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Senior Contributor
Posts: 4,270
Registered: ‎11-11-2015

Your total credit lines

What is your active total available credit and how long did it take to build it?

$190,350.00
I'm not an AU on any

Took 27 months to obtain.

AMEX BCP $9000- DCU Platinum $10000- PenFed Power $11000- Chase FU $11700- AMEX EDP $15000- NFCU CLOC $15000- Chase CSP $18900- Discover IT Miles $20000- Penfed Promise $25000- NFCU Go Rewards $27100- Venture $27750 **As of 10/17/17** EX- 760(13) TU- 759(12) EQ- 730(14) UTI 5%- Clean Files
Established Member
Posts: 14
Registered: ‎09-04-2017

Re: Your total credit lines

Wow you have some monster CL!! Hopefully I can get to the 100k status one day.

I’m a 19 year old college student with 2 months of revolving credit history, and so far I have a total CL of 9.1K. Gardening till 2019, but I’m getting there slowly but surely. Good luck getting to the 200K club, Donny!
~Gardening 'til 9/25/19~ Starting FICO: 579 (EQ on 6/17) Current FICO: 709 (TU on 10/17)
PayPal 3000| Amazon Prime Store 1800| Barclay Apple Reward 1500| BoA Cash Rewards 1200| Discover IT Student 500| Barclay Barnes Noble 500| Capital One Journey Student 300| Target RedCard 300
Senior Contributor
Posts: 7,076
Registered: ‎04-11-2016

Re: Your total credit lines

[ Edited ]

Donny, when you say how long did it take you to obtain I assume you mean from the time you started "going for it" with respect to credit lines?  Doing that on an established profile is quite different than someone that's just starting out in credit.  Or, perhaps your numbers referenced in your original post are starting from nothing?

 

In 15 months I went from total credit limits of $3000 to $145k (will be $165k-$170k in 5 weeks), but that's on a thick/aged file.  That was with me going from 1 revolver to 8 revolvers.  Surely there are others out there that no doubt opened 30-40 revolvers in the span of time that I did that probably could have racked up $300k-$500k in total credit limits if that was their goal.  My goal was to simply open up the cards I needed based on my spend and that's it.  I have zero desire to open any additional revolvers and I'd be surprised if my TCL ever reaches $200k.

Senior Contributor
Posts: 4,270
Registered: ‎11-11-2015

Re: Your total credit lines

[ Edited ]

That's right Brutal starting from nothing. 27 months ago I had nothing.

I had completely dirty files. Cleaned them up perfectly and dove in. Last year I closed 70k in lines I just didn't want or need.

My siggy is what I like and will keep. I will no longer obtain more credit as I have every possible credit line I could ever need for each thing in life. I won't need or ask for cli's any more either.

AMEX BCP $9000- DCU Platinum $10000- PenFed Power $11000- Chase FU $11700- AMEX EDP $15000- NFCU CLOC $15000- Chase CSP $18900- Discover IT Miles $20000- Penfed Promise $25000- NFCU Go Rewards $27100- Venture $27750 **As of 10/17/17** EX- 760(13) TU- 759(12) EQ- 730(14) UTI 5%- Clean Files
Valued Contributor
Posts: 1,478
Registered: ‎01-31-2008

Re: Your total credit lines

Currently $621,000 and change in credit lines. Oldest reported account is 24 years old. Since becoming more active with myFICO in the last serval years I climbed from around $100,000 to where I am today.My wife has around $400,000 with only 1 or 2 accounts overlapping.

 

I have now reached the time that I will begin to consolidate my card portfolio.

 

So was bitten by the bug around 3 years ago and have greatly improved my credit scores and amount available.

New Contributor
Posts: 50
Registered: ‎05-28-2017

Re: Your total credit lines

$4,000

10/8 EX 685 TU 736 EQ 725
Community Leader
Senior Contributor
Posts: 4,894
Registered: ‎07-17-2014

Re: Your total credit lines

Just for the benefit of any newcomers..... be sure to remember that large credit limits do not in themselves improve your credit score. 

 

EXAMPLE: Bob has four credit cards at $1000 each and a balance of $30 on each one.  He then reaches out to his four CC issuers and (suprisingly) they agree to raise his limits to $20,000 each.  His score will not go up by even a single point.  That's because his CC utilization was very low before, and it is still very low.

 

That isn't to say that the bigger limits don't have a convenience advantage.  But you'll notice that Donny and BBS both describe their increased limits as something they achieved largely as a byproduct of the other stuff they were pursuing.  (Getting the cards they needed, etc.)

 

That's a smart way to go about it.  Work on getting higher limits, but don't focus too much on it.  It will happen gradually as you do the stuff that makes sense on other grounds.

 

Nice to see that it can actually happen very quickly too.  Thanks Donny.

Senior Contributor
Posts: 3,339
Registered: ‎05-27-2015

Re: Your total credit lines

[ Edited ]

My files were dirty until March of last year. I started building in May of 2016 from $2600 TCL between two cards. Active lines with no AU accounts is $519,000.

So it took 29 months to go from $2600 to where it's at now.

FICO 8 Scores EQ=753 TU=779 EX=764 (INQ) EQ=19 TU=14 EX=18 TCL=$525,800
Senior Contributor
Posts: 4,270
Registered: ‎11-11-2015

Re: Your total credit lines


CreditGuyInDixie wrote:

Just for the benefit of any newcomers..... be sure to remember that large credit limits do not in themselves improve your credit score. 

 

EXAMPLE: Bob has four credit cards at $1000 each and a balance of $30 on each one.  He then reaches out to his four CC issuers and (suprisingly) they agree to raise his limits to $20,000 each.  His score will not go up by even a single point.  That's because his CC utilization was very low before, and it is still very low.

 

That isn't to say that the bigger limits don't have a convenience advantage.  But you'll notice that Donny and BBS both describe their increased limits as something they achieved largely as a byproduct of the other stuff they were pursuing.  (Getting the cards they needed, etc.)

 

That's a smart way to go about it.  Work on getting higher limits, but don't focus too much on it.  It will happen gradually as you do the stuff that makes sense on other grounds.

 

Nice to see that it can actually happen very quickly too.  Thanks Donny.


Excellent post!

AMEX BCP $9000- DCU Platinum $10000- PenFed Power $11000- Chase FU $11700- AMEX EDP $15000- NFCU CLOC $15000- Chase CSP $18900- Discover IT Miles $20000- Penfed Promise $25000- NFCU Go Rewards $27100- Venture $27750 **As of 10/17/17** EX- 760(13) TU- 759(12) EQ- 730(14) UTI 5%- Clean Files
Valued Contributor
Posts: 2,632
Registered: ‎10-31-2011

Re: Your total credit lines

Current revolving Credit Cards (no mortgage or vehicle lines/loans included) $365k add in the wife's cards and that goes to probably $550k. Our business and life crashed and burned in 2005-2007, jobs, income, assets all crashed (did NOT file bankruptcy). In 2012 we got serious about fixing things, by 2014 we were well healed, but not without scars. As of mid-2015, we could get just about any card we wanted or tried for and almost all start with 5 digit limits (last two cards I got started at $21k and $15k, last one she got started with a $16k CL).   

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