Reply
Senior Contributor
Posts: 3,067
Registered: ‎11-02-2009
0

Re: Your first and highest CL leap ...

My highest CL currently is Amex SPG at $27K.  Before that, my highest was $10K.  I had $10K on a Chase buy.com visa and a BofA US Air MC.  Both of those started at $5K and grew to $10K on their own over several years.

 

In 2008 I went through a period of unemployment and fell behind on all my credit cards and my mortgage.  My CCs were all closed by the creditors, but I managed to find work again before anything was charged off/went to collections/went into foreclosure.  But having gone 150 days late on at least one account, and 60-120 days late on six other accounts, my scores obviously were not very good.  Once I paid everything current, I got a capital one platinum CC with $39 AF.  I believe the initial CL was $500 and it was in their credit steps program.  At the time, my scores couldn't have been much above 600, if even that high. 

 

Almost two years later, I applied for the Amex PRG and was approved.  At the time, my EQ FICO was about 650.  I did not know it at the time, but my EX FICO currently sits about 50 points higher than my EQ FICO, so I am sure that helped with the approval.  I used the PRG fairly heavily for 6 months.  My scores continued to improve because my lates were all aging past the two year mark.  I then applied for the SPG card and was given an initial CL of $19.6K.  At the time of application, my EQ and TU scores had cracked 700 if I remember correctly, and I estimate that my EX FICO was around 750.  I still had significant lates on 7 accounts, but they were over two years old.  By that time my Cap One card had grown to a $2500 CL, but that was the only CL for an open tradeline on my report.  I also had the Amex PRG, and I had the closed accounts with the $10K CL.  I put a fairly large amount of business expenses on my CCs, so in my case, I think the heavy usage with the Amex PRG played a significant role in the initial CL.  I also think the fact that my EX report scores so much higher than EQ and TU helps, since that is what Amex pulls.

 

6 months later, I asked Amex to increase the CL to $25K and was approved.  Just last month, Amex gave me an auto CLI to $27K. 


Starting Score: ~500 (12/01/2008)
Current Score: EQ 681 (04/05/13); TU 98 728 (01/06/12), TU 08? 760 (provided by Barclay 1/2/14), TU 04 728 (lender pull 01/12/12); EX 742 (lender pull 01/12/12)
Goal Score: 720


Take the FICO Fitness Challenge
Moderator Emeritus
Posts: 7,225
Registered: ‎09-16-2011
0

Re: Your first and highest CL leap ...

For me the jump was crazy. I had had discover since 1999. It grew through auto clis to 4200. Then this yr chase gave me a 5k limit on amazon and amex gave me a NPSL that ive used to a Max of 5200. Nfcu gave me the 22k limit in march. I think my perfect cc payment history and income helped. I had sent in bank statements and investment statements.that showed over 100k in liquid assets for my truck refi and they approved me for the card using that info. I think the higher limit is just because ive kept my house in good financial shape. We bought a house we could easily afford on just one income and. We only have 1/3 vehicles that still have a note. I'm curious to find out if chase and discover eventually raise my limits. My high balance on the.cash.rewards card has.been 7k. I'm sitting at 3k now and it will be at 0 at the end of this month.

Starting Score: 08/29/2011 TU 671 EQ 674
Current Score: TU 754 EQ 694 EX 697
Wallet: NFCU Visa Sig 25k, Amex Lowes 22k, NavCheck 15k, Amex PRG, Amex Zync, Discover It 13.5k, Amazon Visa 5k
Platinum Spade Garden Club Member: App Free since 1/1/13. No more apps til who knows when?
MyFICO Fitness Goal: 800s Club!



Take the myFICO Fitness Challenge
Valued Contributor
Posts: 2,300
Registered: ‎01-22-2012
0

Re: Your first and highest CL leap ...

[ Edited ]
My largest CL leap was with Bank of America back in 2007.
Previously I had a Platinum Visa with a 10k limit from 2004-2007, a Visa gold with a 4k limit in 2001-2003, and a vanilla Visa with a 1k limit in 2000. I started doing a lot more travelling so I applied for my US Airways Visa Signature and was instantly approved with $18,200.
At that point my FICO was ~780 and I'd been pushing through about 50-60k a year on my platinum card. I also had about $250,000 invested with them as a wealth mamagement client. I'm fairly certain all of those helped.

 
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
Regular Contributor
Posts: 121
Registered: ‎01-10-2012
0

Re: Your first and highest CL leap ...

[ Edited ]

My biggest break came two-fold.

Prior to entering prime territory, my highest limit was $2,500 with Juniper.

First, when my credit improved significantly, I was approved for the Amex Premier Rewards Gold card. (BK from 2002 and 2 CO's were still showing at this time; FICO around 630; AAOA 6 yrs.)

