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High CL good for raising other Limits?

Regular Contributor

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

Message 1 of 7
6 REPLIES
Valued Contributor

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.

 

Message 2 of 7
Mega Contributor

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.

Discover IT $17k / US Bank Ace (VSig) $13.5K / US Bank Cash+ (VSig) $13.5k
Sam's Mastercard $13.5k / Walmart Mastercard $10k / Blispay $7.5k PayPal Ex MC $6.1k
CareCredit 5k / Husq $5k / Cap1 QS $4.5k / Barclay Ring $4.85k / Citi DC (WMC) $7.1k
Gardening Date 7/01/16 / MyFico 08: EQ 801 / TU 777 / EX 771 / 06/08/17
Message 3 of 7
Regular Contributor

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

Message 4 of 7
Senior Contributor

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 Smiley Sad ...not sure how this will play a role...we will see on future apps or CLIs.....biggest challenge for me is Discover..LOL
Move the mouse over the cards for detailed view!
....Last HP 01 NOV 2016...............
Message 5 of 7
Mega Contributor

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. 

Discover IT $17k / US Bank Ace (VSig) $13.5K / US Bank Cash+ (VSig) $13.5k
Sam's Mastercard $13.5k / Walmart Mastercard $10k / Blispay $7.5k PayPal Ex MC $6.1k
CareCredit 5k / Husq $5k / Cap1 QS $4.5k / Barclay Ring $4.85k / Citi DC (WMC) $7.1k
Gardening Date 7/01/16 / MyFico 08: EQ 801 / TU 777 / EX 771 / 06/08/17
Message 6 of 7
Regular Contributor

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

Message 7 of 7