Credit Cards

[scarzy]

I once thought that you need to have an income of $90,000 or higher to get a high limit card.

After reading many posts here, the main thing is how your handle your credit no matter how many cards you have.

The key is utilization needs to be 10% or less. Correct?!?!

[swpopham]

Nope.. utilization has nothing to do with it. Usage, usage, usage.... i often have 60-85% utilization but have never been declined for it. I use the hell oit of my cards for 3-4 months call for a cli tell them its killing my utilization and ill keep using the card. The trick is to pif after the statement so others see usage too. And the ability to use responsibly

[KausticRage]

Time, patience, usage and absolutely no late payments.  I just broke the 5K club and can't wait to get rid of my toy limit cards and CLI my GE backed cards to higher limits.

[Fenerbahce]

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swpopham wrote:
Nope.. utilization has nothing to do with it. Usage, usage, usage.... i often have 60-85% utilization but have never been declined for it. I use the hell oit of my cards for 3-4 months call for a cli tell them its killing my utilization and ill keep using the card. The trick is to pif after the statement so others see usage too. And the ability to use responsibly

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Utilization does have something to do with it, that's why you pay in full before requesting the increase. Utilization counts as 1/3 of your credit score, and if you want to have a good chance at a limit increase(new account), then you'd better have the strongest score possible. The ultimate score can be achieved with 1% utilization, but anything under 15% is good...the lower the better.

I recently got denied a CLI on a soft inquiry with AMEX because they were using a 2 week old report where my util was between 30-40%...now it's at 6%...and after I'd lowered my util, I was approved for over 40k between 3 cards this week. Utilization is key!

[jsickz32]

the quickest way to a big CL is NFCU lol my highest was 5.7 before they gave me my first 10k

[Creditaddict]

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jsickz32 wrote:

the quickest way to a big CL is NFCU lol my highest was 5.7 before they gave me my first 10k

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Navy or Amex and now recently I feel like GE and I almost want to stab my hands while typing such a thing that inclused GE as any part of a thread about high limits!!

but they have made a VERY large improvelemt about being a better company for actual growth... with that said though if you insist on talking to the Capital One Rep overseas, GE probably splits the office space, online or direct to underwriting for me when it comes to GE!

[AF_23]

Patience. 

[tengtengvn]

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AF_23 wrote:

Patience. 

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+1

[creditnocash]

you can always go to sdcu and get the 100k secured card. 

im sure some companies would offer you higher limits =) 

its a factor of everything. 

score 

aaaoa and income. 

PAYMENT history is huge. 

i just started in credit in 10/10 and now have 2 5k cards. one is walmart and the other my bank card. (not a cu though) 

annual salary i say now is 32k.  most recent update before today was 688 eq but dropped a few points today for util inc

[Duncanrr]

For most people GE then AMEX. If you are lucky or work really hard then NFCU trumps all. (I love how I can have 2k report and only be at 9% UTIL on the card.)