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Plz give all your opinion(s).......

tag
CS800
Super Contributor

Re: Plz give all your opinion(s).......


Smug wrote:

My friend from another board has just under 1 million in credit, it amazing to see on paper 160k is only one card for him...


Smug you're just well connected Smiley Happy

 




Message 11 of 17
kpresod
Regular Contributor

Re: Plz give all your opinion(s).......

+1  Smiley Happy

Message 12 of 17
quest208
Frequent Contributor

Re: Plz give all your opinion(s).......


@Smug wrote:
My friend from another board has just under 1 million in credit, it amazing to see on paper 160k is only one card for him...


which card is that?


TU08 762
NFCU Visa Signature $20,000, Citi Prestige $15,500, USAA Mastercard $11,000, American Express Platinum, Barclays American Express $4700, Best Buy Mastercard $400, Orchard/Capital One $700
Message 13 of 17
dalebb
Valued Contributor

Re: Plz give all your opinion(s).......


@quest208 wrote:

@Smug wrote:
My friend from another board has just under 1 million in credit, it amazing to see on paper 160k is only one card for him...


which card is that?



walmartSmiley Surprised

Message 14 of 17
LS2982
Mega Contributor

Re: Plz give all your opinion(s).......


@kpresod wrote:
I'm a new user to this site, and I LOVE it because I get lots of information to build my financial background to its best! However, I am amazed and get excited when I see high CLs most ppl receive from their financial institutions. What I don't seem to understand is, when one acquire so much Credit (which is good); what do u do from there on? Use it responsibly and PIF. Of course I don't expect one to max the cards out, but seriously what do u do? Keep in mind, I've also read, and witnessed ppl with really high CLs of which they don't utilize at least 30% of it an the banks automaticallly closes their accounts. Most likely due to other factors on their credit reports. What would happen to their credit? AAoA / overall Util. may take a hit, but other than that not much. What would another institution look at/think before they consider giving such person(s) lines of credit? Account age, payment history, FICO score are the big things. AAoA as well. These are the things I would like to know. On the other hand, is it better to have (1) major CC preferably AMEX Green/Gold/Zync and every 8-12mths of "gardening" you then look at your expenses within your budget and request a CLI as needed? With AMEX you can request a CLI sooner (61st day of opening) and request up to 3x your CL.  Overall, we all know banks are for profit and somewhat for fair trade.

 




EQ FICO 548 3/3/16
Message 15 of 17
LS2982
Mega Contributor

Re: Plz give all your opinion(s).......


@quest208 wrote:

@Smug wrote:
My friend from another board has just under 1 million in credit, it amazing to see on paper 160k is only one card for him...


which card is that?


I'm interested as well.....




EQ FICO 548 3/3/16
Message 16 of 17
CS800
Super Contributor

Re: Plz give all your opinion(s).......


@LS2982 wrote:

@quest208 wrote:

@Smug wrote:
My friend from another board has just under 1 million in credit, it amazing to see on paper 160k is only one card for him...


which card is that?


I'm interested as well.....



+2




Message 17 of 17
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