After having this card for six months, I applied and was approved for the Chase United MileagePlus Explorer card with a $10,000 limit. (Note that I also had cleaned up BK and CO's from reports; FICO around 760; AAOA 6 yrs.) This was a major break through from low limits.

Next, I started applying for Amex revolvers and was approved for BCP and Hilton Surpass with $20,000 limits each. I think these limits really set the pace for future limits on my high end cards.

During this time, I also apped for the Chase Sapphire Preferred. Approved for $5,000 since the United card was new. After 3 months, I apped for a CLI and was increased to $20,000 limit!

YMMV, but Amex and Chase have been great to me. (And the secret is that they compete with each other! When you cross a major hurdle with one, you can be sure that the other is close behind.)

Honorable mention - Barclays has also shown love. I recently went from a $5,000 limit on my Ring card to $14,000 in the span of 1 month!

Hope this helps! My progress has been helped tremendously by these boards!
Starting scores: Around 630 (Sep 2011)
Current FICO scores: TU ‘08 792 (Walmart) • EQ 765 • EX 771 (Amex)
Prime cards: JP Morgan Select (30K) • HHonors Reserve (30K) • Chase United MileagePlus Explorer (20K) • Chase Sapphire Preferred (20K) • Amex Hilton Honors Surpass (20K) • Amex BCP (20K) • Barclay Ring (20K) • Citi Thank You Premier MC/Visa (16K Combined) • Discover Escape (10K) • Amex SPG (5K) • Amex Premier Rewards Gold • US Bank Cash+ (5K+???)
Valued Contributor
Posts: 1,142
Registered: ‎09-01-2011
0

Re: Your first and highest CL leap ...


hotpoint wrote:
I have noticed many of you have very high CL, i.e.. 10k, 15k, 22k, etc. I am curious to learn more about your profile before you received such a CL, and you were trusted w/such a leap. What was your CL before you leaped into that zone listed above, your scores, AAOA, BK/or deleted, homeowner/renter, etc? Please share any information that would assist someone w/their journey. Purpose: many of us are learning and would like to learn from those that have made the leap -- my highest CL is 5k w/USAA, I am in the process of paying my CC down, lowering A.P.R. (w/success), and preparing for the CC that fit the best. I have no inquires for the last three years. I am hoping to be below 20% by October 2012. BTW, Congratulation, and thanks for sharing your knowledge . . . .


STILL waiting for a high leap here....Smiley Very Happy  

 

My question is -- do you really USE your $20,000 + limit every month?  



Husband's Current Score: EX 691 CUSC; EQ 694; TU 687; Mine: EX 773 (AMEX); EQ 720; TU 750
Wallet Contents: SECURED: Capital One Platinum Mastercard, US Bank Harley Davidson Visa, USAA Bank American Express;
UNSECURED: Chase Freedom; USAA Cash Rewards World Mastercard, Discover More, CUSC Platinum Rewards Visa, American Express Zinc, American Express Blue Cash Preferred, Amazon Card, Walmart Discover Card
Valued Contributor
Posts: 2,300
Registered: ‎01-22-2012
0

Re: Your first and highest CL leap ...


discernment wrote:

hotpoint wrote:
I have noticed many of you have very high CL, i.e.. 10k, 15k, 22k, etc. I am curious to learn more about your profile before you received such a CL, and you were trusted w/such a leap. What was your CL before you leaped into that zone listed above, your scores, AAOA, BK/or deleted, homeowner/renter, etc? Please share any information that would assist someone w/their journey. Purpose: many of us are learning and would like to learn from those that have made the leap -- my highest CL is 5k w/USAA, I am in the process of paying my CC down, lowering A.P.R. (w/success), and preparing for the CC that fit the best. I have no inquires for the last three years. I am hoping to be below 20% by October 2012. BTW, Congratulation, and thanks for sharing your knowledge . . . .


STILL waiting for a high leap here....Smiley Very Happy  

 

My question is -- do you really USE your $20,000 + limit every month?  


Sometimes. In December I typically push through 40-50k, but otherwise it averages around 5-6k per month.

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
Regular Contributor
Posts: 121
Registered: ‎07-23-2007
0

Re: Your first and highest CL leap ...

Thanks to you all . . . this is great info and helpful to us all.  Sanjee, very interesting journey.  I have read throughout this forum that Amex is challenging to obtain w/a BK -- thanks for breaking the curse.

