Too much credit?

[ACcash]

I understand the benefits of having high total CLs. However, on the other hand, I am slightly concered that my high credit to income ratio might affect my future credit card applications. Here are my details:

total CL is 20k, income is 26k

6 cards, AAoa 7 months, oldest card 2 years

6 inqueries in 2013, No bads, util < 10%

Latest score 710+

I have been gardening for 2 months and will still be doing so until 2014/04. After that, my plan is to apply for CSP and Citi TY Pref but I am worried about my credit to income ratio being high. Is it ineed high? And if so, any suggestions? BTW, personally, I like high CLs but I do not badly want them... Moderate CLs work for me just fine.

[wl123]

At some point you'll reach the maximum exposure each creditor is willing to extend you based on income. If you apply for a new card with that creditor they may give you a low CL or have you reallocate existing credit over to the new card. Some creditors also factor in your total available credit across all cards when making such decisions.

[09Lexie]

Perhaps not too high now but if you decide to app for cc's with $5k min CL's ie CSP and continue with CLI's on your current portfolio -then yes. As far as the CSP is concerned, your current income is too low to reap the benefits.

IIRC, the annual spend should be somewhere around $30k to even offset the AF.

[MafiaS]

My income level is about the same and I decide not to go with CSP or BCP.

[ACcash]

Thanks for your reply, 09Lexie. I believe in my situiation it will make sense though. I am a frequent flyer and expect to graduate within two years. Even ignoring these factors, the 40k signup bonus is worth at least 5 years' AF.

[09Lexie]

I agree the signup bonus is worth the AF. Your OP asked if you had too much credit. Based on your current stats, you are close.

[ACcash]

Totally agree =)  Thanks for the info!

[coldnmn]

My income is $25k net and have $37.7k CL and feel the same way. I got a Sam's Discover yesterday and regreted it even though I'll use it. I don't think it matters as much if you keep the balances low.

[12njoy]

I've reached one of my creditor's maximum credit (USAA).  They will not extend me any more credit and I'm okay with that. 

[youngandcreditwrthy]

Just keep util low.
It's unfortunate that banks are far more limited by income now, even if you have an 800 FICO.
Good luck!