HELP WITH MY LOW CREDIT CARD LIMITS............................

[naptime]

Dustink thanks for the strategy seems like a good idea I will use my revolvers more. I don't care what anybody says lenders look at your current limits when issuing new credit. And they base the limit they are going to give you in part off that. 

[naptime]

09Lexie thanks for the #

[naptime]

Just an Update on my progress. I emailed the C.E.O of Capital one late Sunday and received a "call back" today (Monday) at around 12Pm. They are manually reviewing both the Platinum mastercard- (which they switched to a quicksilver cash rewards card) and the Venture one card that I just got for CLI. I told the rep that I would like $10,000 limits on both the cards. She informed me that the manual review will be done by this Friday and that she would personally call me back with the results. I also called credit solutions and got them to raise my paypal mastercard to $10,000 and my Jcp store card to $6,000. I also got my Bank of America platinum visa converted to an un secured  visa signature cash rewards card  with a $2,000 limit. Thanks to all who gave advice on my situation. I appreciate the help. I will keep you guys posted on the results.

[WillF360]

Wow, 2 10,000 Cards, awesome.  Congratulations! This forum is full of great advice.

[myjourney]

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@naptime wrote:

Just an Update on my progress. I emailed the C.E.O of Capital one late Sunday and received a "call back" today (Monday) at around 12Pm. They are manually reviewing both the Platinum mastercard- (which they switched to a quicksilver cash rewards card) and the Venture one card that I just got for CLI. I told the rep that I would like $10,000 limits on both the cards. She informed me that the manual review will be done by this Friday and that she would personally call me back with the results. I also called credit solutions and got them to raise my paypal mastercard to $10,000 and my Jcp store card to $6,000. I also got my Bank of America platinum visa converted to an un secured  visa signature cash rewards card  with a $2,000 limit. Thanks to all who gave advice on my situation. I appreciate the help. I will keep you guys posted on the results.

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Congrats on the CLI's and good luck with cap1

[SnackTrader]

Congratulations! You are well on your way. When you are ready to come out of the Garden (better not be soon!!!), you will find yourself in a much different situation.

[navyox]

Sounds like you are off to a great start, congrats!

[navigatethis12]

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@naptime wrote:

I don't care what anybody says lenders look at your current limits when issuing new credit. And they base the limit they are going to give you in part off that. 

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Many people, including myself, have personal experience of this not being true. I have lenders that give limits way higher than anyone else(individual and combined) and lenders who start out low compared to other cards. It just depends on what they feel you need and no one knows how they do that.

[hot4u]

Congrats on all the CLI

[Odiseous]

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@Dustink wrote:

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@naptime wrote:

 Dustink I use all my cards and PIF every month

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My strategy was focusing spending with one lender. Getting that lender to give me higher limits. Then others followed suit.

In my case it was US Bank who first gave me high limits.

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+1

I used the AmEx 3x rule, to pump up my AmEx revolver. Once it reported 10k+ (counter-offer), BofA was quick to follow suit with a 5x CLI to 10k (both started out at 2k).