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Regular Contributor
brcamacho
Posts: 181
Registered: ‎07-27-2012
0

High CL good for raising other Limits?

I just got my first real big CL, and i was curious if that will change the way other lenders view me for either starting limits on new cards or CLI on exsiting ones?

 

Thanks

TU-688 5/14 (WM TU) | EX-692 on 2/14 (FNBO EX) | EQ-666 on 01/13

NFCU GoRewards $25k | NavChek $15k | Chase Slate 7.5k
Barclays Rewards $3.4k | FNBO MC $2.3K | Cap1 Plat $1.9k
Cap1 Quicksilver $1.7k | Wmt Discover $4.5k | Amazon Store Card $3k Care Credit $3.5k | Kohls $300 | Victoria's Secret $500
Cap1 Quicksilver $2k | Barclays Apple Visa $600

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Valued Contributor
user5387
Posts: 1,794
Registered: ‎07-01-2010
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Re: High CL good for raising other Limits?

There's an old saying -- "higher limits beget higher limits".

 

You can also use this in a recon situation, asking a creditor to match another limit.

 

Mega Contributor
coldnmn
Posts: 14,002
Registered: ‎08-08-2011
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Re: High CL good for raising other Limits?

It worked for me but looking at your limits on your FNCU cards I wouldn't hold my breath of matching limits on them for quite some time. But I've been wrong before. Good Luck on whatever happens.

My Wallet /US Bank Cash+ Signature $10,000/ Ace US Bank Signature $10,000 / Sam's Mastercard $8000
/ Walmart Mastercard $8000 / Discover IT $5000 / Care Credit $5000
/ Husqvarna $5000 / PayPal SmartConnect $4800 / Cap1 Quicksilver $4000 / Barclay Ring $3550
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Regular Contributor
brcamacho
Posts: 181
Registered: ‎07-27-2012
0

Re: High CL good for raising other Limits?

Yeah im not asking anyone for anything else anytime soon.  Im heading to the garden.  But I didnt know if My NFCU limts would come into play if a lender wanted to auto CLI me.

TU-688 5/14 (WM TU) | EX-692 on 2/14 (FNBO EX) | EQ-666 on 01/13

NFCU GoRewards $25k | NavChek $15k | Chase Slate 7.5k
Barclays Rewards $3.4k | FNBO MC $2.3K | Cap1 Plat $1.9k
Cap1 Quicksilver $1.7k | Wmt Discover $4.5k | Amazon Store Card $3k Care Credit $3.5k | Kohls $300 | Victoria's Secret $500
Cap1 Quicksilver $2k | Barclays Apple Visa $600

Valued Contributor
lg8302ch
Posts: 2,787
Registered: ‎11-13-2012
0

Re: High CL good for raising other Limits?

It worked for me. But it could now become a problem because total available credit exceeds yearly income :smileysad: ...not sure how this will play a role...we will see on future apps or CLIs.....biggest challenge for me is Discover..LOL
FICO® EQ 788 (as of today) - TU 767 (09/28) * Fako EX 789 (09/02 - CS) * last app 06/01/14 * INQ last 2 yrs TU: 5, EX: 7, EQ: 7


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Mega Contributor
coldnmn
Posts: 14,002
Registered: ‎08-08-2011
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Re: High CL good for raising other Limits?

It should definitely help a lot, showing you can manage those kind of limits. Congrats on having those limits by the way. 

My Wallet /US Bank Cash+ Signature $10,000/ Ace US Bank Signature $10,000 / Sam's Mastercard $8000
/ Walmart Mastercard $8000 / Discover IT $5000 / Care Credit $5000
/ Husqvarna $5000 / PayPal SmartConnect $4800 / Cap1 Quicksilver $4000 / Barclay Ring $3550
Last App 8/12/14 /

Regular Contributor
brcamacho
Posts: 181
Registered: ‎07-27-2012
0

Re: High CL good for raising other Limits?

Thanks, its been a long road back.  But this forum has helped so much.  

 

2 years ago I was around a 600 fico average with a low limit limit HSBC and Orchard card.

 

Needless to say I was shocked at what NFCU approved me for.  I was hoping for a 5k card and I would have been super happy with that. 

TU-688 5/14 (WM TU) | EX-692 on 2/14 (FNBO EX) | EQ-666 on 01/13

NFCU GoRewards $25k | NavChek $15k | Chase Slate 7.5k
Barclays Rewards $3.4k | FNBO MC $2.3K | Cap1 Plat $1.9k
Cap1 Quicksilver $1.7k | Wmt Discover $4.5k | Amazon Store Card $3k Care Credit $3.5k | Kohls $300 | Victoria's Secret $500
Cap1 Quicksilver $2k | Barclays Apple Visa $600


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