan in full but it was on my mom's credit :-/ not mine meh :-(
Marriott PR$25k | BCE $24.5K |BankAmericard Visa $25k| Wmt Discover $12.5k | BR Visa $12.5k | CSP $10k | Amex Delta Gold $10k | Discover IT $10k | Paypal Extras MC $15k | Amazon Store $10k|Arrival $12.7k | Smile Gen $7.25k | Dillard's $5k | Express $3.05K | Myponts.com Visa $3.5k | Freedom Visa $1k| Amex Surpass $1k

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