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Established Member
nodak64
Posts: 42
Registered: ‎02-26-2013

Will high store card limits help you get higher initial CC limits?

Im planning an app spree in 6 months When my scores should be up to near 700. But my higher limits are GE store cards. My only actual credit cards right now are a cap1 secured at 500, a us bank secured at 700, and a prg with a 2k high balance but npsl. Im hoping to not get toy limits. Iv been contemplating trying for a card that is known to give high initial limits but im not sure. My one big baddie on my TU is not showing for the last week(I have no clue why, I DV'ed it and they sent me a letter saying it was verified then it disappeared 3 weeks later) so Iv also been tempted to app TU cards.

 

Thoughts?

Mega Contributor
LS2982
Posts: 15,434
Registered: ‎04-09-2011

Re: Will high store card limits help you get higher initial CC limits?


nodak64 wrote:

Im planning an app spree in 6 months When my scores should be up to near 700. But my higher limits are GE store cards. My only actual credit cards right now are a cap1 secured at 500, a us bank secured at 700, and a prg with a 2k high balance but npsl. Im hoping to not get toy limits. Iv been contemplating trying for a card that is known to give high initial limits but im not sure. My one big baddie on my TU is not showing for the last week(I have no clue why, I DV'ed it and they sent me a letter saying it was verified then it disappeared 3 weeks later) so Iv also been tempted to app TU cards.

 

Thoughts?


If any of your GE accounts are Bankcards yes, it would help. IMO store card high limits may help but more likely not much.




Silver Spade Garden Club Member - Last App 12/16/13 - Looking for a clean slate NO INQ's / Diamond Inspired!
Starting Score:
EX (PLUS) 583 EQ FICO 565 TU FICO 590 3/15/2011 / Goal Scores: 720
Current Score: EX FICO (PSECU) 671 (myFICO) N/A / EQ FICO 679 / TU08 FICO 678 / TU VS 706 3/6/2014
Established Member
nodak64
Posts: 42
Registered: ‎02-26-2013

Re: Will high store card limits help you get higher initial CC limits?

What do you mean bankcard? I have an amazon and a walmart card.

Mega Contributor
LS2982
Posts: 15,434
Registered: ‎04-09-2011

Re: Will high store card limits help you get higher initial CC limits?


nodak64 wrote:

What do you mean bankcard? I have an amazon and a walmart card.


GE offers Visa/MC/Discover. Your Wally card will eventually upgrade to a Discover account. Having that would help your high limit chances.




Silver Spade Garden Club Member - Last App 12/16/13 - Looking for a clean slate NO INQ's / Diamond Inspired!
Starting Score:
EX (PLUS) 583 EQ FICO 565 TU FICO 590 3/15/2011 / Goal Scores: 720
Current Score: EX FICO (PSECU) 671 (myFICO) N/A / EQ FICO 679 / TU08 FICO 678 / TU VS 706 3/6/2014
Established Member
nodak64
Posts: 42
Registered: ‎02-26-2013

Re: Will high store card limits help you get higher initial CC limits?

Ah that makes sense. Thanks.

Valued Contributor
creditnocash
Posts: 2,185
Registered: ‎07-23-2012

Re: Will high store card limits help you get higher initial CC limits?

it does and it doesnt, my 5k citizens card was after walmart store reported 5k. 

before that (and still do) have a 3.5k macys, 2.5k best buy. but even when i had those, chase only gave me 500 on my freedom, and now its 1500(all auto cli) 

 

income is only 32k if that helps. 

Current: Discover Fico 689 7/14 Walmart Fico 682 7/14

Inquiries (24 Months): EQ 8 TU 5 EX 5 | Most Recent: 09/04/2013
2 Inquiries in The Last 12 Months


2014 Goals:
Lower Utility

Amex Zync(Unicorn)
Chase Freedom$1500
Discover IT$2900
Citi Diamond Preferred$6000
Citizens Mastercard$7000
Super Contributor
enharu
Posts: 6,889
Registered: ‎02-27-2013

Re: Will high store card limits help you get higher initial CC limits?

Like LS said, if any of those cards you have are Amex/Visa/Discover/Mastercard branded, most lenders will take more of those cards into consideration. 

Other than that they seem to not really care much about it.

JPMorgan Palladium (100k), AmEx Platinum (NPSL), AmEx SPG (46k), AmEx BCP (42k), Chase Sapphire Preferred (47k), Citi Prestige (31k), Citi Thank You Preferred (27k), Citi Executive AAdvantage (25k), JPMorgan Ritz-Carlton (21k), Merrill+ (15k), US Bank Cash+ (22.5k), Wells Fargo (12k), Bloomingdale’s (12.4k), Chase Freedom (5k), Discover IT (5k).
Valued Contributor
jsucool76
Posts: 2,770
Registered: ‎12-11-2011

Re: Will high store card limits help you get higher initial CC limits?

I wouldnt think a networked card would help more than a store (non visa/mc/disc/amex) to my knowledge a bank cant tell whether it is a network or store card. All they would see is gecrb/paypal or gecrb/walmart, whether it is a store or networked card.
Wallet: Capital One Cash Rewards 3500CL, Wells Fargo Cash Back College Visa: 900CL, Paypal Smart Connect: 1286CL, Walmart Discover: 2000CL, UPromise Mastercard: 1000CL, Chase Slate: 500CL, Discover IT: 2000CL, Citi Forward: 1500CL, Bank Of America Student Travel Rewards: 700CL
Super Contributor
enharu
Posts: 6,889
Registered: ‎02-27-2013

Re: Will high store card limits help you get higher initial CC limits?


jsucool76 wrote:
I wouldnt think a networked card would help more than a store (non visa/mc/disc/amex) to my knowledge a bank cant tell whether it is a network or store card. All they would see is gecrb/paypal or gecrb/walmart, whether it is a store or networked card.

They are able to tell. A networked card usually has some sort of abbreviation.

For example macys is usually DNSB Macys. 

Amex Branded is something like DSNB Macys/Amer etc.

 

JPMorgan Palladium (100k), AmEx Platinum (NPSL), AmEx SPG (46k), AmEx BCP (42k), Chase Sapphire Preferred (47k), Citi Prestige (31k), Citi Thank You Preferred (27k), Citi Executive AAdvantage (25k), JPMorgan Ritz-Carlton (21k), Merrill+ (15k), US Bank Cash+ (22.5k), Wells Fargo (12k), Bloomingdale’s (12.4k), Chase Freedom (5k), Discover IT (5k).
Valued Contributor
jsucool76
Posts: 2,770
Registered: ‎12-11-2011

Re: Will high store card limits help you get higher initial CC limits?

Ah, i wasnt aware of that.

Macys is weird anyway. They give you a seperate account for your amex and store card.
Plus macys is dsnb not gecrb. XD i think dsnb is citi :-P
Wallet: Capital One Cash Rewards 3500CL, Wells Fargo Cash Back College Visa: 900CL, Paypal Smart Connect: 1286CL, Walmart Discover: 2000CL, UPromise Mastercard: 1000CL, Chase Slate: 500CL, Discover IT: 2000CL, Citi Forward: 1500CL, Bank Of America Student Travel Rewards: 700CL

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