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Regular Contributor
luckelle
Posts: 168
Registered: ‎12-05-2007
0

Some of you have high scores and credit limits. What gives?

I know some of you were always credit responsible but, how old were you all when you got 700 club scores and over 5000 CL. Im about to turn 40 and some of you credit wiz kids blow my mind with your young ages and CL. I was told when I was young you couldnt get 700-750 scores until you had AAofA of 15 to 20 yrs. Due tell if its not to much.

Starting Score: 5/2012 TU 595, EQ 565, EX fako 547
Current Score:as of 9/2012, TU 626,Walmart 612, EQ 600, EX fako 623
Goal Score: 640 by dec 2013
BofA Au 13000, Amazon 600, Capt1 300, Walmart 150
When all else fails pay it!


Valued Contributor
jamesdwi
Posts: 1,549
Registered: ‎09-16-2011
0

Re: Some of you have high scores and credit limits. What gives?

oldest card is 40 months old...  and I have had a 720, Others have had  800's with 5-6years AAoA, its the baddies that do the most damage.... 

 

 


Cards: Chase Southwest 20k & CSP 10k & Amtrak 4.6k, & Freedom 3.3k & Slate 3.3k, FNBO DISC 14.9k Oregon Duck 5k, & AMEX BCP 15k & AMEX Hilton Surpass 7.5k & AMEX Zync NPSL, Sams Club Discover 10k, Paypal Extras MC 6k, CapOne 2.5k, CapOne 750, Amazon 3.9k, Walmart 4.5k, Citi Simplicity 7k, HHonors Gold 1k (moved 5k CL to Simplicity), Discover IT 6.5k and a nice stack of store cards.
Last APP 4/26//2014 no plans for new credit I think I have enough.
Valued Contributor
Crashem
Posts: 3,098
Registered: ‎01-26-2012
0

Re: Some of you have high scores and credit limits. What gives?

You can get to 700 club with a year of AAoA.  If you use AUs and the right card issuers, you can get to the 5k limit fairly quick.

               LIMITS IN CARD DESCRIPTIONS
Moderator
Revelate
Posts: 8,891
Registered: ‎12-30-2011
0

Re: Some of you have high scores and credit limits. What gives?


luckelle wrote:

I know some of you were always credit responsible but, how old were you all when you got 700 club scores and over 5000 CL. Im about to turn 40 and some of you credit wiz kids blow my mind with your young ages and CL. I was told when I was young you couldnt get 700-750 scores until you had AAofA of 15 to 20 yrs. Due tell if its not to much.


Unfortunately either you're working on outdated information, or it was never right to begin with.

 

FICO score is only one piece of the puzzle, but if a student (as an example) goes out and gets 2 credit cards, and never misses nor is late with a payment, in a year they'll be over 700 by a non-trivial amount (the most "ridiculous" I saw was around a 740).

 

The thing is though, they're still near thin files with that, and good luck qualifying for a car loan with 0 down among other things, but that's how FICO is setup... it's also why most lenders outside of some credit cards check more than FICO always... and even auto-approvals aren't simply hitting a magic number and here you go!  It still takes length of history, thickness of file, and a bunch of other things into consideration.

 

Starting Score: EQ 561, TU 567, EX 599* (12/30/11, EX lender pull 12/29/11)
Current Score: EQ 04 679, EQ 8 708, TU 711, EX 702* (07/14/14, EX older)
Goal Score: 700 on EQ '04 (01/01/15)


Take the myFICO Fitness Challenge
Regular Contributor
luckelle
Posts: 168
Registered: ‎12-05-2007
0

Re: Some of you have high scores and credit limits. What gives?

If you please given my scores and cards listed below what major card would you go after and at what score would you go after it. the plan is to get a card that grows fairly well with my scores. I dont care about rewards etc. just CL right know. Thanks for steering me in the right direction.

Starting Score: 5/2012 TU 595, EQ 565, EX fako 547
Current Score:as of 9/2012, TU 626,Walmart 612, EQ 600, EX fako 623
Goal Score: 640 by dec 2013
BofA Au 13000, Amazon 600, Capt1 300, Walmart 150
When all else fails pay it!


Valued Contributor
CreditScholar
Posts: 2,300
Registered: ‎01-22-2012
0

Re: Some of you have high scores and credit limits. What gives?

My highest CL was 4k when I was 19 and 10k when I was 21.

 

I could have gotten there sooner but I really wanted to do it on my own. I've always had good credit, and have been 700+ since I was 19-20.

FICOs: EX: 826, EQ: 817, TU: 810
Bank of America Privileges with Travel Rewards Visa Signature - $23,200 CL
Chase Sapphire Preferred Visa Signature - $12,700 CL
Chase United MileagePlus Club World Elite MasterCard - $26,500 CL
Citibank American Airlines Executive World Elite MasterCard - $22,500 CL
J.P. Morgan Ritz Carlton Visa Signature - $23,500 CL
New Contributor
shorefox
Posts: 56
Registered: ‎06-21-2012
0

Re: Some of you have high scores and credit limits. What gives?


luckelle wrote:

If you please given my scores and cards listed below what major card would you go after and at what score would you go after it. the plan is to get a card that grows fairly well with my scores. I dont care about rewards etc. just CL right know. Thanks for steering me in the right direction.


I'd go for the Citi Forward or the Chase Freedom if I were you. Your TU and EX scores seem spot on with approval. I'm not sure if you have any past negatives, but if you don't have many, I believe you could get in. Worst case, you can recon and explain and get approval. As per your 1st post, I've only had credit for a little over 3 years (applied for 1st card when I was 18) and have a 737 EX (probably similar TU and EQ) with 2 "prime" cards (Citi Dividend - $10k, and Amex Zync - NPSL) and a Kohl's charge, a Dell preferred account and a paid off auto loan. All I did was charge what I could afford and pay accordingly. I also asked Citi for regular CLI's, so that is why I have good scores and high limits. Never miss a payment and you will be able to achieve a 700+ and higher limits, too.   


Starting Score: 737 (EXP - Amex Pull 6/29/12) | 732 (CreditKarma)
Current Score: 737
Goal Score: 750


Take the FICO Fitness Challenge
Valued Contributor
Crashem
Posts: 3,098
Registered: ‎01-26-2012
0

Re: Some of you have high scores and credit limits. What gives?

For cl, you want to go Amex and/or gemb cards for their cli policies.  They are friendly for growing cl.  For ge, want to go for one of their visa/mc cards.  

               LIMITS IN CARD DESCRIPTIONS
Established Contributor
Smug
Posts: 961
Registered: ‎12-21-2010
0

Re: Some of you have high scores and credit limits. What gives?

2 years ago in nov. I was at 587 now about 720 in each,went from 1 500.00 cap one to 70k in cards today.
Experian® 808/Equifax® ?/TransUnion® 810
Baddies Experian® clean/Equifax® 1/TransUnion® Clean
Last CLI 6-13-2013
Total Credit $121,190.00
Goal 780!
Valued Contributor
mxp114
Posts: 1,356
Registered: ‎09-01-2011
0

Re: Some of you have high scores and credit limits. What gives?

Besides the above, also take it all with a grain of salt. Some people enjoy lying about things, so you never know :smileywink:


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