Need help to obtain a high limit Visa or Mastercard

[Razb0yn1k23]

Penfed looks pretty good. I need to deposit some money for a savings account. If i deposit a couple thousand will they give a higher limit or that doesnt really matter. Hoping to get $20k plus. 

[NRB525]

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@Razb0yn1k23 wrote:

Penfed looks pretty good. I need to deposit some money for a savings account. If i deposit a couple thousand will they give a higher limit or that doesnt really matter. Hoping to get $20k plus. 

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PenFed is a careful granter of credit. They denied me a regular CC due to my utilization, so I went with a secured card from them for now, while I pay down my utilization. With your scores, and presuming your utilization is not like mine, you probably will be OK.

Whether you get $20k as a starter, I can't say.

With your goal "Low APR + High Limit" I suggest PenFed because it starts at, has the possibility for the lower APR. That seems to be the difficult part of most CC apps. There's plenty of cards that will grant a high limit... with a huge AF and high APR, but you want low APR, so you need to start with that and see where the CL lands. With experience / payment history with that lender you can probably grow the CL.

Or you may get $20k off the bat. YMMV

[Anonymous]

Capital One gave me my highest limit out the gate, worth the triple pull IMO (even if I'm planning on putting it in the sock drawer). Barclay gave me a decent CL,  and they were very receptive to recon CLI

[Anonymous]

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@Anonymous wrote:

Capital One gave me my highest limit out the gate, worth the triple pull IMO (even if I'm planning on putting it in the sock drawer). Barclay gave me a decent CL,  and they were very receptive to recon CLI

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FICO's?

[longtimelurker]

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@Anonymous wrote:

Capital One gave me my highest limit out the gate, worth the triple pull IMO (even if I'm planning on putting it in the sock drawer). Barclay gave me a decent CL,  and they were very receptive to recon CLI

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Yes, it really varies with too many factors.   My highest initial CLs (all $30K) have been Cap One and Citi (neither of which most people would suggest for this) and most recently NASA, but the feeling here is that high limits from them have stopped.    People also got good limits from Dinfer Club, but not taking apps at present.

And unlike HappyCamper123, Barclays has twice given me my lowest limit by far

[Anonymous]

From what I've heard Navy Federal credit union gives obscene credit limits. I am not eligible to join so I dunno

PenFed gave me a 5k limit when I had an under 2 year credit history, so you might get over 10k with them. Just make sure your EQ report is spotless when you apply, no INQs in the last 6 months. preferably no EQ INQs at all for highest limit

[Anonymous]

How fast do you need the credit? If you can wait 2 months you can app for an Amex card now and then do the 3x CLI after 60 days...

[longtimelurker]

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@Anonymous wrote:
How fast do you need the credit? If you can wait 2 months you can app for an Amex card now and then do the 3x CLI after 60 days...

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But even with a 3x CLI, it won't be a Visa or MC!

[Anonymous]

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@longtimelurker wrote:

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@Anonymous wrote:

Capital One gave me my highest limit out the gate, worth the triple pull IMO (even if I'm planning on putting it in the sock drawer). Barclay gave me a decent CL,  and they were very receptive to recon CLI

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Yes, it really varies with too many factors.   My highest initial CLs (all $30K) have been Cap One and Citi (neither of which most people would suggest for this) and most recently NASA, but the feeling here is that high limits from them have stopped.    People also got good limits from Dinfer Club, but not taking apps at present.

And unlike HappyCamper123, Barclays has twice given me my lowest limit by far

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I got my Q'S card last month, but YMMV.

As far as BarclayBatheyy initially gave me my lowest limit (5k) but doubled it in my recon call. Again, YMMV.

[longtimelurker]

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@Anonymous wrote:

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@longtimelurker wrote:

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@Anonymous wrote:

Capital One gave me my highest limit out the gate, worth the triple pull IMO (even if I'm planning on putting it in the sock drawer). Barclay gave me a decent CL,  and they were very receptive to recon CLI

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Yes, it really varies with too many factors.   My highest initial CLs (all $30K) have been Cap One and Citi (neither of which most people would suggest for this) and most recently NASA, but the feeling here is that high limits from them have stopped.    People also got good limits from Dinfer Club, but not taking apps at present.

And unlike HappyCamper123, Barclays has twice given me my lowest limit by far

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I got my Q'S card last month, but YMMV.

As far as BarclayBatheyy initially gave me my lowest limit (5k) but doubled it in my recon call. Again, YMMV.

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I meant high limits have stopped from Nasa.