How do you go from say 5k to 10k limits?

[Nocturnal]

My highest limit right now is the Paypal MC which is at $6000.00.  I asked for $10,000.00 the last time I called but was granted a $1000.00 increase up from $5000.00.  I have a Chase Freedom and Capital One Quicksilver, $5500 and then $5000 respectively.  I believe my credit to debt ratio is around 20%.  Fico through Discover and WalMart showing as 702.

[grinlikechelsea]

Just steady on time payment history and usage I would say. As long as your overall credit profile looks good, you'll be bound to have a 10,000 limit soon enough. It took me awhile to get there.

[Nocturnal]

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@grinlikechelsea wrote:

Just steady on time payment history and usage I would say. As long as your overall credit profile looks good, you'll be bound to have a 10,000 limit soon enough. It took me awhile to get there.

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Thank you, good to know!

[NRB525]

Do you have an AMEX revolver yet, such as the no AF Every Day or Blue Cash ED? Regardless of initial CL, with the 3X CLI program, you will be able to get the card to $10k+ in a matter of a year, outside. Start at $1k, for example, goes to $3k in 61 days, then $9k 181 days after that. If you get $2k (not unreasonable if you have 700+ scores and already at $5k with others) then $2k - $6k - $18k. You get the idea.

[csryang]

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@Nocturnal wrote:

My highest limit right now is the Paypal MC which is at $6000.00.  I asked for $10,000.00 the last time I called but was granted a $1000.00 increase up from $5000.00.  I have a Chase Freedom and Capital One Quicksilver, $5500 and then $5000 respectively.  I believe my credit to debt ratio is around 20%.  Fico through Discover and WalMart showing as 702.

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In general, it depends on your income and overall credit profile/spending pattern etc. 

And then each lender is different. Some offer periodic soft pull credit limit increase (CLI) and some dont. Cards from credit unions usually have higher CL. Amex can easily reach 10k+ from their 3X CLI method. 

[Nocturnal]

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@NRB525 wrote:

Do you have an AMEX revolver yet, such as the no AF Every Day or Blue Cash ED? Regardless of initial CL, with the 3X CLI program, you will be able to get the card to $10k+ in a matter of a year, outside. Start at $1k, for example, goes to $3k in 61 days, then $9k 181 days after that. If you get $2k (not unreasonable if you have 700+ scores and already at $5k with others) then $2k - $6k - $18k. You get the idea.

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I have two of their business cards.  I have the Costco business card and an Open Gold card which isn't a credit card but a charge card.  I got the Costco card in December and I attempted to do the 3x CLI about 3-4 days ago and got the 7-10 mail notice.

[Anonymous]

Stop applying to cards and let your profile build up.  After a long break from apps, your new application will be approved for a significantly bigger CL.

[Anonymous]

I literally applied for a Capital One QuickSilver about 20 mins ago.

I used their Pre-Qualification tool, got offered the card with 14% APR.

My credit card FICO score stands at 715.

When I filled the information it asked me about my income, and how much I would spend monthly with the credit card.

Got instantly approved with a 10k CL.

I'm sure income and score of 700+ and spending pattern will get you a 10k CL eventually.

[Nocturnal]

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@Anonymous wrote:

Stop applying to cards and let your profile build up.  After a long break from apps, your new application will be approved for a significantly bigger CL.

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Back to the garden I shall go.

[Nocturnal]

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@Anonymous wrote:

I literally applied for a Capital One QuickSilver about 20 mins ago.

I used their Pre-Qualification tool, got offered the card with 14% APR.

My credit card FICO score stands at 715.

When I filled the information it asked me about my income, and how much I would spend monthly with the credit card.

Got instantly approved with a 10k CL.

I'm sure income and score of 700+ and spending pattern will get you a 10k CL eventually.

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Out of curiosity what did you put your spend amount at and what is your income? If you don't mind...