I would like to take a survey on credit lines.
What is the highest credit line you or someone you know has on a credit card and with what bank or credit union? This doesn't include the "no pre-set spending limit" cards.
Currently, I have $12,500 on my Bank of America / Amex Accelerated Rewards card. This may change after today's PenFed app, we'll see since it's still pending. The rep said the computer is suggesting 20K but they need to verify some things first.
Citi Dividend at 25k, but have had since 1985, Citi Drivers Edge at 12.6k, Discover at 8.9k, Cap One at 10.6k, and Barclays at 6k (no auto cli in 2 yrs)
$27K on USAA MC. Thinking of closing my USAA AmEx and combining them (if they let me), which would be $37K.
Next one down is PenFed Plat Visa at $20.3K, then a BofA at $18K.
How much of our CL do we need to use to not get CLD? BofA ? Discover ? Citi ? Amex ?
I can only speak for myself.
BoA $11,000 CL I auto pay my gas bill on this one; never more than about $50 a month. I've done this for several years.
$8,300 CL I auto pay my XM radio account at $16 a month also for several years.
Citi $6,500 CL Cable bill for about $66 a month.
Cap 1 $4,000 CL Water bill each month $50+
Discover $13,300 CL This is the only one I run alot of charges through each month.
As you can see I don't use very much of my CL's at all and don't plan to in the future. If that ever results in a CLD I guess I'll live with that.
From a BK years ago to:
EX - 9/09 pulled by lender 802
EQ - 7/06-663, 3/10-800
TU - 8/10-772
You can do the same thing with hard work