Higher Credit Lines

Anonymous · ‎12-30-2016

I currently have 4 credit cards ALL with limits UNDER $800. I recently requested a CLI from Capital One and was approved for an additional $150....any tips or recommendations on #1 how to get higher limits?

Current Cards:

Care Credit - $800 -

Capital One Quick Silver = $650

Capital One Secured turned Platinum - $500

Finger Hut - $250

Credit Union Line of Credit - $1500

Anonymous · ‎12-30-2016

how old are the cap one cards?

NRB525 · ‎12-30-2016

OP, your scores indicate you have a baddie or two? Echoing the question, how old are the Cap One cards? If they are of a certain age, and your history with Cap One is good, it might be time to consider a new app for a Quicksilver no-AF card.

High Bal Jan 2009 $116k on $146k limits 80% Util.
Oct 2014 $46k on $127k 36% util EQ 722 TU 727 EX 727
April 2018 $18k on $344k 5% util EQ 806 TU 810 EX 812
Jan 2019 $7.6k on $360k EQ 832 TU 839 EX 831
March 2021 $33k on $312k EQ 796 TU 798 EX 801
May 2021 Paid all Installments and Mortgages, one new Mortgage EQ 761 TY 774 EX 777
April 2022 EQ=811 TU=807 EX=805 - TU VS 3.0 765

Anonymous · ‎12-30-2016

I have a Quicksilver card.

cards have been open since January 2015 (quick silver) & December 2014

Anonymous · ‎12-30-2016

and yes...i have a few slow pays that i'm trying to get cleaned up.

fltireguy · ‎12-30-2016

@Anonymous wrote:
and yes...i have a few slow pays that i'm trying to get cleaned up.

Just to clarify, how old are the lates?

NFCU $60.4k/PenFed $22.5k/Commerce $15K/53 $11K/Synovus $14K/BBT $11K/CapOne $12K/DCU $7.5K/BMO $7.5K/Chase $14.5k/Cabelas $10K/ and many many more!
Total CL $398600, plus car and RV loan.
Ooh. Ooh. Getting closer to that $500K mark!

Anonymous · ‎12-30-2016

10 months

bourgogne · ‎12-30-2016

@Anonymous wrote:
10 months

dont app for anything else. focus your spend just on the cap1, forget the rest. spend to the max and pif over and over. cli every 6 months. the bads are a big deal in your case, they might hold you back for some time but you still might be able to advance your cl on the c1 in time. don't app until your scores are closer to 700x3 - you dont need any more low cl cards and never be late. ever. good luck, happy new year

manyquestions · ‎12-30-2016

@Anonymous wrote:
10 months

That's very recent. i wouldn't apply for anything else until your scores get above 650. You might want to go through the process of joining NFCU and being ready to apply when your scores are a bit higher. NFCU tends to give decent limits to people with lower scores. There are large threads about NFCU and how anyone can join. Lots to read.

Anonymous · ‎12-30-2016

You can combine your CapOne cards into the QS and close the Platinum-then in 6 mo you ask for a CLI on your one card and you could then app for a new CapOne and do it all over again-combine & close

Other than that-don't app for cards for at least 6 mo. Use your cards wisely and PIF each month. Work on removing your bad marks. Once your FICO gets above 675-700.... then all for a card or two that you want and would use.

Eventually-as long as your income can support it-they will increase your limits and as your FICO grows-your initial limits on new cards will be much higher.

Once you get on higher limit they all seem to fall in line.