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Valued Member
Posts: 54
Registered: ‎10-10-2012
0

Highest Limit GE Card to Start?

My friend has no inquiries on their transunion and so would be a good candidate for a GE card. Can anybody recommend a card that might start her with a very high limit? As an example: 3000 to 5000 or maybe even more than that?

 

Her stats are the following:

 

Fico: 734 (USAA pull)

Inquiries on Transunion which GE pulls (Zero)

Opened 3 credit cards in 9/2012 (2000/3000/6000 limits)

Oldest card: 5.6 years (5000 limit/zero balance)

Utilization: less than 20% approximately 16%

Highest balance/util on a card: $3000 card has a $1500 balance but the rest are below 20%

 

Cards she is considering:

 

Banana Republic Visa

Walmart Discover

Chevron Visa

Open to suggestions

 

She prefers a branded card but would take another card as long as it had a high limit for her utilization and to basically sock drawer it. She wants to establish a relationship with GE, get her UTIL up while having a good card that will give her a high balance and grow with her.

Mega Contributor
Posts: 15,436
Registered: ‎04-09-2011
0

Re: Highest Limit GE Card to Start?


HappySoda wrote:

My friend has no inquiries on their transunion and so would be a good candidate for a GE card. Can anybody recommend a card that might start her with a very high limit? As an example: 3000 to 5000 or maybe even more than that?

 

Her stats are the following:

 

Fico: 734 (USAA pull)

Inquiries on Transunion which GE pulls (Zero)

Opened 3 credit cards in 9/2012 (2000/3000/6000 limits)

Oldest card: 5.6 years (5000 limit/zero balance)

Utilization: less than 20% approximately 16%

Highest balance/util on a card: $3000 card has a $1500 balance but the rest are below 20%

 

Cards she is considering:

 

Banana Republic Visa

Walmart Discover

Chevron Visa

Open to suggestions

 

She prefers a branded card but would take another card as long as it had a high limit for her utilization and to basically sock drawer it. She wants to establish a relationship with GE, get her UTIL up while having a good card that will give her a high balance and grow with her.


Lowes / Walmart / Amazon are the cards that usually give high CL's at account opening with good scores.

 




Silver Spade Garden Club Member - Last App 12/16/13 - Looking for a clean slate NO INQ's / Diamond Inspired!
Starting Score:
EX (PLUS) 583 EQ FICO 565 TU FICO 590 3/15/2011 / Goal Scores: 720
Current Score: EX FICO (PSECU) 671 (myFICO) N/A / EQ FICO 679 / TU08 FICO 678 / TU VS 706 3/6/2014
Moderator
Posts: 26,777
Registered: ‎09-13-2012
0

Re: Highest Limit GE Card to Start?

PayPal MasterCard gave me my highest initial CL. At the time, I had JCP, Walmart and Chevron. 

YMMV

Valued Member
Posts: 50
Registered: ‎09-20-2012
0

Re: Highest Limit GE Card to Start?

Get the Wal-Mart discover.
She should get her Util below 10% or even lower for best result (ie. 2%).  This will raise her fico so getting a limit in the range you specified might be possible.
But the card will grow fast either way so it doesn't matter that much.
Senior Contributor
Posts: 3,769
Registered: ‎10-02-2012
0

Re: Highest Limit GE Card to Start?

Id say Pay Pal extras mastercard some get an istant approval of $3k. Banana Rebublic VISA is an iffy one as well as Chevron but her credit looks good enough to get a good starting CL, My dad had more UTL than your friend and got an instant approval of $2,250 on chevron VISA. It all varies.

Mega Contributor
Posts: 15,436
Registered: ‎04-09-2011
0

Re: Highest Limit GE Card to Start?

Sams Club Discover is also a good one.



Silver Spade Garden Club Member - Last App 12/16/13 - Looking for a clean slate NO INQ's / Diamond Inspired!
Starting Score:
EX (PLUS) 583 EQ FICO 565 TU FICO 590 3/15/2011 / Goal Scores: 720
Current Score: EX FICO (PSECU) 671 (myFICO) N/A / EQ FICO 679 / TU08 FICO 678 / TU VS 706 3/6/2014

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