Reply
Highlighted
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: 15,442
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: 27,207
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: 3,915
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.

$300$300
(EQ FICO ---) (EX FICO ---) (TU FICO ---) Gardening Since 07/05/15 For All 3 Credit Bureaus
(EQ Inquiries --) (EX inquiries --) (TU Inquiries --)
Mega Contributor
Posts: 15,442
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
Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
† Credit cards for FICO Score ranges: The score ranges are guidelines based on actual applicant approvals and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.