High CL members

[QAMngrGirl]

Do you actually use those limits? Say the 10K+ members? 

[jsickz32]

I have 2 card in the 10k+ so do i qualify? If so i dont even use half of that

[Rhaeny]

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@jsickz32 wrote:
I have 2 card in the 10k+ so do i qualify? If so i dont even use half of that

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Yea you might not use it but it sure does help out with util 

Can't wait till I get my first 5 digit CL!!  But I'm real close...LOL

[Jatindrj]

Mine is 13,900. Got it 3-4 months ago with a 11,200 limit. I only put a couple hundred through every month and it really helps my util.

[bs6054]

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@Rhaeny wrote:

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@jsickz32 wrote:
I have 2 card in the 10k+ so do i qualify? If so i dont even use half of that

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Yea you might not use it but it sure does help out with util 

Can't wait till I get my first 5 digit CL!!  But I'm real close...LOL

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Well, that's true but only up to a point, eventually more credit doesn't really impact util significantly.   I have about 180K in CL, and my current balance is about $250, though it has been maybe 5K at some point.  I doubt if losing 30K of credit would change the score much at that low rate of utilization.

So why multiple HL cards?  What happens is once you have sufficient credit, you apply for a card you want for particular rewards, say in my case BCP and US Bank Cash Plus and you get another card with a 10K+ limit,  whether you need a high limit or not.   Another example of it's easy to get credit when you don't need it, much harder when you do.

The exceptions for me are the Citi Forward and Barclays Rewards, which gave me lower limits, don't know why.

[jsickz32]

It helps with utl but i also keep low utl. Total cc debt is 235 and its because my little brother is a AU on my card.

[Duncanrr]

yes. I use it. I have 25k CL on NFCU and I have 11k on it. I just paid 3k before statement cuts. I'll pay off in 3 months. (damn repairs are expensive)

[Rhaeny]

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@bs6054 wrote:

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@Rhaeny wrote:

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@jsickz32 wrote:
I have 2 card in the 10k+ so do i qualify? If so i dont even use half of that

---

Yea you might not use it but it sure does help out with util 

Can't wait till I get my first 5 digit CL!!  But I'm real close...LOL

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Well, that's true but only up to a point, eventually more credit doesn't really impact util significantly.   I have about 180K in CL, and my current balance is about $250, though it has been maybe 5K at some point.  I doubt if losing 30K of credit would change the score much at that low rate of utilization.

So why multiple HL cards?  What happens is once you have sufficient credit, you apply for a card you want for particular rewards, say in my case BCP and US Bank Cash Plus and you get another card with a 10K+ limit,  whether you need a high limit or not.   Another example of it's easy to get credit when you don't need it, much harder when you do.

The exceptions for me are the Citi Forward and Barclays Rewards, which gave me lower limits, don't know why.

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Yea I don't think $30K would hurt that $180K at all....it'd be nice if I ever had the opportunity to try it though 

With these HL's are you ever denied for having excess credit?  

[bs6054]

I haven't been denied for excess credit, but I haven't been a heavy apper, 6 in 2012 is a record for me, and I also closed 5 cards in the last 18 months.

[Rhaeny]

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@bs6054 wrote:

I haven't been denied for excess credit, but I haven't been a heavy apper, 6 in 2012 is a record for me, and I also closed 5 cards in the last 18 months.

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6 apps?  Yea you're light weight compared to what I did in 2012...LOL!!  I went absolutely nuts so I have to lay low for a loooooong time and just tend to what I have.

But as for you, well I surmise when you already have all of the CC's that many people want then there's not really much more to go for...except for maybe the prestige (and heavy fees) of the palladium!  Or do you already have that too?!