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How long did it take you to get your first 5 digit CL? Years? Months?
I've had a CC since 2011, highest CL is 5k so I am halfway there! Hopefully NASA can double my CL in 6 months, or I can get lucky with an initial AMEX CL in the months to come and go for the 3x CLI.
In total, nearly 2 years. That being said, I only had one card and did not care about building credit or getting limits until about 10 months ago. I went from 1k in limits to about 70k in that 10 months.
^Same here - after that first app spree got me nice cards I was over the $50k total revolving level things went up very quickly.
A little more than 1 year after opening a $300-->$500 Cap1 Credit Steps card I was approved for $1250 Barclaycard @ 620 TU.
@Desmoire wrote:How long did it take you to get your first 5 digit CL? Years? Months?
I've had a CC since 2011, highest CL is 5k so I am halfway there! Hopefully NASA can double my CL in 6 months, or I can get lucky with an initial AMEX CL in the months to come and go for the 3x CLI.
about 5 years... might of had it sooner but I was building a THICK file.
@jamesdwi wrote:
@Desmoire wrote:How long did it take you to get your first 5 digit CL? Years? Months?
I've had a CC since 2011, highest CL is 5k so I am halfway there! Hopefully NASA can double my CL in 6 months, or I can get lucky with an initial AMEX CL in the months to come and go for the 3x CLI.
about 5 years... might of had it sooner but I was building a THICK file.
Not quite as long for me 3 years ish here - also built up a thick file myself.
Coming up on three years and I still don't have a 5 digit CL: mine currently cap out at 9K.
For various reasons north of 10K has never been a goal of mine: 5K was my magic number as that was the Visa Siggy line which some products I wanted (a CSP at one point) didn't come lower than that. I'm fairly confident whenever I want to take the time and effort to put together two decent paystubs from my part-time employer I could get a 10K CL from a couple of the places I do business with, but it simply doesn't have much value for me on most of my cards: I'd like a larger CL on the Fidelity Amex for certain arbitrage plays, and I'd like to have a nice large low-APR limit for floating a balance if I ever need to (financial defense runway) but that probably comes whenever I finally close the DCU secured card and open their plain jane card as it has a very low rate and I have a good relationship with them.
Realistically speaking though, I put rewards first, and as such even my baby Chase Freedom at 1K is just fine for my needs: I can cap out the reward limits there no problem on their typical categories when it's something I'd use, without going over 1K in any given month. Think restaurants was the top when I reached $800 or whatever in a given month, and my BCP CL is mostly wasted other than large purchases now that don't fit on the Fidelity card.
I started my rebuilding journey about 2 years ago. Up until my recent NASA approval of $25,000 (Instant Approved, Funded, Card on it's way), my highest limit was $5 with my Chase Slate. Needless to say, I'm really excited about my first 5 digit CL.
From my first card ($500 limit), 14 months as of today. Went from a $500 Freedom with no established history this time last year to a $12k CSP as of today. Broke the 5k barrier back in March and again in May. $500 total credit to $31.3k. To be fair I did use a transfer MSD from overseas trick to get my AAoA up on my AMEXs though.
First card $300 Jan 2014, then Sep 23r $10k from NASA