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I have seen some people have a combined CC limits at around 30...40K....How in the world do you achieve this....aside from having a clean report....Is it based off of income or something else? Just curious
Cheryl
@09Lexie wrote:
It depends on the person, some have a lot of cc's, some have few cc's with large CLI's. income, clean to semi clean report also the cc issuer can make a difference. GE, NFCU are very generous with CL and CLI's
+1 what lexie said
@Cheryla18 wrote:I have seen some people have a combined CC limits at around 30...40K....How in the world do you achieve this....aside from having a clean report....Is it based off of income or something else? Just curious
Cheryl
Thick, clean files and good income get the higher CLs.
I went from $320 in CL to well over $40K in CL this past year, and I neither have "high" (high is relative) income, nor the thickest file.
I think with most things credit YMMV
For me it was thick file, no lates on any credit card. and good income and time.
Time is probably the most important part and working with creditors that offer good CLI's. GE rocks, yes they start out small but they grow fast, and once you are in there good standings even new cards can grow fast and be your highest CL's of GE cards. Started with an Amazon card with a $600 2 years later its now $3900 with out any phone calls to the underwriters. Walmart card started out at $900, 18 months later its at $2500. Paypal MC extras started at $2000, now $3200 just 9 months old, Sam's club started at $800 now its $4800 and its only 9 months old and its my highest Store card limit.
Coventry is another good bank to get in with, pre-approved offers via the shopping cart trick, gets you TL's without INQ's usually happen when you are over 610 Fico's and after 9 months they give small CLI's every 3-4 months. Just got a $200 auto-cli (from $500 to $700) on my roamans card this morning in a few weeks I should get more cli love on there cards, yes they are addicting, I have 6 of their cards could probably close two of them at least, but no AF's and they help with UTL and no one will tell me my file is thin.
Once you get in with Prime lenders you limits really do grow quickly. I'm sure once I garden for the next 6 months I will be getting cards that start over $7500 CL's. Just remember when you reach prime lenders approvals aren't as easy they will deny you if have too many INQ's the subprime lenders usually approve even if you have gotten 2-3 cards in the last 6 months but with prime cards its one-two cards max at least untill your AAoA is over a couple years.
@jamesdwi wrote:For me it was thick file, no lates on any credit card. and good income and time.
Time is probably the most important part and working with creditors that offer good CLI's. GE rocks, yes they start out small but they grow fast, and once you are in there good standings even new cards can grow fast and be your highest CL's of GE cards. Started with an Amazon card with a $600 2 years later its now $3900 with out any phone calls to the underwriters. Walmart card started out at $900, 18 months later its at $2500. Paypal MC extras started at $2000, now $3200 just 9 months old, Sam's club started at $800 now its $4800 and its only 9 months old and its my highest Store card limit.
Coventry is another good bank to get in with, pre-approved offers via the shopping cart trick, gets you TL's without INQ's usually happen when you are over 610 Fico's and after 9 months they give small CLI's every 3-4 months. Just got a $200 auto-cli (from $500 to $700) on my roamans card this morning in a few weeks I should get more cli love on there cards, yes they are addicting, I have 6 of their cards could probably close two of them at least, but no AF's and they help with UTL and no one will tell me my file is thin.
Once you get in with Prime lenders you limits really do grow quickly. I'm sure once I garden for the next 6 months I will be getting cards that start over $7500 CL's. Just remember when you reach prime lenders approvals aren't as easy they will deny you if have too many INQ's the subprime lenders usually approve even if you have gotten 2-3 cards in the last 6 months but with prime cards its one-two cards max at least untill your AAoA is over a couple years.
Holy cow...lol Ok ....I have read references to the cart trick...can you explain that please.... Also you said something about AF's...what is that?