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Established Contributor
Posts: 710
Registered: ‎06-01-2012
0

Is the credit line match really true?

I want to grow my current cards now that I have them. In November Im eligible for a CLI with charter one. My question is, do they really tend to match/beat the other credit lines you have to get your business?

 

If so, should I put another $500 on my PNC secured in hopes they beat that limit to get me over the 1k mark? Suggestions?

In my wallet: GCU Patinum Visa 1500 CL, Charter One Platinum Rewards 500 CL, Chase Freedom 800 CL, Wal Mart Discover Card 6300 CL, Kay Jewelers 3000 CL
Valued Contributor
Posts: 1,954
Registered: ‎01-24-2012
0

Re: Is the credit line match really true?

This differs based on a lot of information. American Express gave me five times the highest limit I had at the time. PNC gave me twice the highest limit. Discover saw American Express reporting and only gave $1000. If you have good history with a lender, and a good report, they should have no problem giving you above 1000 if your income supports it.

Established Contributor
Posts: 923
Registered: ‎06-12-2012
0

Re: Is the credit line match really true?

It seems that Chase is the only one who is concerned with passing out $5k visa siggy's without prior experience.

JP Morgan Select $10k | CSP $10k | Citi TY Premier $15k | BofA 3-2-1 $15k | Chase Freedom $10k | Discover IT $10k | Barclaycard $15k | AMEX SPG $5k | AMEX PRG NPSL | NASA Platinum-Advantage $10k | CapOne Quicksilver $3k | Walmart Card $5k | Amazon Card $10k | Chase Auto 1.49% | Joined myFICO 6/12 with a 540 FICO & today I'm over 750!
Senior Contributor
Posts: 3,197
Registered: ‎01-24-2010
0

Re: Is the credit line match really true?


jcstarkey8826 wrote:

I want to grow my current cards now that I have them. In November Im eligible for a CLI with charter one. My question is, do they really tend to match/beat the other credit lines you have to get your business?

 

If so, should I put another $500 on my PNC secured in hopes they beat that limit to get me over the 1k mark? Suggestions?


In my case, it worked 1/2 the time.    IMO, it can only help but other factors are also involved..

 

Established Contributor
Posts: 710
Registered: ‎06-01-2012
0

Re: Is the credit line match really true?

Ok. My income is nothing to brag about, but I dont have to stress about money so hopefully that wouldnt keep me from getting over 1k. I might try it and see. Whats the harm I guess?

 

I wanted to try for a discover motiva, but I had a CO from 2008 (paid) and I dont think they will be willing to extend me credit. My GF just got a 1k limit with them on her first credit card, but Im just wanting out of 500CL land!!!! haha Im almost there and I can feel it :smileywink:

In my wallet: GCU Patinum Visa 1500 CL, Charter One Platinum Rewards 500 CL, Chase Freedom 800 CL, Wal Mart Discover Card 6300 CL, Kay Jewelers 3000 CL
Senior Contributor
Posts: 3,318
Registered: ‎05-05-2011
0

Re: Is the credit line match really true?

It definitely helps, but doesn't guarantee it. When I was in the hundreds, Barclays was the first to give me 4 digits with $2200. But then no one wanted to go past the $2k mark. Finally, after waiting, I was able to CLI my smaller cards (except for cap one!) and broke thru to higher CLs. 

 

Some people have posted about going from a smaller <$1k CL to 4 or even 5 digits, but usually with a CU or USAA.

 

It does help for new CCs to see that you're managing higher CLs and also have the use for those limits.

 

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EQ FICO 750 | TU FICO 761 (Walmart) | EX FAKO 767 | Goal: 800+

Edits, funky spacing and spelling due to my iPad not getting along with the forum editor!

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