 

HotPoint

 

EQ -- 685 ... 7/2/2012

TU -- 687 ... 6/15/2012

EX -- 694 ... 6/29/2012 Plus -- 780 vantage Score 6/15/2012

 

all wounds heal except those that you pick at

Regular Contributor
Posts: 121
Registered: ‎01-10-2012
0

Re: Your first and highest CL leap ...


hotpoint wrote:

Thanks to you all . . . this is great info and helpful to us all.  Sanjee, very interesting journey.  I have read throughout this forum that Amex is challenging to obtain w/a BK -- thanks for breaking the curse.

 

HotPoint

 

EQ -- 685 ... 7/2/2012

TU -- 687 ... 6/15/2012

EX -- 694 ... 6/29/2012 Plus -- 780 vantage Score 6/15/2012

 

all wounds heal except those that you pick at


No problem. Glad to help!

 

At the time of applying for my first Amex, I had not signed up for these boards yet. So, I had no awareness of the Amex/BK fear. Fortunately, I was approved. Amex has been great to me. Gotta love Amex (and Chase)!

 

To the other OP, no I never even come close to the $20,000 limits on my cards. But, because I have high limits, I'm not afraid to use my cards. I'm currently carrying about $8,000 in debt, but it's only 7% utilization. High limits are all part of leveraging the credit scoring system to your advantage!

Starting scores: Around 630 (Sep 2011)
Current FICO scores: TU ‘08 792 (Walmart) • EQ 765 • EX 771 (Amex)
Prime cards: JP Morgan Select (30K) • HHonors Reserve (30K) • Chase United MileagePlus Explorer (20K) • Chase Sapphire Preferred (20K) • Amex Hilton Honors Surpass (20K) • Amex BCP (20K) • Barclay Ring (20K) • Citi Thank You Premier MC/Visa (16K Combined) • Discover Escape (10K) • Amex SPG (5K) • Amex Premier Rewards Gold • US Bank Cash+ (5K+???)
Valued Contributor
Posts: 1,367
Registered: ‎04-20-2012
0

Re: Your first and highest CL leap ...

I started with a Citi Student Dividend card in college way back in 2005 - this was in the old days of credit where CCCs had kiosks on college campuses and were approving basically everyone. That student card graduated to an MC Platinum, then MC World, and eventually MC World Eite, and the CL went from $500 to $20k. I received occasional auto-CLIs, but would also log in to manually check the CL and request increases if the option was available. Now that I have a decent CL it helps me leverage other CCC into matching it. It just took time and discipline.

TU FICO: 800 (2/1/14) | CK Score: 802 (2/1/14) | CS Score: 805 (2/1/14)

J.P. Morgan Palladium ($250k) | AmEx Platinum (NPSL) | AmEx SPG Personal/Business ($50k/$50k) | Citi Executive AAdvantage WEMC ($50k) | Citi Dividend WEMC ($50k) | Chase Sapphire Preferred VS ($50k) | Chase Ink Bold WEMC ($50k Flex) | Chase Ink Plus WEMC ($25k) | Chase Freedom VS ($25k) | Chase Freedom WMC ($25k) | Chase MileagePlus Explorer ($25k) | Chase Southwest RR Plus Business/Personal ($15k/$15k) | Barclays US Airways ($25k) | Barclays Hawaiian Airlines ($25k) | BofA Alaska Airlines ($10k) | Lexus Financial Services ($30k) | Mercedes-Benz Financial Services ($50k)
Senior Contributor
Posts: 3,067
Registered: ‎11-02-2009
0

Re: Your first and highest CL leap ...


discernment wrote:

hotpoint wrote:
I have noticed many of you have very high CL, i.e.. 10k, 15k, 22k, etc. I am curious to learn more about your profile before you received such a CL, and you were trusted w/such a leap. What was your CL before you leaped into that zone listed above, your scores, AAOA, BK/or deleted, homeowner/renter, etc? Please share any information that would assist someone w/their journey. Purpose: many of us are learning and would like to learn from those that have made the leap -- my highest CL is 5k w/USAA, I am in the process of paying my CC down, lowering A.P.R. (w/success), and preparing for the CC that fit the best. I have no inquires for the last three years. I am hoping to be below 20% by October 2012. BTW, Congratulation, and thanks for sharing your knowledge . . . .


STILL waiting for a high leap here....Smiley Very Happy  

 

My question is -- do you really USE your $20,000 + limit every month?  


I use it every month by keeping my utilization down without having to worry as much about paying before statement closes.


Starting Score: ~500 (12/01/2008)
Current Score: EQ 681 (04/05/13); TU 98 728 (01/06/12), TU 08? 760 (provided by Barclay 1/2/14), TU 04 728 (lender pull 01/12/12); EX 742 (lender pull 01/12/12)
Goal Score: 720


Take the FICO Fitness Challenge
Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
† Credit cards for FICO Score ranges: The score ranges are guidelines based on actual applicant approvals and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.