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Community Leader
Senior Contributor
Posts: 27,327
Registered: ‎02-07-2013
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Re: Higher limit cards?


QCTRAV wrote:
65 percent

To High when looking for large limits Pay down first

+ Chase ink =




Epic Contributor
Posts: 25,227
Registered: ‎10-23-2007
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Re: Higher limit cards?


myjourney wrote:

QCTRAV wrote:
65 percent

To High when looking for large limits Pay down first


apply for the Duck or Beaver Card... hope you get approved for $15k and BT all this debt to 1 place to bring that util WAY DOWN!

Fico Scores: EQ- 670., TU 710 Sync, EX 728 SoFi(05/04/15)
I'm just trying to catch up to RON1
95 Cards and Counting Smiley Tongue
Valued Member
Posts: 38
Registered: ‎03-22-2012
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Re: Higher limit cards?

What is the duck or bever card
Starting Fico Score 589 Current 640

QSO $2000 ; Cap 1 Secured $300 ; First Premiere Secured ; $300 ; Piedmont Advantage CU CC $1000 ; Barclay s Rewards $1000 ; Chase Amazon Visa $500



In the Garden 5/14 until 5/15
Epic Contributor
Posts: 25,227
Registered: ‎10-23-2007
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Re: Higher limit cards?

oregon duck card or beaver card... if you google you will find link....

it's a credit union that offers these 2 cards to people outside of oregon and you don't need to joint the credit union and MANY have been applying for last 2 or so weeks on board and getting approvals for $15, $20, and $25k pretty simply.

 

My partner just got approved for $15k tue.

Fico Scores: EQ- 670., TU 710 Sync, EX 728 SoFi(05/04/15)
I'm just trying to catch up to RON1
95 Cards and Counting Smiley Tongue
Valued Contributor
Posts: 1,578
Registered: ‎03-24-2013
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Re: Higher limit cards?

You need to get that util down as low as possible before applying
CHASE FREEDOM | AMEX BCE | | BOFA REWARDS | CITI TYP | Quicksilver | DISCOVER IT | Sallie Mae | CHASE CSP
--------$32,000-------------$30,000-----------$30,000-----------$30,000-----$10,000---------$10,750----------$5,000---------$6,500----

FICO - TU: 780 EX: 784 EQ: 761
Moderator
Posts: 27,207
Registered: ‎09-13-2012
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Re: Higher limit cards?

Credit score alone will not grant an approval. With your current util, be prepared for 1. Denial 2. low CL or 3. high APR.
Senior Contributor
Posts: 10,080
Registered: ‎09-24-2013
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Re: Higher limit cards?

65% utilization is way to high, I would recommend your friend pay down  his credit cards to at least 10% . IMO, banks might think giving higher limits with that much util is risky.

.
Valued Contributor
Posts: 5,047
Registered: ‎06-05-2013
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Re: Higher limit cards?

[ Edited ]

09Lexie wrote:
Credit score alone will not grant an approval. With your current util, be prepared for 1. Denial 2. low CL or 3. high APR.

^ This.  It's never about just one single factor such as score.  There are no simple and direct relationships such as "X score = Y credit limit".

 

I'm essentiially repeating what Lexie's saying but it can't be emphasized enough.  One can certainly get approvals with high utilization but the terms will not be favorable.  With high utilization Chase would only approve me for a Slate with a $2K limit and the highest APR in the bracket.  Once I dropped my utilization (no other changes aside from ~6 months time) I was able to get cards from Chase with $25K limits and my APR's were at the bottoms of the brackets.  Not saying your friend's credit and situation could support these limits and APR's but just providing that as an example of how limiting high utilization can be.

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Regular Contributor
Posts: 227
Registered: ‎08-20-2010
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Re: Higher limit cards?


QCTRAV wrote:
My friend has a 715 score And is looking for the highest limit card he can get for the score... Any ideas?

 


QCTRAV wrote:
65 percent

 

They say util has no history. Imagine you can get a short-term loan to zero your cards. Your score is likely to increase considerably. You apply and get approved for some nice cards; one may come with 0% APR for a year. As months go by, you charge everyday stuff on this card and pay off your loan during the first half year, then focus on bringing down the card the second half year. Some discipline is needed of course.

 

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